Global Car Door Latch Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Car Door Latch Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Car Door Latches are the most crucial part of a car door lock system. A conventional car has at least two door handles per door, with latches which may be locked to prevent unauthorized access from the exterior. Car door latches are an inherent part of almost every manufactured car, and needs regular check and maintenance to ensure safety.

Market Overview:

The latest research study on the global Car Door Latch market finds that the global Car Door Latch market reached a value of USD 9788.29 million in 2022. It’s expected that the market will achieve USD 12842.35 million by 2028, exhibiting a CAGR of 4.63% during the forecast period.

Opportunities

Improve performance
With the progress in science and technology, investment of companies, improvement of the living standards, and increase of the downstream, there will be more opportunities in car door latch, and more cost effective, high-performance products in the future.
Expansion of production capacity in emerging markets
Some of the strong manufacturers are layout their plan in an emerging market, they establish new factory and produce locally, then supply to the local market, which may decrease their marketing cost. What’s more, the local manufacturers are emerging on the market, trying to improve their technology and product performance to get a market advantage.
Emerging countries
The Asia-Pacific region is expected to dominate the car door latch market due to an increase in the production of vehicle and growing sales due to an increase in disposable income. The demand for luxury cars is also increasing in countries such as India and China, due to which the demand for car door latches will increase. The advanced technology in latches such as LED and power will also increase the growth of this market.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

Mitsui Mining and Smelting is one of the major players operating in the Car Door Latch market, holding a share of 13.89% in 2022.

Mitsui Mining and Smelting

Mitsui Mining and Smelting produces and sells nonferrous metal products. It manufactures battery materials, including battery-use zinc powders, hydrogen storage alloys, and lithium manganese oxide and nickel-lithium; catalysts; engineered powders comprising cerium oxide abrasives, tantalum and niobium oxides and carbides, magnetite, conductive powders, ultra-fine powders, powder metallurgy powders, and solder powders; copper foils with carrier films, electro-deposited and resin-coated copper foils, and material of capacitors embedded in PWBs; PVD materials; ceramics for electronic components; and single crystals.

Kiekert AG

Kiekert AG manufactures vehicle side-door latches and closure systems for the automobile industry worldwide. Its product line includes rear compartment and liftgate latches; latch modules; strikers; interior actuators that include mini, power closing, and sliding-door actuators; and drive systems.

Segmentation Overview:

Among different product types, Non-Electronic segment is anticipated to contribute the largest market share in 2027.

Application Overview:

The market's largest segment by application is the segment Passenger Car, with a market share of 73.4% in 2021.

Key Companies in the global Car Door Latch market covered in Chapter 3:

Kiekert AG
Aisin Seiki
Strattec Security
Mitsui Mining and Smelting
Shivani Locks Pvt.
Magna International
Inteva Products
Minda VAST Access Systems
Brose Fahrzeugteile Gmbh & Co.
U-Shin, Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Car Door Latch market from 2018 to 2029 is primarily split into:

Electronic
Non-Electronic

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Car Door Latch market from 2018 to 2029 covers:

Passenger Car
Commercial Vehicle
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)