The global automotive drawer slides market is expected to generate US$ 6 Bn in sales in 2022, rising to US$ 9.47 Bn by the end of 2032. During the projected period, the automotive drawer slides market is expected to grow at a moderate CAGR of 5.2%.
With the increased demand for public transportation and vehicle usage, the demand for emergency vehicle equipment, luggage compartment, car batteries, and electronic equipment has fuelled the demand for heavy duty slides. Furthermore, the same is necessary to hoist heavy loads, which has simultaneously propelled the automotive drawer slides market share, boosting demand for automotive drawer slides around the world.
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Due to the increased demand for quick, responsive linear movement drawer slides and access solutions for high weight manufacturers are focusing more on custom-built equipment, which has led to an increase in the sales of automotive drawer slides.
Novel manufacturing technologies have enabled manufacturers to design car drawer slides with ease and high-quality advanced goods while preserving reliability and therefore increasing the automotive drawer slides market size. Furthermore, the demand for automotive drawer slides has been boosted by the usage of modern products for the automotive drawer slides, which has witnessed a significant reduction in failure.
Demand for automotive drawer slides is increasing as the number of incidents and accidents increases, as does the demand for rescue vehicles that employ drawer slides to store their equipment. Furthermore, automotive drawer slides are being used in a variety of industries, including logistics and transportation, which is driving up sales of automotive drawer slides.
Automotive drawer slides vendors are actively segmenting their product line based on length, extension, and load requirements. The market’s future growth possibilities include growing industrial and logistical business, which is likely to drive the automotive drawer slides market growth during the forecast period.
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Key Takeaways from Automotive Drawer Slides Market
- North America holds the largest share of automotive drawer slides market, owing to its growing use in logistics, storage facilities, and other operations, resulting in increased demand for automobile drawer slides in developed countries such as Canada and the United States.
- Europe is estimated to record the highest growth potential in the automotive drawer slides market owing to the matured economy and entry of key manufacturers with high spending potential on innovative vehicle customization.
- The shifting demographics and rise in disposable income in the region are also increasing the desire for more automotive vehicles, which may contribute to an increase in demand for automobile drawer slides.
- China, India, and Brazil will play a vital role in driving the growth of the automobile drawer slides market.
- Growing economies such as India and China, where vehicle sales and efficiency are increasing, will play an important role in the region’s automotive drawer slides market share.
“The growing use of drawer guides and slides materials in a variety of automobiles is moving the automotive drawer slides market forward. The rise in demand for vehicle customisation is a key trend that is driving the market forward.” – FMI Analyst
Competition Landscape in the Automotive Drawer Slides Market
Innovative manufacturing methods have enabled manufacturers to design automotive drawer slides with ease and high-quality modern products while retaining reliability and therefore increasing their automotive drawer slides market share.
Furthermore, the automotive drawer slides market share has been boosted by the usage of modern goods for the automotive drawer slides, which has witnessed a significant reduction in failure.
Key players in the Automotive Drawer Slides Market includes Accuride International Inc, Jet Press Limited, Jonathan Engineered Solutions, Tiger Sliding, Monroe, Fulterer, Rockler Companies Inc, Inter IKER Systema B.V. King Slide Works Co. Ltd, and Knape & Vogt Manufacturing Company.
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Segmentation: Automotive Drawer Slides Market
By Type:
- Aluminum Automotive Drawer Slide
- Steel Automotive Drawer Slide
- Stainless Steel Automotive Drawer Slide
By Application:
- Fire Truck
- Ambulance
- Armored Security Vehicle
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Recent Developments in the Automotive Drawer Slides Market:
- Accuride International Inc has been in business for 60 years and has invented their range of automobile drawer slides and slide solutions, fueling automotive drawer slide sales.
- Jet press limited has unveiled its new soft-closing ball bearing drawer slides, ball bearing drawer slides, bottom fix drawer runners, and concealed runners. This increases market competition and drives automotive drawer slide sales.
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