DUBLIN--(BUSINESS WIRE)--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%, And the Market Size is Expected to Grow from USD 17.43 Billion in 2017 to USD 25.31 Billion By 2022.
The major factors driving the growth of this market include the growing production of electric vehicles, rising demand for reliable electronic systems in vehicles, and significant demand for hands-free operations. The increasing trend of hybrid vehicles equipped with advanced electronics systems such as power window, power tailgate, and power sunroof is also an important factor to be considered. At the same time, the higher cost of electronic system components has been a major obstacle to the growth of the powered gates market.
PHEVs are projected to lead the powered gates market, in terms of value, during the next 5 years. The increasing concern for global warming and fuel economy standards have created the need for alternatives to gasoline and diesel engine vehicles. OEMs and Tier-1 suppliers are working on the development of components and systems that are lighter and more efficient to comply with the emission and fuel economy standards by converting several mechanically operated systems such as window, tailgate, and sliding door into powered. Asia Oceania and North America are the fastest growing regions for PHEVs. The increasing charging infrastructure in North America would be responsible for the trend shift from conventional ICE vehicles to PHEVs. All these factors would drive the demand for powered gates applications with the increasing growth of PHEVs.
The passenger car segment is estimated to hold the largest market size during the forecast period. The increasing vehicle production and the growing demand for luxury vehicles are driving the market for powered gates in the passenger car segment. Also, most of the passenger cars are now equipped with the basic electronic systems such as power window and power tailgate.
Key Topics Covered:
1 Introduction
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
- Aisin Seiki Co., Ltd.
- Continental Ag
- Delphi Automotive Plc
- Denso Corporation
- Hella Kgaa Hueck & Co.
- Johnson Electric
- Magna International Inc.
- Mitsuba Corporation
- Omron Corporation
- Panasonic Corporation
- Robert Bosch Gmbh
- Valeo Sa
- Visteon Corporation
For more information about this report visit https://www.researchandmarkets.com/research/phclkr/powered_gates
