Automotive Window Regulator Market share research by applications and regions for 2017-2024
Advancement in infrastructure and growing consumer sentiments have driven vehicles demand and fuelled automotive regulators usage. OEMs are increasing their market penetration by setting up manufacturing plants in emerging economies. Additionally, banks and financial institutions are coming up with various loan schemes making it easy for people to own a car.
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Technology advancement has led to its transformation from manual to single press regulator. Power window is gaining popularity among consumers owing to its convenience and easy operation. Further, technologies such as central lock and child lock has shifted customer focus from manual to automatic operator. This helps to operate vehicle window with a single switch. However, fluctuation of economies in regions such as Europe may reduce automotive production that may affect automotive window regulator market.
Passenger cars have major share with its use by public and rapid increase in sales of compact and sub compact cars. Passenger car manufacturers are providing better functionality and services to attract more number of customers. LCV and HCV have nascent share and have slow growth due to their developing usage.
Various distribution channel in automotive window regulator market are OEMs and after sales dealers. OEMs contributes considerably in terms of volume and shall witness healthy growth with propelling demand. The quality of material has improved and with better design and technology, the breakdown has reduced.
On the basis of type, automotive window regulator market is segmented into scissor type and cable type. Cable type has larger share as these are compact in size and light in weight. This reduces overall weight of automobiles that improves efficiency of vehicle and reduces emissions. Stringent norms of government organizations such as Environmental Protection Agency norms for vehicular emission have boosted its usage.
Europe, led by Germany has substantial share in automotive window regulator market owing to well established and booming automobile industry hosting big players namely Audi and Volkswagen. Latin America has witnessed slow growth due to decrease in production and sales of automobile.
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Major players in automotive window regulator market are Wonh Industries Company, TRAC Auto, Car international, APM Auto Parts, Valeo, CI Car International, Shiroki, I Yuan Precision Industrial Company, Kwanjin India and Columbia Engineers. Companies are indulged in collaborations with automobile manufacturers to increase their long-term business. For instance, Wonh Industries has undergone an agreement and is OEM for Great Wall Motors, Beiqi Group, Lifan Car, Geely and Zoyte Group.
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