Automotive Door Handles Market: Introduction
- An automotive door handle is a lever or latch designed to open or close the vehicle door. It is mounted on both interior and exterior of the vehicle’s door.
Key Drivers of Automotive Door Handles Market
- As per the statistics of International Monetary Fund, per capita GDP has increased from US$ 9.65 thousand in 2010 to US$ 10.95 thousand in 2020. Increasing per capita income of people worldwide has boosted their purchasing power, thereby driving the sale of automobiles. Rise in sales of vehicles is fueling the demand for automotive door handles from OEMs. Door handles are extensively utilized component in the vehicle. Moreover, they are exposed to harsh environment, which makes them highly prone to wear & tear, thus, increasing their demand in aftermarket segment. Hence, the rise in sale of vehicles is propelling the automotive door handles market across the globe.
- Door handles also add to the esthetics of the vehicle and aerodynamics besides enabling users to open and close doors to access the vehicle. Conventional protruding type of automotive door handles had a displeasing effect on the vehicle appearance, and it also increased the drag force. Esthetics of the vehicle is a major factor considered by consumers during purchase of vehicles and manufacturers of door handles are focusing on the development of newer offerings that enhance the appeal of the vehicle and improve aerodynamics. Lift back and pull type door handles are fitted in such a way that they align with the surface of the vehicle doors and hence, provide better aerodynamics and appearance to the vehicle. Some luxury car manufacturers such as Tesla have installed door handles that reside inside the doors of vehicle and pop-out when required. This increasing focus of companies on design and aesthetics is driving the global automotive door handles market.
Automotive Door Handles Market: Restraint
- Upcoming technologies such as remote operated or automatic opening doors in premium/luxury vehicles are hampering the global automotive door handles market
Impact of COVID-19 pandemic on Automotive Door Handles Market
- The production and sales of vehicles have declined amidst the COVID-19 pandemic and consequently, the demand for automotive door handles has also declined worldwide. However, governments are easing restrictions and companies are restarting their operations with precautionary measures, which is estimated to fuel the automotive door handles market globally.
Opportunity in Global Automotive Door Handles Market
- Market players are integrating smart technologies in their product offerings to provide vehicle owners with hassle-free operation and provide more premium experience. For instance, Huf Hülsbeck & Fürst GmbH & Co. KG has developed passive entry door handles that are installed with advanced electronics to provide keyless entry and also features innovative lighting, which offers the vehicle a more premium feel. Incorporation of novel technologies in conventional products is likely to offer significant opportunities to companies operating in the automotive door handles market across the globe.
Asia Pacific holds Significant Share of Global Automotive Door Handles Market
- Rise in vehicle production in countries of Asia Pacific, such as China, Japan, India, and South Korea, is fueling the demand for door handles. Furthermore, growing industrialization in the region has boosted the number of vehicle door handle manufacturers and their production capacity.
Key Players Operating in Automotive Door Handles Market
The global automotive door handles market is highly concentrated due to the presence of top manufacturers. A few key players operating in the automotive door handles market are:
- ADAC Automotive
- AISIN SEIKI Co., Ltd.
- ALPHA Corporation
- CI CAR INTERNATIONAL PVT. LTD.
- Dorman Products
- Guangzhou Yishan Auto Parts Trade Co.
- Huf Hülsbeck & Fürst GmbH & Co. KG
- Magna International Inc.
- Quadratec, Inc.
- Sanatan Autoplast Private Limited.
- Spark Minda
- U-Shin Ltd.
- VALEO SERVICE
- WITTE Automotive
Global Automotive Door Handles Market: Research Scope
Global Automotive Door Handles Market, by Material
- Stainless Steel
Global Automotive Door Handles Market, by Type
Global Automotive Door Handles Market, by Location
Global Automotive Door Handles Market, by Vehicle Type
- Passenger Vehicle
- Utility Vehicles
- Commercial Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Global Automotive Door Handles Market, by Sales Channel