Car Door Latch Market Is Expected To Grow At A CAGR Of 5% By 2022

Market Highlights:
A latch is used to join two objects so as to regulate the detachment of the objects. A car door latch is used so as to provide safety and security to the passengers in the car. The most commonly used latch is the electronic lock, which meets the growing technology needs. This latch has benefits through technology such as hand free avoidance, super locking, power closing, and child safety. The major driver for the growth of car door latch market is the increase in the production of vehicles as it increases the usage of the car door latch, leading to the market growth.

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Key Players:
The key players in global car door latch market are 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.), and Minda VAST Access Systems Pvt. Ltd. (India).

Market Research Analysis:
Asia-Pacific is the largest region for the car door latch market and holds the majority of the market share. This is mainly because of the increase in the production of vehicles and growth in the sales. The growth in the sales in mainly because of the increase in the disposable income in countries such as India and China. In China and India, the sales of the luxury cars have been increased which have also resulted in the growth of this market. The global car door latch market is expected to account for USD 6.60 Billion by 2022.

Scope of the Report:
This study provides an overview of the global car door latch market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global car door latch market by lock type, by vehicle type, by application, and by region.

By Lock Type
• Electronic
• Non-Electronic

By Vehicle Type
• Passenger Car
• Commercial Vehicle

By Application
• Side Door Latch
• Hood Latch
• Back Seat Latch
• Others

By Region
• North America
• Europe
• Asia-Pacific
• ROW

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This release was published on openPR.