The ‘Global Car Door Latch Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global car door latch market, assessing the market on the basis of its segments like lock type, vehicle type, application, sales channel, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 5.74 billion
- Forecast CAGR (2023-2028): 50%
- Forecast Market Size (2028): USD 7.73 billion
The booming automotive industry and increasing importance of safety in vehicles are the key factors driving the growth of the car door latch market. With improvements in road infrastructure and automotive capabilities, vehicles are capable of driving at relatively fast speeds, increasing the importance of safety within the vehicle. Car door latches prevent unwanted opening of car doors, thereby providing enhanced security to car passengers and drivers. Amidst increasing crime rates and rising prevalence of car theft, car door latches also safeguard vehicles from criminal activity by preventing unauthorised access. Car door latches are an integral component of any automotive, which is further augmenting the car door latch market expansion.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/car-door-latch-market/requestsample
By lock type, electronic locks are anticipated to witness rapid growth in the market for car door latches over the forecast period. These car door latches support advanced connectivity and remote access, which is increasing their demand in new automotives. With remote access and smartphone connectivity, users can lock and unlock cars from a distance, providing them with greater control and improved safety. Electronic door latches can be equipped with advanced safety features making them more resistant to break-ins, for example, through automatic alarms upon forced entry attempts. An increasing focus on improved customer experience with automotives is likely to bolster the car door latch market in the coming years.
Car Door Latch Industry Definition And Major Segments
A car door latch refers to the mechanism that controls the opening and closing of doors in vehicles and is connected to the vehicle’s door locking system. They are responsible for ensuring that the car doors don’t open accidently while the vehicle is moving. Car door latches can be locked or unlocked manually or electronically, depending upon lock type.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/car-door-latch-market
Based on lock type, the market is divided into:
On the basis of vehicle type, the market is bifurcated into:
- Passenger Vehicles
- Light Commercial Vehicles
By application, the market is segmented into:
- Side Door Latch
- Hood Latch
- Tall Gate Latch
- Back Seat Latch
Based on sales channel, the market is classified into:
- Original Equipment Manufacturer
By region, the market is categorised into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Car Door Latch Market Trends
Rising demand for lighter vehicles for improved fuel efficiency is among the key trends in the car door latch market. With heightened focus on visually appealing, lightweight, and reliable car door locking mechanisms, more key players are investing in research and development. Features such as child safety locks, selective locking capabilities, and override options are also likely to impact the market for car door latches.
Increasing development of electric vehicles and autonomous vehicles is also anticipated to influence the market for car door latches. As production and demand for electric vehicles continues to rise, driven by increasing focus on reducing pollution and transitioning to renewable fuel sources, the demand for car door latches for electric vehicles is growing. Meanwhile, autonomous vehicles would require specialised car door latches that provide adequate control to human users while the vehicle is operational.
Regionally, the Asia Pacific accounts for a substantial share of the global car door latch market, supported by the increasing production of automotives in countries such as China and India, and presence of key market players in the region. Rising disposable incomes, increasing population, and improvements in road infrastructure are surging the demand for automotives in the Asia Pacific, thereby surging the demand for car door latches.
Key Market Players
The major players in the global car door latch market report are Strattec Security Corporation, Kiekert AG, MinebeaMitsumi Inc., Shivani Locks Pvt. Ltd., Brose Fahrzeugteile SE & Co Kommanditgesellschaft, Coburg, Inteva Products, LLC, WITTE Automotive GmbH, and Dorman Products, Inc, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.