Automotive Window Regulator Market size is expected to grow significantly between 2022 and 2028. A vehicle's windows are one of its numerous safety measures and a window regulator is a device that controls the operation of the glasses. When a switch is pressed, the motor will move the windows upward or lower as requested. Technological advancements in both gear-drive variants and cable type products are aiding industry participants to launch new and better products.
Due to increased automobile sales in the region, Asia Pacific automotive window regulator market share is expected to occupy a significant portion of the global market through 2028. Growing acceptance of improved car safety systems including one-touch comfort function and other and convenience features in SUVs and passenger vehicles is a significant factor powering automotive window regulator sales in the region. Because of their growing population and increased demand for personal automobiles, India and China are important markets for automakers. Regional banks and financial institutions are providing a variety of financing programs to the public, making it simpler for them to invest in a car.
There is rising demand for high-performance cars with numerous value-added and comfort features. Power windows, for example, have risen in popularity in recent years, becoming standard equipment in practically every car. As window regulators are a vital component of power window systems, this rising passenger vehicle adoption across the globe will drive automotive window regulator market growth.
Among other regulator types, the scissor-type window regulators are popular among auto makers. The regulator derives its name from its shape and design, which is in the form of a scissor. The design has been around for quite some time and is usually found in classic vehicles.
Wonh Industries Company, Shiroki (Aisin Seiki), TRAC Auto, CI Car International, APM Auto Parts, Kwanjin India, and Yuan Precision Industrial Company are listed amongst the top automotive window regulator manufacturers globally. In order to sustain global competition, industry participants are focusing on new product development, mergers and acquisitions, and strategic partnerships with each other.
During 2020, the pandemic-induced lockdown forced original equipment makers (OEMs) to abruptly shut down manufacturing. It also caused a disturbance in the whole value chain of key industries worldwide, affecting the manufacture of auto spare parts in micro, mid, and medium-sized businesses. A significant decrease in consumer demand for passenger automobiles contributed to a revenue loss and a serious financial blow for the automotive window regulator market players.
Given the enormous impact on automakers throughout the world, extensive research and development initiatives are being made to assure stability in the post-pandemic period. A significant portion of these efforts is devoted to electrification, as automakers attempt to transition from traditional ICE-based vehicles to alternative fuel technologies to comply with more stringent pollution control requirements. Similarly, as a direct result of the global crisis, the automobile industry is boosting its expenditures in digital transformation in order to future-proof automotive technologies, enhancing product uptake through 2028.