Car Door Latches
Global Car Door Latches Market to Reach $11.5 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Car Door Latches estimated at US$6.1 Billion in the year 2022, is projected to reach a revised size of US$11.5 Billion by 2030, growing at aCAGR of 8.2% over the period 2022-2030. Non-Electronic, one of the segments analyzed in the report, is projected to record 7.7% CAGR and reach US$6.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Electronic segment is readjusted to a revised 8.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 7.8% CAGR
The Car Door Latches market in the U.S. is estimated at US$1.8 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2030 trailing a CAGR of 7.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.9% and 6.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR.
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