During the projection period, a strong 4.5% CAGR is predicted for demand in the automotive window regulator market. According to Future Market Insights (FMI), the market will be worth more than $21.2 billion in 2031.
Many advancements in vehicle automation are the result of global automakers’ growing inclination to equip their vehicles with a variety of automated capabilities. In the modern car industry, automatic window regulators are increasingly replacing manual ones.
The largest market for automotive window regulators will continue to be APEJ. Asia Pacific Excluding Japan (APEJ), which is anticipated to grow at a 4.4% CAGR during the forecast period, is anticipated to continue to be the largest market for automotive window regulators in terms of volume. In the APEJ, sales of automobile window regulators will total 211,633 thousand units in 2017, and by 2027, it is anticipated that this number will approach 300,000 thousand units.
Download Sample Copy:
Additionally, by the end of 2027, Middle East & Africa (MEA) is anticipated to rank as the second-most lucrative region in the market. Through 2027, the MEA automotive window regulator market is anticipated to grow at a 4.3% CAGR.
In terms of volume, OEM will continue to be the favoured sales channel in the market. By the end of 2027, it is anticipated that OEM will have sold almost 500,000 units of car window regulators worldwide. OEM and Aftermarket sales channels are anticipated to grow together in volume at a 3.3% CAGR over the course of the forecast period.
Aftermarket sales channel is expected to hold low market share by 2027. This is primarily attributed to low breakdown rate, replacement rate and consumer preference to stick to default automotive window regulator present in the vehicle.
Passenger Cars to Exhibit Highest Demand for Automotive Window Regulators by 2027-end
Adoption of automotive window regulator is expected to remain highest in passenger cars, based on vehicle type. Demand for automotive window regulator in passenger cars is expected to reach 530,539 thousand units by 2027-end. In contrast, HCVs are estimated to exhibit lowest demand for automated window regulator during the forecast period.
By construction, cable type automated window regulators will remain preferred in the market. In terms of volume, demand for double rail cable is projected to grow at 3.9% CAGR through 2027.
On the basis of product type, automated window regulators will remain dominant in the market, with their sales projected to exceed 500,000 thousand units by 2027-end. This is attributed to functionality and lightweight characteristics offered by automated window regulators.
In contrast, manual window regulators will witness a sluggish growth in sales during the forecast period. Frequent wear & tear off and complex structure of manual window regulators will impede their demand growth.
Get Your Report Customize, Visit:
Increasing Demand for Personal Vehicles to Sustain Market Growth in APEJ
India and China are prominent markets for car manufacturers owing to growing population and increasing need for personal vehicles. In addition, many banks and financial institutes are offering various loan schemes, making it easy for people to own a car. These factors are expected to sustain market growth in APEJ. In contrast, people in this region are shifting toward power window regulator, owing to their better functionality. This is estimated to restrain growth of the market in APEJ.
Demand for aftermarket is witnessing a surge in MEA, owing to absence of manufacturing plants in this region. GCC countries import cars form other regions for sale. Increasing consumer dependence on aftermarket is projected to fuel market growth in MEA. In contrast, factors such as political unrest and sluggish demand for automotive industry are expected to impede market growth in MEA during the forecast period.
Key market players identified in FMI’s report include:
Brose Fahrzeugteile GmbH & Co.KG, Grupo Antolin Irausa S.A., Hi-Lex Corporation, Imasen Electric Industrial Co. Ltd., Valeo SA, Magna International Inc., Shiroki Corporation, Robert Bosch GmbH, Kongsberg Automotive, Castellon Automotive SA, Johnan Manufacturing Inc., KÜSTER Holding GmbH, IFB Automotive Pvt. Ltd., Aditya Auto and Engineering Pvt. Ltd., Kwangjin Sang Gong Co. Ltd., Futuris Group of Companies.
Automotive Window Regulator Market by Category
- Cable Type
- Single Rail
- Double Rail
- Single Arm
- X Arm
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Speak to our Research Expert:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Future Market Insights Inc.
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
For Sales Enquiries: email@example.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn | Twitter | Blogs