Market Overview: GCC Automotive Lighting Market FY23-28
This reports provides an essential and dependable overview of the GCC Automotive Lighting Market, serving as a guide for stakeholders navigating the industry's future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
GCC Automotive Lighting Market Report Coverage Details:
Base Year: 2022
Historical Data: 208-21
Forecast Period: 2023-2028
CAGR: 6.50% (2023-2028)
The GCC Automotive Lighting Market is projected to grow at a CAGR of around 6.50% during the forecast period, i.e., 2023-28.
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GCC Automotive Lighting Market Driver:
Escalating Demand for Electric Vehicles Boosted the Sales of Automotive Lighting
The demand for electric vehicles are increasing considerably across the GCC countries like the UAE, Saudi Arabia, etc., during the past few years, which has enhanced the sales of automotive lighting. The major factor contributing to the enhanced adoption of an electric vehicles is the advancing charging infrastructure across these countries. Several companies like Siemens, ABB E-mobility, etc. have been installing electric charging infrastructures across the region, which is enhancing the adoption of EVs among consumers. For instance,
In 2023, GO TO-U and FYSH EVC LLC are partnering to provide a seamless charging experience across Dubai, to improve its charging infrastructure.
In 2022, ABB E-mobility installed EV chargers for electric vehicles across 100 strategic locations in Saudi Arabia.
Consequently, with the improvement of charging infrastructure across the region, and amplified sales of electric vehicles, the GCC Automotive Lighting Market is anticipated to increase further in the forecasted years.
GCC Automotive Lighting Market Segmentation Analysis - FY23-28
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the GCC Automotive Lighting Market (2023-2028). We prioritize uncovering the pivotal factors that presently drive and will shape the industry's growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The GCC Automotive Lighting Market segmentation is enlisted below:
By Technology
Halogen
LED
Xenon
By Application
Front/Headlights
Rear
Side
Interior Disposable
By Vehicle Type
Two Wheelers
Passenger Cars
Commercial Vehicles
Light Commercial Vehicles
Medium & Heavy Commercial Vehicles
By Demand Type
OEMs
Aftermarket
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By Country
The UAE
Saudi Arabia
Oman
Bahrain
Kuwait
Qatar
GCC Automotive Lighting Market Competitive Landscape
Hella Middle East, OSRAM Middle East, Koito Manufacturing Co. Ltd, Hyundai Mobis, Robert Bosch GmbH, Koninklijke Philips N.V., Denso Corporation, Magneti Marelli S.p.A., SABIC, Valeo, Others.
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Key Report Highlights
Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators
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