Global Car Door Latch Market Size study & Forecast, by Lock Type (Electronic, Non-Electronic) By Application (Side Door Latch, Hood Latch, Tail Gate Latch, Back Seat Latch) By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial V

Global Car Door Latch Market Size study & Forecast, by Lock Type (Electronic, Non-Electronic) By Application (Side Door Latch, Hood Latch, Tail Gate Latch, Back Seat Latch) By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles) By Sales Channel (Original Equipment Manufacturer (OEM), Aftermarket) and Regional Analysis, 2023-2030

Global Car Door Latch Market is valued approximately at USD 6.97 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.80% over the forecast period 2023-2030. A car door latch is a mechanism that secures a vehicle's door in a closed position using a metal hook or lever. It engages with a striker plate on the car's body to keep the door securely shut. It can be opened manually from inside or outside the car using handles or buttons. The Car Door Latch market is expanding because of factors such as increasing demand for automobiles and growing number of electric vehicles. The latch mechanism engages with a striker plate on the car's body, preventing the doors from opening unintentionally. It is designed to withstand various forces, including vibrations and impacts, to maintain the integrity of the door closure. Additionally, the latch may incorporate locking mechanisms that allow for manual or electronic locking and unlocking of the doors for added security. Its importance has progressively increased during the last few decades.

According to the Statista, Worldwide car sales grew to around 67.2 million automobiles in 2022, up from around 66.7 million units in 2021. Throughout. Furthermore, in 2022, the ranking of the world’s largest car brands was topped by Toyota with a market share of around 11.5%. Another important component driving the market growth is increase in the number of electric vehicles. As per Statista, it is expected that there will be 77 million passenger vehicles in the global electric vehicle fleet by 2025, up from an estimated 20 million units as of mid-year 2022. That year, global electric passenger vehicles represented around 1.5% of the global fleet. In addition, in 2021, China's plug-in electric vehicle fleet reached around 14.1 million units. The second-ranked United States had approximately 2.96 million battery-electric vehicles and plug-in hybrid electric vehicles in use that same year. Also, rapid Urbanization and rising technological advancement in Car Door Latch would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Car Door Latch stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Car Door Latch Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia-Pacific dominated the market in 2022 owing to the increasing presence of major manufacturers in the automotive industry. According to the Statista, China was the largest commercial vehicle market in 2022, with over 3.3 million commercial cars sold. In 2022, roughly 753 thousand commercial cars were sold in Japan. And, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising number of vehicle registrations in countries such as India and China in the market space.

Major market player included in this report are:
Batsons Industries,
Wheel Movers Ltd.,
U-Shin Ltd.,
Shivani Locks Ltd,
Inteva Products LLC,
Aisin Manufacturing Illinois LLC,
Kiekert AG,
Magna International,
Strattec Security,
Prabha Engineering Pvt. Ltd.

Recent Developments in the Market:
In October 2022, Magna International unveiled a 2.4-lakh-square-foot engineering centre in Bengaluru. The $120 million facility will be used to develop innovative goods for the e-mobility sector, with an emphasis on powertrain electrification, electronics, and software-defined vehicle development.

Global Car Door Latch Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Lock Type, Application, Vehicle Type, Sales Channel, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Lock Type
Electronic
Non-Electronic

By Application
Side Door Latch
Hood Latch
Tail Gate Latch
Back Seat Latch

By Vehicle Type
Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles

By Sales Channel
Original Equipment Manufacturer (OEM)
Aftermarket

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Batsons Industries,
Wheel Movers Ltd.,
U-Shin Ltd.,
Shivani Locks Ltd,
Inteva Products LLC,
Aisin Manufacturing Illinois LLC,
Kiekert AG,
Magna International,
Strattec Security,
Prabha Engineering Pvt. Ltd.

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