DUBLIN, October 3, 2017 /PRNewswire/ --
The "Powered Gates Market for EV & ICE by Application (Powered - Window, Sunroof, Tailgate, Convertible Roof, Sliding Door, & Side Door), Component (Switch, ECU, Latch, Motor/Actuator, Relay), Type (Manual and Powered) & Region - Global Forecast to 2022" report has been added to Research and Markets' offering.
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
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.
Passenger cars are estimated to be the largest segment of the powered gates market, by vehicle type. The increase in vehicle production and growing demand for luxury vehicles are driving the market for powered gates in the passenger car segment. One of the major factors for the growth of the powered gates market in the passenger car segment is the rising sales of luxury vehicles in Europe and North America.
Advanced powered gates applications such as power sunroof, side door closure system, and power convertible roof are employed in these vehicles or provided as an optional feature. Plug-in Hybrid Electric Vehicles (PHEVs) are projected to lead the powered gates market, by electric vehicle type. OEMs and Tier-1 suppliers are working on the development of components and systems that are lighter and more efficient in order to comply with the emission and fuel economy standards by converting several mechanically operated systems such as window, tailgate, and sliding door into powered.
The power sliding door application segment is projected to grow at the highest growth rate in the powered gates market. The growth is attributed to the increasing growth of minivans in North America and Europe regions. Also, the increasing awareness about safety and security features among consumers is driving the power sliding door market. The latch segment is projected to grow at the fastest rate in the powered gates market, by component. New technologies such as hands-free opening doors, LED latches, and collision avoidance closure system had increased the production demand of technically advanced latches in powered gates applications. Also, the growing demand for highly safe and secure automotive closure systems and the increasing production of automobiles has propelled the growth of the latches in powered gates market in near future.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Manual Closure Market, By Application, Vehicle Type & Region
7 Powered Gates Market, By Component, Vehicle Type & Region
8 Powered Gates Market for Electric Vehicles, By Application & Vehicle Type
9 Powered Gates Market, By Application, Vehicle Type & Country
10 Competitive Landscape
11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/ld8s6t/powered_gates
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