Automotive Window Regulator Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1809
Automotive Window Regulator Market size shall witness a healthy growth owing to its application in automobile industry. Automobile industry has witnessed a CAGR of above 4.5% that has increased the product usage. Countries such as Russia is restricting age of vehicles to reduce environmental population that has amplified automobile sales. Customers are opting for lavish facilities with increase in their purchase power parity. Increasing population in countries like India and China is augmenting product demand. These factors are expected to propel the automotive window regulator market during the forecast period.
Advancement in infrastructure and growing consumer sentiments have driven vehicles demand and fuelled automotive regulators usage. OEMs are increasing their market penetration by setting up manufacturing plants in emerging economies. Additionally, banks and financial institutions are coming up with various loan schemes making it easy for people to own a car. Such factors are anticipated to further boost automotive window regulator market in next seven years.
Window regulator is an automobile component required for controlling glass panel. Technology advancement has led to its transformation from manual to single press regulator. Power window is gaining popularity among consumers owing to its convenience and easy operation. Further, technologies such as central lock and child lock has shifted customer focus from manual to automatic operator. This helps to operate vehicle window with a single switch. However, fluctuation of economies in regions such as Europe may reduce automotive production that may affect automotive window regulator market.
Based on vehicle type, automotive window regulator market is classified into passenger cars, light commercial vehicle (LCV), and heavy commercial vehicle (HCV). Passenger cars have major share with its use by public and rapid increase in sales of compact and sub compact cars. Passenger car manufacturers are providing better functionality and services to attract more number of customers. LCV and HCV have nascent share and have slow growth due to their developing usage.
On the basis of type, automotive window regulator market is segmented into scissor type and cable type. Cable type has larger share as these are compact in size and light in weight. This reduces overall weight of automobiles that improves efficiency of vehicle and reduces emissions. Stringent norms of government organizations such as Environmental Protection Agency norms for vehicular emission have boosted its usage. Further, ease in construction of cable type has augmented its demand.
Various distribution channel in automotive window regulator market are OEMs and after sales dealers. OEMs contributes considerably in terms of volume and shall witness healthy growth with propelling demand. The quality of material has improved and with better design and technology, the breakdown has reduced. Additionally, customers prefer default systems and it restrict the share of after sales dealers.
Asia Pacific has significant share in global automotive window regulator market owing to increase in automobiles sales in various countries. Purchasing power of people has enhanced with strengthening economy and they are availing the product. Additionally, presence of major manufacturers such as Brose, Shiroki Corporation, Hi Lex, Technico Industries in Japan has fuelled the product demand.
In Middle East and Africa, after sales dealers are more prevalent due to absence of manufacturing plants. Its growth may impede with factors such as sluggish demand of automobile industry and political unrest.
Europe, led by Germany has substantial share in automotive window regulator market owing to well established and booming automobile industry hosting big players namely Audi and Volkswagen. Latin America has witnessed slow growth due to decrease in production and sales of automobile.
Major players in automotive window regulator market are Wonh Industries Company, TRAC Auto, Car international, APM Auto Parts, Valeo, CI Car International, Shiroki, I Yuan Precision Industrial Company, Kwanjin India and Columbia Engineers. Companies are indulged in collaborations with automobile manufacturers to increase their long-term business. For instance, Wonh Industries has undergone an agreement and is OEM for Great Wall Motors, Beiqi Group, Lifan Car, Geely and Zoyte Group.
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