Automotive Grab Handle Market

Automotive grab handles are considered a safety feature in vehicles. The handle provides support to the passengers while climbing in or out of the vehicle. For instance, while climbing inside a large vehicle, the handle is used to hoist yourself up into the vehicle and while moving out it is used to hold and lower yourself outside of the vehicle. Moreover, it is also used by the passengers to balance themselves while the vehicle is moving through a harsh terrain or at high-speed turnings. These handles are mostly seen above the vehicle door inside the car and are made of hard plastic to withstand passenger weight. Grab handles increase the comfort levels for the passengers and contributes to enhancing the styling of the car. Thus, the car designer emphasizes the look and feel of grab handles along with safety and comfort requirements. If not then getting in or out of the vehicle and no holding support while the vehicle is moving can be extremely dangerous if the grab handles are poorly manufactured, designed, or not attached correctly. Therefore, the automotive grab handle is used to ensure better safety of the passengers.

COVID-19 Impact Analysis

• The automobile market witnessed a downfall due to stringent lockdown imposed by the government of major countries due to COVID-19. Automobile manufacturing was stopped due to lockdown and government restrictions. Thus, it directly affected the demand for automotive grab handles used in the vehicle. Moreover, the supply of already manufactured automotive grab handles was not possible which led built up of inventory due to movement restrictions. Furthermore, the manufacturing automotive grab handle was disrupted due to the unavailability of raw material. In addition, the pandemic harmed the automobile market which further affected the automotive grab handle market.   

Top Impacting Factors 
A rise in demand for safety features in automobiles, vehicle production, and disposable income of people has increased vehicle sales will drive market growth.
However, the negligible replacement rate of grab handles in aftermarket and less design variety of the product can impact the growth.
Moreover, low cost & easy installation of grab handles, rise in use of composite material for manufacturing grab handles, and original equipment manufacturers (OEMs) bulk supply contract for grab handles can act as an opportunity for growth of the market.
Market Trends

• Currently, vehicles with good design and features are in high demand. Moreover, there is an increase in the sale of vehicles worldwide, with the rise in people’s disposable income. Moreover, the demand for electric vehicles is also growing globally due to stringent government regulations regarding emissions. Thus, the rise in vehicle sales is expected to drive the growth of the automotive grab handle market.

The negligible replacement rate of grab handles in aftermarket

• Since the grab handles are made of polyvinyl chloride (PVC) plastic or other composite material which are of very good quality. For instance, the grab handles provided by the original equipment manufacturers are very durable and usually last throughout the vehicle's life even when used harshly. Thus, it affects the aftermarket sales of grab handles unless the consumer wants a different kind of product or due to some defects. Therefore, negligible aftermarket sales can hamper the growth of the market.  

Key Benefits of the Report:

• This study presents the analytical depiction of the automotive grab handle market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with the challenges of the automotive grab handle market.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight the automotive grab handle market growth scenario.
• The report provides detailed automotive grab handle market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Report

• Which are the leading market players active in the automotive grab handle market?
• What would be the detailed impact of COVID-19 on the market?
• What current trends would influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the automotive grab handle market?
• What are the projections for the future that would help in taking further strategic steps? 

 Automotive Grab Handle Market Report Highlights