Global Automotive Closure Market is expected to reach US$ 37.77 Billion by 2026 from US$ XX Billion in 2018 at CAGR of XX%.

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Closure Market is segmented by component, electrical vehicle type, type, application, and geography. Latch sub-segment is expected to gain the largest Automotive Closure Market share in the forecast period. The emergence of new technologies such as hands-free opening doors, LED latches, and collision avoidance closure system is expected to fuel the Component segment growth. Application segment is estimated to experience the significant growth of the power sliding door segment. This growth is attributed to increasing awareness about safety and security features among consumers.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.

Increased focus toward safety/hands-free operations and rising the awareness regarding security are trending the overall Automotive Closure Market. However, the high cost of the closure system will restrain the market growth.

The Automotive Closure Market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. APAC is going to emerge as one of the higher growth regions in the forecast period followed by North America and Europe. Japan and South Korea’s presence with their technological advancement, tremendous vehicle production in developing economies like China and India will fuel the Automotive Closure Market in the APAC region.

Key player’s studies, analyzed, profiled and benchmarked in Automotive Closure Market are Magna International Inc., Robert Bosch, DENSO, Continental, Aisin Seiki Co., Ltd., Johnson Electric, Mitsuba Corporation, Panasonic Corporation, Delphi Automotive PLC, and Omron Corporation.