Global Automotive Headlamp Reflector Market is expected to reach US$ 1250Mn by 2026 from US$ 745Mn in 2017 at CAGR of 6.68%.
The headlamp reflector directs the random light rays of the light bulb into a focussed beam of light. It involves a layer of silver, chrome, or aluminium deposited on a smooth and polished brass or glass surface. The outer surface of this layer presently blemishes in the air. Organic growth in automobile production, driven by increasing disposable income and rising urbanization is the major growth driver of the global automotive headlamp reflector market. Other noticeable drivers of the market are the growing demand for LED headlamps and advancement in materials.
Based on the vehicle type, passenger vehicles segment is expected to be the growth engine of the global automotive headlamp reflector market. Growing disposable income and fewer fluctuations in fuel prices have enabled a large section of the population to purchase passenger vehicles for day to day use. This segment is expected to push the growth of the global automotive headlamp reflector market.
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In terms of manufacturing process type, an Injection moulding process is likely to continue the most dominant process in the global automotive headlamp reflector market during the next five years. The auto industry looks for those manufacturing processes that have an ability to fabricate a final part in merely one to two minutes. Injection moulding is an ideal process for the mass production of small- to medium-sized complex and sharp parts.
On the basis of light type, LED lighting solutions segment is leading the global automotive headlamp reflector market during the forecast period. LED headlamp reflectors have a longer lifespan and are abler compared to other lighting solutions used in automobiles. Halogen headlamp reflectors emit a constant spectrum of light with higher power efficacy and colour temperature. Additional, xenon headlamp reflectors emit light that is close to that of natural sunlight and therefore helps in stimulating automobiles.
In terms of region, Asia-Pacific is expected to continue the largest headlamp reflector market during the forecast period. The region is also expected to make the maximum opportunities over the next five years, driven by mainly China and India. The market dynamics of headlamp reflector in the Asia-Pacific region are broadly categorized into two markets. The first is the matured automotive market, such as Japan and South Korea, where demand for headlamp reflectors has been decreasing owing to the shift of automotive production to the developing economies. The second is developing economies, for instance, China and India, where the demand for headlamp reflector is continuously increasing with the rise in automobile production.
Key players operating in the global automotive headlamp reflector market, Hella KGAA Hueck & Co, Hyundai Mobis, Ichikoh Industries, Ltd., Koito Manufacturing Co. Ltd., Magneti Marelli S.P.A, Stanley Electric Co., Ltd., Bosch Limited, Federal-Mogul Powertrain, Winjet Automotive Inc., Koninklijke Philips N.V., OSRAM GmbH.
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Scope of the Global Automotive Headlamp Reflector Market
Global Automotive Headlamp Reflector Market, by Vehicle type
• Passenger Car
• Light Commercial Vehicle
• Medium- & Heavy-Duty Commercial Vehicle
Global Automotive Headlamp Reflector Market, by Light type
Global Automotive Headlamp Reflector Market, by Material type
Global Automotive Headlamp Reflector Market, by Manufacturing Process Type
• Compression moulding
• Injection moulding
Global Automotive Headlamp Reflector Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key Players Operating in the Global Automotive Headlamp Reflector Market
• Hella KGAA Hueck & Co
• Hyundai Mobis, Ichikoh Industries, Ltd.
• Koito Manufacturing Co. Ltd.
• Magneti Marelli S.P.A
• Stanley Electric Co., Ltd.
• Bosch Limited
• Federal-Mogul Powertrain
• Winjet Automotive Inc.
• Koninklijke Philips N.V.
• OSRAM GmbH.
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MAJOR TOC OF THE REPORT
Chapter One: Automotive Headlamp Reflector Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Automotive Headlamp Reflector Market Competition, by Players
Chapter Four: Global Automotive Headlamp Reflector Market Size by Regions
Chapter Five: North America Automotive Headlamp Reflector Revenue by Countries
Chapter Six: Europe Automotive Headlamp Reflector Revenue by Countries
Chapter Seven: Asia-Pacific Automotive Headlamp Reflector Revenue by Countries
Chapter Eight: South America Automotive Headlamp Reflector Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Automotive Headlamp Reflector by Countries
Chapter Ten: Global Automotive Headlamp Reflector Market Segment by Type
Chapter Eleven: Global Automotive Headlamp Reflector Market Segment by Application
Chapter Twelve: Global Automotive Headlamp Reflector Market Size Forecast (2019-2026)
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