Automotive Closure Market Analysis:
Report analyzes the Global Automotive Closure market by Application Information (Sunroof, Power Window, Side Door, Sliding Door, Convertible Roof), Component (ECU, Switch, Motor & Actuator, Latch, Relay), Type (Manual, Powered), Vehicle Type, With Regional Forecast to 2023.
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The key players in automotive closure market are:
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), and The Ford Motor Company (U.S.) .
The global industry has come a long way since its inception more than 100 years ago. The automobiles of earlier times were focused more on the core functionality aspect. This involved paying attention to the core specifications and engine performance. With technological innovations, rapid changes were achieved in terms of engine capabilities and overall vehicle efficiency. The engine of the automobile was manufactured to fine the tuned output and reduce the waste (by-products) produced.
This caused overall engine efficiency to improve drastically. The last few decades have seen tremendous improvements in the overall vehicle performance, along with aesthetics of the automobile as well. The next biggest breakthrough in vehicle design came around the time when the overall vehicle drag was focused upon. Vehicle drag involves high speed and pressure winds, which collide with the automobile. This drag that is exerted on the vehicle keeps on increasing as the speed of automobile increases. This drag/thrust causes the vehicle to slow down. This, in turn, leads to loss of engine power and ultimate efficiency. This study of minimizing the automotive wind drag/thrust exerted upon the automobile is called aerodynamics.
Automotive Closure Market Drivers:
There are several factors that are responsible for the growth of automotive closure market over time in the global scenario. Firstly, enhanced awareness amongst consumers about safety and related features in the automotive sector. Secondly, the automotive industry of today’s times is much more competitive than what it used to be, thus, compelling manufacturers to produce unique vehicles that sound out in terms of the quality offered. Thirdly, closures, such as power windows, sunroof, and electronic door locking system, provide greater comfort and enhanced customer experience. Thus, increasing the popularity of the automobile, contributing to eventual sales. The global automotive closure market is estimated to grow at a CAGR of approx. 7% (2017 to 2023).
Automotive Closure Market Regional Analysis:
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The North America market (the U.S. and Canada, in particular) is one of the largest automobile markets in the world. The biggest concern of the consumers in this market is the low reliance on public transport system. People in this region prefer to travel using their personal vehicles, for both work and leisure traveling. The Asia Pacific region has two of the world’s biggest economies – India and China. These two countries are considered to be the future automotive hub of the world. The Europe region is known for its penchant for high-performance cars with the latest technological features. All these factors cumulatively highlight the growth opportunity for the automotive closure market on the global scale.
Automotive Closure Market by Segmentation:
On the basis of application, the most widely used applications of the automotive closure system (which are economical, to fit), are the power windows and sliding doors. Applications, such as sunroof and convertible roof, fall into the luxury automobile category and hence, cannot be fitted into budget vehicles. On the basis of component, motor & actuator and switch are the most widely used in all types of automobile. Relay and latch mechanisms fall under the technology, which was used in the times before the invention and widespread use of electronics in the automotive manufacturing process. Thus, though not favored, these relay and latch mechanisms are particularly used in case of budget automobiles. On the basis of type, manual variety is used more in developing markets and budget automobiles, while the automatic variety is preferred in mid to high-end automobiles.
Global Automotive Closure Market Table of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Automotive Closure Market, By Application
5.1 Introduction
5.2 Sunroof
5.2.1 Market Estimates & Forecast, 2017-2023
5.2.2 Market Estimates & Forecast By Region, 2017-2023
5.3 Power Window
5.3.1 Market Estimates & Forecast, 2017-2023
5.3.2 Market Estimates & Forecast By Region, 2017-2023
5.4 Side Door
5.4.1 Market Estimates & Forecast, 2017-2023
5.4.2 Market Estimates & Forecast By Region, 2017-2023
5.5 Sliding Door
5.5.1 Market Estimates & Forecast, 2017-2023
5.5.2 Market Estimates & Forecast By Region, 2017-2023
5.6 Convertible Roof
5.6.1 Market Estimates & Forecast, 2017-2023
5.6.2 Market Estimates & Forecast By Region, 2017-2023
6 Global Automotive Closure Market, By Component
6.1 Introduction
6.2 ECU
6.2.1 Market Estimates & Forecast, 2017-2023
6.2.2 Market Estimates & Forecast By Region, 2017-2023
6.3 Switch
6.3.1 Market Estimates & Forecast, 2017-2023
6.3.2 Market Estimates & Forecast By Region, 2017-2023
6.4 Motor & Actuator
6.4.1 Market Estimates & Forecast, 2017-2023
6.4.2 Market Estimates & Forecast By Region, 2017-2023
6.5 Latch
6.5.1 Market Estimates & Forecast, 2017-2023
6.5.2 Market Estimates & Forecast By Region, 2017-2023
6.6 Relay
6.6.1 Market Estimates & Forecast, 2017-2023
6.6.2 Market Estimates & Forecast By Region, 2017-2023
7 Global Automotive Closure Market, By Type
7.1 Introduction
7.2 Manual
7.2.1 Market Estimates & Forecast, 2017-2023
7.2.2 Market Estimates & Forecast By Region, 2017-2023
7.3 Powered
7.3.1 Market Estimates & Forecast, 2017-2023
7.3.2 Market Estimates & Forecast By Region, 2017-2023
8 Global Automotive Closure Market, By Vehicle Type
8.1 Introduction
8.2 Passenger
8.2.1 Market Estimates & Forecast, 2017-2023
8.2.2 Market Estimates & Forecast By Region, 2017-2023
8.3 Commercial Vehicle
8.3.1 Market Estimates & Forecast, 2017-2023
8.3.2 Market Estimates & Forecast By Region, 2017-2023
Continued…
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