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Auto Parts Market LED lighting really take off?
- Jan 15, 2018 -

LED lighting is one of the hot topics in the LED market, according to statistics show that China's new car sales from 2014 to 23 million-24 million vehicles to 25 million in 2015, 2016 to 28 million vehicles, is expected to reach 29 million sales in 2017. The market share of Chinese carmakers, including Great Wall, Changan, Geely, Jianghuai and Zhongtai, increased from around 20% in 2013-2014 to more than 40% in 2016-2017.


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LED car lighting market growth rate of the year, but the automobile supply chain industry ecology is conservative, the product attestation time is longer, the current automobile original component supply mostly by a few international monopoly company, although the Taiwan factory intentionally breaks through the fence, but the supply proportion is still limited, and after the vehicle maintenance market entry threshold is lower, More favorable to the new operators to cut into the supply chain, recently, Mainland led industry such as Kousin, Hong-Li has been actively grabbed, and the mainland lamp factory formed a strategic alliance, and the Taiwan led factory such as billion light, Longda, Eddie Sen, Lian Ka, etc. also continued to layout, will have the opportunity to rob opportunities.


Industry insiders predict that with the continued growth of China's auto market in 2014-2017, the replacement demand for LED lighting in auto parts market is expected to take off in 2018 years, LED lamp market will grow rapidly, headlamps, taillights and daytime traffic lights (DRL) are the most popular products.


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Lamp maintenance Market to the principle of reasonable price and easy to replace the maintenance, the replacement LED headlights will have the advantage of this aspect of the product size and the joint and the traditional light source to be consistent, will stimulate both parties to change to the LED head lamp will.

LED headlights in 2017 production value is 338 million U.S. dollars, to 2020 will be the exhibition to 369 million U.S. dollars, 2016-2020 composite growth rate of 10%.


However, the huge market potential of China's led car lighting market will attract many manufacturers, which could lead to a price war.

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