Middle East and Africa Automotive LED Lighting Market Trends

Statistics for the 2023 & 2024 Middle East and Africa Automotive LED Lighting market trends, created by Mordor Intelligence™ Industry Reports. Middle East and Africa Automotive LED Lighting trend report includes a market forecast to 2030 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Market Trends of middle east and africa automotive led lighting Industry

The LED market is driven by government regulations and initiatives to encourage the purchase of EVs

  • The total automobile vehicle production across Middle East and African countries was 2.33 million units in 2022, and it was expected to reach 2.45 million units in 2023. The Middle East and Africa were not exempt from the COVID-19 pandemic's effects, with the automobile industry seriously impacted. In March 2020, sales of automobiles in Saudi Arabia fell by 35–40%. As a result of shutdowns and falling oil prices, the UAE's auto industry also experienced a steep decline in the same period, with car sales falling by 45–50% in March 2020. The GCC region had a 70% reduction in periodic maintenance in March 2020 alone and a staggering 50% decline in automotive part sales in the same month. The automotive market in South Africa declined by 2.8% to 536,626 vehicles, confirming a nearly ten-year trend of continuous declines. Overall, the auto industry's use of LED lights was negatively impacted by the fall in output of vehicles and auto parts.
  • The Middle East and African electric vehicle (EV) market is still in its early phases but is already exhibiting encouraging signs of expansion. Governments of regional countries are enacting regulations to encourage the use of EVs as they realize the need to minimize their carbon footprints. For instance, the United Arab Emirates, Saudi Arabia, Bahrain, and Oman have already declared their net-zero goals. In addition, several nations in the region are providing subsidies and tax breaks to encourage the purchase of electric vehicles. The demand for LED lighting is anticipated to increase because EVs offer tremendous potential for growth in the regional market.
Middle East and Africa Automotive LED Lighting Market

Government initiatives and strategic partnerships to boost the EV industry in the region

  • EV adoption across the Middle East is growing rapidly. EV charging stations in the UAE had risen by nearly 60% Y-o-Y by the start of 2023. Electric vehicle sales are increasing rapidly in the UAE, with EVs making up more than 1% of the country's overall car market. Adnoc Distribution and Abu Dhabi National Energy Company (TAQA) agreed to form E2GO, a mobility joint venture, in early 2023 to build and operate EV infrastructure in Abu Dhabi and the wider UAE. By 2028, EV demand is expected to increase by 30% each year.
  • In Line with Vision 2030, the Saudi Green Initiative (SGI) was announced in 2021. Some of the primary goals of this initiative are to boost sales of EVs in the country and ensure that at least 30% of cars are electrified by 2030. Further, in alignment with SGI, the government announced an agreement with US automaker LUCID Group in 2022 to purchase at least 50,000 EVs (up to 100,00 over the next ten years) with a goal of electrifying its fleet.
  • Electric vehicle sales in South Africa in Q1 2023 had already surpassed more than half of the previous year’s total sales. Further, 4,764 NEVs were sold in South Africa in 2022, compared to 896, 324, and 407 in 2021, 2020, and 2019, respectively. Although the electric vehicle market in Africa is at a nascent stage, various key players are trying to establish new charging stations to support EV adoption in the region. In February 2023, Audi South Africa, in partnership with Rubicon, an EV charging solution provider, brought 43 additional EV charging stations online across the country. Thus, the above instances lead to the development and production of new power stations because of the growing demand for EVs, which boosts the demand for automotive LEDs in the region.
Middle East and Africa Automotive LED Lighting Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Increase in household size to bolster the growth of LED usage in the region
  • Low interest rates and attractive repayment terms by banks bolstering the growth of the LED market
  • Replacement of conventional lights and removal of inefficient electronic appliances to drive the growth of LED lights
  • Technological innovations and government initiatives to drive the growth of the LED market
  • Commercial property grew by 66% in 2021, indicating higher sales of LED lights
  • Surge in electric vehicles to drive the LED market’s growth
  • Increasing population and energy sustainability campaign to promote higher use of LED lights
  • Sustainability campaign and ban of traditional light bulbs to contribute to sales of LED lights

Middle East and Africa Automotive LED Lighting Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1 Study Assumptions & Market Definition

    2. 3.2 Scope of the Study​

    3. 3.3 Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1 Automotive Production

    2. 4.2 Population

    3. 4.3 Per Capita Income

    4. 4.4 Interest Rate For Auto Loans

    5. 4.5 Number Of Charging Stations

    6. 4.6 Number Of Automobile On-Road

    7. 4.7 Total Import Of LEDs

    8. 4.8 # Of Households

    9. 4.9 Road Networks

    10. 4.10 LED Penetration

    11. 4.11 Regulatory Framework

      1. 4.11.1 Gulf Cooperation Council

      2. 4.11.2 South Africa

    12. 4.12 Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 5.1 Automotive Utility Lighting

      1. 5.1.1 Daytime Running Lights (DRL)

      2. 5.1.2 Directional Signal Lights

      3. 5.1.3 Headlights

      4. 5.1.4 Reverse Light

      5. 5.1.5 Stop Light

      6. 5.1.6 Tail Light

      7. 5.1.7 Others

    2. 5.2 Automotive Vehicle Lighting

      1. 5.2.1 2 Wheelers

      2. 5.2.2 Commercial Vehicles

      3. 5.2.3 Passenger Cars

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Key Strategic Moves

    2. 6.2 Market Share Analysis

    3. 6.3 Company Landscape

    4. 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)

      1. 6.4.1 Auxbeam Lighting

      2. 6.4.2 GRUPO ANTOLIN IRAUSA, S.A.

      3. 6.4.3 HELLA GmbH & Co. KGaA (FORVIA)

      4. 6.4.4 HYUNDAI MOBIS

      5. 6.4.5 Marelli Holdings Co., Ltd.

      6. 6.4.6 OSRAM GmbH.

      7. 6.4.7 Signify (Philips)

      8. 6.4.8 Valeo

  7. 7. KEY STRATEGIC QUESTIONS FOR LED CEOS

  8. 8. APPENDIX

    1. 8.1 Global Overview

      1. 8.1.1 Overview

      2. 8.1.2 Porter’s Five Forces Framework

      3. 8.1.3 Global Value Chain Analysis

      4. 8.1.4 Market Dynamics (DROs)

    2. 8.2 Sources & References

    3. 8.3 List of Tables & Figures

    4. 8.4 Primary Insights

    5. 8.5 Data Pack

    6. 8.6 Glossary of Terms

Middle East and Africa Automotive LED Lighting Market Report Snapshots