Globally Automotive Industry has witnessed significant transformation owing to globalizations across the globe. Moreover, technological innovations and developments in automotive industry has also created heaving competition among automotive vendors of various region. Furthermore, with the growing disposable income, the consumers are more focused towards comfort provided by the vehicle during the journey. Therefore, accessories used in the interior of the vehicle are also playing most crucial role in deciding the vehicle to be purchased by consumers. Forcing the designers to put additional efforts for the interior of the automobile.
Additionally, development and introduction of automotive cups and glass holder is one of the essential innovation in the automotive industry. This can be attributed to the increasing consumption of beverages within the vehicle or during driving has forced the manufacturers to introduce automotive cups and glass holders at desired location with the automobile according to the need and vehicle category. Automotive cups and glass holder seems like a simple accessory in a vehicle, but the technological development leads to introduction of a spill free cups and glass holder. Furthermore, the automotive cups and glass holder market is projected to grow with a healthy CAGR during the forecast period.
Global Automotive Cups and Glass Holder Market: Dynamics
Automotive cups and glass holders has become necessary element of all types of automobiles in the recent years as seen as a value added provision by OEMs and end users. The automotive cups and glass holders market is expected to be benefitted with the growing automotive production in a vehicle is anticipated to fuel the market growth during the forecast period. Moreover, the growing focus of the manufacturers on elimination of beverage spill during the vehicle in motion has led to introduction of 360 degree spinning cup holders. These type of automotive cups and glass holders are having capability to adjust the cup or glass according to the profile of the road.
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Global Automotive Cups and Glass Holder Market: Segmentation
The global automotive cups and glass holders market can be segmented on the basis of location, orientation, vehicle type, sales channel and region.
On the basis of location, the global automotive cups and glass holders market is segmented as:
- Retractable Cup and Glass Holder
- Built-In Cup and Glass Holders
- Console Cup and Glass Holder
- Dashboard Cup and Glass Holder
- Armrest Cup and Glass Holder
- Door Trim Cup and Glass Holder
On the basis of orientation, the global automotive cups and glass holders market is segmented as:
- Flexible Cup and Glass Holder
- Fixed Cup and Glass Holders
On the basis of vehicle type, the global automotive cups and glass holders market is segmented as:
- Passenger Car
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Trucks & Trailers
- Buses & Coaches
On the basis of sales channel, the global automotive cups and glass holders market is segmented as:
- Original Equipment Manufacturer (OEM)
Global Automotive Cups and Glass Holder Market: Regional Outlook
Globally, the automotive industry is predominately dominated by Asia Pacific region. The region is holding significant shares in the global automotive cups and glass holder market. Additionally, the region is also projected to grow with healthy pace and maintain its prominence throughout the projected period of time. The significant increase in the population of the region mainly of China and India is creating new demand for automobiles every year, making the automotive cups and glass holder market lucrative in the region. Furthermore, the presence of leading manufacturers of automobiles in the European region is making the region to hold noteworthy share in the global automotive cups and glass holder market. Germany to lead the overall demand for automotive cups and glass holder in the European market. The market in Latin America is also anticipated to hold significant potential owing to the positive outlook of the automotive market of Brazil. Therefore, Brazil is set to drive the Latin America automotive cups and glass holder market and projected to hold healthy share in the future.
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Global Automotive Cups and Glass Holder Market: Market Participants
In the global market of automotive cups and glass holder market, there are significant number of manufacturers present in the market across the globe. Moreover, the list of some of the manufacturers engaged in the production and sales of automotive cups and glass holders are mentioned below:
- APA/URO Parts
- AutoTrust Gold
- Rugged Ridge
- Vertically Driven Products
- RT Off-Road