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The car door latch plays a vital role in the car door lock system. In a normal car, the doors consists at least two door handles. The latch helps to lock the door to prevent unauthorized entry. Every car manufactured has a door latch, so regular maintenance and inspection are required to keep the car safe. In vehicles, the door latch has an immense responsibility. The acoustic features that activates during closing or opening the doors and when operating the central locking system gives a complete impression of the vehicle. The automobile manufacturers that provide acoustic features and tactile feel are always preferred by the customers. Also, for safety reasons, since car door locks play a vital role in the car, manufacturers are making new progress in this area to improve their competitive advantage in the global market. The rapid growth of the automotive industry is a primary factor that is driving the growth of the car door latch market. In recent years, the number of cars used for commercial and personal purposes has increased, which in turn has promoted the development of car door latches.
Key Market Driver -
Increasing demand for enhanced safety in cars is expected to drive the growth of the market in the forecast period.
Key Market Restraint -
High cost of electronic or advanced car door latches may hinder the growth of the market during the forecast period.
Globally, the Car Door Latch market is segmented by lock type, by type, by application type, and by geographic coverage. The lock type is further segmented into electronic and non-electronic lock type. The electronic lock segment holds the major share in the global market owing to technological advancement and increased attention to vehicle safety and safety, the demand for electronic car door latches has increased significantly. Also, the demand for technologically advanced features such as collision avoidance, super locking, selective locking, LED sensors, hands-free opening, and electric door release and closing are compelling OEMs for adopting advanced technology and developing smart electronic car door latches. Based on type, the market is further segmented into hood latches, tail latches, side door latches and back seat latches. The side door latches holds the major share in the global market owing to a global rise in demand for vehicles. The revenue contribution from the hood latch section is expected to follow the side door latches, which is attributed to the popularity of commercial vehicles. The application type is further segmented into passenger cars and commercial vehicles. The passenger cars segment holds the largest share in the global market owing to the increasing urbanization, improved standard of living, and rise in the disposable income which is compelling individuals to own a private car thus fuelling the car door latch market.
Major players operating in the global market include AISIN SEIKI Co Ltd, Brose Fahrzeugteile Gmbh & Co., Strattec Security Corporation, Minda VAST Access Systems Pvt Ltd, GECOM Corporation, U-Shin Ltd, Kiekert AG, IFB Automotive Private Limited, and Magna International, Inc. among others.
Geographically, the Car Door Latch market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific holds the largest share in the global market and is expected to uphold its leading position over the forecast period. This can be attributed to the presence of prominent manufacturers of the car door latch market coupled with the increasing number of vehicle registrations in countries such as India and China. Grupo Antolin launched its new production plant in Wuhan, China at Dongfeng Visteon in April 2016 to provide door latches, and roof covers for Infiniti, Renault, Honda, Nissan, and PSA. The main purpose of opening a new factory is to provide customers with technologically advanced and high-quality products to meet their increasing requirements. Therefore, the Asia-Pacific market is expected to account for the significant revenue share of the global automotive door lock market. Moreover, the North America market & Europe market are expected to follow Asia Pacific market in terms of revenue share in the global automotive door latch market during the forecast period.
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