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Global and China Automotive Lighting Industry Report, 2013

Global automotive lighting market: Chinese sales reach over 12.2 million during 2013


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2014-01-22 18:13:04 - Global and China Automotive Lighting Industry Report, 2013 - a new market research report on companiesandmarkets.com

Although China´s economic growth slows down, the market of automobile, especially SUV and luxury car, is still prosperous. In the first seven months of 2013, China´s output and sales volume of automobile reached 12.335 million and 12.230 million respectively, up 12.5% and 12.0% year on year separately. The sales volume of sedan in the first seven months was 6,268,935, an yr-on-yr increase of 14%, and the sales volume in July jumped by 10.8% year on year.

The cumulative sales volume of MPV in the first seven months was 647,585, up 32% year on year, and the sales volume in July increased by 12% year on year. The cumulative sales volume of SUV in the first seven months was 1,479,665, a

 

 

surge of 49.3% year on year. The cumulative sales volume of crossover passenger car was only 973,996, down 8.3% year on year.

The automotive lighting market has changed little. Although the price of high-brightness (HB) LED die has declined sharply in the past year, LED die only occupies a very small share in the cost of LED head lamp, the costs of LED module, heat dissipation and optical engine are still much higher than the costs of xenon and halogen lamps. In addition, the test on reliability lasts at least three years in the automotive field, so the development of LED head lamp has been slow. Xenon lamp has developed fast, extending from high-end cars to mid-end cars, and may replace halogen lamp to become the dominator in the field of dipped headlight.

Japanese companies have further expanded their market strongholds, and grabbed over market share from European companies. Koito occupies the largest share in the Chinese market, and almost monopolizes the market of automotive lamps for Shanghai VW, Shanghai GM and SAIC. Indian Varroc witnessed a decline of 20% in the first year after the acquisition of Visteon´s automotive lighting business, indicating the need for adjustment.

Valeo´s automotive lighting business is subject to the company´s Visibility division, and the division focuses more on the Park4U parking assistance module which has a higher gross margin and is in the stage of market growth. Hella is dragged down by the European market, but it occupies a dominant position in the aftermarket of Japan, America and China, with quite a stable performance, since Taiwanese companies are merely concerned about the maintenance market and Japanese enterprises only focus on the OEM market.

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