Automotive Closure Market
Automotive Closure Market Study by Bonnets, Doors, Windows, Sunroof, Rear Hatch, and Fuel Doors for Electric Vehicles, Passenger Vehicles, Light Commercial Vehicles, and Others From 2024 to 2034
Analysis of Automotive Closure Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Automotive Closure Market Outlook (2024 to 2034)
Expanding at a CAGR of 4.9%, the global automotive closure market is projected to increase from a valuation of US$ 27.35 billion in 2024 to US$ 56.38 billion by 2034.
Since they make all access and handling procedures easier, automotive closures are essential parts of automobiles. Due to their critical role in overall aerodynamics, these closures are significant in automotive design.
Automotive closures include a variety of components, including windows, fuel doors, sliding doors, sunroofs, rear doors, side doors, and bonnets. The car industry's continuous research and development efforts have resulted in the electrical functioning of these closures, which were formerly operated manually.
To improve fuel economy and lower carbon emissions, more automakers aggressively research weight reduction techniques. Aluminum is used in automobile closures and electronics integration as part of the push for lighter vehicles, which helps to reduce weight.
Worldwide demand for automotive closure for internal combustion engines (ICE) and electric vehicles (EV) is anticipated to expand because of the rise of biometric vehicle access systems and the rising customer desire for comfort and luxury amenities in automobiles.
The growing demand for cars is driving up production, which in turn is driving development, as per the automotive closure industry analysis. Passenger automobiles are anticipated to have the largest share among several market categories.
The need for cutting-edge features in cars and consumers' increased expenditure will fuel the expansion of the automotive closure market going forward. For example, premium cars with amenities, such as power convertible roofs, side door closure systems, and sunroofs are highly sought after in Europe and America.
| Report Attribute | Detail |
|---|---|
| Automotive Closure Market Size (2024E) | US$ 27.35 Billion |
| Forecasted Market Value (2034F) | US$ 56.38 Billion |
| Global Market Growth Rate (2024 to 2034) | 4.9% CAGR |
| Canada Market Growth Rate (2024 to 2034) | 5.9% CAGR |
| China Market Value (2034F) | US$ 9.69 Billion |
| North America Market Share (2024E) | 31.9% |
| East Asia Market Share (2034F) | 26.3% |
| Key Companies Profiled | Continental AG; Magna International Inc.; Robert Bosch GmbH; Aisin Seiki Co Ltd; Denso Corporation; Johnson Electric; Omron Corporation; Mitsuba Corporation; Panasonic Corporation; Delphi Automotive PLC |
Automotive Closures are automobile parts that come with a complex and characteristic arrangement and facilitate movements, such as opening, closing, and sliding, along with automobile parts, including bonnets, back doors, side doors, sunroofs, sliding doors, windows, hoods, and fuel doors are also referred to as vehicle closers. Previously the closures were mechanically operated as identified in the automotive closure industry analysis.
The product line has seen numerous developments in the automobile closures industry. The market has changed because of evolving designs, better interiors and exteriors, and a steady trend toward efficient vehicles.
The market's product line-up is anticipated to expand in step with new designs and innovation as consumer tastes change, as mentioned in the automotive closure industry outlook. One of the most recent developments in the exterior styling of passenger vehicles that fall under the umbrella is the introduction of panoramic sunroofs.
The expansion of cars is anticipated to increase demand for closures. The market in China was the largest vehicle market recording the highest amount of sales of automobiles. This country is dominant in this position both in terms of supply and demand.
As mentioned in the newly published Fact.MR automotive closure industry outlook, the high population level in this country accompanied by the rise in motorization is fostering demand for vehicle parts.
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What are Possible Innovations that Drive Growth in the Automotive Closure Market?
Light and compact designs to get attention from manufacturers in the forecast period. Automobile producers are converting to lighter materials for the production of automobile closures, interior components, and bodies of automotive, such as cars and other vehicles since lighter vehicles require less energy to drive.
The market is anticipated to benefit from the trend towards lightweight materials, as there has been a noticeable shift away from steel to aluminum for the production of automobile closures. The way car closures are made will undoubtedly change because of enhancements to the vehicle's overall performance and decreased fuel and energy consumption brought on by the use of lighter materials.
Growing EVM Trend to Integrate Electronics into Automobiles
Increasing research and developments in the automobile industry have led to the integration of electronics, thereby leading to the development of novel product solutions. Electronics has over time evolved into the most crucial part of an automobile.
The integration of electronics has provided new growth dimensions to vehicle safety systems. With the advancing closure technology, the integration of electronics into closure systems is expected to open new grounds for the growth of the market. Manufacturers, these days, are feeling compelled to decrease the overall weight of automobile components to bring the overall weight of automobiles, which will eventually decrease carbon emissions below the acceptable limit.
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Regional Outlook
Due to the presence of significant OEM companies in the region, Europe accounts for a sizable portion of the global market. North America is then followed by Europe. However, Asia Pacific is anticipated to experience strong growth in the market over the course of the forecast period due to rising income levels and per capita income of the population in these nations and a lower vehicle concentration than in developed economies.
The promotion of manufacturing by governments in countries, such as China and India will also contribute to the expansion of the vehicle industry, which will have an impact on the expansion of the market for automotive parts. The regions of Europe, North America, and Asia Pacific are anticipated to account for more than half of the market globally. According to estimates, the rest of the world only makes up a minor portion of the market.
Key players
Autonomous vehicle technology is widely regarded as the future of motorized mobility because it is continuously improving, bringing significant benefits to humanity in terms of reducing traffic congestion, improving safety, providing stress-free travel, saving money on fuel, reducing pollutant emissions, and others.
As a result, manufacturers are focusing on the improvement of safety and reducing the weight of automotive parts in the forecast period 2024 to 2034. Some of the key players in the automotive closure market are:
- Continental AG
- Magna International Inc.
- Robert Bosch GmbH
- Aisin Seiki Co Ltd
- Denso Corporation
- Johnson Electric
- Omron Corporation
- Mitsuba Corporation
- Panasonic Corporation
- Delphi Automotive PLC
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Segment Wise Insights
Based on vehicle type, the majority of demand is expected from passenger vehicles owing to a rise in per capita income and the purchase of passenger cars across the globe. The rise in sales of luxury cars is a key driver of market growth. Plug-in hybrid electric vehicles are also expected to bring the lead in the market based on the electric vehicle segment growth.
Power sliding doors are projected to fetch more product revenue share attributed to the rise in the use of minivans in North America and Europe. The rising awareness about safety and security features among consumers is another key driver of growth projected in this segment.
Segmentation of the Automotive Closure Market Research
-
By Source Type :
- Manual
- Powered
-
By Vehicle Type :
- Electric Vehicles
- Passenger Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
-
By Product Type :
- Bonnets
- Doors
- Windows
- Sunroof
- Rear Hatch
- Fuel Door
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Source Type
- 6.2. Vehicle Type
- 6.3. Product Type
- 7. Global Market Analysis and Forecast, By Source Type
- 7.1. Manual
- 7.2. Powered
- 8. Global Market Analysis and Forecast, By Vehicle Type
- 8.1. Electric Vehicle
- 8.2. Passenger vehicle
- 8.3. Light commercial vehicle (LCV)
- 8.4. Heavy commercial vehicle (HCV)
- 9. Global Market Analysis and Forecast, By Product Type
- 9.1. Bonnets
- 9.2. Doors
- 9.3. Windows
- 9.4. Sunroof
- 9.5. Rear hatch
- 9.6. Fuel door
- 10. Global Market Analysis and Forecast, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. East Asia
- 10.6. South Asia & Pacific
- 10.7. MEA
- 11. North America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 16. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 17. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 18. Sales Forecast by Source Type, Vehicle Type, and Product Type for 30 Countries
- 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 20. Company Profile
- 20.1. Continental AG
- 20.2. Magna International Inc
- 20.3. Johnson Electric
- 20.4. Robert Bosch GmbH
- 20.5. Aisin Seiki. Co. Ltd.
- 20.6. Ford Motor Company
- 20.7. General Motors
- 20.8. Toyota Motor Corporation
- 20.9. Volkswagen AG
- 20.10. Honda Motor Company, Ltd.
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List Of Table
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Source Type
Table 03: Global Market US$ Mn Forecast by Vehicle Type
Table 04: Global Market US$ Mn Forecast by Product Type
Table 05: North America Market US$ Mn Forecast by Country
Table 06: North America Market US$ Mn Forecast by Source Type
Table 07: North America Market US$ Mn Forecast by Vehicle Type
Table 08: North America Market US$ Mn Forecast by Product Type
Table 09: Latin America Market US$ Mn Forecast by Country
Table 10: Latin America Market US$ Mn Forecast by Source Type
Table 11: Latin America Market US$ Mn Forecast by Vehicle Type
Table 12: Latin America Market US$ Mn Forecast by Product Type
Table 13: Western Europe Market US$ Mn Forecast by Country
Table 14: Western Europe Market US$ Mn Forecast by Source Type
Table 15: Western Europe Market US$ Mn Forecast by Vehicle Type
Table 16: Western Europe Market US$ Mn Forecast by Product Type
Table 17: Eastern Europe Market US$ Mn Forecast by Country
Table 18: Eastern Europe Market US$ Mn Forecast by Source Type
Table 19: Eastern Europe Market US$ Mn Forecast by Vehicle Type
Table 20: Eastern Europe Market US$ Mn Forecast by Product Type
Table 21: East Asia Market US$ Mn Forecast by Country
Table 22: East Asia Market US$ Mn Forecast by Source Type
Table 23: East Asia Market US$ Mn Forecast by Vehicle Type
Table 24: East Asia Market US$ Mn Forecast by Product Type
Table 25: South Asia & Pacific Market US$ Mn Forecast by Country
Table 26: South Asia & Pacific Market US$ Mn Forecast by Source Type
Table 27: South Asia & Pacific Market US$ Mn Forecast by Vehicle Type
Table 28: South Asia & Pacific Market US$ Mn Forecast by Product Type
Table 29: MEA Market US$ Mn Forecast by Country
Table 30: MEA Market US$ Mn Forecast by Source Type
Table 31: MEA Market US$ Mn Forecast by Vehicle Type
Table 32: MEA Market US$ Mn Forecast by Product Type
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Insights on import/export production,
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List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Source Type
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 04: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 05: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Source Type
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 07: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 08: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 09: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Source Type
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Source Type
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Source Type
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Source Type
Figure 22: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 23: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 24: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Source Type
Figure 26: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 27: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 28: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Source Type
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Vehicle Type
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What are the drivers of the automotive closure market?
The automotive closure market is expanding with evolving designs, better interiors and exteriors, and a steady trend toward efficient vehicles.
What are the focus areas of manufacturers while designing automotive closures?
Manufacturers pay attention to vehicle safety and reduce the weight of components while keeping in mind innovative designs.
Which market segments are covered in this study?
The market segments included in the report are product type, source type, vehicle type, and regions.
Automotive Closure Market