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 players 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
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
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
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Car Door Latch Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Car Door Latch Market, by Lock Type, 2020-2030 (USD Billion)
- 1.2.3. Car Door Latch Market, by Application, 2020-2030 (USD Billion)
- 1.2.4. Car Door Latch Market, by Vehicle Type, 2020-2030 (USD Billion)
- 1.2.5. Car Door Latch Market, by Sales Channel, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Car Door Latch Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Car Door Latch Market Dynamics
- 3.1. Car Door Latch Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand for automobiles.
- 3.1.1.2. Growing number of electric vehicles
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Car Door Latch
- 3.1.3. Market Opportunities
- 3.1.3.1. Rapid Urbanization
- 3.1.3.2. Rising technological advancement in Car Door Latch
Chapter 4. Global Car Door Latch Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Car Door Latch Market, by Lock Type
- 5.1. Market Snapshot
- 5.2. Global Car Door Latch Market by Lock Type, Performance - Potential Analysis
- 5.3. Global Car Door Latch Market Estimates & Forecasts by Lock Type 2020-2030 (USD Billion)
- 5.4. Car Door Latch Market, Sub Segment Analysis
- 5.4.1. Electronic
- 5.4.2. Non-Electronic
Chapter 6. Global Car Door Latch Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Car Door Latch Market by Application, Performance - Potential Analysis
- 6.3. Global Car Door Latch Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 6.4. Car Door Latch Market, Sub Segment Analysis
- 6.4.1. Side Door Latch
- 6.4.2. Hood Latch
- 6.4.3. Tail Gate Latch
- 6.4.4. Back Seat Latch
Chapter 7. Global Car Door Latch Market, by Vehicle Type
- 7.1. Market Snapshot
- 7.2. Global Car Door Latch Market by Vehicle Type, Performance - Potential Analysis
- 7.3. Global Car Door Latch Market Estimates & Forecasts by Vehicle Type 2020-2030 (USD Billion)
- 7.4. Car Door Latch Market, Sub Segment Analysis
- 7.4.1. Passenger Vehicles
- 7.4.2. Light Commercial Vehicles
- 7.4.3. Heavy Commercial Vehicles
Chapter 8. Global Car Door Latch Market, by Sales Channel
- 8.1. Market Snapshot
- 8.2. Global Car Door Latch Market by Sales Channel, Performance - Potential Analysis
- 8.3. Global Car Door Latch Market Estimates & Forecasts by Sales Channel 2020-2030 (USD Billion)
- 8.4. Car Door Latch Market, Sub Segment Analysis
- 8.4.1. Original Equipment Manufacturer (OEM)
- 8.4.2. Aftermarket
Chapter 9. Global Car Door Latch Market, Regional Analysis
- 9.1. Top Leading Countries
- 9.2. Top Emerging Countries
- 9.3. Car Door Latch Market, Regional Market Snapshot
- 9.4. North America Car Door Latch Market
- 9.4.1. U.S. Car Door Latch Market
- 9.4.1.1. Lock Type breakdown estimates & forecasts, 2020-2030
- 9.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 9.4.1.3. Vehicle Type breakdown estimates & forecasts, 2020-2030
- 9.4.1.4. Sales Channel breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Car Door Latch Market
- 9.5. Europe Car Door Latch Market Snapshot
- 9.5.1. U.K. Car Door Latch Market
- 9.5.2. Germany Car Door Latch Market
- 9.5.3. France Car Door Latch Market
- 9.5.4. Spain Car Door Latch Market
- 9.5.5. Italy Car Door Latch Market
- 9.5.6. Rest of Europe Car Door Latch Market
- 9.6. Asia-Pacific Car Door Latch Market Snapshot
- 9.6.1. China Car Door Latch Market
- 9.6.2. India Car Door Latch Market
- 9.6.3. Japan Car Door Latch Market
- 9.6.4. Australia Car Door Latch Market
- 9.6.5. South Korea Car Door Latch Market
- 9.6.6. Rest of Asia Pacific Car Door Latch Market
- 9.7. Latin America Car Door Latch Market Snapshot
- 9.7.1. Brazil Car Door Latch Market
- 9.7.2. Mexico Car Door Latch Market
- 9.8. Middle East & Africa Car Door Latch Market
- 9.8.1. Saudi Arabia Car Door Latch Market
- 9.8.2. South Africa Car Door Latch Market
- 9.8.3. Rest of Middle East & Africa Car Door Latch Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. Batsons Industries,
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Recent Developments
- 10.3.2. Wheel Movers Ltd.,
- 10.3.3. U-Shin Ltd.,
- 10.3.4. Shivani Locks Ltd,
- 10.3.5. Inteva Products LLC,
- 10.3.6. Aisin Manufacturing Illinois LLC,
- 10.3.7. Kiekert AG,
- 10.3.8. Magna International,
- 10.3.9. Strattec Security,
- 10.3.10. Prabha Engineering Pvt. Ltd.
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption