Powered Gates Market report represents the revenue opportunities in the market through to 2022, highlights the market size and growth by technology, geography, type and size. The report outlines the evolution of the industry and identifies and assesses the best performing vendors in the market.
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Study on Powered Gates Market highlights key players such as Continental AG(Germany), Denso Corporation (Japan), Magna International Inc. (Canada), Aisin Seiki Co. Ltd (Japan), Johnson Electric (Hong Kong), Omron Corporation(Japan), Robert Bosch GmbH (Germany), Panasonic Corporation (Japan), Delphi Automotive PLC (UK), Mitsuba Corp.
(Japan), Valeo SA (France), Hella Kgaa Hueck & Co. (Germany), Visteon Corporation(US).
The powered gates market is projected to grow at a CAGR of 7.75% from 2017 to 2022, and the market size is expected to grow from USD 17.43 Billion in 2017 to USD 25.31 Billion by 2022.
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The key drivers of this market are rising consumer demand for comfort and luxury features in vehicles, increasing complexity of mechanical operations, lightweight design of powered gates, and demand for quiet and smooth operations. These factors lead to the increased demand for powered gates applications in vehicles.
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PHEVs are projected to lead the powered gates market, in terms of value, during the next 5years. The increasing concern for global warming and fuel economy standards have created the need for alternatives to gasoline and diesel engine vehicles.
OEMs and Tier-1 suppliers are working on the development of components and systems that are lighter and more efficient to comply with the emission and fuel economy standards by converting several mechanically operated systems such as window, tailgate, and sliding door into powered. Asia Oceania and North America are the fastest growing regions for PHEVs.
The increasing charging infrastructure in North America would be responsible for the trend shift from conventional ICE vehicles to PHEVs. All these factors would drive the demand for powered gates applications with the increasing growth of PHEVs.
Key Points From Table Of Content:
4 Premium Insights
4.1 Attractive Opportunities in the Powered Gates Market
4.2 Powered Gates Market, By Region
4.3 Powered Gates Market, By Application
4.4 Manual Closure Market, By Application
4.5 Powered Gates Market for Light-Duty Vehicles, By Component
4.6 Powered Gates Market for Buses, By Component
4.7 Powered Gates Market, By Electric Vehicle Type
4.8 Automotive Closure Market, By Type & Vehicle Type
4.9 IC Engine Vehicles Equipped With Powered Gates, By Country
4.10 Electric Vehicles Equipped With Powered Gates for Key Countries
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5 Market Overview
5.2 Market Dynamics
22.214.171.124 Demand for Comfort and Luxury is Driving the Sales of Premium-Segment Vehicles
126.96.36.199.1 Rising Demand for Premium-Segment Vehicles
188.8.131.52.2 Growth in Hybrid Electric Vehicles (HEV) and Plug-In Hybrid Electric Vehicles (PHEV) Sales
184.108.40.206 Increased Focus Toward Safety/Hands-Free Operations
220.127.116.11 High Cost of the System
18.104.22.168 Biometric Vehicle Access System
22.214.171.124 Future Mobility Solutions: Autonomous Cars, Integrated Mobility Solutions, & Automated Deliveries
126.96.36.199 Fail-Safe Electronics
188.8.131.52 Use of Lightweight Material in Automotive Closure
5.3 Future Technologies
5.3.1 Hands-Free Smart Boot
5.3.2 Soft Door Closure
6 Manual Closure Market, By Application, Vehicle Type & Region
6.2 Manual Closure Market, By Region
6.3 Manual Closure Market, By Application & Vehicle Type
6.3.1 Asia Oceania: Manual Closure Market, By Application & Vehicle Type
6.3.2 Europe: Manual Closure Market, By Application & Vehicle Type
6.3.3 North America: Manual Closure Market, By Application & Vehicle Type
6.3.4 Rest of the World: Manual Closure Market, By Application & Vehicle Type
The report provides a picture of the powered gates market across different verticals and regions. It aims at estimating the market size and future growth potential of the powered gates market, by application, by vehicle type, by component type, by electric vehicle type, by type, by region, and for autonomous vehicles.
Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, competitive leadership mapping, recent developments, and key market strategies.
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