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Automotive Halogen Bulbs Market Size, Share, Regional Overview and Global Forecast To 2033
Automotive Halogen Bulbs Market Size
As per the report, the automotive halogen bulbs market size has grown strongly in recent years. It will grow from $10.91 billion in 2023 to $11.69 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The automotive halogen bulbs market size is expected to see steady growth in the next few years. It will grow to $14.14 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%.
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Lower Costs And Energy Efficiency Are Driving The Growth Of The Automotive Halogen Bulbs Market
Lower cost benefits of halogen in headlights over other headlight types are expected to increase the demand for automotive halogen bulbs market. These bulbs are used in projector bulbs in headlights and incorporate low replacement costs and lesser energy consumption as compared to incandescent bulbs. Furthermore, properties such as a decent lifespan of around 1000 hours under normal conditions and government regulations for more efficient bulbs will continue to drive growth of the automotive halogen bulbs market.
Innovative Solutions In Automotive Lighting
Manufacturers are increasingly offering dual-beam halogen bulbs to cater to the increasing demand from the automobile industry. These products consist of dual metal filaments that produce a high-energy dual-beam pattern comprising of a high beam and a low beam. The beams generated are of high light-emitting power. H4, H7, and H13 are some of the types of dual filament halogen bulbs. For instance, Phoenix Lamps, an India-based lighting manufacturer, manufactures and supplies the dual filament halogen lamps namely H4 & HS1 lamps used in four-wheelers and commercial vehicles to automotive companies such as Piaggio, Mahindra, BMW, and Volkswagen.
The automotive halogen bulbs market covered in this report is segmented -
1) By Product: Halogen Short-Arc Lights, Halogen Long-Arc Lights, Halogen Flash Lights
2) By Vehicle Type: Passenger Vehicle, Commercial Vehicle
3) By Application: OEMs, Aftermarket
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Major companies operating in the automotive halogen bulbs market include GE Lighting, Philips Lighting, Osram Group, HELLA, Magneti Marelli, Toshiba, Eaton(Cooper), Panasonic, KOITO MANUFACTURING, Valeo, Varroc Group, Koninklijke Philips N.V, Autolite (India) Limited, ZKW, PIAA, Hyundai Mobis, CEC Industries, Sylvania, M-Tech, Cardinal Carryor, Felling Trailers Inc., North American Signal Co., Orr & Orr Inc., MSC Industrial Supply Co., Nationwide Industrial Supply, Thin-Lite, WhiteLight, Marinco, NAOEVO, PowerBulbs
Contents of the report:
1. Executive Summary
2. Automotive Halogen Bulbs Market Report Structure
3. Automotive Halogen Bulbs Market Trends And Strategies
4. Automotive Halogen Bulbs Market - Macro Economic Scenario
5. Automotive Halogen Bulbs Market Size And Growth
…..
27. Automotive Halogen Bulbs Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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