January 16, 2021

Stabilizer

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New York, United States, Thu, 26 Nov 2020 08:23:36 / Comserve Inc. / — Global automotive door stabilizer market is expected to flourish at a significant CAGR during the forecast period.

The global automotive door stabilizer market is segmented into vehicle type such as passenger vehicles, light commercial vehicle and heavy commercial vehicle. Among these segments, passenger car door stabilizer segment is expected to occupy top position in overall automotive door stabilizer market during the forecast period. This can be attributed to the increasing sale of passenger cars across the globe. Moreover, increasing demand for driving pleasure is anticipated to intensify the growth of the automotive door stabilizer market. Passenger vehicle segment is further sub-segmented into sports car, luxury vehicles and economy cars, out of which, sports car segment is anticipated to account for highest percentage of market share in passenger vehicle door stabilizer market.

Global automotive door stabilizer market is expected to flourish at a significant CAGR during the forecast period. Growing automotive production, increasing urbanization, rising disposable income are some of the key factors driving the growth of the automotive door stabilizer market. Moreover, the global automotive door stabilizer market is expected to garner noteworthy revenue by the end of 2024.

Asia Pacific dominated the overall automotive door stabilizer market and is expected to continue its dominance over the forecast period. This can be attributed to spiked production of vehicle in the region. Further, rising disposable income coupled with increasing demand for premium vehicles is expected to accelerate the growth of automotive market in the upcoming years. North America and Europe automotive door stabilizer market is anticipated to witness robust growth during the forecast period. Increasing adoption of advanced automotive accessories and rising spending on vehicles is anticipated to uplift the market of automotive door stabilizer. Moreover, Latin America is anticipated to grow at modest CAGR during the forecast period. Further, growing automotive industry in the region is anticipated to drive the growth of the automotive door stabilizer in Latin America.

Robust Growth of Automotive Industry

Increasing global population coupled with rising per capita income is expected to provide robust growth to the automotive industry in the upcoming years. Consequently, the demand for advanced automotive accessories such as automotive door stabilizer is anticipated to witness significant growth in the upcoming years.

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Stringent Government Regulations

Initiatives by government authorities to ensure the passenger safety are also anticipated to positively impact the growth of the automotive door stabilizer market. Moreover, increasing research & development expenditure by OEM is likely to spearhead future market growth.

Although, low number of market players and lack of compatible products per vehicle is likely to dampen the growth of automotive door stabilizer market during the forecast period.

The report titled “Automotive Door Stabilizer Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation” delivers detailed overview of the global automotive door stabilizer market in

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