Global Side Marker Lights Market Insights and Forecast to 2028

Side marker lights are illumination devices attached to the front and rear sides of motorized vehicles and trailers. They function as auxiliary safety lights that can be seen by other drivers when the vehicle operator turns on the headlights. They are standard equipment on most vehicles and can also be purchased and installed as aftermarket options.
Market Analysis and Insights: Global Side Marker Lights Market
Due to the COVID-19 pandemic, the global Side Marker Lights market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Carbon Filament Bulb accounting for % of the Side Marker Lights global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Passenger Vehicle segment is altered to an % CAGR throughout this forecast period.
China Side Marker Lights market size is valued at US$ million in 2021, while the US and Europe Side Marker Lights are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Side Marker Lights landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Side Marker Lights include Hella, Magneti Marelli, Valeo, Philips, OSRAM, Koito, Stanley Electric, ZKW Group and Peterson Manufacturing Company and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Side Marker Lights capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Side Marker Lights by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Side Marker Lights Scope and Segment
Side Marker Lights market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Side Marker Lights market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Carbon Filament Bulb
LED
Segment by Application
Passenger Vehicle
Commercial Vehicle
By Company
Hella
Magneti Marelli
Valeo
Philips
OSRAM
Koito
Stanley Electric
ZKW Group
Peterson Manufacturing Company
Maxxima
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

Frequently Asked Questions