Global Car Door Latch Market Set for Rapid Growth And Trend, by 2027

Car Door Latches are the most crucial part of a car door lock system. A conventional car has at least two door handles per door, with latches which may be locked to prevent unauthorized access from the exterior. Car door latches are an inherent part of almost every manufactured car, and needs regular check and maintenance to ensure safety.

The demand for car door latches is directly proportional to the growth in the sales of passenger cars and LMV’s. The global car door latches market is expected to expand with a decent CAGR over the forecast period.

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Car Door LatchMarket: Drivers & Restraints

The major factors boosting the growth of Car Door Latch market is rising growth in the automobile industry. With the growing number of automobiles for both personal and commercial uses, the market for car door latches grows hand in hand with vehicle production and is projected to grow on a positive scale in the upcoming years. Vehicles have become more of a commodity than a luxury product owing to higher disposable incomes of the consumers leading to higher demand for automobiles thereby directly influencing the growth of car door latch market. A large chunk of this demand is anticipated to come from the developing nations of Asia pacific and Latin America.

This coupled with the availability of advanced car door latches, is pushing automobile manufacturers to replace existing latches for better control and safety features. High end models and electric cars often incorporates automation controlled door latches, with high safety and other features such as LED-sensors, super locking, selective locking. Increasing number of suburbs and viewing car as a necessity by many households in APAC and Latin America, is fuelling the demand for passenger cars, thus door latches for the same is expected to see unprecedented growth.

Car Door Latch Market: Regional Outlook

Geographically, Car Door Latch market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. Asia Pacific Exc. Japan is expected to dominate the global car door latch market in coming years. In Asia Pacific Exc. Japan region, the number of vehicles produced per year in China and India are higher than the numbers attained by major manufacturers in the Western Europe and North America regions. Vehicle production in these countries is steadily growing on a yearly basis.

Emerging countries in the Latin America region such as Mexico and Brazil create attractive opportunities for the automotive car door latch market as many well-known automobile manufacturers have set up their automotive plants in these countries. Eastern Europe Car Door Latch market is also expected to witness gradual growth over the forecast period, as global car manufacturers are expected to gradually set up their manufacturing bases in the region, over the last years of the forecast period.

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North America and Western Europe are anticipated to present high growth for technologically advanced car door latches, as these regions has endorsed some of the most advanced technologies in vehicle automation, and caters wide-scale technological adoption rate.

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This release was published on openPR.