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(Transportation-News.com, June 04, 2019 ) The Car Door Latch Market is anticipated to grow at a CAGR of 5.80%, during the forecast period. The base year for the report is 2015 and the forecast year is 2021. The objective of the study is to analyze and forecast (2016 to 2021) the market size, in terms of volume (’000 units) and value (USD billion), of the global automotive latch market. The report segments the market by lock type, application, and vehicle type based on region namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
Car Door Latch Market by Application (Side Door Latch, Hood Latch, Tailgate Latch, and Back Seat Latch), Lock Type (Electronic and Non-Electronic), Vehicle Type (Passenger Car and Light Commercial Vehicle) and Region - Global Forecast to 2021
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Target Audience of Car Door Latch Market
• Automobile OEMs
• Automotive body and closure system associations
• Automotive Parts Manufacturers’ Association (APMA)
• Manufacturers of automotive latches
• Manufacturers of automotive latch actuators
• Raw material suppliers
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The electronic latch segment is estimated to be the fastest growing segment in the car door latch market. The demand for electronic latches has increased because of technological advancements and an increase in vehicle safety and security concerns. Technologically advanced features such as hands-free opening, collision avoidance, LED-sensors, super locking, selective locking, electric child safety, and power door releasing and closing are in demand by OEMs.
The Asia-Pacific market is estimated to be the largest market with the highest market share of in the car door latch market, by value and volume. The Asian automotive latch market is projected to be the largest market owing to increasing vehicle production and sales due to an increase in disposable income in countries like India and China.
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Car Door Latch Market Key Players
• Aisin Seiki Co., Ltd. (Japan),
• Mitsui Mining and Smelting Co., Ltd.(Japan),
• Kiekert AG (Germany),
• Magna International, Inc. (U.S.),
• Strattec Security Co. (U.S.),
• U-Shin, Ltd. (Japan),
• Shivani Locks Pvt. Ltd. (India),
• Brose Fahrzeugteile Gmbh & Co. (Germany),
• Inteva Products, Llc. (U.S.),
• Minda VAST Access Systems Pvt. Ltd. (India).
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