Automotive Door Latch Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030
Global Demand For Automotive Door Latch Is Likely To Grow At An Annual Rate Of 4.8% To $7.6 Billion By 2030.
Automotive Door Latch Market Overview:
Automotive Door Latchis a mechanical fastener that helps to securely close a car door. As passengers require adequate security, door locks help prevent accidental opening and closing of vehicle doors by providing security to drivers and passengers. The automotive doors market is expected to witness a surge owing to increasing sales in the global automotive market. Door locks are designed to provide security for the driver and passengers of a vehicle by securing the doors and preventing them from being accidentally opened and closed. Car door locks are installed on all types of vehicles to provide the necessary security for drivers and passengers. Car door locks play a vital role in car door lock systems. In a normal car, a door consists of at least two door handles. Latches help lock doors to prevent unauthorized entry. Every car manufactured has door locks, so regular maintenance and inspections are required to keep the car safe. In a vehicle, the door latch has many responsibilities. The sound signature activated when the doors are closed or opened and when the central locking system is operated gives the impression of a complete vehicle. Automakers that offer acoustic functionality and tactile sensations are always in demand from customers. Also, door locks play a vital role in vehicles due to security concerns, and manufacturers are making new advancements in this area to enhance their competitive advantage in the global market. The rapid growth of the automotive industry is the major factor driving the growth of the automotive door locks market. In recent years, the number of cars used for business and personal use has been increasing, which in turn has promoted the development of car door locks.
Automotive Door Latch market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Automotive Door Latch market in detail. Regional market sizes related to products by type, by application, and by the player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.
Major Segments Covered in the Global Automotive Door Latch Market:
Market Key Players:
Aisin Seiki, Brose Fahrzeugteile, Grupo Antolin, Kiekert, Magna International, Mitsui Mining and Smelting, Strattec Security, U-Shin, Shivani Locks, Minda Vast Access Systems., And Others.
Automotive Door Latch Market by Types:
Automotive Door Latch Market by Applications:
- Passenger car
- Light commercial vehicle
Automotive Door Latch Market by Regions:
The report estimates revenue growth at the worldwide, regional, and country levels and delivers an analysis of the recent industry trends in each sub-segment from 2017 to 2030.
Rising vehicle registrations in countries such as India and China due to increasing presence of manufacturers in key markets, leading to stringent emission standards for lightweight automotive components, increased demand for safety retrofitted vehicles, and demand for advanced technology latches Increasing requirements such as power supplies, LED door locks, etc. In this region, Asia Pacific dominates the automotive door locks market. As the second largest economy in the world, China is expected to have a market size of US$1.6 billion by 2027, with a compound annual growth rate of 7.6% from 2021 to 2027.
TheAutomotive Door Latch market in North America is expected to grow as car owners become more aware of the benefits of Automotive Door Latch and countries in the region raise funds and invest in the automotive industry. In the U.S., the automotive door lock market will reach $1.5 billion by 2021. Japan and Canada are two more important regional markets, which are expected to grow by 2.5% and 4.2% respectively from 2021 to 2027. Germany is expected to expand at a CAGR of approximately 2.9% in Europe.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Significant Market Dynamics:
Technological advancements such as smart sensors and touch locking systems are emerging rapidly and are expected to drive the door locks market. However, functional and operational issues of door locks will hamper the growth of the door locks market. Rising demand for emerging door lock technologies amid expansion in the automotive industry is expected to provide significant opportunities for players in the automotive door lock market.
Report Scope of Global Automotive Door Latch Market:
CAGR of 4.8% from 2022 to 2030.
Passenger car, Light commercial vehicle
Aisin Seiki, Brose Fahrzeugteile, Grupo Antolin, Kiekert, Magna International, Mitsui Mining and Smelting, Strattec Security, U-Shin, Shivani Locks, Minda Vast Access Systems.
Regions and Countries Covered
2017 to 2022
2023 to 2030
Points Covered in the Report
- The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
- The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
- Data and information by market player, region, type, application and etc., and custom research can be added according to specific requirements.
- The report contains a SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Frequently Asked Questions-
What is the CAGR of Automotive Door Latch market?
The Automotive Door Latch Market is growing at a CAGR of 4.8% During Forecast Period.
What are the key types and applications of Automotive Door Latch market?
- Electronic, Non-Electronic
- Passenger car, Light commercial vehicle
Who are the key players in Automotive Door Latch market?
Aisin Seiki, Brose Fahrzeugteile, Grupo Antolin, Kiekert, Magna International, Mitsui Mining and Smelting, Strattec Security, U-Shin, Shivani Locks, Minda Vast Access Systems., And others.
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19 and the Russia-Ukraine war.