Automotive side guard door beams is a safety beam that sustains the impact during a side-on collision of the vehicle; hence it is used for the protection of passengers in case of collisions and accidents. Collision and accidents from the lateral side of vehicles were increasing rapidly, which resulted in significant loss of human lives. Therefore, the need emerged for a safety device that has been fulfilled by the automotive side guard door beams. Automotive side guard door beams absorb the collision impact in case of an accident so that there is minimal damage to passengers.
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COVID-19 scenario analysis:
- Many companies have claimed that the disruption in the supply of components from various countries due to the outbreak of COVID-19 is estimated to impact the companies’ planned production.
- The ongoing COVID-19 in several countries has affected the supply of many components to companies’ manufacturing facilities.
- Almost every worker in every company has been affected due to the pandemic as there are jobs and salary cuts by companies.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Increase in concerns about security among customers and rise in demand for safe & secure vehicles are the key factors that are expected to drive the automotive side guard door beam market. Moreover, improved quality of doors, owing to the reinforced frame is a major factor that is estimated to restrain the automotive side guard door beam market. Furthermore, growth in sales & production of vehicles increases the number of road accidents, which, in turn, boosts the demand for safe structured vehicles that can create new opportunities in the global automotive side guard door beams market.
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The global automotive side guard door beams market trends are as follows:
Increase in concerns about security among customers:
Increase in sales & production of vehicles has led to a greater number of accidents in the past few years. Therefore, increase in number of accidents has created awareness among consumers regarding safety & security features in vehicles. This has resulted in the customer to buy a more safety and security-equipped vehicle than unsafe vehicles. This has boosted the global automotive side guard door beams market.
Rise in demand for safe & secure vehicles:
Increase in demand for a safe, efficient & convenient driving experience along with stringent safety regulations across the globe has made a significant effect on the market. Luxurious vehicles have a compulsory binding over the safety of their customers, which has driven the growth of the luxurious vehicles market. In addition, customer awareness about these features has increased rapidly with the increase in accidents on roads. This is expected to fuel the growth of the global automotive side guard door beams market.
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