Global Automotive Closure Market to Reach $30.7 Billion by 2027
Amid the COVID-19 crisis, the global market for Automotive Closure estimated at US$19.6 Billion in the year 2020, is projected to reach a revised size of US$30.7 Billion by 2027, growing at a CAGR of 6.6% over the period 2020-2027. Light-Duty Vehicles, one of the segments analyzed in the report, is projected to record 7.3% CAGR and reach US$18.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Buses segment is readjusted to a revised 5.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5.3 Billion, While China is Forecast to Grow at 10.1% CAGR
The Automotive Closure market in the U.S. is estimated at US$5.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.7 Billion by the year 2027 trailing a CAGR of 10.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 5.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.
Select Competitors (Total 44 Featured):
Amid the COVID-19 crisis, the global market for Automotive Closure estimated at US$19.6 Billion in the year 2020, is projected to reach a revised size of US$30.7 Billion by 2027, growing at a CAGR of 6.6% over the period 2020-2027. Light-Duty Vehicles, one of the segments analyzed in the report, is projected to record 7.3% CAGR and reach US$18.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Buses segment is readjusted to a revised 5.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5.3 Billion, While China is Forecast to Grow at 10.1% CAGR
The Automotive Closure market in the U.S. is estimated at US$5.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.7 Billion by the year 2027 trailing a CAGR of 10.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 5.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.
Select Competitors (Total 44 Featured):
- Aisin Seiki Co., Ltd.
- Continental AG
- Delphi Automotive PLC
- Denso Corporation
- HELLA KGaA Hueck & Co.
- Johnson Electric Group
- Magna International, Inc.
- Mitsuba Corporation
- Omron Corporation
- Panasonic Corporation
- Robert Bosch GmbH
- Valeo SA
- Visteon Corporation
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I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVE
1. MARKET OVERVIEW
III. MARKET ANALYSIS
IV. COMPETITION
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