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Automotive Power Closures Market Share

Report ID: GMI12675
Published Date: Dec 2024
Report Format: PDF

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Automotive Power Closures Market Share

Automotive Power Closures Company Market Share, 2024

Bosch, Continental, and Magna collectively held a substantial market share of over 12% in the automotive power closures industry in 2024. Bosch drives growth in the automotive power closures market through innovation and customized solutions. The company invests significantly in R&D to develop energy-efficient electric motors, actuators, and advanced sensor technologies, including anti-pinch and obstacle detection. By integrating AI and IoT, Bosch enhances safety and convenience, aligning with the shift toward smart vehicles. Its scalable solutions address both high-volume and premium OEM needs, offering cost-effective options for entry-level models and advanced features for luxury vehicles.

Continental leverages its expertise in smart automotive systems to deliver power closures with integrated sensors and software. The company focuses on modular platforms to provide flexible solutions across vehicle segments, from compact cars to premium models. Its safety-driven approach underpins innovations like anti-pinch features and predictive maintenance systems. Investments in electrification and lightweight technologies position Continental to meet the growing demand for energy-efficient EVs.

Magna specializes in integrated power closure solutions, offering electric motors, actuators, and control modules. A leader in lightweight technology, Magna aligns with industry trends for energy-efficient designs. The company develops smart systems, such as hands-free liftgates and soft-close mechanisms, targeting the premium vehicle segment. Magna also emphasizes regional manufacturing to optimize costs and improve supply chain efficiency.

Automotive Power Closures Market Companies

Major players operating in the automotive power closures industry are:

Aisin
Bosch
Brose
Continental
Denso
Infineon
Inteva
Johnson Electric
Magna
NMB Technologies

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive power closures reached USD 9.4 billion in 2024 and is set to grow at a 6.8% CAGR from 2025 to 2034, driven by increasing demand for luxury and premium vehicles globally.

The electric motors segment is expected to surpass USD 8.5 billion by 2034, led by intelligent motor control systems that improve safety, obstacle detection, and motor performance through adaptive algorithms.

China's market accounted for over 40% of the revenue share in 2024, supported by localized production, smart manufacturing techniques, and reduced reliance on international components.

The key players in the industry include Aisin, Bosch, Brose, Continental, Denso, Infineon, Inteva, Johnson Electric, Magna, and NMB Technologies.