Vehicles Lighting Sales

Vehicles Lighting Sales Market Outlook

The global vehicle lighting sales market is projected to reach approximately USD 40 billion by 2025, growing at a compound annual growth rate (CAGR) of around 6% from 2023 to 2025. The market's growth is fueled by increasing vehicle production, rising consumer demand for advanced lighting technologies, and growing awareness of road safety. Furthermore, the shift towards energy-efficient lighting solutions, particularly LED technology, is contributing to the adoption of innovative lighting systems in vehicles. Additionally, stringent regulations regarding visibility standards and safety features are propelling manufacturers to invest in high-quality lighting solutions. The increasing popularity of electric vehicles (EVs) is also providing an additional impetus to the market, as these vehicles often incorporate advanced lighting systems for enhanced aesthetics and functionality.

Growth Factor of the Market

Several factors are driving the growth of the vehicle lighting sales market. Firstly, the rise in global vehicle production, particularly in developing regions, has led to a higher demand for vehicle lighting systems. As more people gain access to automobiles, the need for efficient, high-quality lighting technologies is becoming increasingly evident. Secondly, the growing trend towards vehicle customization is encouraging consumers to invest in advanced lighting options, both for aesthetic appeal and functional benefits. Thirdly, advancements in technology, particularly the development of smart lighting systems, are attracting manufacturers to innovate and improve their offerings. Furthermore, the increasing awareness of road safety has made better vehicle lighting a priority for consumers and regulatory bodies alike. Lastly, the rapid adoption of electric vehicles, which often feature cutting-edge lighting solutions, is expected to further drive market growth.

Key Highlights of the Market

• The global vehicle lighting sales market is projected to reach USD 40 billion by 2025.
• Adoption of LED technology is increasing due to its energy efficiency and longer lifespan.
• Passenger vehicles account for a significant share of the overall market, driven by consumer preferences.
• The aftermarket segment is gaining traction, allowing consumers to upgrade their vehicle lighting systems.
• Asia Pacific is anticipated to witness the highest growth rate in the vehicle lighting sales market due to rising automobile production.

By Product Type

Headlights:

Headlights are a crucial component of vehicle lighting systems, providing essential illumination for night driving and adverse weather conditions. As the primary source of visibility for drivers, advancements in headlight technology have significantly transformed this segment. The introduction of LED headlights has gained momentum due to their energy efficiency and superior brightness compared to traditional halogen bulbs. Manufacturers are also increasingly adopting adaptive lighting systems that adjust the beam pattern based on road conditions, improving safety and visibility. Furthermore, regulations mandating compliance with specific lighting performance standards are further propelling innovations in headlight design. The demand for high-performance headlights is particularly high in passenger vehicles, where aesthetics and functionality are key drivers.

Tail Lights:

Tail lights play a vital role in ensuring the safety of vehicles on the road by offering visibility to vehicles behind. This segment is witnessing significant advancements with the growing adoption of LED technology, which provides brighter illumination and longer life spans. Tail lights are not only functional but have also become a focal point for vehicle aesthetics, with various designs and styles available to consumers. Moreover, innovations like dynamic turn signals and integrated braking systems are becoming prevalent, enhancing the visibility of tail lights. With the ongoing emphasis on vehicle safety and compliance with stringent automotive regulations, manufacturers are investing in developing advanced tail light systems that meet these standards while improving overall vehicle appeal.

Interior Lights:

Interior lights are essential for enhancing the passenger experience in vehicles, providing ambient lighting, and ensuring safety during travel. The demand for customizable and innovative interior lighting solutions is on the rise, with automakers focusing on creating unique in-car environments. LED technology is increasingly being used for interior lighting due to its versatility, energy efficiency, and lower heat emission. Features such as mood lighting, illuminated entry systems, and integrated lighting solutions for infotainment systems are becoming popular among consumers. The growing importance of interior aesthetics, especially in high-end vehicles, is driving manufacturers to invest in advanced interior lighting designs that cater to consumer preferences while maintaining functionality.

Fog Lights:

Fog lights are specifically designed to enhance visibility during adverse weather conditions like fog, rain, or snow. This product category is gaining traction as more consumers recognize the importance of safety features in their vehicles. Manufacturers are focusing on developing high-performance fog lights that utilize LED technology, which provides superior brightness and energy efficiency compared to traditional halogen fog lights. The market is also witnessing innovations in fog light designs, including adaptive fog lights that adjust their beam patterns in response to weather conditions. As regulatory bodies continue to impose standards on vehicle lighting performance, the demand for effective fog lights that comply with these regulations is expected to grow, driving the development of advanced lighting systems.

LED Lighting:

LED lighting has emerged as a revolutionary technology in the automotive lighting segment, replacing traditional incandescent and halogen bulbs due to its enhanced performance and efficiency. The growing consumer demand for energy-efficient and long-lasting lighting solutions has propelled LED technology to the forefront of vehicle lighting sales. LED lights are known for their superior brightness, rapid response times, and reduced energy consumption, making them an attractive option for various vehicle applications. Furthermore, the flexibility in design allows manufacturers to create innovative lighting solutions that enhance the aesthetics of vehicles while improving safety. The trend towards electric vehicles is further boosting the adoption of LED lighting, as many EV manufacturers emphasize energy-efficient technologies in their product offerings.

By Application

Passenger Vehicles:

The passenger vehicles segment represents a significant share of the vehicle lighting sales market, driven by growing consumer demand and increasing vehicle production worldwide. As personal mobility becomes a priority for many individuals, the need for advanced lighting systems that enhance safety and aesthetics is paramount. Innovations in lighting technology, particularly the rise of LED headlights and taillights, have transformed how passenger vehicles are equipped. Moreover, factors such as rising disposable incomes and urbanization are encouraging consumers to invest in vehicles equipped with advanced lighting features. In addition, regulatory bodies are continuously updating safety standards, compelling manufacturers to incorporate high-performance lighting systems in passenger vehicles.

Commercial Vehicles:

The commercial vehicles segment is witnessing substantial growth as businesses seek to enhance the safety and efficiency of their fleets. With the increasing demand for logistics and transportation services, manufacturers are focusing on developing robust lighting solutions tailored for heavy-duty vehicles. Commercial vehicles often operate under challenging conditions, making high-quality lighting systems essential for visibility and safety. LED technology is gaining traction in this segment due to its durability and energy efficiency, leading to lower maintenance costs. Additionally, the importance of compliance with safety regulations and standards is driving innovations in commercial vehicle lighting, as companies strive to ensure the safety of their drivers and cargo.

Electric Vehicles:

The electric vehicles (EVs) segment is rapidly expanding, primarily driven by the global push toward sustainable transportation solutions. As more consumers switch to electric vehicles, the demand for advanced lighting systems is increasing, particularly with the integration of innovative features that enhance aesthetics and functionality. Manufacturers are focusing on incorporating energy-efficient LED lighting solutions to complement the overall sustainability of EVs. In addition, the growing emphasis on vehicle design and customization in the EV market is prompting manufacturers to provide diverse lighting options that cater to consumer preferences. As the electric vehicle market continues to grow, lighting manufacturers are likely to witness increased opportunities for developing specialized lighting solutions for this segment.

Off-road Vehicles:

The off-road vehicles segment represents a niche market that is increasingly recognizing the importance of specialized lighting solutions. Off-road vehicles often operate in rugged terrains and low visibility conditions, necessitating high-performance lighting systems that can withstand harsh environments. The use of durable and energy-efficient LED lights is gaining popularity among off-road enthusiasts, leading manufacturers to focus on developing robust lighting solutions tailored for these vehicles. Additionally, the growth of adventure tourism and recreational off-roading activities is further driving the demand for specialized lighting products. As consumers look for enhanced visibility and safety during off-road excursions, the market for off-road vehicle lighting is expected to expand.

Two-wheelers:

The two-wheelers segment, encompassing motorcycles and scooters, is witnessing significant growth due to the increasing popularity of personal mobility solutions. The demand for advanced lighting systems in two-wheelers is primarily driven by safety concerns, as visibility plays a crucial role in ensuring rider safety. Manufacturers are increasingly adopting LED technology in two-wheelers due to its compact size, energy efficiency, and longer lifespan. The growing focus on vehicle customization is also encouraging consumers to invest in upgraded lighting solutions for their motorcycles and scooters. As two-wheelers continue to gain traction as a preferred mode of transportation, the lighting sales in this segment are expected to witness substantial growth.

By Distribution Channel

OEMs:

The original equipment manufacturers (OEMs) segment is a significant contributor to the vehicle lighting sales market, as this channel caters to the direct production and assembly of lighting systems in new vehicles. OEMs often collaborate with lighting manufacturers to develop customized solutions that meet specific vehicle requirements and industry standards. The increasing production of passenger and commercial vehicles globally is driving the demand for OEM lighting solutions, with manufacturers continuously innovating to provide advanced technologies. Additionally, the integration of cutting-edge lighting systems in new vehicle models is enhancing the overall appeal and safety of vehicles, making OEMs a crucial factor in the vehicle lighting landscape.

Aftermarket:

The aftermarket segment is gaining prominence as consumers seek to upgrade and enhance their vehicle lighting systems post-purchase. The increasing trend of vehicle customization, coupled with the desire for improved aesthetics and functionality, is driving demand for aftermarket lighting solutions. Consumers are increasingly opting for advanced lighting technologies, such as LED or HID lights, to replace traditional halogen bulbs. The availability of a wide range of aftermarket lighting products through online and offline channels has made it easier for consumers to access innovative solutions. Furthermore, the growing popularity of do-it-yourself (DIY) modifications among vehicle enthusiasts is contributing to the expansion of the aftermarket segment.

Online Retailers:

The rise of e-commerce has profoundly impacted the vehicle lighting sales market, with online retailers becoming a popular distribution channel for consumers seeking convenient shopping options. Online platforms offer a wide range of lighting solutions, allowing consumers to easily compare products, read reviews, and access detailed specifications. The convenience of home delivery and the ability to find specialized or hard-to-find lighting products are attracting consumers to online retailers. Furthermore, the competitive pricing and promotional offers available through e-commerce platforms are making it an attractive option for many buyers. As consumers increasingly embrace online shopping, the online retail segment is expected to witness continued growth in vehicle lighting sales.

Specialty Stores:

Specialty stores play a vital role in the vehicle lighting sales market by providing expert advice and specialized products tailored to consumer needs. These stores often carry a curated selection of high-quality lighting solutions, making them appealing to enthusiasts and serious buyers. The personalized service and product expertise offered by specialty store staff can greatly influence purchase decisions, as consumers seek guidance on the best lighting options for their vehicles. Moreover, specialty stores often cater to specific segments, such as off-road vehicles or performance vehicles, providing targeted solutions that may not be readily available through larger retail channels. As consumers prioritize quality and specialized products, specialty stores are likely to remain an essential distribution channel for vehicle lighting sales.

Car Dealerships:

Car dealerships serve as an important distribution channel for vehicle lighting systems, especially for new vehicles. Many dealerships offer a range of lighting options, including OEM products and aftermarket solutions, to enhance the appeal of the vehicles they sell. Dealerships often provide consumers with the opportunity to upgrade their lighting systems at the time of purchase, making it convenient for buyers to ensure their vehicles have the latest technology. Additionally, dealerships may also offer installation services, further enhancing the customer experience. As the automotive industry evolves and vehicle lighting becomes a key selling point for many models, car dealerships are likely to continue playing a significant role in the vehicle lighting sales market.

By Region

The vehicle lighting sales market is witnessing diverse growth across various regions, with Asia Pacific leading the charge. This region is expected to dominate the market, accounting for over 35% of global sales by 2025. The rapid growth of the automotive industry in countries like China and India, coupled with increasing disposable incomes and a rising middle class, is driving the demand for vehicle lighting solutions. The Asia Pacific region is seeing a substantial uptick in vehicle production and sales, leading to a parallel increase in the demand for advanced lighting technologies. Furthermore, the shift towards LED technology in this region is expected to significantly enhance energy efficiency and safety in vehicles, contributing to the market's overall growth.

North America is another key region for vehicle lighting sales, with a robust market presence driven by the demand for advanced lighting systems in both passenger and commercial vehicles. The North American market is estimated to reach around USD 12 billion by 2025, reflecting a CAGR of approximately 5% during the forecast period. The increasing emphasis on safety regulations and technological advancements in lighting solutions is propelling the growth of this market. Additionally, the trend toward vehicle electrification and the rising popularity of electric and hybrid vehicles are providing new opportunities for manufacturers to innovate and cater to evolving consumer preferences. As vehicle lighting technologies continue to advance, North America remains a pivotal market for growth in this sector.

Opportunities

The vehicle lighting sales market is poised for significant opportunities, particularly in the context of technological advancements and evolving consumer preferences. One of the most promising opportunities lies in the integration of smart lighting systems, which allow for enhanced functionality and connectivity. As vehicles become increasingly equipped with smart technologies, there is a growing demand for lighting solutions that can adapt based on driving conditions, user preferences, or environmental factors. Moreover, the rise of electric vehicles presents a unique opportunity for lighting manufacturers to develop energy-efficient solutions that align with the sustainability goals of EV manufacturers. As more consumers opt for electric vehicles, the need for innovative lighting designs will be critical in establishing a competitive edge in this burgeoning market.

In addition to technological advancements, the growing trend of vehicle customization offers another avenue for growth in the vehicle lighting sales market. As consumers seek to personalize their vehicles, the demand for unique and innovative lighting options is likely to increase substantially. This trend is particularly prominent among younger consumers, who tend to prioritize aesthetics and personalization in their purchasing decisions. Manufacturers who can create distinctive lighting products that cater to this demand will find ample opportunities for market penetration. Furthermore, as global vehicle production continues to rise, particularly in developing regions, the potential for increased sales of vehicle lighting systems is vast, positioning manufacturers well to capitalize on this growth trajectory.

Threats

Despite the promising growth prospects in the vehicle lighting sales market, several challenges and threats could hinder progress. One of the significant threats is the rapid pace of technological change and innovation in the automotive industry. As new lighting technologies emerge, manufacturers may face pressure to continuously invest in research and development to keep pace with consumer expectations and regulatory requirements. Additionally, the high cost associated with developing and integrating advanced lighting systems could impact profit margins, particularly for smaller manufacturers. Moreover, the increasing prevalence of counterfeit and substandard lighting products in the market poses a threat to both manufacturers and consumers, as these products can compromise safety and performance.

Another critical challenge facing the vehicle lighting sales market is the impact of economic fluctuations on consumer spending. Economic downturns or recessions can lead to decreased vehicle sales and reduced consumer spending on aftermarket upgrades, potentially dampening market growth. Additionally, regulatory changes or shifts in safety standards could also impact manufacturers' ability to meet compliance, requiring adjustments in production processes and costs. As the market continues to evolve, manufacturers must remain agile and adaptable to navigate these challenges effectively while maintaining a focus on innovation and customer satisfaction.

Competitor Outlook

• Osram Licht AG
• Philips Lighting Holding B.V.
• General Electric Company
• Hella KGaA Hueck & Co.
• Valeo SA
• Koito Manufacturing Co., Ltd.
• Stanley Electric Co., Ltd.
• Magneti Marelli S.p.A.
• Federal-Mogul Corporation
• PIAA Corporation
• Neolite ZKW Lightings Pvt. Ltd.
• Lumileds Holding B.V.
• LG Innotek Co., Ltd.
• LED Autolamps
• SEATBELT & KTZ CO., LTD.

The competitive landscape of the vehicle lighting sales market is characterized by the presence of several key players, each striving to gain a significant market share through innovation, strategic partnerships, and product diversification. Established companies such as Osram Licht AG and Philips Lighting Holding B.V. have a strong foothold in the market, driven by their extensive product portfolios and commitment to technological advancements. These companies are heavily investing in research and development to stay ahead of the curve and meet the evolving demands of consumers and regulatory standards. Additionally, partnerships with automotive manufacturers and collaborations in developing innovative lighting solutions are becoming increasingly common as companies aim to leverage each other's strengths in this competitive environment.

Moreover, companies like Hella KGaA Hueck & Co. and Valeo SA are focusing on expanding their presence in emerging markets, capitalizing on the growing demand for vehicle lighting solutions in regions such as Asia Pacific and Latin America. These firms are actively exploring opportunities for mergers and acquisitions to enhance their capabilities and broaden their market reach. In addition, the rise of electric vehicles has prompted manufacturers such as Koito Manufacturing Co., Ltd. and Stanley Electric Co., Ltd. to invest in developing energy-efficient lighting solutions that cater to the specific needs of EV manufacturers. As the industry continues to evolve, the competitive landscape will likely see increased collaboration and innovation to adapt to changing consumer preferences and market dynamics.

Some notable companies in the vehicle lighting sales market include General Electric Company, which has a long history of providing advanced lighting solutions across various industries, including automotive. Their commitment to sustainability and energy efficiency positions them well in the growing electric vehicle segment. Similarly, Federal-Mogul Corporation and PIAA Corporation are known for their focus on aftermarket lighting solutions, catering to consumers looking to enhance their vehicles post-purchase. These companies are leveraging their expertise to provide innovative products that meet the increasing demand for customizations and enhancements in vehicle lighting. As competition intensifies, it will be crucial for manufacturers to differentiate themselves through quality, performance, and customer engagement in order to thrive in the vehicle lighting sales market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Valeo SA
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 LED Autolamps
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Osram Licht AG
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 PIAA Corporation
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 LG Innotek Co., Ltd.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Lumileds Holding B.V.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Hella KGaA Hueck & Co.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Magneti Marelli S.p.A.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 General Electric Company
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 SEATBELT & KTZ CO., LTD.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Federal-Mogul Corporation
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Stanley Electric Co., Ltd.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Koito Manufacturing Co., Ltd.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Philips Lighting Holding B.V.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Neolite ZKW Lightings Pvt. Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Vehicles Lighting Sales Market, By Application
    • 6.1.1 Passenger Vehicles
    • 6.1.2 Commercial Vehicles
    • 6.1.3 Electric Vehicles
    • 6.1.4 Off-road Vehicles
    • 6.1.5 Two-wheelers
  • 6.2 Vehicles Lighting Sales Market, By Product Type
    • 6.2.1 Headlights
    • 6.2.2 Tail Lights
    • 6.2.3 Interior Lights
    • 6.2.4 Fog Lights
    • 6.2.5 LED Lighting

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Vehicles Lighting Sales Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Vehicles Lighting Sales market is categorized based on

By Product Type

• Headlights
• Tail Lights
• Interior Lights
• Fog Lights
• LED Lighting

By Application

• Passenger Vehicles
• Commercial Vehicles
• Electric Vehicles
• Off-road Vehicles
• Two-wheelers

By Region

• Asia Pacific
• North America
• Europe
• Latin America
• Middle East & Africa

Key Players

• Osram Licht AG
• Philips Lighting Holding B.V.
• General Electric Company
• Hella KGaA Hueck & Co.
• Valeo SA
• Koito Manufacturing Co., Ltd.
• Stanley Electric Co., Ltd.
• Magneti Marelli S.p.A.
• Federal-Mogul Corporation
• PIAA Corporation
• Neolite ZKW Lightings Pvt. Ltd.
• Lumileds Holding B.V.
• LG Innotek Co., Ltd.
• LED Autolamps
• SEATBELT & KTZ CO., LTD.