Technavio, a tech-focused market research firm, has published a new report on the global automotive soft-close door market, which is expected to grow at a CAGR of close to 8% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the market into the following key regions: The Americas, APAC, and EMEA.
|
GEOGRAPHICAL REGIONS |
MARKET SHARE 2016 (%) |
|
EMEA |
45.97% |
|
APAC |
36.14% |
|
Americas |
17.90% |
Source: Technavio
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Automotive soft-close door market in EMEA: The adoption of soft-close door system is prominent in luxury and premium cars that account for a substantial market share in developed economies such as Europe. It is expected that the cost of these systems will decrease due to the technological advancements and economies of scale, and will be adopted in non-luxury vehicles as well.
According to Siddarth Jaiswal, a lead analyst at Technavio, specializing in research on automotive electronics, “Europe rules the automotive soft-close door market due to the increasing sales of luxury and premium cars. Most of the luxury car manufacturers, including BMW and Audi that offer this feature as a standard fitment in flagship models are based in Europe.”
The increase in the production of automobiles in MEA is also expected to contribute to the automotive soft-close door market during the forecast period.
Automotive soft-close door market in APAC: The market in APAC is anticipated to witness an impressive growth during the forecast period. India, China, and Japan are the major emerging markets in this region because of the growing demand for luxury cars. Many luxury car manufacturers such as BMW, Porsche, and Mercedes have developed a strategy of downsizing cars, thereby making it affordable for the masses in these economies.
Automotive soft-close door market in the Americas: The upsurge in the demand for safety features is driving the automotive soft-close door market in the Americas. The US, Canada, and Brazil are the prominent regions in the market. The consumer information programs by the National Highway Traffic Safety Administration (NHTSA) are expected to enhance safety features for vehicles in the US.
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The top leading vendors operating in the global automotive soft-close door market are:
- Brose
- Continental
- Johnson Electric
- Kiekert
- U-Shin
Other prominent vendors in the market include SlamStop, Witte, Mabuchi Motor, Hoerbiger, IFB Automotive, MITSUBA, Inteva Products, STMicroelectronics, and TLX Technologies.
A more detailed analysis is available in the Technavio report titled, ‘Global Automotive Soft-Close Door Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Automotive Adaptive Front Lighting System Market 2016-2020
- Global Automotive Traffic Sign Recognition System Market 2016-2020
- Global Automotive Advanced Emergency Braking System Market 2016-2020
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