Automotive Closure Market for EV & ICE by Application (Power- Window, Sunroof, Tailgate, Convertible Roof, Sliding Door, and Side Door), Component (Switch, ECU, Latch, Motor/Actuator, Relay), Type (Manual and Powered), and Region - Global Forecast to 2022

Hybrid Electric Vehicle (HEV) segment is estimated to hold the largest share of the automotive closure market for electric vehicles. The HEV segment is estimated to hold the largest market size in the automotive closure market in The dependence on gasoline and diesel engines as the primary automobile powertrain technology has raised many environmental concerns such as global warming. In response to the concern and increasing demand for eco-friendly and fuel-efficient technologies, OEMs such as Toyota Motor Corporation (Japan) with its Camry and Prius brand, Ford Motor Company (U.S.) with its Fusion brand, and Honda Motor Co., Ltd. (Japan) with its Civic brand, are developing hybrid technologies to cater to these needs. Automakers are seeing hybrid vehicles to be the gateway to fully electric vehicles. Similarly, government tax incentives and state rebates have boosted the proliferation of HEVs. This would also drive the demand for HEVs. Majority of HEVs are employed with power windows and power tailgate, hence driving the demand for the automotive closure applications in the near future in the HEV segment. PDF Brochure :

Latch is estimated to be the fastest growing component segment in the automotive closure market. The latch segment is projected to grow at the fastest growth rate during the forecast period from 2017 to The Europe region is estimated to witness a high growth in latch production. New technologies such as hands-free opening doors, LED latches, and collision avoidance closure system had increased the production demand of technically advanced latches in automotive closure applications. Currently, an E-latch is the demand of all the premium vehicle manufacturers and drivers worldwide. An E- Latch eliminates all the hardware functions from the conventional door system which reduces cost and weight while improving safety. Also, the growing demand for highly safe & secure automotive closure systems and the increasing production of automobiles would boost the growth of the latches segment in the automotive closure market in the near future. Request for Customization :

Passenger cars are estimated to be the largest segment of the automotive closure market, by vehicle type. The increase in vehicle production and growing demand for luxury vehicles are driving the market for automotive closure in the passenger car segment. One of the major factors for the growth of the automotive closure market in the passenger car segment is the rising sales of luxury vehicles in Europe and North America. Advanced automotive closure applications such as power sunroof, side door closure system, and power convertible roof are employed in these vehicles or provided as an optional feature. Plug-in Hybrid Electric Vehicles (PHEVs) are projected to lead the automotive closure market, by electric vehicle type. OEMs and Tier-1 suppliers are working on the development of components and systems that are lighter and more efficient in order to comply with the emission and fuel economy standards by converting several mechanically operated systems such as window, tailgate, and sliding door into powered. Request

Asia Oceania region is estimated to be the leading market for automotive closures Asia Oceania is the leading the automotive closure market as the region represents countries such as China, Japan, South Korea, and India with the world’s highest vehicle production. The automobile industry is flourishing continuously, especially in South Asia. China’s initiative to reduce sales tax for passenger vehicles is expected to expand the overall volume of vehicle production by 15%–16% in India is also expected to be the fastest growing market due to the increasing disposable income of people. Increased sales of premium cars would influence the automotive closure market. For Instance, premium car sales are increased by 14% from 2015 to 2016 in China. Also, the demand for increased electronic components in vehicles helps to increase the trend of automotive power closures over manual closures. The key automotive closure manufacturers profiled in the report include Continental AG (Germany), Magna International Inc. (Canada), Robert Bosch GmbH (Germany), and Aisin Seiki. Co. Ltd (Japan). These systems and technologies are supplied to automotive OEMs such as Volkswagen AG (Germany), General Motors (U.S.), Toyota Motor Corporation (Japan), and others. Speak to

Market Ecosystem: The ecosystem of the automotive closure market consists of manufacturers and service providers such as Continental AG (Germany), Magna International Inc. (Canada), Robert Bosch GmbH (Germany), and Aisin Seiki. Co. Ltd (Japan). These systems and technologies are supplied to automotive OEMs such as Volkswagen AG (Germany), General Motors (U.S.), Toyota Motor Corporation (Japan), and others. Buy Now:

Browse >> 108 market data tables 45 figures 206 pages and in-depth TOC "Automotive Closure Market for EV & ICE by Application (Power- Window, Sunroof, Tailgate, Convertible Roof, Sliding Door, and Side Door), Component (Switch, ECU, Latch, Motor/Actuator, Relay), Type (Manual and Powered), and Region - Global Forecast to 2022"Early buyers will receive 10% customization on this report. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

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