Albany, NY -- (SBWIRE) -- 09/17/2014 -- Global and China Automotive Lighting Industry Report, 2013-2014 covers the followings:

Global automotive industry and market
China automotive industry and market
Automotive lighting technology trends and LED industry
Automotive lighting market and industry
18 automotive lighting companies
The global automotive lighting market size hits approximately USD26 billion (including USD21.2 billion generated by OEM) in 2014, representing an increase of 8.8% over 2013. The growth of the OEM market is mainly driven by two factors:

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First, the automobile shipment in China and the United States surges, especially the Chinese market has still maintained the growth rate of about 10% after the high-speed growth in 2013. Second, the extensive use of xenon lamps and LED raises the unit price.

By 2015, China’s economy will slow down further, so that the automotive market can not continue to grow at 10%, whilst the American market will also decelerate. The global automotive lighting market is estimated to be USD27.6 billion in 2015, up 6.2%.

The most important automotive lighting parts - headlights are commonly divided into the following categories.
20120114.gifFirst, halogen high and low beams equipped with reflecting bowls for most low-end automobile models.
20120114.gifSecond, halogen high beams combined with reflecting bowls as well as xenon low beams installed with single projector lens adopted by Japanese and US-based mid-range cars due to low costs.
20120114.gifThird, xenon high and low beams equipped with bi-xenon projectors used by German mid-range cars extensively.
20120114.gifFourth, LED lights suitable for a small amount of top cars (such as Audi R8 and Mercedes-Benz S series) and a few mid-range cars.
20120114.gifFifth, halogen high and low beams, but high beams combined with projector lens.

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In the global market, the second and third categories will seize 10% share each, while the fourth category 7% in 2016. However, unique Chinese consumers are keen on new technology and the luxury car sales volume growth rate is much higher than low-end models under the context of exacerbated wealth disparity, so the proportion of xenon lamps in China exceeds the global average level. The second category is expected to occupy about 13% share and the third category 14% in 2016.

The fast-growing Chinese market has stimulated producers to conduct massive capacity expansion. Hella’s Jiaxing Plant went into production in April 2014 and is expected to realize the design capacity (3 million headlights and 1.8 million taillights annually, including halogen, xenon and LED lights) in 2016, which doubles the current capacity.

The world's largest automotive lighting company Koito invested in building its third base in Xiaogan of Hubei Province in September 2014, following the ones in Shanghai and Guangzhou. The new base is expected to be put into operation in July 2016.

Valeo's Shenyang Plant will begin to run in December 2014, with the investment of USD100 million.

In early 2014, Magneti Marelli and CSGC Hubei Huazhong Photoelectric Science and Technology Co., Ltd, signed a a 50/50 joint venture agreement for the production of headlamps and rear lamps in Xiaogan, Hubei for motor vehicles in China. According to the planning, the production will commence in Q1 2015.

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