Automotive Lighting Industry 2017 Market Trends 2020 Automotive Lighting Industry: 2017 Global Market | Page 3

Automotive Lighting Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecasts 2017 – 2020
Valeo, after taking over the control of Ichikoh Industries via a more than 50% stake acquisition,
reshaped the latter and boosted its performance with the revenue for FY2017 climbing by 24% and
operating profit nearly doubling. Despite its surpassing over Hella and Automotive Lighting to be the
world’s second largest automotive lighting company, Valeo still earned less than half what Koito
makes. With the number of employees going up from 5,700 to 7,500, ZKW gave an excellent
performance, snatching many orders from Automotive Lighting and raising its revenue by 25%. Dalian
plant performed exceptionally well.
The Chinese automotive lighting market was USD 6.5 billion in 2016, and is projected to reach USD7.5
billion in 2017 and USD9.6 billion in 2020. Car sales saw the highest growth rate in 2016 in China;
both JV and local Chinese brands underline car appearance and LED can help add flexibility to
appearance design and enhance the sense of technology, more LED headlamps are used. However,
most of orders went to Koito.
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