Asia Newsire: Press releases on Asia
(AsiaNewsWire.Net, December 07, 2017 ) According to Publisher, the Global Automotive Glove Box market is expected to grow at a CAGR of 4.8% during the forecast period. Some of the key drivers impacting the demand for the market include, growing usage of composite materials to cut the weight of the vehicle, increasing emergence for temperature-controlled glove boxes and increasing security with multi compartments. However, stringent government regulation is major restraint hampering the market growth.
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By vehicle type, passenger car segment dominated the global market due to improved industrial outputs, enhanced socio-economic conditions and superior disposable incomes. Asia Pacific commanded the maximum share during the forecast period attributed to rising adoption of commercial vehicles in emerging countries such as China and India.
Some of the key players in this market include Minda KTSN Plastic Solutions GmbH & Co.KG, Recticel, Trinseo S.A, Hyundai Mobis, Yanfeng Automotive Interiors, Faurecia, Illinois Tool Works Inc., Moriroku Holdings Company, IAC Group, Visteon Corporation and Magna International Inc.
Vehicle Types Covered:
-Heavy commercial vehicle (HCV)
-Light commercial vehicle (LCV)
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- Rest of Europe
- New Zealand
- Rest of Asia Pacific
-Rest of the World
- Middle East
- South Africa
8.1 Minda KTSN Plastic Solutions GmbH & Co.KG
8.3 Trinseo S.A
8.4 Hyundai Mobis
8.5 Yanfeng Automotive Interiors
8.7 Illinois Tool Works Inc.
8.8 Moriroku Holdings Company
8.9 IAC Group
8.10 Visteon Corporation
8.11 Magna International Inc.
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