Automotive Door Module Industry Growth Drivers, Top Players, and Global Demand
13 June 2019, Global automotive door module market is expected to grow at a significant CAGR of 4.79% in
the upcoming period as the scope and its applications are rising enormously
across the globe. Automotive door module is used to drive all loads in a car
door that are connected via a LIN bus to the dashboard and to other doors by
using the parallel port to a PC. It comprises a rubber-sealed carrier onto
which several door components are fitted forming a “cassette”.
The factors that are playing a major role in the growth
of the market are the rising demand for automobiles, enhancing automotive
sensor technology, and the growing application of mechatronics system in
vehicle automation. However, the high cost of raw materials is likely to
restrain overall market growth in the years to come. Automotive door module
market is segmented based on design, technology, material type, component,
vehicle type, and region.
Two-sided door module, door trim modules, door platform
module, and structural door are the designs that could be explored in
automotive door module in the forecast period. Based on technology, defroster
and door indicator lamps, latching or locking function, on mirror fitted
indicator light, and wing mirror movements could be explored in automotive door
module in the forecast period.
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| Automotive Door Module Industry |
Electric vehicles, passenger vehicles, and commercial
vehicles are the vehicle types that could be explored in the automotive antenna
in the forecast period. Electric vehicle sector comprises hybrid vehicles,
battery-operated electric vehicles, and plug-in hybrid vehicles. Passenger
vehicles comprise sports utility vehicles, hatchback cars, multi-purpose
vehicles, and sedans. Commercial vehicles comprise heavy and lightweight
vehicles.
Globally, Asia Pacific accounted for the substantial
market share of automotive door module and is estimated to lead the overall
market in the years to come. The reason behind the overall market growth could
be the high production rate of passenger vehicles, the rising demand among
customers for premium in-cabin features, and growth in functionality and scope
for product innovation.
The developing countries like India and China are the
major consumers of automotive door module in this region. Europe and North
America are also estimated to have a positive influence on future growth. The
key players of automotive door module market are Magna International, AGM
Automotive, Grupo Antolin, DURA Automotive, and Gestamp. These players are
concentrating on inorganic growth to sustain themselves amidst fierce
competition.
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