During the projection period, a strong 4.5% CAGR is predicted for demand in the automotive window regulator market. In 2031, the market will be valued more than $21.2 billion, predicts Future Market Insights (FMI).
Many advancements in vehicle automation are the result of global automakers’ growing inclination to equip their vehicles with a variety of automated capabilities. In the modern car industry, automatic window regulators are increasingly replacing manual ones.
The largest market for automotive window regulators will continue to be APEJ. Asia Pacific Excluding Japan (APEJ), which is anticipated to grow at a 4.4% CAGR during the forecast period, is anticipated to continue to be the largest market for automotive window regulators in terms of volume. In the APEJ, sales of automobile window regulators will total 211,633 thousand units in 2017, and by 2027, it is anticipated that this number will approach 300,000 thousand units.
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Additionally, by the end of 2027, Middle East & Africa (MEA) is anticipated to rank as the second-most lucrative region in the market. Through 2027, the MEA automotive window regulator market is anticipated to grow at a 4.3% CAGR.
In terms of volume, OEM will continue to be the favoured sales channel in the market. By the end of 2027, it is anticipated that OEM will have sold almost 500,000 units of car window regulators worldwide. OEM and Aftermarket sales channels are anticipated to grow together in volume at a 3.3% CAGR over the course of the forecast period.
By 2027, the aftermarket sales channel is anticipated to have a small market share. This is mostly related to a low replacement rate, low breakdown rate, and consumer preference for sticking with the factory-installed automotive window regulator.
Passenger Cars to Exhibit Highest Demand for Automotive Window Regulators by 2027-end
Depending on the kind of vehicle, the adoption of automotive window regulators is anticipated to continue being highest in passenger automobiles. By the end of 2027, 530,539 thousand units of automotive window regulators are anticipated to be in demand for use in passenger cars. The predicted period is expected to see the lowest demand for automated window regulators in HCVs.
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By design, automated window regulators with cables will continue to be more popular. Through 2027, the demand for double rail cable is anticipated to increase in volume at a 3.9% CAGR.
Automated window regulators will continue to dominate the market in terms of product type, with sales expected to reach over 500,000 units by the end of 2027. This is explained by the functionality and portability provided by automated window regulators.
In comparison, sales of manual window regulators will only expand slowly over the projection period. The expansion of their demand will be hampered by the manual window regulators’ frequent wear and tear off and complicated structure.
Increasing Demand for Personal Vehicles to Sustain Market Growth in APEJ
Due to their expanding populations and growing demand for personal vehicles, India and China are important markets for automobile manufacturers. Additionally, a lot of banks and financial institutions are providing different loan programmes, which makes it simple for people to acquire a car. These elements are anticipated to keep the market growing in APEJ. However, due to their superior performance, power window regulators are becoming more popular in this area. According to estimates, this will slow the market’s expansion in APEJ.
Due to the lack of manufacturing facilities in the MEA, aftermarket demand is increasing. Automobiles are imported for sale by GCC nations. Rising customer reliance on the aftermarket is anticipated to drive market expansion in MEA. Contrarily, elements like political unrest
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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.
Automotive Window Regulator Market by Category
Product Type:
- Manual
- Automated
Construction Type:
- Cable Type
- Single Rail
- Double Rail
- Single Arm
- X Arm
Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Sales Channel:
- OEM
- Aftermarket
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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