PUBLISHER: Acute Market Reports | PRODUCT CODE: 1134310

PUBLISHER: Acute Market Reports | PRODUCT CODE: 1134310

Check Engine Light Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030

PUBLISHED: August 12, 2022

PAGES: 116 Pages

DELIVERY TIME: 1-2 business days

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Growing Awareness and Importance of Vehicle Safety and Security Is Driving the Check Engine Light Market

Globally, the check engine light market is projected to grow with a CAGR of 5.5% during the forecast period from 2022 to 2030. The check engine light in a vehicle is set up to warn the drivers about the problems or issues with the engine of the vehicle. Check engine light is a computerized system, which keeps a track of the engine and notify about any malfunctions caused to the engine. It is considered a diagnostic tool that increasingly help in maintaining the performance of the vehicle, engine speed, and ignition time.

The automotive industry is going through a phase of technological transition where all the systems are being connected with computers or an automated electronic system. The modern check engine lights are also automated in a way to notify the issues with the vehicle. Factors such as increasing safety concerns of the vehicles, technological advancements, developments in the automotive industry are the primary factors driving the growth of this market. However, factors such as reliability on the lights, and technical issues are likely to affect the growth of the market during the forecast period.

Passenger Cars Segment Dominated the Application Market

Based on application, the check engine light market was led by passenger cars, which held around 55% of the overall revenue generated. As the number of passengers cars are increasing across the globe, the demand for check engine lights is gradually increasing. Furthermore, growing importance of safety of commercial vehicles is expected to enhance the market for check engine lights in the commercial vehicles.

North America Dominated the Market by Region

In 2020, North America led the global check engine light market by holding a market share of over 40% of the total revenue generated. Development in the automotive industry, growing adoption of personal as well as commercial vehicles, and stringent regulations regarding on road safety of the vehicles are the major factors contributing to the growth of this market. However, Asia-Pacific is projected to grow at a significant rate during the forecast period, based on increasing awareness and changing regulatory policies in the automotive industry.

Some of the prominent players operating in the check engine light market include OSRAM, Yeolight Technology, Hella, Konica Minolta Pioneer, ZKW, Stanley, Astron FIAMM, Magneti Marelli, and Koito.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Check Engine Light market are as follows:

Research and development budgets of manufacturers and government spending

Revenues of key companies in the market segment

Number of end users and consumption volume, price and value.

Geographical revenues generate by countries considered in the report

Micro and macro environment factors that are currently influencing the Check Engine Light market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS

Research Period 2020-2030

Base Year 2021

Forecast Period 2022-2030

Historical Year 2020

Unit USD Million

Segmentation

Type

Intermittent CEL

Continuous CEL

Application

Passenger Cars

Commercial Vehicles

Region Segment (2020-2030; US$ Million)

North America

U.S.

Canada

Rest of North America

UK and European Union

Germany

Spain

Italy

France

Rest of Europe

Asia Pacific

China

Japan

India

Australia

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East and Africa

GCC

Africa

Rest of Middle East and Africa

Global Impact of COVID-19 Segment (2020-2021; US$ Million )

Pre COVID-19 situation

Post COVID-19 situation

Key questions answered in this report:

What are the key micro and macro environmental factors that are impacting the growth of Check Engine Light market?

What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?

Estimated forecast and market projections up to 2030.

Which segment accounts for the fastest CAGR during the forecast period?

Which market segment holds a larger market share and why?

Are low and middle-income economies investing in the Check Engine Light market?

Which is the largest regional market for Check Engine Light market?

What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?

Which are the key trends driving Check Engine Light market growth?

Who are the key competitors and what are their key strategies to enhance their market presence in the Check Engine Light market worldwide?

Product Code: 138999-08-22

1. Preface

1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted

2. Executive Summary

2.1. Market Snapshot: Global Check Engine Light Market
2.2. Global Check Engine Light Market, By Type, 2021 (US$ Million)
2.3. Global Check Engine Light Market, By Application, 2021 (US$ Million)
2.4. Global Check Engine Light Market, By Geography, 2021 (US$ Million)
2.5. Impact of Covid 19
2.6. Attractive Investment Proposition by Geography, 2021
2.7. Competitive Analysis
- 2.7.1. Market Positioning of Key Check Engine Light Market Vendors
- 2.7.2. Strategies Adopted by Check Engine Light Market Vendors
- 2.7.3. Key Industry Strategies

3. Check Engine Light Market: Business Outlook & Market Dynamics

3.1. Introduction
3.2. Global Check Engine Light Market Value, 2020 - 2030, (US$ Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape

4. Check Engine Light Market: By Type, 2020-2030, USD (Million)

4.1. Market Overview
4.2. Growth & Revenue Analysis: 2021 Versus 2030
4.3. Market Segmentation
- 4.3.1. Intermittent CEL
- 4.3.2. Continuous CEL

5. Check Engine Light Market: By Application, 2020-2030, USD (Million)

5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
- 5.3.1. Passenger Cars
- 5.3.2. Commercial Vehicles

6. North America Check Engine Light Market, 2020-2030, USD (Million)

6.1. Market Overview
6.2. Check Engine Light Market: By Type, 2020-2030, USD (Million)
6.3. Check Engine Light Market: By Application, 2020-2030, USD (Million)
6.4.Check Engine Light Market: By Region, 2020-2030, USD (Million)
- 6.4.1.North America
  - 6.4.1.1. U.S.
  - 6.4.1.2. Canada
  - 6.4.1.3. Rest of North America

7. UK and European Union Check Engine Light Market, 2020-2030, USD (Million)

7.1. Market Overview
7.2. Check Engine Light Market: By Type, 2020-2030, USD (Million)
7.3. Check Engine Light Market: By Application, 2020-2030, USD (Million)
7.4.Check Engine Light Market: By Region, 2020-2030, USD (Million)
- 7.4.1.UK and European Union
  - 7.4.1.1. UK
  - 7.4.1.2. Germany
  - 7.4.1.3. Spain
  - 7.4.1.4. Italy
  - 7.4.1.5. France
  - 7.4.1.6. Rest of Europe

8. Asia Pacific Check Engine Light Market, 2020-2030, USD (Million)

8.1. Market Overview
8.2. Check Engine Light Market: By Type, 2020-2030, USD (Million)
8.3. Check Engine Light Market: By Application, 2020-2030, USD (Million)
8.4.Check Engine Light Market: By Region, 2020-2030, USD (Million)
- 8.4.1.Asia Pacific
  - 8.4.1.1. China
  - 8.4.1.2. Japan
  - 8.4.1.3. India
  - 8.4.1.4. Australia
  - 8.4.1.5. South Korea
  - 8.4.1.6. Rest of Asia Pacific

9. Latin America Check Engine Light Market, 2020-2030, USD (Million)

9.1. Market Overview
9.2. Check Engine Light Market: By Type, 2020-2030, USD (Million)
9.3. Check Engine Light Market: By Application, 2020-2030, USD (Million)
9.4.Check Engine Light Market: By Region, 2020-2030, USD (Million)
- 9.4.1.Latin America
  - 9.4.1.1. Brazil
  - 9.4.1.2. Mexico
  - 9.4.1.3. Rest of Latin America

10. Middle East and Africa Check Engine Light Market, 2020-2030, USD (Million)

10.1. Market Overview
10.2. Check Engine Light Market: By Type, 2020-2030, USD (Million)
10.3. Check Engine Light Market: By Application, 2020-2030, USD (Million)
10.4.Check Engine Light Market: By Region, 2020-2030, USD (Million)
- 10.4.1.Middle East and Africa
  - 10.4.1.1. GCC
  - 10.4.1.2. Africa
  - 10.4.1.3. Rest of Middle East and Africa

11. Company Profile

11.1. OSRAM
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Portfolio
- 11.1.4. Strategic Initiatives
11.2. Yeolight Technology
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Portfolio
- 11.2.4. Strategic Initiatives
11.3. Hella
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Portfolio
- 11.3.4. Strategic Initiatives
11.4. Konica Minolta Pioneer
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Portfolio
- 11.4.4. Strategic Initiatives
11.5. ZKW
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Portfolio
- 11.5.4. Strategic Initiatives
11.6. Stanley
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Portfolio
- 11.6.4. Strategic Initiatives
11.7. Astron FIAM.
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Portfolio
- 11.7.4. Strategic Initiatives
11.8. Magneti Marelli
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Portfolio
- 11.8.4. Strategic Initiatives
11.9. Koito
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Portfolio
- 11.9.4. Strategic Initiatives

Product Code: 138999-08-22

List of Tables

TABLE 1 Global Check Engine Light Market By Type, 2020-2030, USD (Million)
TABLE 2 Global Check Engine Light Market By Application, 2020-2030, USD (Million)
TABLE 3 North America Check Engine Light Market By Type, 2020-2030, USD (Million)
TABLE 4 North America Check Engine Light Market By Application, 2020-2030, USD (Million)
TABLE 5 UK and European Union Check Engine Light Market By Type, 2020-2030, USD (Million)
TABLE 6 UK and European Union Check Engine Light Market By Application, 2020-2030, USD (Million)
TABLE 7 Asia Pacific Check Engine Light Market By Type, 2020-2030, USD (Million)
TABLE 8 Asia Pacific Check Engine Light Market By Application, 2020-2030, USD (Million)
TABLE 9 Latin America Check Engine Light Market By Type, 2020-2030, USD (Million)
TABLE 10 Latin America Check Engine Light Market By Application, 2020-2030, USD (Million)
TABLE 11 Middle East and Africa Check Engine Light Market By Type, 2020-2030, USD (Million)
TABLE 12 Middle East and Africa Check Engine Light Market By Application, 2020-2030, USD (Million)

List of Figures

FIG. 1 Global Check Engine Light Market: Market Coverage
FIG. 2 Research Methodology and Data Sources
FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
FIG. 4 Global Check Engine Light Market: Quality Assurance
FIG. 5 Global Check Engine Light Market, By Type, 2021
FIG. 6 Global Check Engine Light Market, By Application, 2021
FIG. 7 Global Check Engine Light Market, By Geography, 2021
FIG. 8 Global Check Engine Light Market, By Type, 2021 Vs 2030, %
FIG. 9 Global Check Engine Light Market, By Application, 2021 Vs 2030, %
FIG. 10 U.S. Check Engine Light Market (US$ Million), 2020 - 2030
FIG. 11 Canada Check Engine Light Market (US$ Million), 2020 - 2030
FIG. 12 Rest of North America Check Engine Light Market (US$ Million), 2020 - 2030
FIG. 13 UK Check Engine Light Market (US$ Million), 2020 - 2030
FIG. 14 Germany Check Engine Light Market (US$ Million), 2020 - 2030
FIG. 15 Spain Check Engine Light Market (US$ Million), 2020 - 2030
FIG. 16 Italy Check Engine Light Market (US$ Million), 2020 - 2030
FIG. 17 France Check Engine Light Market (US$ Million), 2020 - 2030
FIG. 18 Rest of Europe Check Engine Light Market (US$ Million), 2020 - 2030
FIG. 19 China Check Engine Light Market (US$ Million), 2020 - 2030
FIG. 20 Japan Check Engine Light Market (US$ Million), 2020 - 2030
FIG. 21 India Check Engine Light Market (US$ Million), 2020 - 2030
FIG. 22 Australia Check Engine Light Market (US$ Million), 2020 - 2030
FIG. 23 South Korea Check Engine Light Market (US$ Million), 2020 - 2030
FIG. 24 Rest of Asia Check Engine Light Market (US$ Million), 2020 - 2030
FIG. 25 Brazil Check Engine Light Market (US$ Million), 2020 - 2030
FIG. 26 Mexico Check Engine Light Market (US$ Million), 2020 - 2030
FIG. 27 Rest of Latin America Check Engine Light Market (US$ Million), 2020 - 2030
FIG. 28 GCC Check Engine Light Market (US$ Million), 2020 - 2030
FIG. 29 Africa Check Engine Light Market (US$ Million), 2020 - 2030
FIG. 30 Rest of Middle East and Africa Check Engine Light Market (US$ Million), 2020 - 2030