openPR Logo
Press release

Automotive Door Latch Market Poised to Expand at 4.8% CAGR During 2017-2022

04-23-2018 03:28 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Automotive Door Latch Market Poised to Expand at 4.8% CAGR During

A new research report by Future Market Insights (FMI) has projected the global automotive door latch marketto register a moderate expansion over the forecast period (2017-2022). Revenues from the global market for automotive door latch are estimated to surpass revenues worth US$ 6,500 Mn by 2022-end.

Vehicles have witnessed a significant transformation from being a luxury product to becoming more of a commodity, on the back of rapid economic growth globally. A large portion of this increased demand for vehicles is currently accounted by developing economies of Asia-Pacific excluding Japan (APEJ) and Latin America. Global leaders in the automotive door latch market are shifting their focus towards making advancements in their technology, in a bid to provide smart lock solutions to enable vehicle owners in controlling door latches by using a tablet, smartphone, or any other Bluetooth device. The development of technologically advanced automotive door latches, vehicle manufacturers are considering replacement of existing door latches in vehicles, in order to offer better control & safety features.

A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/REP-GB-4556

The global automotive door latch market has witnessed adverse conditions over the past few years, stemming significantly from surging international competition. The market is anticipated to gain higher traction in the upcoming years, with production of vehicles gradually picking up pace. For automotive manufacturers, developing more advanced automotive door latches is becoming a high priority, with robust increase in demand for personal as well as commercial vehicles, along with rising safety concerns.

In terms of revenues, Europe and North America will remain most lucrative regions for the automotive door latch market. Germany and the U.K. are expected to dominate the automotive door latch market in Europe, while the U.S. will remain the largest market for automotive door latch in North America. The market in Asia-Pacific excluding Japan (APEJ) is projected to register a robust expansion through 2022. This can be highly attributed to increased demand for luxury cars in APEJ countries, such as India and China, owing to rising disposable income of the population.Based on sales channel, aftermarket is projected to account for the largest revenue share of the market during 2017 to 2022. However, automotive door latch sales in OEM will register the fastest expansion through 2022.

Request Report Methodology@ https://www.futuremarketinsights.com/askus/rep-gb-4556

On the basis of application, side door latch and hood latch are projected to register a parallel expansion in the market through 2022, with the former being more lucrative than the latter. Revenues from side door latch and hoot latch applications of automotive door latch are expected to collectively account for nearly half share of the market over the forecast period. Tailgate latch will continue to be the second most lucrative application of automotive door latch, with sales estimated to exceed US$ 1,500 Mn in revenues by 2022-end. By function, electronic automotive door latch is projected to register the fastest expansion in sales through 2022. Revenues from electronic automotive door latch are estimated to account for over one-third share of the market throughout the forecast period. However, non-electronic automotive door latch will remain preferred among vehicle owners across the globe.

Based on vehicle type, sales of automotive door latch are projected to witness fastest expansion in light commercial vehicles. In addition sales of automotive door latch for compact passenger cars and premium passenger cars will exhibit similar CAGRs through 2022. Mid-sized passenger cars will remain dominant in the global automotive door latch market, in terms of revenues. FMI’s report has listed key companies operating in the global automotive door latch market, which include WITTE Automotive GmbH, U-Shin Ltd., STRATTEC Security Corp., Shivani Locks Private Limited, Minda Vast Access Systems Pvt. Ltd., Magna International, Inc., Kiekert Aktiengesellschaft, Inteva Products LLC, Brose Fahrzeugteile GmbH & Co., and Aisin Seiki Co., Ltd.

About Us –

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:

616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Door Latch Market Poised to Expand at 4.8% CAGR During 2017-2022 here

News-ID: 1027154 • Views: 187

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for FMI

Combat Support Vehicle Market: Global Forecast over 2028 Says FMI
Combat Support Vehicle Market: Introduction Combat support vehicles are units that provide fire assistance and operational assistance to combat elements. Combat support vehicles fulfil a wide variety of support roles. For instance, they act as a protected ambulance, provide enhanced fire power, command and control, combat engineering functions and serve as a base for intelligence, security and communications. Combat support vehicles also provide a high degree of maneuverability and protection. With
Agar Market to surpass US$ 357,091.6 by 2026 | FMI
Agar being used as an essential natural ingredient in food and beverages; in technical application; in bacteriological and many other sectors is propelling the demand for agar. Future Market Insights (FMI) estimates global agar volume to surpass 10,968.8 tonnes by 2016 end and represent market value of over US$ 220,838.5. In global market, the demand for agar is dominated by food and beverage segment which especially includes bakery and dairy products.
FMI Releases New Report on the Camphor Market 2015 – 2025
Camphor is a crystalline and translucent terpene ketone with a pleasant odor. Camphor is predominantly produced from distillation of wood and bark of the camphor tree. Physical properties of camphor differ depending on the origin, species and growing conditions of the tree. Camphor is generally whitish or has light shades of different colors including gray and olive among others. Moreover, camphor can be synthetically produced by synthesis of turpentine oil
Duodenoscope Market Intelligence and Forecast by FMI 2016-2026
Duodenoscope is a side viewing endoscope primarily designed for Endoscopic Retrograde Cholangiopancreatography (ERCP) to diagnose diseases associated with pancreas and bile ducts with the help of fluoroscopic imaging procedure. Duodenoscopes are flexible, light weighted tubes that are relieved through the mouth, throat, and stomach till the duodenum portion. Duodenoscopes are being used in more than 500,000 gastrointestinal procedures in the U.S each year as a minimally invasive way than traditional
Pharmaceutical Solvent Market Forecast and Prospectus : FMI Research
Global Market for Pharmaceutical Solvents Projected to Witness Sluggish Growth A majority of medicines & drugs produced in the world are derived from formulating Active Pharmaceutical Ingredients (API), and such processes require alcoholic solvents such as ethanol, isopropanol, propanol and propylene glycol. Production of pharmaceutical solvents continues to be concentrated in the Asia-Pacific excluding Japan (APEJ) region as leading API suppliers and drug manufacturers in the world have based their production units
Temperature Controlled Packaging Solutions Market Analysis : FMI
While North America will continue to be the most attractive market, the temperature controlled packaging solutions market in Asia Pacific excluding Japan (APEJ) will witness steady gains. According to a comprehensive analysis on the global temperature controlled packaging solutions market by Future Market Insights, companies seeking thermally-regulated packaging solutions for unhampered delivery of their products will continue to opt for insulated containers, with chest-type containers accounting for significant demand. However, during