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Global Vehicle Daytime Running Lamps Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type [Halogens, LED ( Light Emitting Diode), HID (High-Intensity Discharge)], By Vehicle Type (Passenger Car, Light Commercial, Heavy Commercial), And By Geography - Forecasts From 2020 To 2025

Published: May 2021 | Report Code:  KSI061613159 | Pages:  123

The Global Vehicle Daytime Running Lamps market is projected to grow at a CAGR of 5.55% during the forecast period, reaching US$803.840 million in 2025 from US$581.287 million in 2019. Vehicle Daytime Running Lamp's (DRL) job is to increase the visibility of the car so that the other user sees the vehicle on the road. DRL is an automotive lighting and bicycle lighting device on the front of a motor vehicle or bicycle, it’s get automatically switched on when driving it emits white, yellow, or amber light. DRL is used for maximizing benefits in safety performance, glare, motorcycle masking, and other potential drawbacks. A daytime running lamp emits a brighter light when the headlamps are not turned on and its brightness will be dimmed slightly in conjunction with the headlamps being turned on. Vehicle Daytime Running Lamp Market is segmented on the basis of type, seating capacity, engine type, and geography. Segmentation on type includes Halogen, LED (Light Emitting Diode), and HID (High-Intensity Discharge). Segmentation on the basis of seating capacity includes 2-seater and 4-seater cars. Segmentation on the basis of Vehicle includes Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle.

Market Drivers

The automotive running lamp market is growing due to the increase in sales & production of vehicles, safety concerns, and technological advancements. The advancement of in-car safety features is going to increase the demand for DRL in the market. LEDs are the most widely used lamps in the car as they are more energy-efficient than conventional light sources. They have multiple advantages in comparison to traditional lights like low voltage, durable for a longer time, zero UV emission, flexible design, eco-friendly, and long life. DRL is most popular in countries located the further north, where there is less light, especially in winters. Countries such as Sweden, Norway, Iceland, Denmark, and Canada were among the first to require DRLs on all vehicles. DRL even add style to a vehicle, there is a lot of option to choose from it gives the car a sleek look and consumes less power than traditional lights.

By Geography Type

Regionally the vehicle daytime running lamps market is classified into North America, South America, Europe, Middle East, and Africa, and the Asia Pacific The report also analyses major countries across these regions with complete analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers. Geographically, North America and Europe have a significant share in the electric sports car market due to high-income level people. Nordic and Scandinavian countries where it is persistently dark during the winter season at day time have a high demand for daytime running lights. The safety benefits produced by DRLs in relatively dark Nordic countries have roughly tripled the benefit as compared to the bright United States. The APAC region and Middle Eastern Countries will drive the market growth on account of an upsurge in income and a better lifestyle.

Global Vehicle Daytime Running Lamps Market Scope:

Report Metric Details
 Market size value in 2019  US$581.287 million
 Market size value in 2025  US$803.840 million
 Growth Rate  CAGR of 5.55% from 2019 to 2025
 Base year  2019
 Forecast period  2020–2025
 Forecast Unit (Value)  USD Million
 Segments covered  Type, Vehicle Type, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Valeo SA, OSRAM GmbH, Koninklijke Philips N.V., Magneti Marelli S.p.A, HELLA   GmbH  & Co. KGaA
 Customization scope  Free report customization with purchase

Segmentation

  • By Type
    • Halogens
    • LED ( Light Emitting Diode)
    • HID (High Intensity Discharge)
  • By Vehicle Type
    • Passenger Car
    • Light Commercial Vehicle
    • Heavy Commercial Vehicle
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What is the global vehicle daytime running lamps market size?
A1. The global vehicle daytime running lamps market was valued at US$581.287 million in the year 2019.
 
Q2. What will be the global vehicle daytime running lamps market size by 2025?
A2. The global vehicle daytime running lamps market is expected to reach a market size of US$803.840 million by 2025.
 
Q3. What are the growth prospects for global vehicle daytime running lamps market?
A3. The global vehicle daytime running lamps market is expected to grow at a CAGR of 5.55% over the forecast period.
 
Q4. How is the global vehicle daytime running lamps market segmented?
A4. The global vehicle daytime running lamps market has been segmented by type, vehicle type, and geography.
 
Q5. What is the base year considered in the global vehicle daytime running lamps market report?
A5.  2019 has been taken as the base year in the global vehicle daytime running lamps market.
 

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