Automotive Window Regulator Market trends research and projections
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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.
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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.
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.
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.
EMs 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.
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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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