Automotive Window Regulator Market Projected To Reach ~US$ 13.7 Bn In 2021, Expanding At A CAGR Of ~4.5% In 2021-2031
As per Future Market Insights (FMI) analysis, the automotive window regulator market is projected to be valued at ~US$ 13.7 Bn in 2021, expanding at a CAGR of ~4.5% over the forecast period of 2021-2031.
Windows are a safety feature in vehicles and the rising demand for advanced automotive electronic components to ascertain enhanced safety of passengers is expected to be the key factor driving the automotive window regulator market throughout the forecast period.
The ongoing crisis caused by COVID-19 pandemic had a severe impact on the global economy. It resulted in complete shutdown of supply chain networks and manufacturing facilities around the world.
Subsequently lockdown restrictions imposed during the pandemic affected the automotive window regulator market, causing a significant slump in the growth. However, automotive window regulator market is expected to recover as economic activities resume post the containment of pandemic.
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Key Takeaways of Automotive Window Regulator Market Study
- Passenger cars are expected to account for nearly 80% sales in automotive window regulator market.
- On the basis of product type, demand in the automated segment is estimated pick up pace and account for 87% of sales in 2021.
- East Asia will emerge as a highly lucrative market. China is expected to be at the forefront, driving sales of automotive window regulators in East Asia.
- The presence of some of the leading automakers positions Germany as a highly attractive market within Europe.
- Consistently surging passenger vehicle production will enable growth in the U.S.
“Due to frequent use of window regulators in cars, trucks, and industrial vehicles, it has become very important for manufacturers to make high quality window regulators that offer both longevity and reliability. Geographical expansion, partnerships & collaborations and development of innovative technologies are some of the popular growth strategies adopted by market players,” says a Future Market Insights analyst.
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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
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The automotive window regulator market is moderately fragmented, in which the leading players account for nearly half of the market share. The penetration of smaller regional players makes this market more competitive.
Some of the key players in the market are Brose Fahrzeugteile GmbH & CO. Kg, Group Antolin- Irausa SA, Hi- Lex Corporation, Imasen Electric Industrial Co. Ltd., Valeo SA, Magna International, Shiroki Corporation, Robert Bosch GmbH, Continental AG, Kongsberg Automotive, Castellon Automotive, Inteva Products, Johnan Manufacturing, IFB Automotive Pvt Ltd., Tokai Rika and others.
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