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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Improved Safety Standards Aiding the Automotive Active Bonnet Market Growth
The introduction of automotive safety ratings is a crucial driver of the development of the global automotive active bonnet market. The increasing number of vehicles with a high number of safety systems has prompted car safety programs, such as NCAP, to improve their performance requirements. This obliges vehicle manufacturers to introduce an active cap that will drive the growth of the global market in the coming years. Many automakers are investing a large part of their revenue in their research and development to provide their customers with more comfortable and safer vehicles. Significant growth in the automotive industry is fuelling the market's growth along with the rise in demand for comfort and luxury measures in vehicles. Growing sales of vehicles across the world are also anticipated to accelerate the market growth. In addition, the adoption of new technology in the automotive industry, such as anti-theft systems and active bonnet systems for the advancement of vehicles, are the major factors propelling the global automotive active bonnet market during the forecast period.
Automotive Active Bonnet Market Report Snapshots
Automotive Active Bonnet Market Size
Automotive Active Bonnet Market Growth
Automotive Active Bonnet Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global automotive active bonnet market is projected to grow at a CAGR of nearly 11% in the forecast period of 2024-2032.
The major drivers of the industry include rising disposable incomes, increasing population, and the rising adoption of ADAS in various automobiles.
The introduction of automotive safety ratings is expected to be a key trend guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with Europe accounting for the largest market share.
The major application sectors of the product include sedan, SUV and crossover, and hatchback.
The leading players in the market are Daimler AG, Jaguar Land Rover Ltd., Volkswagen AG, and Volvo Car, among others.
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