Automotive Comfort and Closure Motors Market Summary
As per Market Research Future Analysis, the Automotive Comfort and Closure Motors and Actuators Market was valued at USD 6912.8 million in 2023 and is projected to grow to USD 13471.9 million by 2032, reflecting a CAGR of 7.7% from 2024 to 2032. This market encompasses essential components that enhance passenger comfort and convenience in vehicles, including power windows, seat adjustments, and sunroofs. The growth is driven by rising demand for premium vehicles and a focus on safety and security. Key trends include miniaturization and noise reduction, which improve performance and user experience. The market is segmented by offering, application, vehicle propulsion, vehicle type, sales channel, and region.
Key Market Trends & Highlights
The Automotive Comfort and Closure Motors and Actuators Market is witnessing significant trends and developments.
- Market Size in 2023: USD 6912.8 million.
- Projected Market Size by 2032: USD 13471.9 million.
- CAGR from 2024 to 2032: 7.7%.
- Largest Market Share in 2023: Asia Pacific.
Market Size & Forecast
2023 Market Size | USD 6912.8 million |
2024 Market Size | USD 7404.56 million |
2032 Market Size | USD 13471.9 million |
CAGR (2024-2032) | 7.7% |
Major Players
NMB Technologies Corporation, Brose, SHENGHUABO Group Co. Ltd, Keiper Seating Mechanisms Co, Ltd, Mabuchi Motor Co., Ltd, Mitsuba Corp., Johnson Electric Holdings Limited, Robert Bosch GMBH, Denso Corporation, FORVIA, PORTESCAP, Hella GMBH & Co. KGAA, Continental AG, Nidec Corporation, Mahle GMBH, EFI Automotive, Valeo SE, Nook Industries Inc.