The Europe Headlight Market would witness market growth of 5.3% CAGR during the forecast period (2023-2030).
The Germany market dominated the Europe Headlight Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $607 Million by 2030. The UK market is exhibiting a CAGR of 4.3% during (2023 - 2030). Additionally, The France market would experience a CAGR of 6% during (2023 - 2030).
One of the key drivers of growth in the market is the increasing focus on vehicle safety and regulations mandating the use of advanced lighting technologies. Governments are implementing stricter regulations regarding vehicle lighting, including requirements for daytime running lights (DRLs), adaptive headlights, and automatic high beam control. For example, in Europe, the European Union has established headlight regulations under the ECE Regulation 48, which sets standards for the performance and installation of lighting and light-signaling vehicles. This regulation includes its beam patterns, intensity, and alignment requirements, aiming to ensure that headlights provide adequate illumination without dazzling other road users.
In a similar vein, vehicle lighting in the United States is governed by the National Highway Traffic Safety Administration (NHTSA) via Federal Motor Vehicle Safety Standard (FMVSS) No. 108. This standard specifies requirements for the performance, including beam pattern, intensity, and color, to ensure that headlights provide sufficient illumination without causing glare to oncoming drivers. These regulations drive the adoption of advanced technologies, further fueling the market's growth.
According to the European Automobile Manufacturers Association (ECEA), the EU auto industry produced an average of 5.1 motor vehicles per worker in 2021. ECEA also reported that EU new car sales surged by almost 14%, totaling 10.5 million units in 2022. Thus, the EU solidified its position as the second-largest global car producer as production reached 12.1 million units, a growth of over 11%. In value, the EU recorded a €90.6 billion surplus in new car trade, almost equivalent to 2022’s figures. The growth in EU new car sales and production, as reported by the ECEA, indicates a thriving automotive industry. Thus, the factors mentioned will likely support the demand for headlights in Europe throughout the forecast period.
Free Valuable Insights: The Global Headlight Market will Hit USD 10.5 Billion by 2030, at a CAGR of 5.8%
Based on Sales Channel, the market is segmented into OEM and Aftermarket. Based on Vehicle Propulsion, the market is segmented into ICE Vehicle and Electric Vehicle. Based on Vehicle Type, the market is segmented into Passenger Cars and Commercial Vehicles. Based on Technology, the market is segmented into LED, Halogen, and Xenon. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Sales Channel
By Vehicle Propulsion
By Vehicle Type
By Technology
By Country
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