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C&M: Global industry for automotive halogen lighting to be driven by easy accessibility across all geographies

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Global Automotive Halogen Lighting Market 2014-2018 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-18 07:33:01
The Global Automotive Halogen Lighting market is to grow at a CAGR of 1.24 percent over the period 2013-2018. One of the key factors contributing to this market growth is the easy accessibility across all geographies. The Global Automotive Halogen Lighting market has also been witnessing the continuing adoption of halogen lamps in low-cost vehicles. However, the excess generation of heat by halogen lamps could pose a challenge to the growth of this market.

A major trend being witnessed in the Global Automotive Halogen Lighting market is the continued adoption of halogen lamps in low-cost vehicles. Halogen lamps have strong penetration across all geographies and are less expensive than xenon and LED lamps. Despite the increased adoption of xenon and LED lamps in high-end or luxury vehicles, low-cost vehicles are expected to continue using halogen lamps in the coming years. The replacement cost of halogen lamps is also very low, and this is further expected to drive the adoption of halogen lamps in these vehicles.

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