Daytime Running Lights Market Research Report and Forecast up to 2025 Daytime Running Lights Market - Global Industry An | Page 2

Rising concern for road safety and increasing stringent automobile standards and
guidelines are the major driving factors for the daytime running lights market.
Daytime running lights ensure better visibility of vehicles in low light and extreme
weather conditions, thereby improving the safety of people and driver. Moreover,
increasing production of vehicles fitted with daytime running lights is also set to
bolster the growth of this market globally. In terms of market revenue share, Asia
Pacific is expected to hold the largest share by the end of forecast period followed
by Europe, North America, Latin America and, Middle East and Africa.
The report also provides company market share analysis of the various industry
participants. Acquisition is the main strategy being widely followed by leading
market players. In case of an acquisition, the acquirer takes advantage of existing
synergies. As a result, both companies are expected to emerge more profitable and
stronger than before. Key players in the global daytime running lights market have
been profiled and their company overview, financial overview, business strategies
and recent developments have been covered in the report. Major market
participants profiled in this report include: Advanced Lighting Technologies Inc. (US),
Biketronics Inc. (Russia), Custom Dynamics(r), LLC (US), Custom LED LLC (US),
Federal-Mogul Corporation (US), Flextronics International (Singapore), Hella KGaA
Hueck & Co. (Germany), Changchun Hella Automotive Lighting Co., Ltd (China), and
Ichikoh Industries Ltd. (Japan) among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections about market size. The
projections featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report serves as a
repository of analysis and information for every facet of the market, including but
not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
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Supply and demand
Market size
Current trends/opportunities/challenges
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