Automotive Closures Market
Automotive Closures Market Study by Bonnets, Doors, Windows, and Sunroofs from 2023 to 2033
Analysis of Automotive Closures Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Automotive Closure Market Outlook (2023 to 2033)
Automotive Closures are automobile parts that come with a complex and characteristic arrangement and facilitate various movements, such as opening and closing, sliding, etc. automobile parts, such as 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.
The product line has seen numerous developments in the automobile closures industry. The market has changed as a result 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. One of the most recent developments in the exterior styling of passenger vehicles that fall under the umbrella is the introduction of panoramic sunroofs.
Moreover, Automobile sales are recovering from the decline imposed due to the pandemic making it reach USD 66.7 million units sold in 2021. The expansion of cars is anticipated to increase demand for closures.
In 2021, 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. The high population level in this country accompanied by the rise in motorization are likely to foster demand for vehicle parts.
Don't Need a Global Report?
save 40%! on Country & Region specific reports
What are possible innovations that drive growth in the 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 like 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 as a result 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.
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 nations like 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.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
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, etc.
As a result, manufacturers are likely to focus on the improvement of safety and reduce the weight of automotive parts in the forecast period 2023-2033. Some of the key players in the industry are-
- Continental AG
- Magna International Inc
- Johnson Electric
- Robert Bosch GmbH
- Aisin Seiki. Co. Ltd.
- Ford Motor Company
- General Motors
- Toyota Motor Corporation
- Volkswagen AG
- Honda Motor Company, Ltd.
Segment Wise Insights
On the basis of 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 door is likely to fetch more product revenue share attributed to the rising 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.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Segmentation
-
By Source Type :
- Manual
- Powered
-
By Vehicle Type :
- Electric Vehicle
- Passenger vehicle
- Light commercial vehicle (LCV)
- Heavy commercial vehicle (HCV)
-
By Product Type :
- Bonnets
- Doors
- Windows
- Sunroof
- Rear hatch
- Fuel door
-
By Regions :
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- Middle East and Africa
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.
Don't Need a Global Report?
save 40%! on Country & Region specific reports
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
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
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 demand in the industry?
The market is likely to expand as a result of 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 Closures Market