SAN FRANCISCO, Oct. 12, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled «Automotive Intelligent Door System – Global Market Trajectory & Analytics». The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 476
Companies: 25 – Players covered include Brose Fahrzeugteile GmbH & Co. KG; Continental AG; Huf Hulsbeck & Furst GmbH & Co. KG; Johnson Electric Holdings Ltd.; Kiekert AG; Schaltbau Holding AG and Others.
Coverage: All major geographies and key segments
Segments: Technology (Power Sliding Door Systems, Soft Close Door System, Retractable Door Handle System)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Automotive Intelligent Door System Market to Reach 4.6 Million Units by 2026
Amid the COVID-19 crisis, the global market for Automotive Intelligent Door System estimated at 2 Million Units in the year 2020, is projected to reach a revised size of 4.6 Million Units by 2026, growing at a CAGR of 14.9% over the analysis period. Power Sliding Door Systems, one of the segments analyzed in the report, is projected to record a 15.5% CAGR and reach 3.1 Million Units by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Soft Close Door System segment is readjusted to a revised 14.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at 613.2 Thousand Units in 2021, While China is Forecast to Reach 1 Million Units by 2026
The Automotive Intelligent Door System market in the U.S. is estimated at 613.2 Thousand Units in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of 1 Million Units by the year 2026 trailing a CAGR of 19.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.6% and 13.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.7% CAGR.
Retractable Door Handle System Segment to Reach 602.5 Thousand Units by the year 2026
In the global Retractable Door Handle System segment, USA, Canada, Japan, China and Europe will drive the 11.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of 218.7 Thousand Units in the year 2020 will reach a projected size of 479.8 Thousand Units by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.