DUBLIN—Research and Markets has announced the addition of the "Car Door Latch Market by Application (Side Door Latch, Hood Latch, Tailgate Latch, and Back Seat Latch), Lock Type (Electronic and Non-Electronic), Vehicle Type (Passenger Car and Light Commercial Vehicle) and Region - Global Forecast to 2021" report to their offering.
The global car door latch market is projected to reach USD 6.59 billion by 2021, growing at a CAGR of 5.80%
The fastest growing trend in the car door latch market is electronic latches. The demand for electronic latches has increased because of technological advancements and increase in vehicle safety and security concerns. However, fluctuations in global automotive production and sales is a restraint for the car door latch market.
The side door latch segment is estimated to be the fastest growing segment of the car door latch market in 2016, owing to a rise in global demand for automobiles. The per vehicle usage of side door latches is highest, at 4 compared to 1 to 2 for other latch types such as tail gate, hood, and seat, per vehicle. Hence, the side door latch segment is the fastest growing segment. The active inertia latch and LED latch segments are estimated to dominate the automotive latch market in 2017.
In 2016, the largest regional market for car door latches was the Asia-Pacific market, which holds a majority of the market share of the global automotive latch market, by value and volume. The Asian automotive latch market is projected to be the largest market owing to increasing vehicle production and sales due to an increase in disposable income in countries like India and China. The demand for advance technology latches such as LED and power latches, among others, contributes a major market share of the global car door latch market.
Market Dynamics
Drivers
- Stringent Emission Norms Leading to Light Weighting/Downsizing of Automotive Components
- Increase in Global Automobile and Alternate Fuel Vehicle Demand
Restraints
- Fluctuations in the Global Automotive Production as Well as Sales
Opportunities
- Emerging Door Latch Technologies
- Increasing Demand for LCVS
Challenges
- Maintaining Balance Between Cost & Technology
- Increase in Advanced Vehicle Safety and Security
Companies Mentioned
- Aisin Seiki Co., Ltd.
- Brose Fahrzeugteile GmbH & Co.
- Inteva Products, LLC
- Kiekert AG
- Magna International Inc.
- Minda Vast Access Systems.
- Mitsui Mining and Smelting Co. Ltd.
- Shivani Locks Pvt. Ltd.
- Strattec Security Corporation
- U-Shin Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/kw9xvh/car_door_latch
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Related Topics: Cars, Automotive Parts, Fasteners, Automotive Body, Trim and Glass
