Automotive Closures Market: An Insight On the Important Factors and Trends Influencing the Market 2020 - 2030
Automotive Closures Market : Introduction Automotive closures are a non-structural part of the vehicle that are hinged to the body frames, such as doors, to allow entry and exit from the vehicle. Automotive closures are a critical part of the vehicle, as they contribute to vehicle safety and add functional value. Automotive closures have witnessed a significant amount of development, in terms of design, weight, and features, for the last few years. Key Drivers of Global Automotive Closures Market The global automotive closure market is primarily driven by an increase in sales of vehicle. Increased demand for commute among youth and middle income families has fueled the sales of new vehicles. Availability of zero down-payment and attractive EMI options and easy financing of subprime mortgages are boosting the ownership of vehicles, which in turn is driving the automotive closures market. Adoption of fancy hull-winged doors, electric powered tailgates, and smart doors has ...