Analysis of the competition landscape of the global automotive lighting market

North America is the world's top automobile market, with automobile sales reaching about 16 million units in 2023. In the global market share, four companies, Hella, Valeo, Koito, Stanley and Magneti Marelli, account for almost more than 90% of the market share. Although North America is the focus of the global automotive industry, there is no well-known car lighting company. Magna currently mainly undertakes some global designated projects, mainly North American general projects. In addition, Magna also acquired the Orsa Lighting Factory in Italy around 2018 to expand its car lighting business. Recently, Magna has mainly promoted Litgate lighting solutions and thermoplastic tailgates.