Automotive closure market

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• The Automotive Closure Market size is valued at
  USD 16.42 Billion in 2016 and is projected to
  grow at a CAGR of 7.75 during the forecast
  period. The base year considered for the study is
  2016 and the forecast period is from 2017 to
  2022.
• Browse 108 Market Data Tables and 45 Figures
  spread through 206 Pages and in-depth TOC on
  "Powered Gates Market - Global Forecast to 2022"
• https//www.marketsandmarkets.com/Market-Reports/a
  utomotive-powered-gate-market- 218934682.html
• Early buyers will receive 10 customization on
  this report
• The key factors driving the growth of the Powered
  Gates Market are increasing luxury features in a
  vehicle, increasing complexity of manual
  operations, and growing use of lightweight
  materials in powered applications impacting the
  fuel economy of vehicles.
• Key Players of Automotive Closure Market
• Continental AG (Germany)
• Magna International Inc. (Canada)
• Robert Bosch GmbH (Germany)
• Aisin Seiki. Co. Ltd (Japan)

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Latch is estimated to be the fastest growing
component segment in the automotive closure
market. The latch segment is projected to grow at
the fastest growth rate during the forecast
period from 2017 to 2022. The Europe region is
estimated to witness a high growth in latch
production. New technologies such as hands-free
opening doors, LED latches, and collision
avoidance closure system had increased the
production demand of technically advanced latches
in automotive closure applications. Currently, an
E- latch is the demand of all the premium
vehicle manufacturers and drivers worldwide. An
E-Latch eliminates all the hardware functions
from the conventional door system which reduces
cost and weight while improving safety. Also,
the growing demand for highly safe secure
automotive closure systems and the increasing
production of automobiles would boost the growth
of the latches segment in the automotive closure
market in the near future. Get Free Sample Report
of this Report at https//www.marketsandmarkets.
com/requestsampleNew.asp?id218934682 Asia
Oceania region is estimated to be the leading
market for automotive closures Asia Oceania is
the leading the automotive closure market as the
region represents countries such as China,
Japan, South Korea, and India with the worlds
highest vehicle production. The
automobile industry is flourishing continuously,
especially in South Asia. Chinas initiative to
reduce sales tax for passenger vehicles is
expected to expand the overall volume of vehicle
production by 1516 in 2016. India is also
expected to be the fastest growing market due to
the increasing disposable income of people.
Increased sales of premium cars would influence
the automotive closure market. For Instance,
premium car sales are increased by 14 from 2015
to 2016 in China. Also, the demand for increased
electronic components in vehicles helps to
increase the trend of automotive power closures
over manual closures. About MarketsandMarkets M
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