Window Lift Motors Market worth $3.8 billion by 2030 | MarketsandMarkets

Oct 20, 2024

18 Sep, 2024, 06:30 GMT

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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:

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Window Lift Motors Industry Recent Developments:

Window Lift Motors Market Size - Key Benefits of Buying the Report:

This report provides insights on:

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