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The global car door latch market size reached a value of approximately USD 6 billion in 2023. The market is further expected to grow at a CAGR of 4.9% between 2024 and 2032, reaching a value of USD 9.22 billion by 2032.
A car door latch refers to the device that is responsible for controlling the closing and opening of doors, holding the weight of the car doors during movement. Car door latches ensure that the car door doesn’t accidently open while the vehicle is in motion. This visible component is attached to a lever system that allows the opening of the door after it has been unlocked.
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On the basis of lock type, the market is bifurcated into electronic and non-electronic. Based on vehicle type, the market is segregated into passenger vehicles and light commercial vehicles. On the basis of application, the market is classified into side door latch, hood latch, tall gate latch, and back seat latch. Based on sales channel, the car door latch market segments are original equipment manufacturer and aftermarket. On the basis of region, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global car door latch market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Electronic lock type is projected to witness significant growth in the market for car door latches in the upcoming years. This growth can be attributed to the increasing efforts of the manufacturers to enhance customer experience and the rising demand for advanced security features. The nature of electronic locks makes them more resistance to car break-ins while allowing for the smooth operation of the locking system.
The Asia Pacific region is expected to hold a sizable share of the market for car door latches over the forecast period. This is due to increasing production and purchase of automobiles in countries such as India and China. Rising urban mobility and increasing disposable incomes are further projected to surge the demand for vehicles and aid the car door latch market growth in the Asia Pacific.
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Strattec Security Corporation is one of the world’s largest producers of keys and automotive locks, known for manufacturing and marketing mechanical and electronically enhanced keys and locks. The company was founded in 1995 and is headquartered in Wisconsin, United States.
Kiekert AG was established in 1857 and is based in North Rhine-Westphalia, Germany. They are known for pioneering inventions such as electro-mechanical power closures, and central locking systems and manufacturing automotive closure system technologies.
MinebeaMitsumi Inc., founded in 1951 and is headquartered in Tokyo in Japan. The company is engaged in the manufacturing and sales of electronic devices and machinery components, such as bearings, strain gauges, load cells, fan motors, toque transducers, and compression testing machines.
Other market players include Shivani Locks Pvt. Ltd., Brose Fahrzeugteile SE & Co Kommanditgesellschaft, Coburg, Inteva Products, LLC, WITTE Automotive GmbH, and Dorman Products, Inc, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Lock Type |
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Breakup by Vehicle Type |
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Breakup by Application |
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Breakup by Sales Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market size reached a value of approximately USD 6 billion in 2023.
The market is expected to grow at a CAGR of 4.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 9.22 billion by 2032.
The major market drivers include the growth of the automotive industry and increasing emphasis on passenger and vehicle safety.
The key trends fuelling the growth of the market include increasing demand for personal vehicles, growing adoption of electric vehicles, and rising focus on enhancing traveller experience.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant lock types in the market for car door latches are electronic and non-electronic.
The key players in the car door latch market are Strattec Security Corporation, Kiekert AG, MinebeaMitsumi Inc., Shivani Locks Pvt. Ltd., Brose Fahrzeugteile SE & Co Kommanditgesellschaft, Coburg, Inteva Products, LLC, WITTE Automotive GmbH, and Dorman Products, Inc, among others.
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