The car Door Latch Market is expected to be valued at USD 6,590 Million with a CAGR of 5.80% Forecast by 2030
Car door latch market is expected to account for USD 6,590.00 Million by 2030 with a 5.80% CAGR.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 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).
The Asia-Pacific region is expected to dominate the car door latch market due to increase in the production of vehicle and growing sales due to increase in disposable income. The demand for luxury cars is also increasing in countries such as India and China, due to which the demand for car door latch will increase. The advance technology in latches such as LED and power will also increase the growth of this market.
Geographical analysis across 15 countries
The report for Car Door Latch Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
|Market Size||USD 6,590.00 Million By 2030|
|CAGR||5.80% CAGR (2022 to 2030)|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Lock Type, Vehicle Type and Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Inteva Products, Llc. (U.S.), Brose Fahrzeugteile Gmbh & Co. (Germany), and Minda VAST Access Systems Pvt. Ltd. (India)|
|Key Market Opportunities||Increase in technology development|
|Key Market Drivers||
The car door latch market can thrive at 5.80% CAGR by 2030.
The car door latch market can value at USD 6,590.00 Million by 2030.
Inteva Products, Llc. (U.S.), Brose Fahrzeugteile Gmbh & Co. (Germany), and Minda VAST Access Systems Pvt. Ltd. (India) are some reputed companies in the car door latch market.
Hood latch, side door latch, and back seat latch are applications of car door latch.
Lock types of car door latch are electronic and non-electronic.