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The automotive door module market share is expected to increase by USD 20.09 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 8.02%.
This automotive door module market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive door module market segmentation by application (passenger cars and commercial vehicles) and geography (APAC, Europe, North America, MEA, and South America). The automotive door module market report also offers information on several market vendors, including Brose Fahrzeugteile SE & Co. KG, DaikyoNishikawa Corp., DURA Automotive Systems, Faurecia SE, GESTAMP AUTOMOCION SA, Grupo Antolin-Irausa SA, Hirotec Corp., Inteva Products LLC, KÜSTER Holding GmbH, and Magna International Inc. among others.
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Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing demand for differentiated in-car experiences is notably driving the automotive door module market growth, although factors such as material and process fluctuation affect the final product cost and may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive door module industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive Door Module Market Driver
Growing demand for differentiated in-car experiences is a major driver fueling the automotive door module market growth. The rising ease of car ownership, high employment rates, and improving economic conditions have all added to the competitive intensity in the automotive market. In all this, new consumer needs are compelling automakers to offer differentiated features in their vehicles. This is acting as a market enabler for the global automotive OEM premium audio market. In the last decade or so, the penetration of advanced automotive technologies has been increasing year after year. Premium and luxury features, which were initially limited to ultra-luxury vehicles, are now making their appearance in lower segment vehicles too. The increase in the number of new vehicles being launched and the growth in consumer awareness have acted as a catalyst for the growing penetration of such advanced automotive technologies in lower-end vehicles. The increased penetration of advanced automotive technologies and features in lower-end vehicles has invariably led to high consumer expectations of such vehicles.
Key Automotive Door Module Market Trend
Integration of advanced safety technologies into passenger vehicles is a major trend influencing the automotive door module market growth. The penetration rate of advanced safety systems, such as emergency brake assist, lane departure warning system, collision mitigation warning, blind-spot detection, and automatic emergency braking system, is increasing with advances in communication technology. Presently, the high-cost automotive electronics share is attributed to the increased number of sensors used per vehicle due to the rising demand for safety features, such as advanced driver assistance systems (ADAS) and electronic braking systems. Currently, the average number of sensors per vehicle is around 70, which is expected to increase to 100-180 during the forecast period. This will be a result of the increasing demand for safety and convenience features and the development of fully autonomous and semi-autonomous vehicles. The average price per sensor has been on a decline. This will result in the cost-effective implementation of additional safety and luxury features, such as intelligent door systems, in vehicles, as sensors form a critical component of these systems. Soft-close door systems are equipped with sensors that are capable of detecting any obstruction between the door and the vehicle frame, thereby preventing possible injuries. All these factors will contribute to the growth of the market in focus.
Key Automotive Door Module Market Challenge
Material and process fluctuation affect the final product cost and is a major hindrance to the automotive door module market growth. The supply chain has multiple points where the fluctuation affects the pricing of services or raw materials or child parts. The contracts between suppliers and their customers (as per the hierarchy in the supply chain) determine the extent of the price burden, which can be transferred to the other level. The raw materials used in manufacturing door modules are selective plastics (polymers), glass, textile fabrics, plastic injection grain, petroleum-based resins, leathers, electronics, and metals. The industry uses quality compromise as one of the methods to reduce the additional cost burden. The level of compromise in quality is determined by the type of product, its criticality in the supply chain, and its grade of safety level associated with the vehicle. Cost increment proposal before a dedicated period exposes the company to the risk of unfavorable decisions in the supply chain. In certain situations and under special contract clauses, there are chances of transferring the cost increment load partially to the OEM.
This automotive door module market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global automotive door module market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive door module market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive door module market encompasses successful business strategies deployed by the key vendors. The automotive door module market is fragmented and the vendors are deploying organic and inorganic strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive door module market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automotive door module market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of automotive components and accessories market includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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58% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for the automotive door module market in APAC. Market growth in this region will be faster than the growth of the market in regions.
High volume adoption of luxury cars will facilitate the automotive door module market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in 2020 temporarily halted the production and sales of automobiles and related components and accessories. This negatively impacted the export of automotive components from key APAC countries, such as China, India, and Taiwan in 2020. Therefore, the automotive door module market in APAC witnessed a slow growth in 2020. In addition, the second wave of the pandemic in the majority of the countries in APAC in Q1 of 2021 has obstructed auto sales and decreased the demand for automotive door modules. However, the reopening of international boundaries for trade is likely to enhance the demand for automotive door modules in APAC during the forecast period.
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The automotive door module market share growth by the passenger cars segment has been significant and is expected to provide significant growth opportunities to market vendors. Automotive door modules are integral components of a vehicle. Thus, the increasing demand for passenger cars will create a proportional growth opportunity for the global automotive door module market
This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive door module market size and actionable market insights on post COVID-19 impact on each segment.
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Automotive Door Module Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.02% |
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Market growth 2021-2025 |
$ 20.09 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
6.21 |
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Regional analysis |
APAC, Europe, North America, MEA, and South America |
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Performing market contribution |
APAC at 58% |
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Key consumer countries |
China, US, Japan, Germany, and South Korea (Republic of Korea) |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Brose Fahrzeugteile SE & Co. KG, DaikyoNishikawa Corp., DURA Automotive Systems, Faurecia SE, GESTAMP AUTOMOCION SA, Grupo Antolin-Irausa SA, Hirotec Corp., Inteva Products LLC, KÜSTER Holding GmbH, and Magna International Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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