Global Automotive Door Latch Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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10472
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May 2023
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189
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This report was compiled by Kalyani Khudsange Kalyani Khudsange is a Research Analyst at Prudour Pvt. Ltd. with 2.5 years of experience in market research and a strong technical background in Chemical Engineering and manufacturing. Correspondence Sr. Research Analyst Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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“Global Automotive Door Latch Industry Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global automotive door Latch Market report has been segmented on the basis of latch type, vehicle type, application, and region.
Global Automotive Door Latch Market: Overview
Nowadays, most of the vehicle doors are used latches to the vehicle body which may avoid the unauthorized access from the outside. The automotive door latch system available in automatic or manual systems, and also activating the lock doesn’t disable the door latch. In addition, automotive door latches are smaller, faster, lighter, and provide more safety & security.
Global Automotive Door Latch Market: Dynamics
Demand for the door latch is increasing because of technology advancement such as power door, hands-free opening, electric child safety, LED-Sensors. This is a major factor projected to boost growth of the global market. In addition, a growing population and infrastructure development are other factors expected to drive the growth of the global market to a certain extent. Adoption of door latch rise by the consumers, as major automobile manufacturers are now offering in-built electronic door latch for the safety of the car and security to their customers.
However, the high cost of an electronic latch is the major key factor that could hamper the growth of the market. This is expected to result in low adoption of the product hence restraining growth of the global automotive door latch market.
Increasing demand for passenger cars and commercial vehicles can create revenue opportunities for the major players operating in the global market in the next few years.
Global Automotive Door Latch Market: Segment Analysis
Among the application segments, the side door latches segment is expected to account for major revenue contribution in the global automotive door latch. The hood latch segment is expected to follow the side door latch in terms of revenue contribution, attributable to increasing adoption of the commercial vehicles. Hence, the market share of side door latch segment is projected to be the largest segment in the global market.
Global Automotive Door Latch Market: Regional Analysis
Asia Pacific market is projected to account for major revenue share in the global automotive door latch. This can be attributed to the presence of key manufacturers of the market and the increasing number of vehicle registrations in countries such as India and China. Moreover, the North America market & Europe market are expected to follow Asia Pacific market in terms of revenue share in the global automotive door latch market, over the forecast period.
In addition, North America market is expected to register highest CAGR over the forecast period, due to increasing funds and investments in the automotive sector in countries of this region along with increasing awareness among the vehicle owners about the benefits of car latch. The markets in the Middle East & Africa and Latin America are estimated to account for modest revenue share in the global automotive door latch market.
Global Automotive Door Latch Market Segmentation:
Segmentation by Latch Type:
- Electronic
- Non-Electronic
Segmentation by Vehicle Type:
- Passenger Car
- Commercial Vehicle
Segmentation by Application:
- Side Door Latch
- Hood Latch
- Back Seat Latch
- Others
Segmentation by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- Aisin Seiki Co. Ltd.
- Brose Fahrzeugteile GmbH & Co.
- Inteva Products LLC
- Kiekert Aktiengesellschaft
- Magna International Inc.,
- Minda Vast Access Systems Pvt. Ltd.,
- Shivani Locks Private Limited
- STRATTEC Security Corp.
- U-Shin Ltd.
- WITTE Automotive
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