Global Car Door Latch Market Research Report - Forecast to 2030

Car Door Latch Market Research Report Information By Lock Type (Electronic, Non-Electronic), By Vehicle Type (Passenger Car, Commercial Vehicle), By Application (Side Door Latch, Hood Latch, Back Seat Latch, Others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

ID: MRFR/AM/2004-HCR | 100 Pages | Author: Swapnil Palwe | February 2024         

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Global Car Door Latch Market Overview


Car Door Latch Market Size was valued at USD 4.8 billion in 2022. The Car Door Latch industry is projected to grow from USD 5.0784 Billion in 2023 to USD 7.97282 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.80% during the forecast period (2023 - 2032). Increasing technology development, growing population, expansion of infrastructure, and development of suburbs are the key market drivers enhancing market growth.


Car Door Latch Market Overview


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Car Door Latch Market Trends




  • Technological advancements in car door latches are driving market growth




Technological development is certainly a major opportunity for the car door latch market. Better and latest technologies, such as smart sensors, enhanced locking mechanisms, and touch-enabled locking systems, help enhance passenger security. Furthermore, leading players in the car door latch market are focused on creating next-generation door latch mechanisms such as sensors enabled with wireless connectivity. Owing to the various advantages mentioned, the manufacturers have started the production of advanced car door latches. For instance, Kiekert is creating a smart car door latch designed mainly for autonomous vehicles, which allows the opening of doors with fingerprints. Therefore, numerous technological advancements are expected to boost the market CAGR of the car door latch market.


Additionally, Rising stringent emission norms leading to light weighting/downsizing of automotive components is a crucial factor accelerating the market growth. Also, increasing disposable income, increasing demand for safety-modified vehicles, increasing requirements for advanced technology latch like power, LED latch among others, increasing technological advancement in automotive door latches such as smart controls via Bluetooth device or smartphone, growing population, and infrastructure development, increasing adoption of door latch rise by the consumers and rising demand for passenger cars and commercial vehicle are the major factors among others boosting the Car Door Latch market revenue.


Car Door Latch Market Segment Insights


Car Door Latch Lock Type Insights


Based on Lock type, the Car Door Latch market segmentation includes Electronic, Non-Electronic. The non-Electronic segment dominated the market due to the low cost and easy maintenance of non-electronic door latches. At the same time, the electronic segment is the fastest-growing segment in the forecast period. This is due to the increasing demand for advanced safety features and convenience in high-end cars.


Figure1: Car Door Latch Market, by Lock Type, 2022&2032 (USD billion)


Car Door Latch Market, by Lock Type, 2022&2032


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Car Door Latch Lock Type Insights


The Car Door Latch Market segmentation, based on vehicle type, includes Passenger cars, Commercial Vehicles. The passenger car segment dominated the market due to the increasing security and safety features. Whereas, Commercial vehicle is the fastest-growing segment in the forecast period. This is because of the increasing demand for commercial vehicles in emerging economies.


Car Door Latch Application Insights


Based on Application, the Car Door Latch Market segmentation includes side door latch, hood latch, back seat latch, and others. Among the application segment, the side door latches segment is expected to provide the most revenue to the automotive door latch market. Because of the rising usage of commercial vehicles, the hood latch sector is expected to trail the side door latch in terms of revenue contribution. As a result, the side door latch segment is expected to have the greatest market share.


Car Door Latch Regional Insights


By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific Car Door Latch Market car door latch market area will dominate this market due to the increasing presence of key manufacturers of the market, rising number of vehicle registrations, increasing disposable income, increasing stringent emission norms leading to light weighting/downsizing of automotive components increasing demand for safety modified vehicles and increasing requirements for advanced technology latch like power, LED latch among others in this Region. Moreover, China’s Car Door Latch market held the largest market share, and the Indian Car Door Latch market was the fastest-growing market in the Asia-Pacific region.


Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure2:Car Door Latch Market Share By Region 2022 (%)


Car Door Latch Market Share By Region 2022


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Europe's Car Door Latch market accounts for the second-largest market share due to the Expansion of infrastructure and development of suburbs and Innovation in technology. Further, the German Car Door Latch market held the largest market share, and the UK Car Door Latch market was the fastest-growing market in the European Region.


North Americais expected to grow at the fastest CAGR from 2023 to 2032. This is due to rising demand for automobiles due to rising disposable income, increasing awareness among vehicle owners about the benefits of car latch, along with rising funds and investments in the automotive sector in countries of this Region


Car door latch Key Market Players & Competitive Insights.


Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Car Door Latch market, grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The car door latch industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.


Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global Car Door Latch industry to benefit clients and increase the market sector. In recent years, the Car Door Latch industry has offered some of the most significant advantages to the automotive industry. Major players in the Car Door Latch market, includingInteva Products Llc. (U.S.), Brose Fahrzeugteile Gmbh & Co. (Germany), Minda VAST Access Systems Pvt. Ltd. (India), and others are attempting to increase market demand by investing in research and development operations.


Magna International Inc. is a Canadian parts manufacturer for automakers. It is one of the largest companies in Canada and was recognized in the 2020 Forbes Global 2000. Magna recently launched the comfort plus door latch to improve efficiency and reduce noise. The product does this effectively by converting sliding friction into rolling friction for ease. It Is one of the key uses of this product and benefits immensely.


Honeywell International Inc. is a publicly traded American multinational conglomerate corporation headquartered in Charlotte, North Carolina. It primarily operates in four areas of business: aerospace, building technologies, performance materials and technologies, and safety and productivity solutions.Honeywell recently adopted the "corporate latch" strategy, using the same latch across different manufacturing platforms. Honeywell's latest design is meant to help maximize reuse while reducing tooling costs.


Key Companies in the car door latch market include



Car door latch Industry Developments


May 2018 Magna International developed the Comfort+TM door latch to address the car door opening and closing concerns and provide quietness in the cabin. This new car door latch reduces the efforts required to open and close the door and provides a smooth, consistent feel.


September 2020 Latch recently launched Latch OS, enabling smart integration with Honeywell thermostats, Sonos speakers, and even Leviton light switches. All these can be centrally controlled using the Latch app.

Car Door Latch Market Segmentation


Car door latch Type Outlook



  • Electronic

  • Non-Electronic


Car door latch Vehicle TypeOutlook



  • Passenger Car

  • Commercial Vehicle


Car door latch ApplicationOutlook



  • Side Door Latch

  • Hood Latch

  • Back Seat Latch

  • Others


Car door latch Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 4.8 billion
Market Size 2023 USD 5.0784 billion
Market Size 2032 USD 7.97282 billion
Compound Annual Growth Rate (CAGR) 5.80% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2019- 2021
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Lock Type, Vehicle Type, Application, and Region
Geographies Covered North America, Europe, AsiaPacific, and the Rest of the World
Countries Covered The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled  Inteva Products Llc. (U.S.),Brose Fahrzeugteile Gmbh & Co. (Germany),Minda VAST Access Systems Pvt. Ltd. (India)
Key Market Opportunities Increase in technology development
Key Market Dynamics Growing population Expansion of infrastructure  Development of suburbs and Innovation in technology
 



Frequently Asked Questions (FAQ) :

The Car Door Latch Market size was valued at USD 4.8 Billion in 2022.

The global market is projected to grow at a CAGR of 5.80% during the forecast period, 2023-2032.

Asia Pacific had the largest share of the global market

The key players in the market areInteva Products Llc. (U.S.), Brose Fahrzeugteile Gmbh & Co. (Germany), Minda VAST Access Systems Pvt. Ltd. (India).

The Non-Electronic Car Door Latch category dominated the market in 2022.

The Side Door Latch had the largest share in the global market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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