Press release
Impact Of Increased Passenger Vehicle Production On Automotive Drawer Slides Market: Core Growth Enabler in the Automotive Drawer Slides Market, 2025
Automotive Drawer Slides
What Will the Automotive Drawer Slides Industry Market Size Be by 2025?
The market size of automotive drawer slides has seen a robust growth over the past few years. It's expected to increase from $6.64 billion in 2024 to $7.13 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%. Factors contributing to the historic growth pattern include the rise in demand for adaptable drawer designs, the progression of lightweight materials, expansion in the furniture and cabinetry sectors, increased desire for ergonomic and compact solutions, as well as the creation of corrosion-resistant coatings for enhanced durability.
What's the Long-Term Growth Forecast for the Automotive Drawer Slides Market Size Through 2029?
The automobile drawer slide industry is predicted to experience impressive expansion in the upcoming years, reaching $9.38 billion by 2029 with a compound annual growth rate of 7.1%. This anticipated escalation for the forecast time frame can be connected to the evolution of innovative materials and manufacturing methods, an increase in the production of electric and hybrid vehicles, a heightened emphasis on improving comfort and ease for passengers in vehicles, a growing customer inclination towards structured storage solutions in cars, and the creation of lightweight and long-lasting drawer slide components. Noteworthy trends predicted for the forecast period embrace the uptake of high-tech materials, enhancements in slide design for vehicle space and functionality optimization, the incorporation of automated and motorized drawer slide systems, the use of environmentally-friendly materials and procedures, and the preference for lightweight materials.
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What Are the Key Growth Drivers Fueling the Automotive Drawer Slides Market Expansion?
The expansion of the automotive drawer slides market is expected to be catalyzed by the rise in production of passenger vehicles. Passenger vehicles, primarily intended to transport passengers instead of goods or cargo, are driven by consumer demand, technological advancements in the automotive industry, and market competitiveness. Automotive drawer slides enable these vehicles to enhance storage efficiency, optimize interior space, and promote overall comfort and function for passengers. For example, the Australian Department of Infrastructure, Transport, Regional Development, Communications, and the Arts revealed that there were about 40,000 battery electric vehicles (BEVs) in Australia by January 31, 2022, according to their February 2024 report. This represented a 100% growth from 2021. Out of these, 34,200 were passenger vehicles, marking a 118% rise from the previous year. Consequently, the upward trend in passenger vehicle production is propelling the growth of the market for automotive drawer slides.
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What Are the Key Trends Driving Automotive Drawer Slides Market Growth?
Leading businesses in the automotive drawer slides market are undertaking the creation of inventive solutions by debuting advanced product offerings, like the next-generation drawer systems, to amplify functionality and satisfy the changing demands of customers for efficiency and resilience. These upcoming drawer systems greatly augment the effectiveness, safety, and user experience in automotive implementations, making them an esteemed element in the modern-day vehicles across different sectors. To illustrate, DECKED, a US manufacturer known for its cargo van storage systems, announced the introduction of advanced drawer systems for pickup trucks in October 2023. These systems amplify storage and systematization for outdoor aficionados by providing augmented capacity, better weatherproofing, and integrated cargo tie-downs. The advancements in the technology included redesigned parts for increased environment protection and new molding techniques for augmented durability. This novel invention is creating a new benchmark in the automotive drawer slides, maximizing space and purpose for both full-sized and mid-sized truck models.
How Is the Automotive Drawer Slides Market Segmented?
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 Companies Are Leading the Charge in Automotive Drawer Slides Market Innovation?
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
Which Regions Are Leading the Global Automotive Drawer Slides Market in Revenue?
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.
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