The hottest LED lighting auto parts market in Chin

In 2018, China's LED lighting auto parts market may explode

the growth momentum of the mainland new car market slowed down in 2017. However, with the mainland car market ranking first in the world in recent years, it has laid a huge replacement demand for the after car maintenance market. The LED industry is optimistic that after 2018, the after car maintenance market will enter a rapid explosion growth period, including the first wave of replacement demand for taillights, interior lights, situational lights, etc, In the future, there will be double growth

due to the improvement of people's consumption power in the mainland, the sales market of new cars in the mainland began to take off in 2014. According to statistics, the sales volume of new cars in China increased from 23million to 24million in 2014 to 25million in 2015, increased to 28million in 2016, and is expected to reach 29million in 2017. The market share of Chinese automobile manufacturers, including Great Wall Motors, Chang'an motors, Geely motors, JAC motors and Zhongtai motors, increased from about 20% in 2013-2014 to more than 40% in 2016-2017

as consumers pay more attention to driving safety and the demand for better road lighting increases, the growth of automotive lighting market is further promoted. The technologically advanced automotive lighting system can prevent glare, and use infrared and ultraviolet lights to identify obstacles. Moreover, suppliers in the market continue to introduce signal lights that can adapt to changes in environmental conditions and respond to emergency braking

the new trend of automotive lighting market has brought new opportunities to enterprises, especially in the field of lighting equipment. Environmental lighting is one of them. It can be installed on the vehicle to create a different experience and make users happy physically and mentally

the global automotive lighting market can be technically divided into halogen lamps, LED lamps, and xenon lamps

according to the 2017 LED automotive lighting industry Market Research Report (hereinafter referred to as the report) of OFweek Industry Research Center, the penetration rate of domestic LED lamps in 2016 was about 10% - 15%, and the overall market scale of LED lamps exceeded 5billion yuan. According to the LED lamp penetration rate of 60% in 2022, the compound growth rate of sales in the domestic automotive market in the next few years is estimated to be 5%. By 2022, the market scale of domestic LED lamps is expected to reach 76.6 billion yuan

led automotive lighting market growth rate has increased year by year, but the industrial ecology of the automotive supply chain is conservative, and the product certification time is long. At present, the component supply of the original automobile factory is mostly monopolized by a few large international manufacturers. Although Taiwan manufacturers intend to accelerate the cooling of gear samples to break through the barrier, the supply ratio is still limited, and the entry threshold of the rear vehicle maintenance market is low, which is more conducive to the new entrant Zheng Yueming to enter the supply chain, Recently, LED manufacturers in the mainland such as Guoxing and Hongli have actively entered the market and formed a strategic alliance with mainland light manufacturers. Taiwan LED manufacturers such as Yiguang, Longda, Addison, Lianjia, etc. also continue to layout, which will have the opportunity to seize business opportunities

although the aftermarket maintenance market in mainland China will show a multiple growth, various operators will rush in, which will cause the initial products to fall into a mixture of good and bad, and the price competition will lead to profits that are not as good as expected by the outside world, which will challenge the myth that automotive led orders will bring higher gross profit margin. It is expected that next, it will enter a new round of industrial elimination, Test the cost control and technology of all operators, and their rich technical accumulation ability in mold and automation