Global Automotive Tailgate Latch Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Automotive Tailgate Latch Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Automotive Tailgate Latch market size was valued at USD 9157.7 million in 2023 and is forecast to a readjusted size of USD 15250 million by 2030 with a CAGR of 7.6% during review period.

Automotive Tailgate Latch is made up of eight pieces, such as rotating latch mechanism, latch handle, two panel latches, two rods, and the latches recesses on either side of the tailgate. Automotive tailgate latches are designed to offer security and safety of vehicles by securing the tailgate of the vehicle and stopping unwanted closing & opening of the tailgate.

The global automotive tailgate latch market refers to the industry that encompasses the production, distribution, and sales of tailgate latch systems for vehicles worldwide. This market is influenced by factors such as vehicle production, consumer demand, technological advancements, and regulatory requirements.

The automotive tailgate latch market has been experiencing steady growth due to several reasons including:

Increasing Vehicle Production: The growing global automotive industry and rising vehicle production contribute to the demand for automotive tailgate latches. As more vehicles are manufactured, the need for reliable and high-quality tailgate latch systems increases.

Vehicle Safety and Security: Tailgate latches play a crucial role in ensuring the safety and security of vehicle cargo. With increasing emphasis on safety regulations and consumer expectations, automakers are focusing on enhancing the performance and robustness of tailgate latch systems.

Technological Advancements: Advancements in latch technologies such as electric latches, power-operated latches, and hands-free latches have further boosted the automotive tailgate latch market. These advanced latch systems provide convenience and improved functionality to vehicle users.

Rising Demand for SUVs and Pick-up Trucks: The growing popularity of SUVs and pick-up trucks, which often feature tailgate latches, has positively impacted the market. These types of vehicles often require sturdy and reliable tailgate latch systems to accommodate the demands of their users.

Aftermarket Sales: The aftermarket segment of the automotive tailgate latch market also contributes to its overall growth. Replacement demand for damaged or malfunctioning tailgate latches, as well as customization options, drives aftermarket sales.

Key players in the global automotive tailgate latch market include major automotive component manufacturers, such as Magna International, Aisin Seiki Co., Ltd., Brose Fahrzeugteile GmbH & Co. KG, Strattec Security Corporation, and Kiekert AG, among others. These companies compete on various factors, including product quality, innovation, pricing, and customer service, to gain a competitive edge in the market.

Regional factors and market dynamics also influence the automotive tailgate latch market, with regions such as North America, Europe, Asia-Pacific, and other emerging markets experiencing varying levels of demand and growth.

The Global Info Research report includes an overview of the development of the Automotive Tailgate Latch industry chain, the market status of Passenger Car (Electric Lock, Non-Electric Lock), Commercial Vehicle (Electric Lock, Non-Electric Lock), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Automotive Tailgate Latch.

Regionally, the report analyzes the Automotive Tailgate Latch markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Automotive Tailgate Latch market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Automotive Tailgate Latch market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Automotive Tailgate Latch industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Electric Lock, Non-Electric Lock).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Automotive Tailgate Latch market.

Regional Analysis: The report involves examining the Automotive Tailgate Latch market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Automotive Tailgate Latch market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Automotive Tailgate Latch:

Company Analysis: Report covers individual Automotive Tailgate Latch manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Automotive Tailgate Latch This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Passenger Car, Commercial Vehicle).

Technology Analysis: Report covers specific technologies relevant to Automotive Tailgate Latch. It assesses the current state, advancements, and potential future developments in Automotive Tailgate Latch areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Automotive Tailgate Latch market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Automotive Tailgate Latch market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Electric Lock
Non-Electric Lock

Market segment by Application
Passenger Car
Commercial Vehicle

Major players covered
Brose Fahrzeugteile GmbH & Co.
Inteva Products LLC
Magna International Inc.
Kiekert Aktiengesellschaft
Minda Vast Access Systems Pvt. Ltd.
STRATTEC Security Corp.
Shivani Locks Private Limited
Aisin Seiki Co., Ltd.
Mitsui Mining and Smelting Co., Ltd.
Gestamp
Dayco Products, LLC

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Automotive Tailgate Latch product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Automotive Tailgate Latch, with price, sales, revenue and global market share of Automotive Tailgate Latch from 2019 to 2024.

Chapter 3, the Automotive Tailgate Latch competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Automotive Tailgate Latch breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Automotive Tailgate Latch market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Automotive Tailgate Latch.

Chapter 14 and 15, to describe Automotive Tailgate Latch sales channel, distributors, customers, research findings and conclusion.