Automotive Lighting Global Market Report 2022: Market Size, Trends, And Forecast To 2026
The Business Research Company’s Automotive Lighting Global Market Report 2022: Market Size, Trends, And Forecast To 2026
LONDON, GREATER LONDON, UK, September 21, 2022 /EINPresswire.com/ — As per The Business Research Company’s “Automotive Lighting Global Market Report 2022”, the automotive lighting market is expected to grow from $11.96 billion in 2021 to $25.77 billion in 2022 at a compound annual growth rate (CAGR) of 12.2%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The automotive lighting market is expected to reach $39.03 billion in 2026 at a CAGR of 10.9%. During the forecast period, a growing emphasis on road safety will contribute to the growth of automotive lighting market.
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Key Trends In The Automotive Lighting Market
Companies in the automotive lighting market are investing heavily to develop fog-free lamps. This automotive lighting resolves fog issues and also…
