Car Door Latch Market 2020 - Trends, Analysis, Size and Forecast

Posted by sagark on March 25th, 2020

Car Door Latch Market Insights

A car door latch is used in cars for purpose of safety and security. Electronic latches are generally used in cars due to increase in technology development. Technology development such as hand-free avoidance, super locking, child safety, and power closing are in demand by OEMs.

One of the factors driving  the growth of car door latch market are the growth in the automobile industry due to growing population, expansion of infrastructure, and development of suburbs. The other factors that are responsible for the growth of this market are innovation in technology because of safety of the driver, stringent emission norms, thus resulting in the use of light weight automotive components.

The global car door latch market is expected to account for USD 6.60 billion by 2022 with 5% CAGR.

Key Players

The key players of global car door latch market are Aisin Seiki Co., Ltd. (Japan), Mitsui Mining and Smelting Co., Ltd.(Japan), Kiekert AG (Germany), Magna International, Inc. (U.S.), Strattec Security Co. (U.S.), U-Shin, Ltd. (Japan), Shivani Locks Pvt. Ltd. (India), Brose Fahrzeugteile Gmbh & Co. (Germany), Inteva Products, Llc. (U.S.), and Minda VAST Access Systems Pvt. Ltd. (India).

Global Car Door Latch Market Drivers & Trends

Market Research Future has accumulated some significant factors that are positively impacting the global car door latch market in their growing years. One of the factors driving the growth of car door latch market is the growth in the automobile industry. This growth factor attributes to an increasing population, expansion of infrastructure, and development of suburbs.

Some more critical factors that are positively impacting the car door latch market are enhanced locking mechanisms, smart sensors, touch-enabled locking systems, and others. These are the latest innovations that have taken place and installed in the cars and are emerging rapidly with a promising future as well.

Global Car Door Latch Market Segmentation

In the reports of MRFR, the global car door latch market is further segmented by lock type, vehicle type, by application and by region.

By mode of lock type, the market includes segment such as electronic, non-electronic.

By mode of vehicle type, the market includes segment such as passenger car and commercial vehicle.

By mode of application, the market includes side door latch, hood latch, back seat latch, and others.

Regional Outlook: Global Car Door Latch Market

In the reports of MRFR, regionally, the market of car door latch has covered the major regions of North America, Europe, Asia-Pacific, and rest of the world.

Among them, the Asia Pacific region accounts for the largest share of the market owing to an increase in the production of the vehicle and growing sales of it. The immense disposable income has led to the growing sales of cars, which eventually has impacted the car door latch market positivity in this region. With this, the demand for luxury cars in countries like India and China, have also led to the demand for car door latch to increase substantially. Latches also have LED and power efficiency which gives an impressive interior of a car. This factor has also prompted the market for car door latch to a great extent.

The next emerging region for the market is in North America and Europe. These regions have seen promoting and adopting vehicle automation on a larger scale owing to the production of advanced car door latch mechanisms and smart car door latch systems. This is expected to showcase promising growth as significant car manufacturing companies focus on setting up production units in these regions.

Get Full Report @ https://www.marketresearchfuture.com/reports/car-door-latch-market-2697