October 20, 2020

Automotive Glove Box Market Trends And Emerging Progress Challenges 2020-2027

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Sep 28, 2020 (Profound via COMTEX) —
The global Automotive Glove Box market garnered revenue around USD XX Billion in 2019 and projected to reach USD XX Billion in 2027, with at a compound annual growth rate of 3.6% throughout the estimate period from 2020 to 2027.

An Automotive Glove Box, also known as a glovie or glove compartment, is a section located over the front-seat passenger’s footwell, which is built into the dashboard of the vehicle. Automotive glove boxes are often used for storing various items. In many vehicles, the glove compartment closes with the use of a handle or latch and can also be locked with a key. Automotive glove boxes can be sealed or unsealed and are generally used for keeping portable items such as vehicle registration papers, insurance papers, sunglasses, pens, maps, etc. In modern-day cars, the glove boxes are mostly sealed, but few of the vehicles, such as the jeep wrangler have glove boxes that do not have a door. In England and a few areas of the northwest United States, automotive glove boxes are called lsquo;jockey boxes.

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This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.

The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Automotive Glove Box market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Automotive Glove Box market growth.

The global Automotive Glove Box market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.

Major manufacturers analysed under this study comprises:

Key Players

The key market players include IAC Group (Luxembourg), Magna International Inc. (Canada), Visteon Corporation (the U.S), ITW (the U.S), Moriroku Holdings Company (Japan), Yanfeng Automotive Interiors (China), Faurecia (the U.S), Trinseo S.A (the U.S), Hyundai Mobis (South Korea), Minda KTSN Plastic Solutions GmbH amp; Co.KG (Germany), and Recticel (Belgium).

This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:

The global automotive glove box market is segmented based on vehicle type and region. Based on vehicle type, the global automotive glove box market can be further categorized as passenger vehicles, heavy commercial vehicles, and light commercial vehicles. The passenger vehicles segment accounted for a significant contribution to the automotive glove box market during 2019 and is projected to remain dominant over the predicted period. Factors such as improved socio-economic conditions, increased industrial output, and higher disposable incomes are expected to drive the adoption of passenger cars, subsequently fueling the growth of the automotive glove box market.

Regional Analysis and Forecast

Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:

  • North America
  • Europe

    • Germany

    • U.K.

    • Italy

    • France

    • Rest of EU

  • Asia Pacific

    • China

    • India

    • Japan

    • Southeast Asia

    • Rest of APAC

  • Central amp; South America

    • Brazil

    • Argentina

    • Rest of Central amp; South America

  • Middle East and Africa

    • UAE

    • Saudi Arabia

    • Rest of MEA

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COMTEX_371972989/2630/2020-09-28T03:08:19

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The MarketWatch News Department was not involved in the creation of this content.

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