Global Car Door Latch Market is expected to rise from its initial estimated value of USD 5.60 billion in 2018 to an estimated value of USD 8.65 billion by 2026, registering a CAGR of 5.58% in the forecast period of 2019-2026. This rise in market value can be attributed to the growth of the automobile market. Few of the major competitors currently working in the car door latch market are Kiekert AG, Magna International Inc., STRATTEC SECURITY CORPORATION, U-Shin Ltd., Shivani Locks Pvt. Ltd., Brose Fahrzeugteile GmbH & Co. KG, Inteva Products, VAST, AISIN SEIKI Co. Ltd., MITSUI MINING & SMELTING CO.LTD., Dudek & Bock Spring Manufacturing Company LLC, GECOM Corporation, Johnan Manufacturing Inc., Marquardt, Robert Bosch GmbH and ZF Friedrichshafen AG.
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Car door latch are a type of locking mechanisms used in door handles and hoods of the car. These latches are used to lock the doors and hoods ensuring the safety of the vehicles along with the safety of its passengers and contents. These latches are present in every lock of the vehicle and require regular check and maintenance to ensure their working.
The Global Car Door Latch Market research report gives strategists, advertisers and senior administration the basic data that they have to survey to grow in the worldwide Global Car Door Latch Market. It likewise gives advertise data as far as advancement and its abilities. What’s more, the report assesses key market viewpoints, value, limit, income, development rate, creation, utilization, supply, fare, market and substantially more. It incorporates an exhaustive investigation of key raw materials, key suppliers, price trend of key raw materials, cost of raw materials, manufacturing process analysis of Global Car Door Latch Market.
Global Car Door Latch Market, By Application (Side Door Latch, Hood Latch, Tailgate Latch, Back Seat Latch), Lock Type (Electronic Latch, Non-Electronic Latch), Vehicle Type (Passenger Vehicles, Commercial Vehicles), Sales Channel (Aftermarket, OEM), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026
- Growth of the automobile industry positively affecting the market growth
- Increasing concern for the safety of the vehicle resulting in advancements in the market which is expected to act as a driver for the market growth
- Adoption of cost-efficient security options that are comparatively cheaper than car door latches is expected to restrain the market growth
- Increased focus on the advancements of security in vehicles leading to adoption of substitute technology is also expected to act as a restraint to the market growth
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- By Application
- Side Door Latch
- Hood Latch
- Tailgate Latch
- Back Seat Latch
- By Lock Type
- Electronic Latch
- Non-Electronic Latch
- By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
- By Sales Channel
- By Geography
- North America
- South America
- Middle East & Africa
Key Developments in the Market:
- In May 2018, Magna International Inc. announced the launch of a new car door latch termed as “Comfort+”, this new product uses rolling friction instead of traditional sliding friction technology resulting in significant reduction of efforts put on the opening and closing of a door.
- In October 2017, Kiekert AG announced the launch of various technologies for the modernization of car door latches and locking system. With the introduction of “E-Latch”, “I-Protect” and “I-Move”, the company hopes to achieve the autonomous vehicle trends and introduce autonomous doors.
Reason to buy the Report:
- It helps to know that the Global Car Door Latch Market product sections along with their future forecast.
- It aids for making informed business decisions by utilizing a comprehensive analysis of market sections and from having whole insights of Global Car Door Latch Market.
- It poses a forward-looking prospect on distinct facets controlling and Global Car Door Latch Market
- This poses a seven-year Global Car Door Latch Market forecast assessment primarily based mostly on the way the sectors are anticipated.
- Global Global Car Door Latch Market report contains data for historic years 2016 & 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
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