“Canada is termed as the luxury utility nation by Canadians and international luxury vehicle manufacturers. Almost all the growth in the Canadian luxury market since 2005 has been in the utility vehicles space”
In this research report, Technavio covers the outlook and growth prospects of the global automotive soft-close door market for 2017-2021. The report includes a detailed discussion on the major drivers influencing the market growth and the challenges faced by vendors in the market. It also examines the notable trends that are emerging in the market and their impact on the current and future market dynamics.
“An increase in safety awareness has resulted in the installation of soft-close door systems equipped with sensors that can detect an obstruction between the door and the vehicle frame, thereby preventing any incidents involving body parts like fingers. The system is calibrated to detect any obstruction through its sensors and release the door in case of an obstruction,” says Siddharth Jaiswal, a lead analyst at Technavio for automotive electronics research.
Technavio’s automotive research analysts segment the global automotive soft-close door market into the following regions:
In 2016, with a market share of close to 46%, EMEA emerged as the market leader in the global automotive soft-close door market, followed by APAC with over 36% and the Americas with close to 18%.
EMEA: largest market for automotive soft-close doors
The automotive soft-close door market in EMEA is expected to grow at a CAGR of almost 6%. The adoption of soft-close door system is more in luxury and premium cars that account for a significant market share in developed economies such as Europe. However, the cost of these systems is expected to decrease owing to the advances in technology and economies of scale, leading to their adoption in non-luxury vehicles.
Europe dominates the market due to the rising sales of luxury and premium cars. Most of the luxury car manufacturers, including BMW and Audi that offer this feature as a standard fitment in flagship models are based in Europe.
The increase in the production of automobiles in the MEA is also expected to contribute to the automotive soft-close door market during the forecast period. Iran, Egypt, South Africa, and Nigeria are witnessing optimum development in terms of the production of automobiles as many automakers are trying to establish their manufacturing units in these regions. For instance, BMW, Ford, Mercedes-Benz, Nissan, and Toyota have their manufacturing units in South Africa.
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APAC: India expected to emerge as a strong market during the forecast period
The automotive soft-close door market in APAC is expected to grow at a CAGR of close to 9%, mainly led by China, Japan, and India. Many luxury car manufacturers such as BMW, Porsche, and Mercedes have developed a strategy of downsizing cars, thereby making them affordable for the masses in developing economies. India, China, and Japan are the major emerging markets in this region because of the growing demand for luxury cars.
India, considered as the challenger to China, has upper middle-class individuals who are expected to graduate to the levels of affluence and consider buying luxury vehicles equipped with automotive soft-close doors in the coming years.
Americas: the US is the largest automotive market in North America
The increase in the demand for safety features is driving the automotive soft-close door market in the Americas. The US, Canada, and Brazil are the prominent regions in the market. The US is the largest automotive market in North America and one of the largest in terms of volume globally.
“Canada is termed as the luxury utility nation by Canadians and international luxury vehicle manufacturers. Almost all the growth in the Canadian luxury market since 2005 has been in the utility vehicles space,” says Siddharth.
A decade of economic growth in Brazil has improved the financial situation of all the social classes in the country. This is now an important driver for the economy of Brazil. Therefore, the sales of luxury goods such as cars and bikes from some of the premium segment manufacturers such as Mercedes, BMW, and Audi are also on the rise, which augurs well for the growth of the soft-close door market.
The top vendors in the global automotive soft-close door market as highlighted in this market research analysis are:
- Johnson Electric
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