Automotive Door Latch Market – Snapshot
Automotive door latches are designed to offer safety and security to drivers and passengers of vehicles by securing the doors of the vehicles and preventing unwanted opening and closing of the doors. Automotive door latches are incorporated in all types of vehicles to provide necessary safety to the driver and the passengers.
Increase in production and sales of automobiles across the globe is a major factor driving the automotive door latch market. Increase in preference for safe and secure vehicles among consumers is expected to boost the demand for automotive door latches. China and India lead the global automobile market in terms of sales and hence, are highly attractive markets for automotive door latches. Developing countries such as China, India, Brazil, and Mexico are witnessing heavy investment in the automotive industry and infrastructure of their respective countries, which is fueling the demand for automobiles in these countries. This, in turn, is driving the automotive door latch market. Adoption of new technologies in vehicles is also a key factor driving the demand for automotive door latches.
Rise in concerns about safety among consumers has boosted the demand for automotive door latches. Integration of more number of electronic components in vehicles has boosted the demand for electronically operated door latches. Consequently, demand for electric door latches is expected to rise during the forecast period, as major OEMs are incorporating these latches in their vehicles.
The global automotive door latch market has been segmented based on lock, application, vehicle type, sales channel, and region. In terms of lock type, the global automotive door latch market has been classified into electrical and non-electrical. The electrical segment is expected to expand during the forecast period and hold a major share of the market by 2027. Based on application, the automotive door latch market has been divided into side/slide door latch, tailgate latch, back seat latch, hood latch, and others, while the side/slide door latch segment accounted for a major share of the market in Asia Pacific and Europe.
In terms of application, the global automotive door latches market has been segregated into side/slide door latch type and four other segments. The side/slide door latch market is available in electric and non-electric lock type which is primarily incorporated in passenger vehicles. Electric type side door latch is expected to be a leading the segment and is expected to drive the automotive door latch market. Increasing number of electrical components are being incorporated in vehicles by automakers to reduce human effort and enhance safety and security features.
Based on application, the non-electric lock type hood latches are expected to follow the side/slide door seat latches, which is expected to dominate the electric lock type hood latches segment; however, the electric lock type segment is projected to expand during the forecast period, as the demand for electric vehicles is likely to rise in the near future. Electric lock type tailgate latches are among the augmented product in vehicles, presently, however, it is expected to become the actual product in the vehicle. The automotive door latch is a basic and widely used component in the vehicle. The electric lock type door latches sub-segment is leading in the side/slide door latch segment, while the non-electric lock type door latches sub-segment is currently, dominating all the other segments; however, the electric lock type segment is anticipated to expand rapidly during the forecast period owing to the increasing electrification and improving quality and features in vehicles.
The automotive door latch is utilized in all types of vehicles, according to the need of the vehicle. It is used in passenger vehicles, light commercial vehicles, and heavy commercial vehicles.
In terms of lock, the market has been bifurcated into electric type and non-electric type. Based on application, the automotive door latch market has been split into side/slide door latches, tailgate latches, hood latches, back seat latches and others (fuel lid latches). These latches can be operated by electric or non- electric type locks.
The automotive door latch market based on vehicle type and in units, the market is dominated by passenger vehicles, as the number of the passenger vehicles is high across the globe and the application of latches is more in passenger vehicles as compared to any other type of vehicles
In terms of sales channel, the global automotive door latch market has been divided into OEM and aftermarket. The OEM segment is expected to lead the global automotive door latch market due to the increase in production of vehicles globally, which in turn is projected to boost the automotive door latch market during the forecast period.
Key players operating in the global automotive door latch market include AISIN SEIKI Co., Ltd., Brose Fahrzeugteile GmbH & Co. KG, EBERHARD, GECOM Corporation, IFB Automotive Private Limited, Inteva Products, Kiekert AG, Magna International Inc., Minda VAST Access Systems Pvt. Ltd., MITSUI MINING & SMELTING CO., LTD., Shivani Locks Pvt. Ltd., STRATTEC SECURITY CORPORATION, U-Shin Ltd., and WITTE Automotive.
Automotive Door Latch Market – Overview
This report analyzes and forecasts the market for automotive door latch market at the global and regional level. The market has been forecasted based on volume (million units) and value (US$ Mn) from 2019 to 2027. The study includes drivers and restraints of the global automotive door latch market. It also covers the impact of these drivers and restraints on the automotive door latch market during the forecast period. The report also highlights opportunities and future scope in the market at the global and regional level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global automotive door latch market. The Porter’s Five Forces model for the market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein the service is benchmarked based on market size, growth rate, and general market share.
The study provides a decisive view of the global automotive door latch market by segmenting it in terms of lock type, application, vehicle type, sales channel and region. These segments have been analyzed on the basis of the present and future trends. Regional segmentation includes the current and forecast demand for automotive door latch market in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers the demand for individual segments in all major countries across all the regions.
The study includes profiles of major companies operating in the global automotive door latch market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
Rising demand for vehicles across the globe is a major factor driving the automotive door latch market. Rising preferences toward more safe and secure vehicles among customers has fueled the demand for the automotive door latch. A more effective and efficient way to operate the automotive door latch is the adoption of electric latches. Electronic latches can be operated automatically or by a remote, which is very convenient and efficient. Increase in adoption of electronic control units and electronic components is expected to boost the automotive door latch market. Rising consumer interest in connected vehicles is driving the automotive door latch market.
The report provides the estimated cumulative market size of automotive door latch market for 2018 and forecast for the next nine years. The global market size has been provided in terms of volume and value. Market numbers have been estimated based on lock type, application, vehicle type, sales channel, and regional segments. Market size and forecast for each lock type, application, sales channel and vehicle type have been provided in terms of global and regional/country markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key player’s product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistics data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports, OICA, JAMA, Factiva, etc.
Primary research involves e-mail interactions, telephonic interviews, Linked interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help to develop the analysis team’s expertise and market understanding.
The global market automotive door latch market has been segmented as follows:
- Global Automotive Door Latch Market, by Lock Type
- Global Automotive Door Latch Market, by Application
- Side Door Latch/Slide Door Latch
- Tailgate Latch
- Back Seat Latch
- Hood Latch
- Global Automotive Door Latch Market, by Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Global Automotive Door Latch Market, by Sales Channel
- Global Automotive Door Latch Market, by Region
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- North America