“Global Automotive Closures Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global automotive closures market report has been segmented on the basis of source type, product type, vehicle type, and region.
Global Automotive Closures Market: Overview
Automotive closures are integral parts of the vehicle which facilitate various movements including opening, closing, and sliding. Automotive parts such as bonnets, side doors, back doors, fuel doors sunroofs, hoods, sliding doors, and windows are referred to automotive closers.
Global Automotive Closures Market: Dynamics
Increasing focus toward safety and hands-free operations, along with the shift from steel to aluminum for the manufacturing of automotive closures are driving the overall automotive closure market. Improvements in the overall performance of the automobiles and reduction in consumption of fuel and energy, owing to the use of lighter materials in the vehicles are some factors driving the market towards growth. Moreover, manufacturers are continuously focusing to decrease or reduce the overall weight of automobile components to bring down the overall weight of automobiles, lessen carbon emissions, and increase the efficiency of the vehicle. In addition, the development of an integrated closure system to meet safety standards, comfort level, along with increasing vehicle efficiency are some factors expected to aid growth of the automotive closures market over the forecast period.
The recent trend observed in the target market is increasing R&D activities in the automotive sector have led to the integration of electronics in automotive closures. With the advancement in closure technology such as LED latches, collision avoidance closure system, and integration of electronics into closure systems are expected to create a potential opportunity for growth of the target market. Moreover, increasing usage of solar sunroofs in electric vehicles along with surging sales of vehicles across the globe are expected to offer growth opportunities for potential players operates in the target market.
Global Automotive Closures Market: Segment Analysis
Among the source type segments, the powered segment is expected to hold a significant share in the market over the forecast period.
Among the product type segments, the windows and doors segment expected to drive the target segment in the target market.
Among the vehicle type segments, the passenger vehicle segment is projected to grow at a faster pace over the forecast period.
Global Automotive Closures Market: Region Analysis
The market in Europe and North America holds a significant share in terms of revenue in the global market, due to the presence of major original equipment manufacturers in this region. Heavy investment for research and development activities in this region plays an important role in growth of the market.
The Asia Pacific automotive closures market accounts for substantial revenue share in the global market and is expected to witness considerable growth in the upcoming period. Rapid urbanization, industrialization, and increasing income levels along with the lower concentration of vehicles as compared to developed economies are some factors expected to drive growth in the region. Moreover, government initiatives to promote manufacturing is expected to add growth to the automobile closures market. Moreover, the market in Middle East & Africa is also expected to register moderate growth rate over the forecast period.
Automotive Closures Market: Market Segmentation
Segmentation by Power Source:
Segmentation by Vehicle Type:
- Electric Vehicle
- Passenger vehicle
- Commercial vehicle
Segmentation by Product Type:
- Sun roof
- Rear hatch
- Fuel door
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Continental AG
- Magna International Inc.
- Johnson Electric
- Robert Bosch GmbH
- Aisin Seiki. Co. Ltd.
- Ford Motor Company
- General Motors
- Toyota Motor Corporation
- Volkswagen AG
- Honda Motor Company, Ltd.
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