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Automotive Window Regulator Market

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Global sales of automotive window regulators will reach 454,325 thousand units in 2017, according to a report by Future Market Insights (FMI). FMI’s report estimates the global automotive window regulator market to register 3.3% CAGR in terms of vol
Automotive Window Regulator Market to Reach an Estimated Value of 600,000 thousand
units in sales by 2027-end
Increasing shifts of global automobile manufacturers toward imparting a number of
automated features into vehicles has led to many developments automation of vehicles.
Manual window regulators being replaced by automated ones has become a common
sight in current automotive world. Global sales of automotive window regulators will reach
454,325 thousand units in 2017, according to a report by Future Market Insights (FMI).
FMI’s report estimates the global automotive window regulator market to register 3.3%
CAGR in terms of volume, to surpass 600,000 thousand units in sales by 2027-end.
In terms of volume, Asia Pacific Excluding Japan (APEJ) is projected to remain the largest
market for automotive window regulator, expanding at 4.4% CAGR during the forecast
period. Sales of automotive window regulator in APEJ will reach 211,633 thousand units in
2017; by 2027 this number is estimated to surpass 300,000 thousand units. In addition,
Middle East & Africa (MEA) is expected to be second-most lucrative region in the market
by 2027-end. MEA market for automotive window regulator is projected to exhibit 4.3%
CAGR through 2027.
OEM will remain the preferred sales channel in the market, in terms of volume. Global
sales of automotive window regulator through OEM is estimated to reach nearly 500,000
units by 2027-end. In terms of volume, OEM and Aftermarket sales channels are projected
to witness parallel expansion at 3.3% CAGR during 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.
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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.
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.
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Author
ashutosh
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