Press release
Global Automotive Drawer Slides Market to Reach $9.38 Billion by 2029, Growing at 7.1% CAGR
Automotive Drawer Slides Market Size
In recent times, there has been significant growth in the market size of automotive drawer slides. The market, valued at $6.64 billion in 2024, is anticipated to escalate up to $7.13 billion by 2025, which points to a robust compound annual growth rate (CAGR) of 7.4%. This vigorous growth in the historical phase can be credited to the escalating demand for bespoke drawer arrangements, development of lightweight components, expansion within the furniture and cabinetry sectors, an upsurge in the need for ergonomic and compact solutions, and the advancement in rust-resistant coatings for long-lasting performance.
In the coming years, substantial growth is expected in the automotive drawer slides market, with its size projected to reach $9.38 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.1%. This strong growth can be associated with the advent of sophisticated materials and manufacturing technology, an upturn in electric and hybrid vehicle production, an intensified emphasis on enhancing vehicle passenger comfort and convenience, heightened consumer preference for well-organized automotive storage solutions, and the development of durable yet lightweight drawer slide components. Prevailing trends during this forecast period include the use of advanced materials, enhancements in slide design to maximize functionality and vehicle space, the implementation of motorized and automated drawer slide systems, the incorporation of environment-friendly materials and processes, and the preference for lightweight materials.
What Factors Are Propelling the Expansion of the Automotive Drawer Slides Market?
The anticipated surge in the manufacturing of passenger vehicles is set to trigger an expansion in the automotive drawer slides market. Essentially, passenger vehicles, designed predominantly for moving people rather than cargo, are powered by consumer demand, better accessibility to car ownership, advancements in automotive technology, and the dynamics of the competitive market. Automotive drawer slides contribute to these vehicles by improving storage efficiency, interior space management, and overall comfort and functionality for passengers. For example, the Department of Infrastructure, Transport, Regional Development, Communications and the Arts, a governmental body from Australia tasked with executing Australian government policy and programs, reported that the sum of battery electric vehicles (BEVs) in Australia came to approximately 40,000 as of January 31, 2022, showing a 100% rise from 2021. Among them, passenger cars stood at 34,200, marking a 118% surge from the prior year. Consequently, the escalating production of passenger vehicles propels the growth of the automotive drawer slide market.
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Which Leading Companies Are Shaping the Growth of the Automotive Drawer Slides Market?
Major companies operating in the automotive drawer slides market are Siemens AG, Honeywell International Inc., Parker-Hannifin Corporation, Southco Inc., Accuride Corporation, Knape & Vogt Manufacturing Company, Destaco, King Slide Works Co. Ltd., Jonathan Engineered Solutions, Thomas Regout International B.V., Monroe Engineering LLC, Sugatsune Kogyo Co Ltd, D&d Technologies LLP, Jet Press Ltd, Siso A/S, Emka SA., Del-Tron Precision Inc., Fulterer USA Inc., Tusk Direct Inc., ITW Automotive Products GmbH
What Are the Major Trends Shaping the Automotive Drawer Slides Market?
Leading corporations within the automotive drawer slides market are pioneering inventive resolutions by introducing high-tech products such as future generation drawer systems. These efforts aim to heighten capability and cater to the progressive consumer requirements of performance and longevity. The future-gen drawer systems notably amplify the effectiveness, safety, and customer interaction in automobile uses, thus making them an integral part of contemporary vehicles across diverse sectors. To elaborate, in October 2023, DECKED, an American cargo van storage systems manufacturer, unveiled innovative drawer systems for pickup trucks. These systems augment storage and arrangement for outdoor aficionados, granting additional capacity, enhanced weather resistance, and incorporated cargo tie-downs. The technological progress encompasses new moulding methods for increased sturdiness and revamped components for advanced environmental shielding. This groundbreaking approach establishes a fresh benchmark in the domain of automotive drawer slides, maximizing space and utility for both full-sized and mid-sized truck models.
What Are the Key Segments of the Automotive Drawer Slides Market?
The automotive drawer slides market covered in this report is segmented -
1) By Type: Aluminum Automotive Drawer Slide, Steel Automotive Drawer Slide, Stainless Steel Automotive Drawer Slide
2) By Design: Lock Out, Lock In, Pocket And Bayonet Mounting
3) By Weight: Light Duty, Medium Duty, Heavy Duty
4) By Mounting Type: Bottom Mounted, Cabinet Mounted, Drawer Mounted, Other Mounting Types
5) By Application: Fire Truck, Ambulance, Armored Security Vehicle, Other Applications
Subsegments:
Here is the list following the requested format:
1) By Aluminum Automotive Drawer Slide: Single Extension Aluminum Drawer Slides, Full Extension Aluminum Drawer Slides
2) By Steel Automotive Drawer Slide: Single Extension Steel Drawer Slides, Full Extension Steel Drawer Slides
3) By Stainless Steel Automotive Drawer Slide: Single Extension Stainless Steel Drawer Slides, Full Extension Stainless Steel Drawer Slides
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Which Region Dominates the Automotive Drawer Slides Market?
North America was the largest region in the automotive drawer slides market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive drawer slides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Automotive Drawer Slides Global Market Report?
- Market Size Analysis: Analyze the Automotive Drawer Slides Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Drawer Slides Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Drawer Slides Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Drawer Slides Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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