Automotive Closure Market
Automotive Closure Market is expected to reach USD 34.44 Billion by 2026 from USD 16.4 Billion in 2016 at CAGR of 7.7% (Detailed analysis of the market CAGR is provided in the report)
Automotive
Closure Market is segmented by component, electrical vehicle type, type, application, and geography. Latch sub-segment is expected to gain the largest Automotive Closure Market share in the forecast period. The emergence of new technologies such as hands-free opening doors, LED latches, and collision avoidance closure system is expected to fuel the Component segment growth. Application segment is estimated to experience the significant growth of the power sliding door segment. This growth is attributed to increasing awareness about safety and security features among consumers. The Automotive Closure Market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa and Latin America.
Increased focus toward safety/hands-free operations are trending the overall Automotive Closure Market. However, the high cost of the closure system will restrain the market growth. APAC is going to emerge as one of the higher growth regions in forecast period followed by North America and Europe. Japan and South Korea’s presence with their technological advancement, tremendous vehicle production in developing economies like China and India will fuel the Automotive Closure Market in the APAC region.
Key Highlights:
• Assessment of market definition along with the identification of key players and analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints and challenges for Automotive Closure Market during the forecast period
• Complete quantitative analysis of the industry from 2016 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities
• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
• Automotive Closure Market analysis and comprehensive segmentation with respect to the component, electrical vehicle type, type, application, and geography to assist in strategic business planning
• Automotive Closure Market analysis and forecast for five major geographies North America, Europe, Asia Pacific, Middle East & Africa, Latin America and their key regions
Research Methodology:
The research methodology used in this report contains various secondary sources including directories such as American Association of Motor Vehicle Administrators (AAMVA), Internationale des Constructeurs d'Automobiles (OICA), and Automotive Component Manufacturers Association of India (ACMA). Bloomberg, Hoovers, and Factiva are some of the sites that are being referred to gain insights about Automotive Closure Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of Automotive Closure Market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Automotive Closure Market globally
Automotive
Closure Market is segmented by component, electrical vehicle type, type, application, and geography. Latch sub-segment is expected to gain the largest Automotive Closure Market share in the forecast period. The emergence of new technologies such as hands-free opening doors, LED latches, and collision avoidance closure system is expected to fuel the Component segment growth. Application segment is estimated to experience the significant growth of the power sliding door segment. This growth is attributed to increasing awareness about safety and security features among consumers. The Automotive Closure Market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa and Latin America.
Increased focus toward safety/hands-free operations are trending the overall Automotive Closure Market. However, the high cost of the closure system will restrain the market growth. APAC is going to emerge as one of the higher growth regions in forecast period followed by North America and Europe. Japan and South Korea’s presence with their technological advancement, tremendous vehicle production in developing economies like China and India will fuel the Automotive Closure Market in the APAC region.
Key Highlights:
• Assessment of market definition along with the identification of key players and analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints and challenges for Automotive Closure Market during the forecast period
• Complete quantitative analysis of the industry from 2016 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities
• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
• Automotive Closure Market analysis and comprehensive segmentation with respect to the component, electrical vehicle type, type, application, and geography to assist in strategic business planning
• Automotive Closure Market analysis and forecast for five major geographies North America, Europe, Asia Pacific, Middle East & Africa, Latin America and their key regions
Research Methodology:
The research methodology used in this report contains various secondary sources including directories such as American Association of Motor Vehicle Administrators (AAMVA), Internationale des Constructeurs d'Automobiles (OICA), and Automotive Component Manufacturers Association of India (ACMA). Bloomberg, Hoovers, and Factiva are some of the sites that are being referred to gain insights about Automotive Closure Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of Automotive Closure Market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Automotive Closure Market globally
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