Automotive Closure Market overview
Integration
of electronics has offered new growth dimensions to automotive safety systems.
With the integration of electronics into closure systems, advancing closure
technology is estimated to open new platforms for the market's growth.
Producers, these days, are feeling forced to decrease the overall weight of
automobile components to bring down the overall weight of automobiles, which is
eventually decreasing carbon emission to below the tolerable limit. The automotive closure market is predicted to grow
at a rate of 7% CAGR approximately within the forecast period.
Automotive
closure is the parts of an automobile that have a complex and characteristic
arrangement that simplify various movements such as opening and closing of
doors, sliding etc. automotive parts like bonnets, side doors, back doors,
sliding doors, sunroofs, windows, hoods and fuel doors these are also referred
as automotive closers. The closures were previously mechanically operated. The
increasing research and developments in the automobile industry have led to the
integration of electronics in automotive closures; therefore, it has led to the
development of novel product solutions. The most crucial part of an automobile
is the overtime evolution of electronics.
Request Free Sample Report of Automotive Closure Market
However,
it also leads to increased efficiency of vehicles. So, research and
developments are being conducted in this field to develop more efficient and
lighter electronic automotive closures with effectiveness and the best
work-life. The companies in the closure market are broadly focusing on research
and development to create an integrated closure system that accepts all the
safety standards and, at the same time, also helps to increase vehicle
efficiency, comfort and fuel efficiency by reducing the weight of the
mechanism. These factors will help in the growth of the automotive closures
market during the estimated period.
Automotive
Closure Market Key Players
·
Toyota Motor Corporation (Japan)
·
Magna International Inc. (Canada)
·
Honda Motor Company Ltd. (Japan)
·
Continental AG (Germany)
·
Aisin Seiki. Co. Ltd (Japan)
·
BMW (Germany)
·
Robert Bosch GmbH (Germany)
·
Daimler AG (Germany)
·
The Ford Motor Company (U.S.)
Automotive Closure Market segmentation
By Type
·
Manual
·
·Powered
By Product Type
·
Bonnet
·
Roof
·
Windows
·
Doors
·
Rear Hatch
·
Fuel Doors
By Component
·
Electronic Control Unit
·
Switch
·
Latch
·
Motor & Actuator
·
Relay
By Sales Channel
·
OEM
·
Aftermarket
By Region
North America
·
The U.S.
·
Canada
Europe
·
Germany
·
France
·
the U.K.
·
Italy
·
Spain
·
Russia & CIS
·
Rest of Europe
Asia Pacific
·
China
·
Japan
·
India
·
ASEAN
·
Rest of Asia Pacific
Latin America
·
Brazil
·
Mexico
·
Rest of Latin America
Middle East & Africa
·
GCC
·
South Africa
·
Rest of the Middle East & Africa
Automotive Closure Market Regional analysis
The
market is divided into four parts such as North America, Asia Pacific, Europe,
and the Rest of the World based on region. The North American region is
considered one of the largest automotive markets globally. Owing to the high
per capita income and high rate of preference for owning a personal vehicle by
people, automotive sales in this region are constantly high. The Asia Pacific
market is accounted as the next automotive center globally. People here have
increased per capita income, and they don't mind spending extra for additional
features that provide comfort and satisfaction. The Europe region is well known
for its customers preferring expensive cars with the best features. Thus, the
automotive closure market has incredible growth potential worldwide in all the
main automotive markets.
Automotive Closure Industrial news
In
2020 the increase in consumer demand for comfort and luxury in vehicles and the
emergence of biometric vehicle access systems were estimated to fuel the growth
of the automotive closure market for EV & ICE.
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