Automotive Closure Market: 2018 Global Size, Share, Key Players Analysis - Toyota, Magna, Honda, Continental, Aisin Seiki, BMW, Bosch, Daimler, and Ford

Automotive Closure Market Report 2018 expands Global Automotive Closure Market with Global Upcoming Opportunities, Industry Share, Size, and Competitive Analysis with Forecast to 2023. Global Automotive Closure Market Key Players Analyzed In Report 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.).

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 Global Forecast to 2023.

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Market Scenario

The automotive closures and doors form an integral part of an automobile since the handling of the automobile takes place through these closures, especially when the vehicle is stationary. The global automotive closure market is estimated to grow at a CAGR of approx. 7% (2017 to 2023).

Market Dynamics

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).

The consideration of aerodynamics during vehicle exterior body design forms an integral part of the job of the design team. Automobile manufactures try to design an automobile as aerodynamically inclined as possible. In this context, the aerodynamic design of an automobile can only take place in an appropriate manner if the design of closures and doors is taken into consideration. Thus, the design of closure and doors forms an integral part of designing a stable vehicle. This consecutively makes sure that the power-to-weight ratio of the automobile is at an optimum level, thus, increasing the overall efficiency of the automobile performance.

Market 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.

Regional Analysis

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. North America region (the U.S. and Canada, specifically) is one of the largest automotive markets in the world. Due to the high per capita income and high preference of people towards owning a personal vehicle (minimum 1 automobile per person), the automotive sales in this region are consistently high. The Asia Pacific market is considered to be the next automotive hub in the world. People here have rising per capita income and don’t mind spending more for added features providing comfort and satisfaction. The Europe region is known for its customers preferring high-end cars with best possible features. Thus, the automotive closure system has tremendous growth potential in all the major automotive markets the world over.

Major Table Of Content:

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

Continued…

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