January 27, 2021
According to the research report titled ‘GCC Automotive Lighting Market Analysis, 2020’, available with Market Study Report, GCC automotive lighting market is slated to record a y-o-y growth rate of 6.50% between 2021 and 2026.
Flourishing sales of high-end passenger cars, growing demand for advanced lighting systems and rising development of innovative LED lighting systems are key factors driving the growth of GCC automotive lighting market.
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Growing population has propelled the demand for automobiles in across the Gulf countries. Moreover, strict regulatory outlook which promotes vehicle safety is also stimulating GCC automotive lighting industry outlook. The report states that integration of advanced lighting systems among premium and luxury automobiles is also contributing towards the overall industry remuneration.
The research report on GCC automotive lighting market comprise of significant information regarding the key growth drivers, restraints & challenges and other expansion opportunities prevailing in this business domain. It also compares the past records with the current market trends in order to formulate the growth graph of this industry vertical over the period of 2021-2026.
Apart from this, the document talks about the several market segmentations and highlights their respective impact to the overall industry outlook. Speaking of which, global automotive lighting market is divided on the basis of type, application scope, and regional outlook.
As per type, the market is split into Xenon, halogen and LED. The application scope of GCC automotive lighting market consists of interior, front/headlights, side, and rear segments. Citing the sales channel, the industry is split into aftermarket and OEM.
Considering the geographical landscape, GCC automotive lighting market is segmented into Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and UAE.
The competitive landscape of GCC automotive lighting market is defined by companies such as Valeo, Hella Middle East and OSRAM Lighting Middle East FZE among others.