Increasing Focus Toward Safety, Security, & Hands-Free Operation to Drive the Automotive Closure Market - PowerPoint PPT Presentation

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Increasing Focus Toward Safety, Security, & Hands-Free Operation to Drive the Automotive Closure Market

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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. – PowerPoint PPT presentation

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Title: Increasing Focus Toward Safety, Security, & Hands-Free Operation to Drive the Automotive Closure Market


1
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
www.MarketsandMarkets.com
2
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 2017. 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
https//www.marketsandmarkets.com/pdfdownload.asp
?id218934682

3
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 2022. 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
https//www.marketsandmarkets.com/requestCustomi
zation.asp?id218934682
4
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 Sample _at_ https//www.marketsandmarkets.com
/requestsample.asp?id218934682
5
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
worlds highest vehicle production. The
automobile industry is flourishing continuously,
especially in South Asia. Chinas initiative to
reduce sales tax for passenger vehicles is
expected to expand the overall volume of vehicle
production by 1516 in 2016. 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 analyst _at_ https//www.marketsand
markets.com/speaktoanalyst.asp?id218934682
6
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 https//www.marketsandmark
ets.com/Purchase/purchase_report1.asp?id218934682

7
Browse gtgt 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.
8
ContactMr. Shelly SinghMarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 sales_at_marketsandmarke
ts.com
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