Electric Automotive Door Latch Market Set for 6.5% CAGR until 2030, Driven by Global Surge in Electric Vehicle Demand

Dataintelo's latest report reveals that the Global Electric Automotive Door Latch Market is set to surge at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2030. This growth is significantly driven by the surging demand for electric vehicles worldwide, encouraged by government initiatives and regulations promoting their use. The report also points out that, in 2022, the majority share of the global electric automotive door latch market will be held by the passenger vehicle segment, which is expected to continue growing at a CAGR of 7% from 2022-2030. On the other hand, owing to an accelerated shift from traditional internal combustion engine (ICE) vehicles toward electrified ones, the light commercial vehicle segment is projected to expand at a similarly rapid CAGR of 7% during the same period, emerging as the fastest-growing segment.

This report highlights the dynamic expansion of the electric automotive door latch market, synonymous with the escalating demand for more sustainable and technologically advanced options in the automotive industry. Electric vehicle manufacturers are increasingly integrating electric door latches due to their improved safety, security, and convenience features compared to conventional mechanical latches, thereby augmenting market growth.

The upswing in consumer preference for electrified vehicles is also a driving factor for the prevalence of electric automotive door latches in passenger vehicles. This trend is anticipated to continue, with passenger vehicles expected to maintain their dominant position in the market throughout the forecast period.

The light commercial vehicle segment is also identified in the report as a potential game-changer. The intensifying shift towards the use of electric vehicles in this segment, propelled by the need for operational cost efficiency and emission reduction, is anticipated to drive significant growth, marking this segment as the fastest-growing in the electric automotive door latch market.

The Electric Automotive Door Latch Market report from Dataintelo offers comprehensive insights into the market trends, growth drivers, challenges, opportunities, and emerging segments. It serves as a valuable tool for stakeholders, industry players, and investors aiming for a deeper understanding of the market dynamics and the potential investment areas in the global electric automotive door latch market

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/213527

𝐓𝐡𝐢𝐬 𝐢𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

The electric automotive door latch market has been segmented on the basis of𝐓𝐲𝐩𝐞
● Side/Slide Door Latches
● Tailgate Latches
● Hood Latches
● Back Seat Latches
● Others

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
● Passenger Vehicle
● Light Commercial Vehicle
● Heavy Commercial Vehicle

𝐒𝐚𝐥𝐞𝐬 𝐂𝐡𝐚𝐧𝐧𝐞𝐥
● OEM
● Aftermarket

𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐢𝐯𝐢𝐭𝐲
● Connected
● Non-Connected

𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥 𝐓𝐲𝐩𝐞
● Plastic
● Metal

𝐋𝐨𝐜𝐤 𝐓𝐲𝐩𝐞
● Electronic
● Mechanical

𝐑𝐞𝐠𝐢𝐨𝐧
● Asia Pacific
● North America
● Latin America
● Europe
● Middle East & Africa

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
● AISIN SEIKI
● Brose Fahrzeugteile
● EBERHARD
● GECOM
● IFB Automotive Private
● Inteva Products
● Kiekert
● Magna International
● Minda VAST Access Systems
● MITSUI MINING & SMELTING
● Shivani Locks
● STRATTEC SECURITY
● U-Shin
● WITTE Automotive



Segment Analysis

The global market for electric automotive door latches is classified into various conceivable segments like Type, Application, Sales Channel, Vehicle Connectivity, Material Type, and Lock Type. The types include side/slide door latches, tailgate latches, hood latches, back seat latches, and others, thus offering a wide range of solutions catering to different automobile types and customer requirements. The use of these latches extends to different vehicles encompassing passenger vehicles, light commercial vehicles, and heavy commercial vehicles. Depending on the sales channel, the market is bifurcated into Original Equipment Manufacturers (OEM) and aftermarket. The electric door latches, based on Vehicle Connectivity, are categorized into connected and non-connected systems, and varied by Material Type such as Plastic and Metal. These latches are also differentiated by Lock Type into electronic latches that can be locked or unlocked remotely and mechanical latches which require physical effort to operate.

Regional Analysis

Globally, the demand and growth of the electric automotive door latch industry vary across different regions such as Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. The Asia Pacific region, being the global hub for automobile production, witnesses tremendous growth due to the robust presence of various global and local electric automotive door latch manufacturers in countries like Japan, China, India, and South Korea. North America and Europe also have a significant share in the market because of the high emphasis on vehicle safety and smart technologies. Latin America and the Middle East & Africa, despite being the smaller market, show promising growth due to the steady rise in vehicle production and increased safety concerns. This market's key players include global brands like AISIN SEIKI, Brose Fahrzeugteile, EBERHARD, GECOM, IFB Automotive Private, Inteva Products, Kiekert, Magna International, Minda VAST Access Systems, MITSUI MINING & SMELTING, Shivani Locks, STRATTEC SECURITY, U-Shin and WITTE Automotive. The market competition is quite high with these players continuously involved in technological innovation and development of new products

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/213527

Market Drivers for Electric Automotive Door Latch market:

1. Increasing Adoption of Electric Vehicles: The trend of using electric vehicles is growing due to increasing concern about environmental sustainability. This trend is expected to be a significant driver for the electric automotive door latch market.

2. Technological Advancement in Automotive Sector: Technological advancements in the automotive sector such as keyless entry and automatic locking systems have made the electric door latches more popular among consumers.

3. Focus on Enhancing Vehicle Security: Increasing focus on improving vehicle security is driving the demand for sophisticated door latch systems, which offer enhanced safety features.

4. Strict Safety Regulations: The introduction of strict rules and regulations related to vehicle safety will also act as a driver for the market.

5. Increasing Consumer Preference towards Vehicle Comfort and Convenience: The increasing consumer demand for comfort and convenience in vehicles is pushing automobile manufacturers to incorporate electric door latches.

Opportunities for Electric Automotive Door Latch Market:

1. Growth in Automotive Industry in Developing Economies: The growing automotive industry in developing economies like India, China, Brazil, and others can provide significant opportunities for the electric automotive door latch market.

2. Innovation in Product Design: There is a vast scope for innovation in the design and functionality of electric automotive door latches, offering lucrative opportunities for the market players.

3. Increasing Demand for Luxury Vehicles: The increasing demand for luxury vehicles, which are equipped with advanced safety features, including electric door latches, also represent a huge opportunity for market growth.

4. Rise in EV sales: The ongoing global shift from conventional cars to electric vehicles, driven by global initiatives to reduce carbon emissions, presents a huge opportunity for the electric automotive door latch market.

5. Partnerships with Auto Manufacturers: Forming strategic alliances with automobile manufacturers may enable market players to take advantage of opportunities in the emerging markets

𝐘𝐨𝐮 𝐜𝐚𝐧 𝐝𝐢𝐫𝐞𝐜𝐭𝐥𝐲 𝐛𝐮𝐲 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐟𝐫𝐨𝐦: https://dataintelo.com/checkout/213527

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