Tail light holder market offers million dollar revenue opportunity to industry players. The industry is registering substantial growth since last five years and is expected to continue the momentum for another ten years. As of 2017, tail light holder industry is highly fragmented with presence of numerous small scale companies. These companies are primarily contract base oriented and procure order from leading automobile companies on timely basis. Higher production of automotive lighting will ensure stable growth for accessory market including tail light holder.
Various macroeconomic factors are expected to play a key role in overall development of the market. Rising consumer spending, increased automotive sales and increased preference for customized looks has created favorable ecosystem for tail light holder manufacturers.
The industry is highly competitive wherein the regional players outpaces the supply than that of actual demand. This has led to high pressure on various companies. Pricing based strategy is the most crucial part of the sector. Asia based player offers their product 20% lower than the global average.
Global Tail Light Holder Market Size and Forecast: Regional Analysis
Globally, Asia Pacific dominated the global sales with China and India accounting for over 71% of regional share. South East Asia is the most lucrative region in Asia Pacific. The cluster is registering 4.4% annual growth in total automotive shipment. As such, it offers very high market opportunity for industry players.
Europe will stand next to Asia Pacific with Germany accounting for 30% of regional tail light holder market in 2017. UK and France will add substantial revenue opportunity for the companies. There are large number of small scale companies present in Europe. Higher consolidation and increased integration of automotive components market could pose a challenge to already established small scale players.
Global Tail Light Holder Market Size and Forecast: Competition Landscape
The Key players and companies in global Tail Light Holder Market include Hella KGaA, Koito Manufacturing Co. Ltd, Stanley Electric Co., Ltd., Magneti Marelli S.P.A, Hueck & Co., Osram GmbH, General Electric, Valeo, Ichikoh Industries Ltd., Zizala Lichtsysteme GmbH, and Philips.
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What Will You Discover in the Report?
- An in-depth analysis of the Tail Light Holder market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Tail Light Holder market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Tail Light Holder market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Tail Light Holder industry during the forecast period
- Who are the Tail Light Holder industry leaders and what are the key initiatives taken by them for long term growth
Who will benefit from the Report?
- Tail Light Holder Industry Suppliers
- Tail Light Holder Industry Manufacturers
- Consultants and Analysts
- Industry Specialists
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