Market Size of uk automotive led lighting Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 299.13 Million |
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Market Size (2030) | USD 408.58 Million |
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Largest Share by Automotive Utility Lighting | Headlights |
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CAGR (2024 - 2030) | 5.33 % |
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Fastest Growing by Automotive Utility Lighting | Reverse Light |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
UK Automotive LED Lighting Market Analysis
The UK Automotive LED Lighting Market size is estimated at 299.13 million USD in 2024, and is expected to reach 408.58 million USD by 2030, growing at a CAGR of 5.33% during the forecast period (2024-2030).
299.13 Million
Market Size in 2024 (USD)
408.58 Million
Market Size in 2030 (USD)
-7.91 %
CAGR (2017-2023)
5.33 %
CAGR (2024-2030)
Largest Segment by Automotive Utility Lighting
40.24 %
value share, Headlights, 2023
The total automobile vehicle production in United Kingdom was 0.98 million units in 2022, and it is expected to reach at 1.02 million units in 2023.
Largest Segment by Automotive Vehicle Lighting
91.10 %
value share, Passenger Cars, 2023
The automotive industry seen a significant growth in 2023, with registrations up 11.6% and 132,990 new cars sold, April 2023 marked the ninth consecutive month of growth for the UK new car market.
Fastest-growing Segment by Automotive Utility Lighting
5.35 %
Projected CAGR, Reverse Light, 2024-2030
The total sales of LEDs in this category is expected to reach USD 14.2 million by 2023. Growth in commercial vehicles due to rise in logistics in the country drive the market demand.
Fastest-growing Segment by Automotive Vehicle Lighting
5.46 %
Projected CAGR, Passenger Cars, 2024-2030
Increasing government grants to promote EVs in the nation would raise EV sales, enhancing the usage of LED lighting in the passenger car segment.
Leading Market Player
13.04 %
market share, Marelli Holdings Co., Ltd., Ltd.
Marelli Holdings Co., Ltd has the highest market share in United Kingdom. The company has partnerships with high end luxury brand cars such as Mercedes, Peugeot, and others.
Growth in the commercial vehicle is driven by the rising demand for logistics services in the country
- According to market research, headlights had the highest value share in 2023, followed by other lights and daytime running lights. The market share for directional signal lights and stoplights is expected to remain the same during the forecast period. Daytime running lights have led to a decrease in daytime accidents and fatalities in the United Kingdom by up to 6%. However, the use of DRLs is expected to cause a 0.5% increase in CO2 emissions and fuel consumption, which is expected to be less when using LED lights instead of filament light sources.
- In terms of volume share, directional signal lights accounted for the majority in 2023, followed by headlights and other lights. The market share for these lights is expected to remain stable with little to no fluctuation. The United Kingdom has seen an increase in logistical facilities over the last decade, with the Midlands and other areas with a high concentration of warehousing and logistics companies expanding in recent years. The need for more warehouse space has been driven by companies across various industries adapting to the COVID-19 outbreak and Brexit. As logistics have grown, so has the demand for commercial vehicles, which, in turn, has increased the use of LEDs in the automotive industry.
- The UK government is promoting the use of LED lighting, and adaptive lighting is becoming more popular. Adaptable LED headlights are now a standard feature on many new automobiles sold in the UK. Incentives offered by the government to manufacturers and consumers to promote electric vehicles would help increase the penetration of LEDs in the auto industry.
Understand The Key Trends Shaping This Market
