Overview of the Global Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

The global market for electrical lighting or visual signaling equipment for motor vehicles and cycles amounted to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the global market remained at a lower figure.

Production of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

In value terms, lighting equipment for motor vehicles production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, global production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports

Global lighting equipment for motor vehicles exports declined slightly to X units in 2022, which is down by X% compared with the previous year's figure. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the global exports attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, lighting equipment for motor vehicles exports rose modestly to $X in 2022. Overall, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

China was the major exporting country with an export of around X units, which resulted at X% of total exports. South Korea (X units) held the second position in the ranking, followed by Mexico (X units), Japan (X units) and Taiwan (Chinese) (X units). All these countries together held near X% share of total exports. The following exporters - the Czech Republic (X units), the United States (X units), Germany (X units), the UK (X units), Slovakia (X units), Morocco (X units), France (X units) and India (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Morocco (X%), South Korea (X%), the UK (X%), Mexico (X%), Japan (X%), India (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, the United States (X%), France (X%), the Czech Republic (X%) and Germany (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.), China (X p.p.), Mexico (X p.p.), Japan (X p.p.), Morocco (X p.p.) and the UK (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of France (X p.p.), the United States (X p.p.), the Czech Republic (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lighting equipment for motor vehicles supplying countries worldwide were China ($X), Germany ($X) and Mexico ($X), together comprising X% of global exports. Taiwan (Chinese), the United States, the Czech Republic, Slovakia, South Korea, France, Japan, the UK, Morocco and India lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Morocco, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for electrical lighting or visual signaling equipment for motor vehicles and cycles amounted to $X per unit, surging by X% against the previous year. In general, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lighting equipment for motor vehicles export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The global export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other global leaders experienced more modest paces of growth.

Imports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports

After six years of growth, overseas purchases of electrical lighting or visual signaling equipment for motor vehicles and cycles decreased by X% to X units in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then dropped in the following year.

In value terms, lighting equipment for motor vehicles imports shrank modestly to $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

The United States represented the largest importing country with an import of about X units, which amounted to X% of total imports. India (X units) held the second position in the ranking, followed by Germany (X units) and China (X units). All these countries together took approx. X% share of total imports. Brazil (X units), Spain (X units), France (X units), Italy (X units), Colombia (X units), the Netherlands (X units) and Russia (X units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to lighting equipment for motor vehicles imports into the United States stood at X%. At the same time, India (X%), Colombia (X%), Spain (X%), Italy (X%), the Netherlands (X%), China (X%), France (X%), Brazil (X%) and Russia (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Germany experienced a relatively flat trend pattern. While the share of the United States (X p.p.) and India (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lighting equipment for motor vehicles importing markets worldwide were the United States ($X), Germany ($X) and China ($X), with a combined X% share of global imports. Spain, France, Italy, Brazil, the Netherlands, India, Russia and Colombia lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $X per unit in 2022, standing approx. at the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X%. Global import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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