Automotive Door Latch Market Size – Latest Growth, Development Trends & Forecast Report to 2025

"The Latest Research Report Automotive Door Latch Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"

This exclusive report will provide you with the market size and forecast (US$ Mn) for the global market and its segments for the period from 2015 to 2025 along with the growth rate (CAGR) from 2017 to 2025, considering 2016 as base year. In addition, drivers, restraints and opportunities, competitive landscape have also been covered under the current proposed table of contents, which will in due course help you to take strategic decisions with respect to the market.

The vehicle door latch primarily consists of a lock and striker mechanism, operating mechanically or electronically to open or close the door. The door latch is the primary safety feature in a vehicle. Increase in the production of vehicles has driven the market for automotive door latch.

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The latch is utilized in the bonnet, tailgate, and doors of a vehicle. The development in electronics has led to the expansion of the electronic latches market. The electronic latch system allows the driver to control the access to all the doors. The electronic latch market has expanded significantly due to the adoption of power doors in passenger cars that permit the driver to access all four doors, the bonnet, and tail gate. The power lock technology option has been made available in several passenger cars. The electronic door latch system has enabled auto makers to develop automatic lock systems. Automatic locks allow the doors to be locked automatically once the vehicle speed surpasses 10km/hr in order to enhance passenger safety. The electronic locks are used more in passenger cars than in commercial vehicles. The luxury vehicles have integrated aerodynamic locks, wherein the lock system blends in with the door frame without a protruding edge in order to minimize the drag and increase fuel efficiency. Lightweighting in latches has emerged as a trending technology due to the efforts to downsize and the prevailing emission norms. Commercial vehicles such as trucks, in developing nations, employ a conventional lock and key rather than the latch for the tail gate. The market share of tail gate latch is estimated to expand due to the demand of safety and awareness.

The price of an electronic latch is a key restraint for the market. The refrained use of electronic latch in commercial passenger cars and cabs as the driver holds the control of passenger door arises safety concerns and may restraint the market. The global automotive door latch market can be segmented based on type, application, sales channel, vehicle, and geography. Based on type, the automotive door latch market can be classified into mechanical latch and electronic latch. The conventional mechanical latch segment holds a prominent market share in commercial segment and in low –premium cars, as it is cost-efficient. The electronic door latch is widely utilized in passenger cars owing to the rise in demand for safety and increase in demand of electronics. Several passenger cars utilize an electronic latch for the side doors and a mechanical latch for the bonnet and tail gate in order to reduce cost. In terms of application, the door latch market can be classified into side door latch, tail gate latch, and bonnet latch. The side door latchsegment holds a major share of the market, as four latches are used in one vehicle. Tail gate and bonnet latch segments witness an increased demand for mechanical latches. Based on sales channel, the automotive door latch market can be segregated into OEM and aftermarket. The aftermarket segment holds a major share of the market, as the door latch is a wear and tear part has and offers a higher aftermarket sales opportunity. Door latches have little scope of repair thus posing a stronger aftermarket sale. Based on vehicle, the automotive door latch market can be segmented into passenger vehicles and commercial vehicles. The passenger vehicles segment is estimated to expand due to the rise in production of cars. In terms of geography, the global automotive door latch market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Economic growth in Brazil, India, and Mexico is boosting the production of commercial vehicles in these countries, which in turn is propelling the commercial vehicles segment of the door latch market. Asia Pacific and Europe are major markets for door latch owing to high production of vehicles in these regions.

The key players operating in the global automotive door latch market include Magna International Inc., which developed the world’s first smart latch that was installed in the BMW i8. The smart latch includes lightweight material and a reduction of weight by elimination of cables and lock rods. AISIN SEIKI Co., Ltd. developed a smart handle, a system which eliminates the lock button from the door handle and simply unlocks the door by touching the smart key to the door handle. Brose Fahrzeugteile GmbH & Co. KG. of Germany is a leading manufacturer of door latches. The company produces symmetrical door latches, which can be fitted on left or right doors, thus increasing application flexibility and reducing production and development costs. Inteva Products produces a variety of door latches with high strength and crash worthiness. Kiekert AG is a well-known company, which manufactures E-latch. The electronic control system senses the crash signals and reacts accordingly during the crash. The latch also operates during loss of power supply and functions as a mechanical latch in order to elevate passenger safety.

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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