Growth in Automotive Industry to Promote Ascension in Global Door Control Module Market 2021 | Opportunity Assessment, Market Challenges, Key vendor analysis, Vendor landscape by 2025
Research Reports
Jan 19, 2021
Global Door Control Module Market Overview
Door control modules are used for controlling the operation of doors such as movement of mirror and door. These modules are generally placed inside the doors of the vehicles. These modules operate by managing the working of actuators across the diver and passenger doors and connecting the actuators for separating the switch panel. Door control modules are also used for managing and controlling central locking, window winders, and mirror adjustments. It also operates as an automatic door controller and is accepted widely for door lock control module and power door lock control module.
Rise in the demand for vehicle comfort and cabin features and increasing demand for lightweight doors are anticipated to raise the demand for door control modules in the industry. Moreover, growth in the production of electrified vehicles with a rise in the per capita disposable income has raised concerns for vehicle service and vehicle comfort. This in turn has proliferated the demand and consumption of door control modules in the automotive industry. It is also noticed that the manufacturers for door control modules are investing heartily in the research and development for promoting the adoption of door control modules in next-generation vehicles, where doors are lightweight and slimmer, as compared to the traditional vehicle doors.
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However, some factors are hampering the global door control modules market growth over the forecast period. the volatility in raw material prices and a change in the trade policies for automotive components are anticipated to hinder market growth over the review period. Hence, the global door control modules market is likely to expand at a 7.5% CAGR over the forecast period, as per the experts’ analysis at Market Research Future (MRFR). Further, the door control modules market is expected to reach a market revenue valuation of USD 2 billion by 2025.
Market Segmentation
The global door control modules market is segmented by type, sales channel, vehicle type, and region. Based on type, the global door control modules market is segmented into centralized and decentralized. The centralized type segment is estimated to dominate the global door control module market in terms of value as well as volume during the review period.
Based on sales channel, the global door control modules market is segmented into original equipment manufacturers and aftermarket. The original equipment manufacturers segment is expected to dictate the global door control modules market over the forecast period.
Based on vehicle type, the market for door control modules is segmented into passenger car, light commercial vehicles, and heavy commercial vehicles. The passenger car segment is anticipated to dominate the global market in terms of volume and value over the review period.
Detailed Regional Analysis
The global door control modules market is segmented into the regions of North America, Europe, Asia Pacific, and Rest of the World. Among these, Asia Pacific is expected to be at the fore of the global door control modules market over the forecast period. This foremost stance of the APAC door control modules can be accredited to the rising consumption of vehicles in the region and the rapid development of the automotive industry within the region. Apart from that, North America is expected to witness substantial growth during the review period owing to the rise in the production of commercial vehicles and icnresae the demand for control module in the vehicles.
Key Players
Continental AG (Germany), STMicroelectronics (Switzerland), Robert Bosch GmbH (Germany), Texas Instruments Incorporated (US), WABCO (Belgium), Stoneridge, Inc. (US), Magna International (Canada), ROHM Semiconductor (Japan), HELLA GmbH & Co. KGaA (Germany), and Mouser Electronics, Inc. (US) are some of the leading players present in the global door control modules market.
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Key Questions Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate?
- How are the key players in this market?
- What are the strategies adopted by key players?
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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