Top 3 Trends Impacting the Global Automotive Glove Box Market Through 2021: Technavio

Technavio has published a new report on the global automotive glove box market from 2017-2021. (Graphic: Business Wire)

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LONDON--()--Technavio’s latest market research report on the global automotive glove box market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

Siddharth Jaiswal, a lead analyst from Technavio, specializing in research on automotive components sector, says, “The global automotive glove box market is experiencing steady growth due to recent technological advances. In addition, the growing sales of passenger cars and commercial vehicles are contributing to the growth of the market.”

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The top three emerging market trends driving the global automotive glove box market according to Technavio research analysts are:

  • Emergence of temperature-controlled glove boxes
  • Introduction of multi compartments to increase security
  • Emergence of glove box airbags

Emergence of temperature-controlled glove boxes

Glove boxes were used to store driving gloves. Originally, the compartment comprised a box which was located near the driver on the floorboard. During earlier times, many vehicles did not have roofs, and extreme cold conditions numbed the hands while driving, hence the need for a glove box to store gloves. Now the glove box is situated inside the dashboard and is used for storing various items. Some areas or pockets of the compartments can also be temperature controlled.

There have been significant innovations in the use of materials, and ventilated glove boxes are featured in modern vehicles. These enhance the visual appeal of the vehicles. OEMs use glove boxes as a product differentiator with consumers preferring vehicles equipped with large glove boxes.

Introduction of multi compartments to increase security

The glove boxes in vehicles are fitted with latches. These boxes have an optional locking feature that increases security. The lock on the glove compartment can be opened only with a single master key. A few cars have multiple glove compartments that can be used to keep small tools and other belongings. An internal light is an additional feature that turns on automatically when the glove compartment is opened.

Emergence of glove box airbags

Earlier, only seatbelts were used to protect passengers. The technological advances and growing emphasis on safety led to the emergence of airbags. In the US, airbags were introduced in the late 1970s. These were not popular until the mid-1980s due to high skepticism among the consumers. However, by the late 1990s, airbag systems became a standard fitment in passenger cars in developed countries such as the US and Germany. Manufacturers are continuously investing in improving the active and passive safety systems of vehicles. Government legislations across the world focus on passenger safety by implementing regulations that increase the safety of vehicles.

“Airbags improve the passive safety system of automobiles. These include side airbags, curtain airbags, seatbelt airbags, and glove box airbags. An automotive glove box airbag is located below the dashboard of the vehicle, and it inflates in case of a collision,” says Siddharth.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio’s latest market research report on the global automotive glove box market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com