The Automotive Closure Market size is valued at USD 16.42 Billion in 2016 and is projected to grow at a
CAGR of 7.75% during the forecast period. The base year considered for the study is 2016 and the
forecast period is from 2017 to 2022.
Browse 108 Market Data Tables and 45 Figures spread through 206 Pages and in-depth TOC
on "Powered Gates Market - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/automotive-powered-gate-market-
218934682.html
Early buyers will receive 10% customization on this report
The key factors driving the growth of the Powered Gates Market are increasing luxury features in a
vehicle, increasing complexity of manual operations, and growing use of lightweight materials in
powered applications impacting the fuel economy of vehicles.
Key Players of Automotive Closure Market:
Continental AG (Germany)
Magna International Inc. (Canada)
Robert Bosch GmbH (Germany)
Aisin Seiki. Co. Ltd (Japan)
Speak to Our Analyst and gain crucial industry insights that will help your business grow:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=218934682
Hybrid Electric Vehicle (HEV) segment is estimated to hold the largest share of the automotive closure
market for electric vehicles.
The HEV segment is estimated to hold the largest market size in the automotive closure market in 2017.
The dependence on gasoline and diesel engines as the primary automobile powertrain technology has
raised many environmental concerns such as global warming. In response to the concern and increasing
demand for eco-friendly and fuel-efficient technologies, OEMs such as Toyota Motor Corporation (Japan)
with its Camry and Prius brand, Ford Motor Company (U.S.) with its Fusion brand, and Honda Motor Co.,
Ltd. (Japan) with its Civic brand, are developing hybrid technologies to cater to these needs. Automakers
are seeing hybrid vehicles to be the gateway to fully electric vehicles. Similarly, government tax
incentives and state rebates have boosted the proliferation of HEVs. This would also drive the demand
for HEVs. Majority of HEVs are employed with power windows and power tailgate, hence driving the
demand for the automotive closure applications in the near future in the HEV segment.