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Automotive Comfort and Closure Motors Market

ID: MRFR/AT/20071-CR
294 Pages
Sejal Akre
April 2024

Automotive Comfort and Closure Motors and Actuators Market Research Report By Offering (Motors{Brushless DC Motors ,Brush Motors ,Stepper Motors}, Actuator), By Application (Seating Actuation {Recliner, Height Adjustment, Tilt ,Track Adjustment}, Power Liftgate (PLG) ,Seat Latch ,Sunroof, Frunk ,Power Windows, Others), By Vehicle Propulsion (ICE vehicles , EV (Electric Vehicles), By Vehicle Type(Passenger Cars ,Commercial Vehicles { LCVs, Trucks ,Buses}, Off-Highway Vehicles) ,By Sales Channel (OEM and Aftermarket) and By Region (North America, Europe, Asia-Pacific, Middle East and Africa, South & Central America) –Market Forecast Till 2035

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Automotive Comfort and Closure Motors Market Summary

As per MRFR analysis, the Automotive Comfort and Closure Motors Market was estimated at 7404.56 USD Million in 2024. The Automotive Comfort and Closure Motors industry is projected to grow from 7976.21 USD Million in 2025 to 16779.14 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 7.72% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Automotive Comfort and Closure Motors Market is poised for substantial growth driven by technological advancements and evolving consumer preferences.

  • The integration of smart technologies is transforming the functionality of automotive comfort and closure motors, enhancing user experience.
  • Sustainability initiatives are increasingly influencing motor design, aligning with global environmental goals.
  • The adoption of electric vehicles is accelerating, contributing to the demand for advanced comfort features in this segment.
  • Rising consumer demand for comfort features and technological advancements in motor design are key drivers propelling market growth.

Market Size & Forecast

2024 Market Size 7404.56 (USD Million)
2035 Market Size 16779.14 (USD Million)
CAGR (2025 - 2035) 7.72%

Major Players

Robert Bosch GmbH (DE), Continental AG (DE), Denso Corporation (JP), Magna International Inc. (CA), Valeo SA (FR), Aisin Seiki Co., Ltd. (JP), Johnson Electric Holdings Limited (HK), Brose Fahrzeugteile GmbH & Co. KG (DE), Hella GmbH & Co. KGaA (DE)

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Enabled $4.3B Revenue Impact for Fortune 500 and Leading Multinationals
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Automotive Comfort and Closure Motors Market Trends

The Automotive Comfort and Closure Motors Market is currently experiencing a transformative phase, driven by advancements in technology and evolving consumer preferences. As vehicles become increasingly sophisticated, the demand for enhanced comfort features and automated closure systems is on the rise. This market encompasses a variety of applications, including power windows, sunroofs, and trunk lids, which are integral to modern automotive design. Manufacturers are focusing on integrating smart technologies, such as sensors and connectivity, to improve user experience and safety. Furthermore, the shift towards electric vehicles is likely to influence the market dynamics, as these vehicles often require specialized motors that cater to their unique operational needs. In addition to technological advancements, sustainability is becoming a pivotal factor in the Automotive Comfort and Closure Motors Market. Consumers are increasingly aware of environmental impacts, prompting manufacturers to adopt eco-friendly materials and energy-efficient solutions. This trend aligns with global efforts to reduce carbon footprints and promote greener alternatives in the automotive sector. As the market evolves, it appears that the interplay between innovation, consumer demand, and sustainability will shape the future landscape of automotive comfort and closure systems, potentially leading to new opportunities and challenges for industry players.

Integration of Smart Technologies

The incorporation of smart technologies into automotive comfort and closure systems is gaining traction. Features such as automated window controls and intelligent trunk mechanisms enhance user convenience and safety. This trend reflects a broader movement towards connectivity in vehicles, where systems communicate seamlessly to improve overall functionality.

Sustainability Initiatives

Sustainability is becoming increasingly relevant in the Automotive Comfort and Closure Motors Market. Manufacturers are exploring eco-friendly materials and energy-efficient designs to meet consumer expectations for environmentally responsible products. This shift not only addresses consumer concerns but also aligns with regulatory pressures for greener automotive solutions.

Growth in Electric Vehicle Adoption

The rise in electric vehicle adoption is influencing the Automotive Comfort and Closure Motors Market. Electric vehicles often require specialized motors that cater to their unique operational characteristics. This trend suggests a potential shift in market dynamics, as manufacturers adapt to the specific needs of electric vehicle technology.

Automotive Comfort and Closure Motors Market Drivers

Market Growth Projections

The Global Automotive Comfort and Closure Motors Market and Actuators Market Industry is projected to experience substantial growth over the coming years. With a market value expected to reach 7.4 USD Billion in 2024 and an impressive 16.8 USD Billion by 2035, the industry is poised for a robust expansion. The anticipated compound annual growth rate (CAGR) of 7.75% from 2025 to 2035 indicates a strong upward trend, driven by factors such as technological advancements, increasing consumer expectations, and the rising adoption of electric vehicles. This growth trajectory suggests a dynamic and evolving market landscape.

Increasing Electric Vehicle Adoption

The surge in electric vehicle (EV) adoption is reshaping the Global Automotive Comfort and Closure Motors Market and Actuators Market Industry. Electric vehicles often incorporate advanced comfort and closure systems that enhance user experience, such as automated doors and smart climate control. As governments worldwide implement stricter emissions regulations and consumers gravitate towards greener alternatives, the demand for EVs is expected to rise. This shift not only supports the growth of the market but also aligns with broader environmental objectives, potentially leading to a market value increase from 7.4 USD Billion in 2024 to 16.8 USD Billion by 2035.

Regulatory Support for Automotive Innovations

Government regulations promoting automotive innovations are likely to play a crucial role in the Global Automotive Comfort and Closure Motors Market and Actuators Market Industry. Initiatives aimed at enhancing vehicle safety and environmental performance encourage manufacturers to invest in advanced technologies, including comfort and closure systems. Such regulatory frameworks may drive the adoption of innovative solutions, further propelling market growth. As the industry evolves, the anticipated rise in market value from 7.4 USD Billion in 2024 to 16.8 USD Billion by 2035 reflects the positive impact of regulatory support on technological advancements.

Rising Consumer Expectations for Comfort Features

Consumer preferences are shifting towards enhanced comfort features in vehicles, which significantly influences the Global Automotive Comfort and Closure Motors Market and Actuators Market Industry. Features such as automatic window lifts, heated seats, and adjustable steering columns are increasingly sought after, reflecting a broader trend towards luxury and convenience in automotive design. As manufacturers respond to these demands, the market is likely to see substantial growth. The anticipated increase in market value from 7.4 USD Billion in 2024 to 16.8 USD Billion by 2035 underscores the importance of comfort features in driving sales and customer satisfaction.

Growing Demand for Advanced Driver Assistance Systems

The increasing integration of advanced driver assistance systems (ADAS) in vehicles appears to be a primary driver for the Global Automotive Comfort and Closure Motors Market and Actuators Market Industry. As consumers prioritize safety and convenience, automakers are incorporating features such as automated door closures and power liftgates, which rely heavily on actuators. This trend is reflected in the projected market growth, with the industry expected to reach 7.4 USD Billion in 2024 and 16.8 USD Billion by 2035, indicating a robust CAGR of 7.75% from 2025 to 2035. Such advancements not only enhance user experience but also contribute to overall vehicle safety, thereby driving market expansion.

Technological Advancements in Motor and Actuator Design

Innovations in motor and actuator technology are pivotal to the evolution of the Global Automotive Comfort and Closure Motors Market and Actuators Market Industry. Developments such as brushless motors and smart actuators enhance performance, efficiency, and reliability. These advancements not only improve the functionality of comfort features but also reduce energy consumption, aligning with global sustainability goals. As automotive manufacturers increasingly adopt these technologies, the market is poised for growth, with projections indicating a rise from 7.4 USD Billion in 2024 to 16.8 USD Billion by 2035, driven by a CAGR of 7.75% from 2025 to 2035.

Market Segment Insights

By Application: Power Windows (Largest) vs. Sunroofs (Fastest-Growing)

In the Automotive Comfort and Closure Motors Market, Power Windows continue to hold the largest share among application segments, driven by their crucial role in enhancing passenger convenience and safety. Following Power Windows, Door Locks and Seat Adjustments present strong market shares as well, showcasing their importance in vehicle functionality and comfort. Meanwhile, Sunroofs and Trunk Lids, while smaller in share, indicate a growing demand as they cater to luxury and practicality in modern vehicles.

Power Windows (Dominant) vs. Sunroofs (Emerging)

Power Windows have established dominance within the Automotive Comfort and Closure Motors Market, largely attributed to consumer preferences for enhanced convenience and enhanced vehicle aesthetics. The integration of advanced technologies, such as one-touch operation and anti-pinch features, further solidifies Power Windows as an essential component in contemporary automobiles. Conversely, Sunroofs are emerging as a compelling feature, driven by consumer demand for enhanced driving experiences and open-air comfort. Manufacturers are increasingly incorporating electric motors to automate the operation of Sunroofs, highlighting the segment's rapid growth. As trends lean towards luxury and an upscale user experience, Sunroofs represent a significant potential for growth within this market.

By End Use: Passenger Vehicles (Largest) vs. Electric Vehicles (Fastest-Growing)

In the Automotive Comfort and Closure Motors Market, the segment insights reveal that passenger vehicles dominate the market share, attributed to their essential need for comfort and closure features within personal and family vehicles. This segment accounts for a significant portion of the overall market, driven by the increasing demand for enhanced driver and passenger comfort. In contrast, electric vehicles have emerged as the fastest-growing segment, reflecting a shift in consumer preferences towards sustainable transport solutions.

Passenger Vehicles (Dominant) vs. Electric Vehicles (Emerging)

Passenger vehicles hold a dominant position in the Automotive Comfort and Closure Motors Market, primarily due to the necessity for advanced features that enhance user experience, including automated closures and adjustable seating systems. Meanwhile, electric vehicles represent an emerging segment, gaining traction due to global sustainability efforts and growing consumer interest in eco-friendly transportation. As manufacturers innovate to integrate smart closures and comfort solutions tailored for electric vehicles, this segment is set to witness rapid growth, aligning with technological advancements and changing automotive regulations.

By Motor Type: DC Motors (Largest) vs. Brushless Motors (Fastest-Growing)

In the Automotive Comfort and Closure Motors Market, DC Motors dominate the landscape, accounting for significant market share thanks to their durability and reliability in automotive applications. Their established presence in systems such as power windows and seat adjustments makes them a preferred choice among manufacturers. Brushless Motors, on the other hand, are rapidly gaining traction due to their efficiency and reduced maintenance needs, appealing especially to electric vehicle manufacturers looking to enhance performance and safety.

DC Motors (Dominant) vs. Brushless Motors (Emerging)

DC Motors are recognized for their simplicity, cost-effectiveness, and widespread adoption across various automotive comfort applications. Their consistent performance and ease of integration into existing systems solidify their dominant position in the market. In contrast, Brushless Motors are emerging as a compelling alternative due to their far superior energy efficiency, longevity, and reduced noise levels. As electric vehicles rise in popularity, the demand for Brushless Motors is expected to increase, driven by their advanced technology that meets the growing need for sustainable and high-performance automotive solutions.

By Technology: Electromechanical (Largest) vs. Electrohydraulic (Fastest-Growing)

The Automotive Comfort and Closure Motors Market is significantly shaped by the technology segment, comprising primarily electromechanical, electrohydraulic, and electropneumatic systems. Among these, electromechanical motors hold the largest market share, driven by their widespread application in door closures, power windows, and various comfort features in modern vehicles. In contrast, electrohydraulic systems, while smaller in market share currently, are quickly gaining traction due to their superior performance and efficiency in applications requiring high force output, positioning them as a notable competitor to electromechanical solutions. Growth trends in the automotive industry are steering the focus towards more efficient and advanced technology solutions for comfort and closure mechanisms. The transition to electric vehicles (EVs) and the increasing demand for automated systems promotes a rapid development in electrohydraulic technologies. Furthermore, regulatory pressures for energy efficiency and the pursuit of enhanced driver and passenger experiences are driving investments and innovations in this segment, thus providing favorable conditions for the growth of both electromechanical and electrohydraulic systems in the near future.

Technology: Electromechanical (Dominant) vs. Electropneumatic (Emerging)

Electromechanical motors are currently the dominant technology in the Automotive Comfort and Closure Motors Market, recognized for their reliability and versatility in various automotive applications. These motors are integral to performance attributes such as power windows and door latch mechanisms, showcasing their crucial role in enhancing vehicle comfort. Meanwhile, electropneumatic motors are emerging as a notable player, particularly in niche applications requiring lightweight and compact solutions. As the industry evolves, advancements in electropneumatic technology promise to offer benefits like reduced weight and improved responsiveness, setting the stage for potential growth as automotive manufacturers seek innovative solutions to meet dynamic consumer needs.

By Vehicle Type: SUVs (Largest) vs. Sedans (Fastest-Growing)

In the Automotive Comfort and Closure Motors Market, the distribution of market share reflects distinct preferences in vehicle types. SUVs currently dominate the market due to their increasing adoption for both personal and commercial purposes. Following closely are sedans, which have seen a resurgence in popularity thanks to their desirable fuel efficiency and comfort features. Meanwhile, coupes and vans hold smaller shares, catering to niche segments but contributing to the overall diverse landscape of this market. As consumer preferences evolve, growth trends are shaping the future of the automotive sector. The SUV segment is driven by the growing demand for spacious and versatile vehicles, appealing to families and active lifestyles. Conversely, sedans are witnessing a resurgence as innovations in comfort and technology enhance their appeal, particularly among urban drivers seeking efficient and stylish options. The market is expected to see continued innovations in motor technology, contributing to each segment's growth trajectory.

SUVs (Dominant) vs. Sedans (Emerging)

In the Automotive Comfort and Closure Motors Market, SUVs stand out as the dominant vehicle type due to their versatility and suitability for various consumer needs, offering ample passenger and cargo space. This segment effectively caters to family-oriented buyers and those prioritizing off-road capabilities or luxury features. In contrast, sedans, though traditionally viewed as less dominant, are emerging as appealing options for urban drivers thanks to enhancements in fuel efficiency and advanced comfort features. Their sleek designs and technology integrations are drawing in a new generation of consumers, indicating a significant potential for growth. Both segments continue to shape the automotive market's landscape, reflecting shifting consumer preferences toward comfort, technological advancements, and practical solutions.

Get more detailed insights about Automotive Comfort and Closure Motors Market

Regional Insights

North America : Market Leader in Innovation

North America is poised to maintain its leadership in the Automotive Comfort and Closure Motors Market, with a market size of $3702.28M in 2025. The region's growth is driven by increasing consumer demand for advanced automotive features, stringent safety regulations, and a shift towards electric vehicles. Regulatory support for innovation and sustainability further catalyzes market expansion, making it a hub for automotive technology. The United States and Canada are the leading countries in this sector, hosting major players like Robert Bosch GmbH and Continental AG. The competitive landscape is characterized by significant investments in R&D and collaborations among key manufacturers. This dynamic environment fosters innovation, ensuring that North America remains at the forefront of automotive comfort technologies.

Europe : Emerging Market with Potential

Europe's Automotive Comfort and Closure Motors Market is projected to reach $2222.74M by 2025, driven by a robust automotive industry and increasing consumer preferences for comfort and safety features. The region benefits from stringent regulations promoting energy efficiency and emissions reduction, which are pivotal in shaping market dynamics. The demand for electric vehicles is also a significant catalyst for growth, aligning with the EU's sustainability goals. Germany, France, and the UK are the leading countries in this market, with key players like Valeo SA and Aisin Seiki Co., Ltd. dominating the landscape. The competitive environment is marked by innovation and strategic partnerships among manufacturers, enhancing product offerings. As the market evolves, Europe is expected to leverage its technological expertise to capture a larger share of the automotive comfort segment.

Asia-Pacific : Rapid Growth and Expansion

The Asia-Pacific region is witnessing rapid growth in the Automotive Comfort and Closure Motors Market, with a projected size of $1300.0M by 2025. This growth is fueled by rising disposable incomes, urbanization, and increasing vehicle production in countries like China and Japan. Additionally, government initiatives promoting electric vehicles and advanced automotive technologies are driving demand for comfort and closure solutions in the automotive sector. China is the dominant player in this market, supported by major manufacturers such as Denso Corporation and Johnson Electric Holdings Limited. The competitive landscape is characterized by a mix of local and international players, all vying for market share. As the region continues to expand, innovation and technological advancements will play a crucial role in shaping the future of automotive comfort solutions.

Middle East and Africa : Niche Market with Opportunities

The Middle East and Africa region represents a niche market for Automotive Comfort and Closure Motors, with a market size of $179.54M projected for 2025. The growth in this region is primarily driven by increasing vehicle ownership and a growing middle class. Additionally, investments in infrastructure and automotive manufacturing are expected to enhance market dynamics. Regulatory frameworks are gradually evolving to support automotive innovations, which will further stimulate demand. Countries like South Africa and the UAE are emerging as key players in this market, with local manufacturers and international companies exploring opportunities. The competitive landscape is still developing, but the presence of global players like Magna International Inc. indicates a growing interest in this region. As the market matures, there will be significant opportunities for growth and investment in automotive comfort technologies.

Automotive Comfort and Closure Motors Market Regional Image

Key Players and Competitive Insights

The Automotive Comfort and Closure Motors Market is characterized by a dynamic competitive landscape, driven by technological advancements and increasing consumer demand for enhanced vehicle comfort and safety features. Key players such as Robert Bosch GmbH (Germany), Continental AG (Germany), and Valeo SA (France) are at the forefront, focusing on innovation and strategic partnerships to solidify their market positions. These companies are actively investing in research and development to create advanced motor systems that integrate seamlessly with modern vehicle architectures, thereby enhancing user experience and operational efficiency.In terms of business tactics, companies are increasingly localizing manufacturing to reduce costs and improve supply chain resilience. The market structure appears moderately fragmented, with several players vying for market share. However, the collective influence of major companies like Denso Corporation (Japan) and Magna International Inc. (Canada) is significant, as they leverage their extensive distribution networks and technological expertise to maintain competitive advantages.
In November Valeo SA (France) announced the launch of a new line of smart closure motors designed to enhance vehicle security and user convenience. This strategic move is likely to position Valeo as a leader in the integration of smart technologies within automotive systems, catering to the growing demand for connected vehicle features. The introduction of these motors not only aligns with current trends towards digitalization but also emphasizes Valeo's commitment to innovation in the automotive sector.
In October Continental AG (Germany) expanded its partnership with a leading electric vehicle manufacturer to develop advanced comfort motors that support autonomous driving features. This collaboration underscores Continental's strategic focus on integrating comfort solutions with cutting-edge technology, potentially enhancing the driving experience in future vehicles. Such partnerships are indicative of a broader trend where traditional automotive suppliers are aligning with tech companies to stay relevant in an evolving market landscape.
In September Denso Corporation (Japan) unveiled a new manufacturing facility dedicated to the production of energy-efficient closure motors. This facility is expected to enhance Denso's production capabilities and reduce lead times, thereby improving its competitive positioning. The emphasis on energy efficiency reflects a growing trend towards sustainability in automotive manufacturing, which is becoming increasingly important to consumers and regulators alike.
As of December the competitive trends in the Automotive Comfort and Closure Motors Market are heavily influenced by digitalization, sustainability, and the integration of artificial intelligence. Strategic alliances are becoming more prevalent, as companies recognize the need to collaborate to innovate effectively. The shift from price-based competition to a focus on technological advancement and supply chain reliability is evident, suggesting that future competitive differentiation will hinge on the ability to deliver innovative solutions that meet evolving consumer expectations.

Key Companies in the Automotive Comfort and Closure Motors Market include

Industry Developments

Taiwan’s Hsin Chong Machinery Works Co. Ltd (HCMF) managed to enter a joint collaboration agreement with Minda Corporation in May 2023. This Minda Corporation company specializes in automotive products. They entered into a 50-50 partnership with HCMF that deals with the manufacture of advanced automotive sunroofs and closure systems to be rolled out in India. This is meant to cope with the changing trends of Indian consumers who are increasingly adopting sunroofs and support the changing characteristics of Indian automotive vehicles towards premium features as well as technologies.

Ford and Volkswagen, the two American car companies, hope to cooperate by expanding their global alliance, supporting their ambitions in electric vehicles (EVs) and autonomous driving technology. Both companies have made investments in the autonomous driving platform Argo AI. Consequently, the purpose of this joining up with Ford and Volkswagen is to utilize their combined worldwide presence in providing technologies for autonomous ridesharing and delivery services.

Furthermore, Ford will more strategically pursue its electrification strategy by developing a large-scale European electric vehicle (EV) in partnership with Volkswagen’s Modular Electric Toolkit (MEB).   In August 2022, Johnson Electric launched its steering wheel adjuster motor for a more comfortable long drive experience, allowing drivers to ingress and egress with ease. In June 2023, DENSO Corporation announced it plans to launch a pilot program at its Hirose Plant to help power and increase the sustainability of its manufacturing operations.

Future Outlook

Automotive Comfort and Closure Motors Market Future Outlook

The Automotive Comfort and Closure Motors Market is projected to grow at a 7.72% CAGR from 2025 to 2035, driven by technological advancements and increasing consumer demand for comfort features.

New opportunities lie in:

  • Integration of smart motor systems for enhanced vehicle automation. Development of energy-efficient motors to meet sustainability goals. Expansion into emerging markets with tailored product offerings.

By 2035, the market is expected to achieve robust growth, reflecting evolving consumer preferences and technological innovations.

Market Segmentation

Automotive Comfort and Closure Motors Market End Use Outlook

  • Passenger Vehicles
  • Commercial Vehicles
  • Electric Vehicles
  • Luxury Vehicles

Automotive Comfort and Closure Motors Market Motor Type Outlook

  • DC Motors
  • Stepper Motors
  • Brushless Motors
  • Servo Motors

Automotive Comfort and Closure Motors Market Technology Outlook

  • Electromechanical
  • Electrohydraulic
  • Electropneumatic

Automotive Comfort and Closure Motors Market Application Outlook

  • Power Windows
  • Sunroofs
  • Door Locks
  • Trunk Lids
  • Seat Adjustments

Automotive Comfort and Closure Motors Market Vehicle Type Outlook

  • Sedans
  • SUVs
  • Coupes
  • Vans

Report Scope

MARKET SIZE 2024 7404.56(USD Million)
MARKET SIZE 2025 7976.21(USD Million)
MARKET SIZE 2035 16779.14(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 7.72% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled Robert Bosch GmbH (DE), Continental AG (DE), Denso Corporation (JP), Magna International Inc. (CA), Valeo SA (FR), Aisin Seiki Co., Ltd. (JP), Johnson Electric Holdings Limited (HK), Brose Fahrzeugteile GmbH & Co. KG (DE), Hella GmbH & Co. KGaA (DE)
Segments Covered Application, End Use, Motor Type, Technology, Vehicle Type
Key Market Opportunities Integration of advanced automation technologies enhances efficiency in the Automotive Comfort and Closure Motors Market.
Key Market Dynamics Rising demand for advanced comfort features drives innovation in automotive closure motor technologies and competitive market dynamics.
Countries Covered North America, Europe, APAC, South America, MEA
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FAQs

How much is the Automotive Comfort and Closure Motors and Actuators Market?

The Automotive Comfort and Closure Motors and Actuators Market size is expected to be valued at USD 6,912.77 Million in 2023.

What is the growth rate of the Automotive Comfort and Closure Motors and Actuators Market?

The global market is projected to grow at a CAGR of 7.7 % during the forecast period, 2024-2032.

Which region held the largest market share in the Automotive Comfort and Closure Motors and Actuators Market?

Asia-Pacific had the largest share of the global market.

Who are the key players in the Automotive Comfort and Closure Motors and Actuators Market?

The key players in the market are NMB Technologies Corporation, Brose, SHENGHUABO Group Co. Ltd, Keiper Seating Mechanisms Co, Ltd, Mabuchi Motor Co., Ltd, Mitsuba Corp., Johnson Electric Holdings Limited, Robert Bosch GMBH, Denso Corporation, FORVIA, PORTESCAP, Hella GMBH & Co. KGAA, Continental Ag, Nidec Corporation, Mahle GMBH, EFI Automotive, Valeo Se, Nook Industries Inc.

Which Offering led the Automotive Comfort and Closure Motors and Actuators Market?

The Motor segment dominated the market in 2023.

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