The Automotive Window Regulator Market Size was valued at USD 7.08 Billion in 2022. The Global automotive Window Regulator industry is projected to reach USD 10.12 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.30% during the forecast period (2023 - 2032). This study on the global Automotive Window Regulator Market provides detailed information on industry trends, market dynamics, market size, competitive landscape, and growth opportunities.
This research report categorizes the global Automotive Window Regulator market by type, technology, propulsion, sales channel, vehicle type and region. Window regulator is the mechanical mechanism that automatic or manual controls the up and down motion of an automobile window. Rising demand for high-performance vehicles, increasing electrification in automobiles, growing sales of electric vehicles, increase in demand for comfort and value-added features in vehicles are the key factors driving the global automotive window regulator market.
In 2022, BringATrailer.com, a pioneer in the sale of classic cars, recorded sales worth USD 1.35 billion. This rising popularity of classic vehicles will thus boost the requirement for scissor car window regulators globally.
In January 2023, China announced the launch of a state-owned transportation platform, which includes ride-hailing. Initiatives such as these will proliferate the reliance on automotive window regulator mechanisms for commercial vehicle applications.
In March 2023, Tesla received USD 330 million in tax breaks from Nevada as part of the commitment to the construction of an electric semi-truck factory.
The global Automotive Window Regulator market have witnessed significant growth over the forecast period due to the rising demand for high-performance vehicles, and increasing electrification in automobiles.
Key players operating in the global Automotive Window Regulator market include Brose Fahrzeugteile SE & Co. KG, Valeo Service, SHIROKI, Grupo Antolin, Dura Automotive Systems, WONH Industries co, ltd., TRAC Auto Transmission, KUSTER Holding GmbH, Shanghai SIIC Transportation, HI-LEX Corporation, Inteva Products and Johnan Manufacturing Inc.
Kia will showcase five concept models at its PBV exhibition in December 2023. Among these will be a spectrum of PBV technology that is exclusive to Kia and is slated to enter mass production in 2025. Additionally, the exhibition will feature a PBV-dedicated presentation and demonstration. Several PBV concept models will be tangibly displayed in addition to the brand's forthcoming PBV product lineup and business vision announcement.
The 'Total Mobility Solution' offered by Kia PBV combines purpose-built electric vehicles with cutting-edge software solutions to pave the way for new businesses and lifestyles. A series of keynote speakers will elaborate on the brand's future PBV business strategies and vision for the future, including digital solutions developed using the advanced software capabilities of the Hyundai Motor Group, dedicated hardware such as Easy Swap and Dynamic Hybrid modularization technologies, and plans for global partnership integration. This will be the first time the brand has attended the CES in five years.
Owing to the travel restrictions imposed by the governing bodies across the globe, the demand for automobile window regulator in vehicles has drastically impacted. Additionally, the manufacturers of semiconductors reported fluctuations in pricing mainly due to disrupted supply chain operations. Furthermore, the suspended developments in automated cars have resulted in low demand for automotive window regulator. Software developments were temporarily suspended due to several delays and postponement of scheduled testing activities to monitor, analyze, present, and provide performance insights using different technologies such as machine learning and data analytics. All these factors that led to disruption of supply chain operations caused the pricing of automotive window regulator system to affect with added pressures from OEMs and automotive manufacturers.
Rising demand for high-performance vehicles coupled with increasing demand for value-added and comfort features are factors expected to drive the growth of global automotive window regulator market over the forecast period. Growing demand for window regulator as the main component of power window systems is a factor projected to drive the global automotive window regulator market growth. Growing adoption of automotive window regulator in passenger vehicle across the globe is one of the factors expected to fuel growth of the global automotive window regulator market in the near future. Growing sales of electric vehicles and increasing production of passenger and commercial vehicles is a factor propel the growth of the global automotive window regulator market over the forecast period.
The Internet of Things (IoT) is a network of physical items connected to the Internet. These physical things feature technology that allows them to interact with both internal and exterior influences. The usage of IoT in automotive has grown dramatically in recent years and is expected to continue to grow in the coming years. The growth of the Internet of Things (IoT) market is mainly driven by the growing need for IoT security, low operational costs, and increased use of IoT technology in the automotive sector. Artificial intelligence (AI) is gradually becoming a constant presence in many technological applications. It is transforming the user experience in numerous industries, from apps and websites that display correct user suggestions to game forecasts. AI is affecting many industries, including automotive window regulator market. Automotive window regulator system has been adopted because of the increased requirement to prioritize driver safety without sacrificing cost or efficiency.
Lack of skilled operator, and low durability are factors expected to hamper the automotive window regulator market during the assessment period. A trained workforce is required to carry out the adoption of this technology successfully; however, it lacks is expected to restrict the adoption of automotive window regulator. Thus, the lack of a trained workforce is expected to restrict the growth of the global automotive window regulator market during the forecast period. In addition, higher price associated with the automatic window regulator systems might impact the market growth negatively.
The supply chain comprises the stages of design & development, raw material supply, automotive window regulator manufacture, and end use.
The global automotive window regulator market has been studied across Asia-Pacific, North America, Europe, Middle East & Africa, and South America. Asia-Pacific is an emerging and leading market for automotive window regulator. The region consists of some of the largest vehicle manufacturing countries, China, India, and Japan. It is witnessing strong demand for automotive window regulator.
The European market for automotive window regulator is expanding as a result of heavy investment from the prominent carmakers in this region in the R&D activities to increase their cars' safety, durability, reliability, and design. Additionally, the presence of key players such as Continental AG, ZF Friedrichshafen AG and others creates opportunities for the automotive window regulator market to grow.
North America is one of the early adopters of automotive window regulator. The development of the automotive industries is one of the key factors driving the growth of the automotive window regulator market in North America. The US is the country with the highest rate of automotive window regulator adoption, followed by Canada and Mexico..
As per MRFR, the global Automotive Window Regulator market has been growing significantly over the past few years. The global market has been segmented on the basis of type, technology, propulsion, sales channel, vehicle type and region. Based on region, the market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
| Report Attribute/Metric | Details |
| Â Market Size 2022: | USD 7.08 billion |
| Â Market Size 2032: | USD 10.12 billion |
| Â CAGR | Â 4.30% CAGR (2023-2032) |
| Â Base Year | Â 2021 |
| Â Forecast Period | Â 2023-2032 |
| Â Historical Data | Â 2018, 2019, 2020 |
| Â Forecast Units | Â Â Value (USD million) |
| Â Report Coverage | Â Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Â Segments Covered | Â type, technology, propulsion, sales channel, vehicle type and Region |
| Â Geographies Covered | Â North America, Europe, Asia-Pacific, Middle East & Africa, and South America |
| Key Vendors | Â Brose Fahrzeugteile SE & Co. KG, Valeo Service, SHIROKI, Grupo Antolin, Dura Automotive Systems |
| Â Key Market Opportunities | Â Deployment of Advance Technology Such as IoT and AI |
| Â Key Market Drivers | Â Rising Demand for High-Performance Vehicles Increasing Electrification in Automobiles |
Frequently Asked Questions (FAQ) :
The global Automotive Window Regulator market has been growing rapidly from the past few decades and is expected to reach USD 10.12 billion, at a CAGR of 4.30% during the forecast period 2032.
Brose Fahrzeugteile SE & Co. KG, Valeo Service, SHIROKI, Grupo Antolin, Dura Automotive Systems are expected to be the major competition in the automotive window regulator market during the projected period.
The automatic segment is expected to drive the market during the forecasted period.
The Asia Pacific region is expected to be the largest market for Automotive Window Regulator market during the forecast period.
Lack of skilled operator, and low durability are factors expected to hamper the growth of automotive window regulator market during the assessment period.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Team Lead - Research With a technical background as bachelor's in mechanical engineering, with mba in operations management , swapnil has 6+ years of experience in market research, consulting and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the automotive/a&d domain. swapnil has worked on major projects in verticals such as aerospace & defense, automotive and many other domain projects. he has worked on projects for fortune 500 companies' syndicate and consulting projects along with several government projects.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
