Press release
Automotive Door Latch Market to Reach USD 10.34 Bn by 2029, emerging at a CAGR of 5.8 percent and forecast 2023-2029
Automotive Door Latch Market
Our comprehensive report delves into the market value and dynamics of Automotive Door Latches at a global, regional, and company level. At the global level, the report presents the market's size by examining historical data and future prospects.
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Automotive Door Latch Market Research Methodology:
To provide credible and reliable findings, our research methodology blends top-down and bottom-up approaches. Data sources include reputable outlets like Bloomberg, Hoovers, and Factiva. Industry experts, major stakeholders, and leading players in the field were consulted. The methodology employed data triangulation techniques and comparative analyses to ensure precise market size estimations.
What are Automotive Door Latch Market Dynamics:
The Automotive Door Latch market growth is propelled by several compelling drivers. Notably, the increasing demand for safety-enhanced vehicles, the requirement for advanced technology latches such as power and LED latches, technological strides in smart controls via Bluetooth or smartphones, population growth, and infrastructural development serve as catalysts for market expansion. Likewise, ongoing advancements in door latch technologies and the surging demand for Light Commercial Vehicles (LCVs) present new opportunities for the automotive door latch market.
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What is Automotive Door Latch Market Segmentation:
by Lock Type
• Electronic
• Non-Electronic
by Vehicle Type
• Passenger Cars
• Commercial Vehicles
by Application
• Side door latch
• Hood latch
• Tail gate latch
• Back seat latch
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Who are Automotive Door Latch Market Key Players:
• Strattec Security Corporation
• IFB Automotive Private Limited
• GECOM Corporation
• Kiekert AG
• EBERHARD
• AISIN SEIKI Co Ltd
• Inteva Products
• Minda VAST Access Systems Pvt Ltd
• Magna International Inc
• WITTE Automotive
• U-Shin Ltd
• Mitsui Mining and Smelting Co.
• Shivani Locks Pvt. Ltd.
• Brose Fahrzeugteile Gmbh & Co.
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Table of content for the Automotive Door Latch Market includes:
Automotive Door Latch Market: Research Methodology
Automotive Door Latch Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Automotive Door Latch Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Automotive Door Latch Market Regional Insights:
The Asia-Pacific region asserts its dominance in the Automotive Door Latch market, thanks to a robust presence of key market manufacturers, escalating vehicle registrations in countries like India and China, stringent emission regulations driving the lightweighting of automotive components, growing demand for safety-enhanced vehicles, and the need for advanced technology latches such as power and LED latches in the region. By 2029, China, the world's second-largest economy, is anticipated to reach a market size of US$1.6 billion, sporting a compound annual growth rate of 7.6% from 2023 to 2029.
North America is poised to see substantial growth, propelled by increasing awareness among vehicle owners about the benefits of automotive latches and substantial investments in the automotive sector. In 2022, the United States witnessed a thriving market for automotive door latches, reaching a valuation of US$1.5 billion. Notably, Japan and Canada represent significant regional markets with growth forecasts of 2.5% and 4.2% from 2023 to 2029, respectively. In Europe, Germany is expected to expand at a CAGR of approximately 2.9%.
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Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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