Window Lift Motors Market worth $3.8 billion by 2030 | MarketsandMarkets
DELRAY BEACH, Fla., Sept. 18, 2024 /PRNewswire/ -- Window Lift Motors Market size is projected to grow from USD 3.5. Billion in 2024 to USD 3.8 Billion by 2030, at a CAGR of 1.6%, according to a new report by MarketsandMarkets. The window lift motors market is expanding rapidly, driven by the growing consumer preference for comfort and convenience features like power windows, which are becoming standard in modern vehicles. 48 V window lift motors are expected to have a significant impact in the market going forward. Additionally, developments in motor technologies, such as smart motors are expected to reshape the window lift motors market.
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Browse in-depth TOC on "Window Lift Motors Market"
289 - Tables
88 - Figures
258 - Pages
Window Lift Motors Market Scope:
Report Coverage
Details
Market Revenue in 2024
USD 3.5. Billion
Estimated Value by 2030
USD 3.8 Billion
Growth Rate Poised to grow at a CAGR of 1.6%
Market Size Available for
2019-2030
Forecast Period
2024-2030
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered by Type (12 V, 24 V), Vehicle Type (PC, LCV, HCV), Vehicle Class, Window Position, Regulator Type, Aftermarket by End Use, Aftermarket by
Sales Channel, Aftermarket by Vehicle Type and Region -Global Forecast to 2030
Geographies Covered
Asia Pacific, Europe, North America, and Rest of the World
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Advancements in window lift motor technologies
Key Market Drivers
Consumer inclination toward premium vehicles
The 24 V segment of window lift motors is anticipated to show the largest growth in the North American window lift motors market.
Due to the increased growth rate in the e-commerce and last mile delivery industries within the US and Canada, the 24 V window lift motors are expected to dominate the North American market more than ever, therefore, enhancing the comfortability of commercial vehicles drivers. Light and heavy commercial vehicles are shifting from 12V to 24V electrical systems in order to improve power output and efficiency. In January 2024, Volvo North America, a branch of Volvo, introduced a new VNL Truck featuring a 24 V electric system aimed at reducing electrical problems. This will, in turn, lead to higher usage of 24 V Motors and will guarantee that these motors are compatible to prevent failure hence leading to growth on this particular segment. For instance, IFB Industries Limited based on India provide window lift motor which involved 24V high torque serration type, drum pulley.
Rear windows segment is anticipated to be the fastest growing position in the global window lift motors market.
The rear windows is expected to see the highest increase in growth in the near future due to increasing demand from customers for better vehicle comfort and convenience. The segment of back window motors in the passenger vehicle window lift motors market includes motors that control power window functions for rear doors. This part is particularly noticeable in medium-priced and luxury passenger cars, where rear power windows are commonly included as a standard feature. Brose Fahrzeugteile SE & Co. KG from Germany supplies the rear power window motor for the 2024 BMW 430i.. Some of these models also come with one-touch window control and anti-pinch features. Auto makers are including a greater number of these characteristics in various car models, leading to a growth in this sector. The Opel Mokka (2024 model year) is a case in point, using power window motors from Inteva Products (US) for both the front and rear windows.
Germany to lead the window lift motors market in Europe.
Germany is expected to experience the largest growth due to its extensive vehicle production and strong automotive industry. The country is home to leading automakers such as BMW, Volkswagen, and Mercedes-Benz. Additionally, as well as key window lift motor manufacturers like Robert Bosch GmbH and Brose Fahrzeugteile GmbH & Co. KG. Germany's high vehicle ownership rate and extensive sales of premium passenger cars further contribute to the growing market for window lift motors in the country.
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Window Lift Motors Market Dynamics:
Drivers:
1. Consumer inclination toward premium vehicles
Restraints:
1. Disruptions in supply chain
Opportunities:
1. Advancements in window lift motor technologies
Challenge:
1. Intense competition and price pressures
Key Market Players Window Lift Motors Industry:
Prominent players in the Window Lift Motors Market include as Denso Corporation (Japan), Brose Fahrzeugteile SE & Co. KG (Germany), Robert Bosch GmbH (Germany), Mitsuba Corp. (Japan), and HI-LEX Corporation (Japan), and Antolin (Spain).
The break-down of primary participants is as mentioned below:
-- By Respondent Type: OEMs - 24%, Tier 1 -42% and Tier 2 and 3 - 34%,
-- By Designation: CXO's - 37%, Managers - 49%, and Executives - 14%
-- By Region: North America - 28%, Europe - 36%, Asia Pacific - 32%, and
Rest of the World - 4%
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Window Lift Motors Industry Recent Developments:
-- In May 2024, Denso Corporation (Japan) established a new office in
Minato-ku, Tokyo, to integrate sales, engineering, business, and
corporate divisions, supporting face-to-face communication with
customers, partners, and government agencies in the Greater Tokyo Area.
-- In February 2024, STMicroelectronics (Switzerland) announced the
AEK-MOT-WINH92 evaluation board aimed at driving DC motors for car
window lifters, featuring an anti-pinch mechanism using three types of
current sensing without motor encoders and offering flexible
configuration options and fault detection capabilities.
-- In January 2024, Han Yale Ind. Co., Ltd. (Taiwan) announced that it will
showcase a new smart window lift motor and window regulator at the AAPEX
event in 2024.
-- In December 2023, Brose Fahrzeugteile SE & Co., KG (Germany) signed an
agreement for contract renewal with HASCO Co., Ltd. (China) for 25 more
years. Both companies have a joint venture, Shanghai Brose Automotive
Components, which develops and manufactures door modules, window
regulators, seat structures, and latches.
-- In April 2022, SONTIAN AUTOMOTIVE CO., LTD. (China) announced its move
to a new factory in Rui-An City, China, to expand production
capabilities.
Window Lift Motors Market Size - Key Benefits of Buying the Report:
-- The report will help the market leaders/new entrants with information on
the closest approximations of the revenue numbers for the overall window
lift motors market and the subsegments.
-- This report will help stakeholders understand the competitive landscape
and gain more insights to position their businesses better and plan
suitable go-to-market strategies.
-- The report also helps stakeholders understand the market pulse and
provides information on key market drivers, restraints, challenges, and
opportunities.
This report provides insights on:
-- Analysis of key drivers (Increasing consumer demand for comfort and
convenience, Growing vehicle production, Shifting customer preferences
for premium and luxury vehicles), restraints (Declining automobile
sales, Supply chain disruptions), opportunities (Untapped growth
potential in aftermarket, Rising demand for window lift motors from
emerging markets), and challenges (Intense competition and price
pressures, High consumer demand for durability and efficiency)
influencing the growth of the window lift motors market.
-- Product Development/Innovation: Detailed insights on upcoming
technologies, research & development activities, and new product &
service launches in the window lift market.
-- Market Development: Comprehensive information about lucrative markets -
the report analyses the window lift motors market across varied regions.
-- Market Diversification: Exhaustive information about new products &
services, untapped geographies, recent developments, and investments in
the window lift motors market.
-- Competitive Assessment: In-depth assessment of market shares, growth
strategies, and service offerings of leading players like Denso
Corporation (Japan), Brose Fahrzeugteile SE & Co. KG (Germany), Robert
Bosch GmbH (Germany), Mitsuba Corp. (Japan), and HI-LEX Corporation
(Japan), and Antolin (Spain) among others in the window lift motors
market.
-- Strategies: The report also helps stakeholders understand the pulse of
the window lift motors market and provides them with information on key
market drivers, restraints, challenges, and opportunities.
Related Reports:
Electric Vehicle Market - Global Forecast 2030
Electric Bus Market - Global Forecast to 2030
Automotive Motors Market - Global Forecast to 2027
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