Automotive Halogen Headlights Market: USD 1.76 Bn
The market is driven by the lower cost benefits of halogen headlights over other headlight types. Halogen headlights are both cost-effective and long-lasting.
A typical halogen headlight bulb has an over 100-hour work life, and its replacement cost is just $15-$30, which is significantly lower than LEDs, that cost around $100. They also consume less space than others, which makes them ideal for entry-level cars. Many such benefits are driving the demand for halogen headlamps, thereby driving the growth of the market.
The growing demand for automobiles in emerging economies will also boost the growth of the market during the forecast period. However, the increasing popularity of LED and laser headlights will reduce the growth potential in the market.
No comments: