PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1455692
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1455692
Automotive Window Regulator Market size was valued at USD 15,506.54 Million in 2023, expanding at a CAGR of 5.25% from 2024 to 2032.
The window regulator plays a vital role in a car by facilitating the movement of windows. It is an essential part of the power window system, converting the electric motor's rotational motion into linear motion to raise or lower the window. When the driver or passenger activates the switch on the door panel, an electrical signal is transmitted to the motor, causing it to rotate. As a result, the gear assembly moves the window along its designated track.
Automotive Window Regulator Market- Market Dynamics
Rising vehicle production and sales, along with introduction of new technologies is projected to drive the growth of market
The automotive industry is witnessing a surge in vehicle production and sales, leading to a rise in the demand for automotive components such as window regulators. With the constant evolution of the automotive sector through the integration of new technologies to improve vehicle performance, safety, and comfort. The global production of motor vehicles reached 85.4 million in 2022, marking a 5.7% increase from the previous year. This info graphic presents the production figures for 2021 and 2022 across different regions, as reported by the European Automobile Manufacturers Association. The increasing demand for advanced features and the continuous development of materials, design, and manufacturing processes present opportunities for innovation in the automotive window regulator market. Nevertheless, stringent regulations could pose challenges to market growth.
Automotive Window Regulator Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.25% over the forecast period (2024-2032)
Based on product type segmentation, Automated was predicted to show maximum market share in the year 2023
Based on Construction Type segmentation, Cable Type was the leading type in 2023
Based on Vehicle Type segmentation, Passenger Cars was the leading type in 2023
On the basis of region, Europe was the leading revenue generator in 2023
The Global Automotive Window Regulator Market is segmented on the basis of Product Type, Construction Type, Vehicle Type, Sales Channel, and Region.
The market is segmented into three divisions according to Product type: Manual and Automated. Automated holds the majority share in the market. Numerous automated window regulator systems provide the convenience of one-touch operation, enabling users to effortlessly open or close windows with just a single press of a button. This user-friendly feature improves the overall user experience and is commonly seen in premium vehicle models.
The market is segmented into two categories according to Construction Type: Cable Type and Arm Type. Cable Type holds the majority share in the market. In some contemporary automotive window regulator systems, nylon or polymer cables are used instead of the conventional metal cables. These cables provide benefits like lower weight, resistance to corrosion, and quieter functioning.
The market is divided into three categories based on Vehicle Type: Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles. Passenger Cars is expected to dominate the market. The passenger car segment represents a substantial portion of the automotive window regulator market. As passenger car production and sales have grown globally, particularly in emerging markets, the demand for window regulator systems has also increased.
The market is segmented into two distinct categories, namely OEM and Aftermarket, based on the Sales Channel. OEM sales play a crucial role in the initial manufacturing process of vehicles, whereas aftermarket sales cater to consumers who are in search of replacement parts, upgrades, or customization options for their existing vehicles.
Automotive Window Regulator Market- Geographical Insights
Geographically, this market spans across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further segmented by countries contributing to business activities. Europe leads in market expansion, driven by the increasing demand for passenger cars. The surge in demand for passenger cars in Europe creates a significant opportunity for the automotive window regulator market. As car sales rise, there is a corresponding need for window regulator systems to be incorporated into these vehicles. In 2022, according to Eurostat statistics, the number of EU-registered passenger cars reached nearly 253 million, marking a 7.0% increase compared to 2017. Germany recorded the highest number of registered passenger cars with almost 49 million, followed by Italy (40 million cars) and France (39 million cars). Asia Pacific is the second-largest region for market growth, attributed to the increasing innovation and adoption of advanced technologies.
Numerous companies specialize in manufacturing automotive window regulator systems and components. These suppliers compete to secure contracts with original equipment manufacturers (OEMs) to supply window regulator systems for new vehicle production. Competition drives continuous innovation in automotive window regulator technology. Suppliers invest in research and development to introduce advanced features such as power operation, one-touch functionality, anti-pinch protection, and integration with vehicle electronics. Companies that can offer innovative solutions that enhance convenience, safety, and performance gain a competitive advantage. For Example, ELTA Automotive has announced the continuation and development of its distribution deal with FG7. The formidable FG7 buying group is now a major distributor of ELTA's VisionPRO and VXPRO product ranges throughout Ireland and Northern Ireland.
June, 2023, Valeo is committed to making greener and safer mobility affordable around the world and believes that electric mobility is the best solution. The Group offers solutions to meet the needs of all road users and is a global leader in both powertrain electrification and thermal management with one in three cars equipped with Valeo technology.
GLOBAL AUTOMOTIVE WINDOW REGULATOR MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Elta Automotive Ltd
KUSTER Holding GmbH
Shanghai SIIC Transportation Electric Co., Ltd.
Shiroki Corporation
Huayu Automotive Systems Company Limited
Hi-Lex Corporation
Brose Fahrzeugteile GmbH & Co.
Valeo
Grupo Antolin
AcDelco, TRAC Auto
APM Auto Parts
Wonh Industries Company
CI Car International
Shiroki
Car international
Valeo
I Yuan Precision Industrial Company
Imasen Electric Industrial
Magna International
Bosch
Kongsberg Automotive
Castellon Automotive
Johnan Manufacturing
IFB Automotive
Others