(MENAFN- P&S Market Research Reports) The number of passenger vehicles across the globe has risen considerably over the past few years. The sales of mid-priced passenger cars reached more than 30% among the global sales, in 2016, and the industry is further expected to advance at a considerable rate in the years to come. This is ascribed to the increasing disposable income of people and strong economic growth in various countries. Furthermore, over 60% of passenger car sales is accounted for by developing countries, where the sales are predicted to increase by 5%–6% by 2020. This growing demand for passenger vehicles is leading to the rising demand for automotive anti-pinch power window.
The anti-pinch technology is utilized as a safety system in modern vehicles that are integrated with power windows, which use an electric motor for operating. The anti-pinch technology avoids the winding up of the power window. In case the system senses any hurdle in the path of the glass, it stops the window glass from moving up, thereby preventing possible injuries to the passengers and drivers. It is due to such advantages of this technology that the automotive anti-pinch power window system market is expected to progress at a considerable rate in the years to come.
The demand for this technology in the automotive sector has been growing due to the increasing electrification of vehicles and the rising awareness regarding safety features among customers. In addition to this, governments of various countries are also implementing various policies and are taking several initiatives to make sure that the safety of vehicles is increased. The demand for this technology is particularly high for luxury cars in emerging economies. Since the technology is considerably new, it is mostly integrated in luxury vehicles. This factor is further driving the demand for luxury vehicles in various countries.
The automotive anti-pinch power window system market is expected to generate a revenue of $3,611.2 million by 2023, progressing at a 12.0% CAGR during the forecast period (2017–2023). When type is taken into consideration, the market is bifurcated into manual and automatic, between which, the automatic bifurcation held the larger share of the market in the past. This is due to the increasing vehicle electrification and surging awareness regarding innovative safety features. On the basis of end user, the market is divided into commercial vehicles and passenger vehicles.
Between these two, the passenger vehicles division accounted for the major share of the market in the past, owing to the swiftly growing automotive industry, primarily in developing countries, such as Brazil, India, South Africa, and China. As per a report by P&S Intelligence, North America and Europe together accounted for about 70.0% of the global automotive anti-pinch power window system market in 2016. This can be attributed to the strict safety norms regarding vehicle safety, rise in vehicles export and production, technological advancements, and increasing investments in the automotive industry.
Hence, the demand for the anti-pinch technology is growing due to the rising sales of passenger vehicles, increasing demand for luxury vehicles, electrification of vehicles.
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