The demand for automotive lighting in Japan is expected to reach USD 2,633.7 million in 2023, compared to USD 2,513.2 million in 2022. Projected sales of automotive lighting are expected to maintain a steady growth rate from 2023 to 2033, with a CAGR of 3.9%. The sale of automotive lighting in Japan is forecasted to reach USD 3,855.6 million by 2033.
Attributes | Details |
---|---|
Industry size for Japan in 2023 | USD 2,633.7 million |
Expected Industry Size for Japan by 2033 | USD 3,855.6 million |
Forecasted CAGR between 2023 to 2033 | 3.9% |
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Headlights continue to lead the application segment in Japan. In 2023, headlights are expected to hold 59.0% of the industry share in Japan.
Headlights are considered paramount for roadside safety, benefiting not only the vehicle they belong to, but also the surrounding vehicles. Thus, headlights are an essential component of automotive lighting. Furthermore, government regulations mandating the strict use of headlights have led to an increase in demand for automotive lighting in Japan.
Demand for Automotive Lighting in Japan Based on Application | Headlights |
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Industry Share in 2023 | 59.0% |
Passenger cars are the dominant type of vehicles for automotive lighting in Japan. In 2023, passenger cars are expected to account for 74.8% of the industry share by vehicle.
Japan is one of the leading car producers in the world. As of March 31, 2023, Japan had an estimated 61.95 million passenger cars in ownership, a slight increase from the previous year's figure of around 61.87 million. This type of car is the predominant choice on Japanese roads. Furthermore, Japan also has a high export volume of cars, solidifying passenger cars as the dominant force in the vehicle segment.
Demand for Automotive Lighting in Japan Based on Vehicle | Passenger Cars |
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Industry Share in 2023 | 74.8% |
With several local vehicle manufacturers in Japan, automotive lighting manufacturers too are present in the country. Further, large-scale car companies have acquired players in the industry to streamline processes. Innovation is the name of the game for many of the industry players. With the rise of smart lighting and heightened safety trends, industry players consider it crucial to adapt.
Recent Developments Observed in Automotive Lighting in Japan
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Attribute | Details |
---|---|
Estimated Industry Size in 2023 | USD 2,633.7 million |
Projected Industry Size in 2033 | USD 3,855.6 million |
Anticipated CAGR between 2023 to 2033 | 3.9% CAGR |
Historical Analysis of Demand for Automotive Lighting in Japan | 2018 to 2022 |
Demand Forecast for Automotive Lighting in Japan | 2023 to 2033 |
Report Coverage | Industry Size, Industry Trends, Key Insights for Automotive Lighting in Japan, Insights on Global Players and Leading Industry Strategy in Japan, Ecosystem Analysis of Local and Regional Japan Providers |
Key Companies Profiled | Koito Manufacturing Co. Ltd.; Hella KGaA Hueck & Co.; Stanley Electric Co.; Valeo SA; Osram Licht AG; Magnetti Marelli; Varroc Group; ZKW Group; Ichikoh Industries Ltd.; General Electric Company; Kaga Electronics; Toyoda Gosei Co. Ltd. |
Key Cities Profiled | Kanto, Chubu, Kinki, Kyushu & Okinawa, Tohoku, Rest of Japan |
The industry size of automotive lighting in Japan is valued at USD 2,633.7 million in 2023.
The automotive lighting industry in Japan is expected to develop at a steady CAGR of 3.9% through 2033.
The industry size of automotive lighting in Japan is forecasted to reach USD 3,855.6 million by 2033.
Passenger cars are commonly represented vehicle in the automotive lighting industry, with an expected industry share of 74.8% in 2023.
Increased production and export of cars are contributing to growth of automotive lighting industry in Japan.
1. Executive Summary 2. Market Overview 3. Market Background 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Application 5.1. Front Headlights 5.2. Fog Lights 5.3. Rear Lights 5.4. Side Lights 5.5. Interior Lights 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type 6.1. Passenger Cars 6.1.1. Compact Cars 6.1.2. Mid-Size Cars 6.1.3. Luxury Cars 6.1.4. SUVs 6.2. LCVs 6.3. HCVs 6.4. Electric Vehicles 6.4.1. BEV 6.4.2. PHEV 6.4.3. HEV 6.5. Two Wheelers 6.5.1. Motorcycles 6.5.2. Scooters 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Light Source 7.1. Halogen 7.2. LEDs 7.3. Xenon 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 8.1. OEM 8.2. Aftermarket 9. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. Kanto 9.2. Chubu 9.3. Kinki 9.4. Kyushu & Okinawa 9.5. Tohoku 9.6. Rest of Japan 10. Kanto Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 11. Chubu Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 12. Kinki Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 13. Kyushu & Okinawa Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 14. Tohoku Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 15. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 16. Market Structure Analysis 17. Competition Analysis 17.1. Koito Manufacturing Co., Ltd 17.2. Stanley Electric Co., Ltd 17.3. Denso Corporation 17.4. Panasonic manufacturer 17.5. Stanley 17.6. Infineon Technologies AG 17.7. Fiem Industries 17.8. Vosla Gmbh 17.9. Lumax Auto Technologies Ltd 17.10. ZKW Group 18. Assumptions & Acronyms Used 19. Research Methodology
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