Global Automotive Closure Systems Market, By Type (Powered and Manual), By Component (ECU, Switch, M

Published Date: | Report Code : AT1934172

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The Automotive Closure Systems Market is predicted to witness significant demand during the forecast period owing to it’s increasing use in various applications such as sunroof, power window, side door, sliding door, convertible roof, and power tailgate.

An automotive closure system consists of functions such as locking or unlocking of doors, windows, sunroof, and tailgate. This has made handling of all the features in a vehicle convenient and easy to use. Nowadays, closure systems have become automated, which could be accessed with the help of a button. The growing demand for sunroof is impacting the closure system market. It provides fresh air, sunlight, and an outstanding look to a car.

The automotive closure market is growing due to increasing awareness among consumers about the safety and related features in a car. Moreover, the automotive industry today is significantly competitive. Hence, advanced and technologically-efficient vehicles are being manufactured. Closures, such as power windows, sunroof, and electronic door locking systems offer comfort and enhance the customer experience.

Key Factors Impacting Market Growth:

  • Growing awareness among consumers about the safety and enhanced comfort
  • Rising demand for premium segment vehicles
  • Growth in sales of hybrid electric vehicles and plug-in hybrid electric vehicles
  • Increased focus on safety and hands-free operations
  • Biometric vehicle access system
  • Use of lightweight material in automotive closure
  • Fail-safe electronics
  • The high cost of the system

Regional Analysis:

By region, North America, Western Europe, and Asia Pacific are estimated to dominate the automotive closure systems market in terms of market demand. North America and Western Europe have been traditional markets for the automotive sector with a number of global manufacturers headquartered in this region. The automotive sector in these regions has been dynamic in terms of technological developments and product modifications. The demand for lightweight materials, cleaner emissions, and green fuels have been some of the key influencing factors in this region. Also, the market has witnessed steady recovery from recent slowdowns in the past decades. Some of these factors are expected to impact the dynamics of the automotive closure systems market in North America and Western Europe during the forecast period. The US, Germany, France, Italy, UK, and Spain have been some of the major economies for the automotive closure systems market in the region.

The Asia Pacific is estimated to be the fastest-growing region for the automotive closure systems market during the forecast period. This region has been one of the lucrative markets for the automotive sector in the past few decades with strategic investments by global companies in the region. China, Japan, India, and South Korea have been some of the major countries for the automotive closure systems market in the Asia Pacific region. The Middle East promises a strong market potential with the growth of the automotive sector in the region. Countries including UAE, Saudi Arabia, Qatar, and Iran have been diversifying the industrial sector to boost the economy in the past few decades. Other regions including Eastern Europe, South America, and Africa are estimated to emerging markets with growing demand during the forecast period.

Companies Covered: Toyota Motor Corporation, Magna International Inc., Honda Motor Company, Ltd., Continental AG, Aisin Seiki. Co. Ltd., BMW, Robert Bosch GmbH, Daimler AG, and Ford Motor Company…

Market Segmentation:

By Type:

  • Powered
  • Manual

By Component:

  • ECU
  • Switch
  • Motor & Actuator
  • Latch
  • Relay

By Vehicle Type:

  • Battery Electric
  • Plug-In Hybrid
  • Hybrid

By Application:

  • Sunroof
  • Power Window
  • Side Door
  • Sliding Door
  • Convertible Roof
  • Power Tailgate

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Component
    • By Vehicle Type
    • By Applications
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Component
    • By Vehicle Type
    • By Applications
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Component
    • By Vehicle Type
    • By Applications
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Component
    • By Vehicle Type
    • By Applications
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Component
    • By Vehicle Type
    • By Applications
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Component
    • By Vehicle Type
    • By Applications

 Reasons to Buy This Report:

  • Market size estimation of the global automotive closure systems market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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