Global Car Door Latch Market, By Lock Type (Electronic, Non-Electronic), Application (Side Door Latch, Hood Latch, Tailgate Latch, and Back Seat Latch), Vehicle Type (Passenger Car, Light Commercial Vehicle), Operation Type (Manual, Automatic), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Car Door Latch Market Analysis and Insights : Global Car Door Latch Market
Car door latch market will reach at an estimated value of USD 9.11 billion and grow at a CAGR of 5.52% in the forecast period of 2021 to 2028. Increase in global automobile and alternate fuel vehicle demand is an essential factor driving the car door latch market.
Car door latch is defined as a type of locking mechanisms which is used in hoods and door handles of the car. These latches are generally used to lock the doors and hoods to ensure the safety of the vehicles as well as the safety of its contents and passengers. These latches are basically present in every lock of the vehicle and has a requirement of regular check and maintenance to ensure their working.
Rising stringent emission norms leading to light weighting/downsizing of automotive components is a crucial factor accelerating the market growth, also increasing disposable income, increasing demand for safety modified vehicles, increasing requirements for advanced technology latch like power, LED latch among others, increasing technology advancement in automotive door latches such as smart controls via Bluetooth device or smartphone, growing population and infrastructure development, increasing adoption of door latch rise by the consumers and rising demand for passenger cars and commercial vehicle are the major factors among others boosting the car door latch market. Moreover, increasing emerging door latch technologies and rising demand for LCVS will further create new opportunities for car door latch market in the forecast period mentioned above.
However, increasing fluctuations in the automotive production as well as sales and increased cost of an electronic latch are the major factors among others restraining the market growth, while rising difficulty in maintaining balance between cost and technology and rise in the advanced vehicle safety and security will further challenge the car door latch market in the forecast period mentioned above.
This car door latch market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on car door latch market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Car Door Latch Market Scope and Market Size
Car door latch market is segmented on the basis of lock type, application, vehicle type and operation type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of lock type, the car door latch market is segmented into electronic and non-electronic.
- Based on application, the car door latch market is segmented into side door latch, hood latch, tailgate latch, and back seat latch.
- Based on vehicle type, the car door latch market is segmented into passenger car and light commercial vehicle.
- The car door latch market is also segmented on the basis of operation type into manual and automatic.
Car Door Latch Market Scope Country Level Analysis
Car door latch market is analysed and market size, volume information is provided by country, lock type, application, vehicle type and operation type as referenced above.
The countries covered in the car door latch market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the car door latch market due to increasing presence of key manufacturers of the market, rising number of vehicle registrations in countries such as India and China, increasing disposable income, increasing stringent emission norms leading to light weighting/downsizing of automotive components increasing demand for safety modified vehicles and increasing requirements for advanced technology latch like power, LED latch among others in this region. North America is the expected region in terms of growth in car door latch market due to rising demand of the automobiles due to rise in the disposable income, increasing awareness among the vehicle owners about the benefits of car latch along with rising funds and investments in the automotive sector in countries of this region in this region.
The country section of the car door latch market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Car Door Latch Market Share Analysis
Car door latch market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to car door latch market.
The major players covered in car door latch market report are Kiekert AG, Magna International Inc., STRATTEC , U-Shin Ltd., Shivani Locks Pvt. Ltd., Brose Fahrzeugteile GmbH & Co. KG, Inteva Products, VAST, AISIN SEIKI Co. Ltd., MITSUI MINING & SMELTING CO.LTD., Dudek & Bock Spring Manufacturing Company LLC, GECOM Corporation, Johnan Manufacturing Inc., Marquardt, Robert Bosch GmbH and ZF Friedrichshafen AG. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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