Automotive Sliding Door Market Size Worth USD 16.10 Billion, Globally, by 2030 at a CAGR of 3.55%
Fortune Business Insights
Fortune Business Insights

Automotive Sliding Door Market to be Worth USD 16.10 Billion by 2030; Increasing Sliding Doors Demand to Boost Market Growth in Europe

Pune, India., Oct. 17, 2023 (GLOBE NEWSWIRE) -- The global automotive sliding door market size was valued at USD 12.30 billion in 2022. The market is projected to grow from USD 12.60 billion in 2023 to USD 16.10 billion by 2030, exhibiting a CAGR of 3.55% during the forecast period.

Automotive sliding doors are a type of door, used in vehicles such as minivans, large SUVs, vans, and buses. These automotive sliding doors mainly differ from traditional hinged doors as they slide horizontally rather than swinging open. The automotive power sliding doors deliver hands-free operation, further propelling the automotive sliding door market growth during the forecast period.

Market Drivers & Restraints-

Rising Government Regulations for Emission Control to Augment Market Growth

The increasing number of government regulations for emission control, growing environmental concerns among the people, and increasing government initiatives for the adoption of electric vehicles by offering subsidies and tax benefits to boost automotive sliding door market growth during the forecast period. The automotive electrification in the automotive industry is also driving market growth during the forecast period.

However, the high maintenance and repair costs due to the complexity of sliding door systems may hinder market growth during the forecast period.

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Report Highlights:

Report Coverage

Details

Forecast Period

2023-2030

Forecast Period 2023 to 2030 CAGR

3.55%

2030 Value Projection

USD 16.10 Billion

Base Year

2022

Market Size in 2023

USD 12.60 Billion

Historical Data for

2019-2021

No. of Pages

184

Competitive Landscape-

Increasing Key Players Focus on Collaborations to Aid Market Growth

The increasing focus of key market players on the adoption of partnerships and collaboration strategies to strengthen their market position to drive market growth during the forecast period. The increasing key players focus on new and advanced technologies to augment market growth during the projected period.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/automotive-sliding-door-market-108479

Segments-

Rising Adoption of Latches and Locks to Drive Others Segment Growth

By component type, the market is segmented into sensors, control module, motor & actuators, wiring harness, rollers, and others. The others segment, including latches & locks, soundproofing, insulation, and panels, is estimated to dominate the market during the forecast period. The increasing adoption of power sliding doors raised the demand for latches & locks, driving market segment growth during the forecast period.