Current Demand and Developing Trends in the GCC Automotive Lighting Market – MarkNtel Advisors

GCC Automotive Lighting Market research report by Markntel Advisors is an accurate, unbiased, and reliable comprehension and study of data obtained from trustworthy and factual sources to equip the stakeholder with a well-researched and detail-driven report regarding the fluctuations in the industry.

The report aims to provide detailed information about the nooks and crannies of the industry and scrutinize all the industry’s features, factors, and elements that promise fluctuations to the market growth, including possible restraints points and more.

The Key Points Covered in The Report:

• The report is compiled systematically and methodically, with each section neatly covering its essence and influence in the market. Likewise, the report provides a credible selection of market dynamics consisting of the following major pillars of the industry’s study.
  • Market Drivers
  • Market Restraints
  • Growth Opportunities
  • Challenges
• A separate section to provide the impact of COVID-19 on the market to better grasp the fluctuation during and after the pandemic. 
• Elaborated information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, technological advancement, the further scope for improvement, applications, and more. 

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Dynamics of Market -

Market Geographical Dividation – The research report geographically covers: -

• The UAE
• Saudi Arabia
• Oman
• Bahrain
• Kuwait
• Qatar

Market Driver: Escalating Demand for Electric Vehicles Boosted the Sales of Automotive Lighting

The demand for electric vehicles are increasing considerably across the GCC countries like the UAE, Saudi Arabia, etc., during the past few years, which has enhanced the sales of automotive lighting. The major factor contributing to the enhanced adoption of an electric vehicles is the advancing charging infrastructure across these countries. Several companies like Siemens, ABB E-mobility, etc. have been installing electric charging infrastructures across the region, which is enhancing the adoption of EVs among consumers. For instance,

• In 2023, GO TO-U and FYSH EVC LLC are partnering to provide a seamless charging experience across Dubai, to improve its charging infrastructure.

Market Growth Restraints: Shortage of Semiconductor Chip to Hamper the Sales of Automotive Lighting across GCC

The global shortage of semiconductors especially initiated during Covid-19 due to the reduction in wafer fabrication units has negatively impacted the manufacturing & sales of vehicles in GCC region over the past few years. With the reduction in the manufacturing & sales of vehicles, the demand for automotive lighting also decreased substantially across the GCC region during the historical years. During Covid-19, most companies involved in wafer fabrication of semiconductor chips like Global Foundries, United Microelectronics Corporation (UMC), etc., had paused their procedure due to the lack of demand for the same. This has negatively affected the supply & sales of automobiles in the GCC region, during 2020-2021, as semiconductor chips are an integral part of vehicles

Analysis of Market Leading Companies

This report section covers the area in combination with an exhaustive compilation of the key players and market participants in the market, fuelling, stimulating, and regulating the industry. In addition, the report covers the business strategies, plans, initiatives, profit/loss study, mergers & acquisitions, product launches, modifications, and more to equip the stakeholder with calculative tools towards yielding higher profits. Thus, for the GCC Automotive Lighting market, the top market participants include: -

• Hella Middle East
• OSRAM Middle East
• Koito Manufacturing Co. Ltd
• Hyundai Mobis
• Robert Bosch GmbH
• Koninklijke Philips N.V.
• Denso Corporation
• Magneti Marelli S.p.A.
• SABIC
• Valeo
• Others

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Segmental Division of the Market

The market is highly divaricated and bifurcates into various segments. These bifurcations are represented in the report grouped on the basis of a common element, and thus further investigation is performed. Furthermore, the report provides data on each high-performer segment in each group of features and information about the reasons behind the part acquiring a higher share or flourishing more in the industry. Thus, a deep analysis of various market elements is presented by categorizing the segments. As a result, the market is spread in the following:

By Technology

• Halogen
• LED
• Xenon

By Application

• Front/Headlights
• Rear
• Side
• Interior Disposable

By Vehicle Type

• Two Wheelers
• Passenger Cars
• Commercial Vehicles
  • Light Commercial Vehicles
  • Medium & Heavy Commercial Vehicles

By Demand Type

• OEMs
• Aftermarket

Choose Us, And Get Your Personalized Customized Report

The analysts provide customization offers, so the stakeholder can customize and personalize the report to their needs and wants. The analysts focus on the required elements and sculpt the study according to the wishes of the stakeholders. Additionally, the research report focuses on the systematic organization of data, with each section divided into chapters and further classifications to present an easy, time-saving, and smoothly navigable study. The elements surrounding and shaping the GCC Automotive Lighting industry, including the industry’s profit-loss cycle, major and minor acquisitions and external factors, current trends, and more, are included in the study report.

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