Jan 31 2014
Revival in automotive production volume and use of mechatronics system in place of mechanical system are expected to increase the global automotive door module industry market size by value over the forecast period. Lucintel expects a major rebound in the market, especially in APAC region which is observing high growth of fuel efficient cars, equipped with the latest automotive electronics systems technologies.
Global automotive door module industry is expected to reach $26.8 billion by 2018, promising huge opportunity for the firms operating across the value chain.
Lucintel, a leading global management consulting and market research firm, has conducted a detailed analysis on this market and presents its findings in "Global Automotive Door Module Industry 2013-2018: Trend, Forecast, and Opportunity Analysis." The report analyses the automotive door module industry for all the four regions and analyses the risk factors and growth opportunities. Global automotive door module industry is segmented by region (APAC, Europe, NA, and ROW).
The global automotive door module industry is driven by revival in passenger cars and commercial vehicles production volume during 2011-2013. Increasing penetration of automotive door module in high-end vehicles, such as luxury vehicles and sports cars, will foster growth in the forthcoming period. Technological development, such as machatronics system emerges as a dominant technology in global automotive door module industry. This technology includes a combination of mechanical, electrical control, and computer engineering in a single system.
.APAC, particularly China and India, drives the global automotive door module industry led by rising vehicles sales, increasing government auto safety policies, and stringent environmental measure to control emission. Top players prefer to invest in APAC region as automotive industry in European and North American regions have reached its maturity level. The use of advanced automotive door module materials over the next five years (2013-2018) is expected to increase across the globe due to several benefits, such as noise and weight reduction of vehicle.
Lucintel highlights the key challenges faced by the global automotive door module industry as well, such as increasing prices of raw materials such as plastic, steel, natural fibre, etc. and inability of industry players to reduce carbon footprint emission during door modules manufacturing. Automotive door module manufacturers are facing low vertical integration problem, such as higher transportation cost at supplier's level. Door module manufacturers have to outsource some of the small components of door from Tier-one suppliers along with basic raw material which incurs huge transportation cost. The players are required to increase their ability to meet quality and delivery requirement, innovate alternative raw materials which can act as a substitute during price fluctuations, and move for backward integration to minimize manufacturing cost of door modules.
This market report is a complete study of the current trends in the market, industry growth drivers and restraints, competitive landscape, emerging trends, and key success factors. It provides market trends for the past years as well as projections for the coming years. It includes analysis of recent developments in technology, Porter's five forces model analysis, and detailed profiles of top industry players. It will help in exploring new business opportunities and ascertaining new market entry strategies by analyzing emerging geographies and unmet needs of the customers.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at [email protected]. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, Target screening, and cost efficiency. To learn more, visit www.lucintel.com
Media Contact: Roy Almaguer, Lucintel, +1-972-636-5056, [email protected]
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
Source: http://www.lucintel.com