PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1462866
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1462866
Global Automotive Sliding Door Market is valued approximately at USD 12.30 billion in 2022 and is anticipated to grow with a growth rate of more than 3.55% over the forecast period 2023-2030. Automotive sliding doors, also referred to as sliding side doors or power sliding doors, represent a door mechanism commonly utilized in vehicles such as minivans, vans, large SUVs, and buses. Unlike conventional hinged doors, these doors operate by sliding horizontally along tracks mounted on the vehicle's body. They consist of two large panels guided along these tracks, facilitated by rollers for smooth movement. In the case of power sliding doors, electric motors and actuators handle their opening and closing. Modern versions integrate various sensors like proximity and obstacle detection, enhancing safety by detecting nearby objects and monitoring door positions to prevent accidents. These doors offer significant convenience, particularly in compact parking areas or situations requiring quick access to rear seats, with the added benefit of hands-free operation in power sliding door models. These attributes are poised to drive the global market growth of sliding doors in the anticipated years. Factors such as increasing popularity of minivans and large SUVs, growing focus on convenience and accessibility, coupled with the rising demand for e-mobility are propelling the market demand across the globe.
Additionally, the surge in demand for the ride-sharing services is exhibiting a positive influence on the market growth at a substantial rate. Ride-sharing and ride-hailing services represent transformative mobility solutions that are reshaping the transportation landscape. These services, known for their convenience, flexibility, and affordability, have witnessed a surge in popularity and are poised for continued growth in the foreseeable future. Various factors such as escalating vehicle ownership costs, evolving perspectives on traditional transportation methods, shifting governmental regulations, and volatile fuel prices are compelling individuals to embrace these services for their cost-effective and adaptable mobility solutions. According to Statista, in 2022, the ride-sharing sector is accounted at USD 96.9 billion and also it is projected to experience a substantial growth rate of over 133% from 2022 to 2028, with an anticipated sector value reaching approximately USD 226 by 2028. Many ride-hailing and ride-sharing companies manage extensive vehicle fleets including minivans and multi-passenger vehicles equipped with sliding doors for enhanced accessibility, comfort, and safety. This strategic initiative caters to the rising demand for flexible transportation options, further driving the need for vehicles with sliding doors. For instance, in September 2023, Camden Loop, a leading public transit ride-share provider, introduced a specialized fleet of minivans termed 'microtransit' to bridge crucial transportation gaps in Camden effectively. This initiative highlights the emerging trend within the industry as ride-sharing providers worldwide focus on bolstering their minivan fleets to meet the escalating demand for on-demand mobility solutions, presenting substantial revenue growth prospects within the market. Moreover, the rise in the integration with electric and autonomous Vehicles, as well as the growing advancements in sensor technology and motor design presents various lucrative opportunities over the forecasting years. However, the high maintenance & repairing expenditure, along with the limited application in certain vehicle segments are hindering the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Automotive Sliding Door Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022 owing to the rising demand for convenience and safety, along with the rapid advancements in sensor technology and motor design. Also, the shift towards online shopping among consumers, coupled with the availability of user-friendly mobile apps for purchasing a wide range of items online, is driving the demand for last-mile delivery services in this region. This surge in demand for last-mile delivery is subsequently increasing the demand for vehicles equipped with sliding doors. For instance, in October 2021, DHL Parcel rolled out 50 new electric vans in the U.K. These next-generation electric vans boast high-speed charging capabilities and extended cruising ranges, making them well-suited for urban environment. Their eco-friendly attributes contribute to reducing carbon dioxide emissions during last-mile deliveries, further fueling the demand for commercial vans in the anticipated years. Whereas, Asia Pacific is expected to grow at the fastest CAGR over the forecast years. The rapid development of the e-commerce sector in this region has spurred a heightened demand for delivery and logistics services, which are significantly propelling the market demand across the region. Moreover, the increasing middle-class population across Asia Pacific nations has resulted in a surge in consumer spending, accordingly, leads to the high demand for automotive.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable