Mar 4, 2020   SOURCE: PR NewsWire

2020 Global Automotive Electrical Products Market - Market Set to Grow by US$30.9 Billion

DUBLIN, March 4, 2020 /PRNewswire/ -- The "Automotive Electrical Products - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

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The worldwide market for Automotive Electrical Products is projected to grow by US$30.9 Billion, driven by a compounded growth of 5.3%. Lighting Equipment, one of the segments analyzed and sized in this study, displays the potential to grow at over 6.1%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$31.6 Billion by the year 2025, Lighting Equipment will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 4% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.1 Billion to the region's size and clout in the next 5 to 6 years. Over US$870.2 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Lighting Equipment will reach a market size of US$1.3 Billion by the close of the analysis period.

As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 8.6% over the next couple of years and add approximately US$9.3 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East.

Competitors identified in this market include, among others, 

    --  Automotive Lighting Reutlingen GmbH
    --  BBB Industries LLC
    --  Continental AG
    --  Delphi Automotive PLC
    --  Denso Corporation
    --  East Penn Manufacturing Company Inc.
    --  Exide Technologies Inc.
    --  Federal-Mogul LLC
    --  BERU
    --  FIAMM Energy Technology SpA
    --  GS Yuasa Corporation
    --  Hella KGaA Hueck & Co.
    --  Hitachi Automotive Systems Americas Inc.
    --  Ichikoh Industries Ltd.
    --  Japan Aviation Electronics Industry Limited
    --  Johnson Controls Inc.
    --  Koito Manufacturing Company Ltd.
    --  NGK Spark Plug Co. Ltd.
    --  OSRAM GmbH
    --  Osram Sylvania
    --  Philips North America Corporation
    --  Remy International Inc.
    --  Robert Bosch GmbH
    --  Stanley Electric Co. Ltd.
    --  Sumitomo Wiring Systems Ltd.
    --  TE Connectivity Ltd.
    --  Valeo SA
    --  Yazaki Corporation

For more information about this report visit https://www.researchandmarkets.com/r/sduf6s

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