Automotive Door Latch Market Volume Analysis, size, share and Key Trends 2022Posted by Shrikant Ghuge on December 28th, 2017 A new research report by Future Market Insights (FMI) has projected the global automotive door latch market to register a moderate expansion over the forecast period (2017-2022). Revenues from the global market for automotive door latch are estimated to surpass revenues worth US$ 6,500 Mn by 2022-end. Global Leaders focusing on Provision of Smart Lock Solutions in Vehicles Vehicles have witnessed a significant transformation from being a luxury product to becoming more of a commodity, on the back of rapid economic growth globally. A large portion of this increased demand for vehicles is currently accounted by developing economies of Asia-Pacific excluding Japan (APEJ) and Latin America. Global leaders in the automotive door latch market are shifting their focus towards making advancements in their technology, in a bid to provide smart lock solutions to enable vehicle owners in controlling door latches by using a tablet, smartphone, or any other Bluetooth device. The development of technologically advanced automotive door latches, vehicle manufacturers are considering replacement of existing door latches in vehicles, in order to offer better control & safety features. The global automotive door latch market has witnessed adverse conditions over the past few years, stemming significantly from surging international competition. The market is anticipated to gain higher traction in the upcoming years, with production of vehicles gradually picking up pace. For automotive manufacturers, developing more advanced automotive door latches is becoming a high priority, with robust increase in demand for personal as well as commercial vehicles, along with rising safety concerns. Request for Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4556 Key Research Findings from FMI’s Report on Global Automotive Door Latch Market
FMI’s report has listed key companies operating in the global automotive door latch market, which include WITTE Automotive GmbH, U-Shin Ltd., STRATTEC Security Corp., Shivani Locks Private Limited, Minda Vast Access Systems Pvt. Ltd., Magna International, Inc., Kiekert Aktiengesellschaft, Inteva Products LLC, Brose Fahrzeugteile GmbH & Co., and Aisin Seiki Co., Ltd. Like it? Share it!More by this author |