Global Car Door Latch Market research report forecasts the size of the Automotive Industry with information on key vendor revenues, development of the industry by upstream & downstream, industry progress, key companies, along with segment type & market application. Comprehensive data and brilliant forecasting techniques used in this report coincide with precision and correctness. Not to mention, several charts and graphs have been used effectively to represent the facts and figures in a proper way. The report also offers a great motivation to seek new business ventures and evolve better. While generating this market research report, customer satisfaction is kept on the utmost priority.
Global Car Door Latch Market, By Application (Side Door Latch, Hood Latch, Tailgate Latch, Back Seat Latch), Lock Type (Electronic Latch, Non-Electronic Latch), Vehicle Type (Passenger Vehicles, Commercial Vehicles), Sales Channel (Aftermarket, OEM), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026.
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Market Analysis: Global Car Door Latch Market
Global Car Door Latch Market is expected to rise from its initial estimated value of USD 5.60 billion in 2018 to an estimated value of USD 8.65 billion by 2026, registering a CAGR of 5.58% in the forecast period of 2019-2026. This rise in market value can be attributed to the growth of the automobile market.
Market Definition: Global Car Door Latch Market
Car door latch are a type of locking mechanisms used in door handles and hoods of the car. These latches are used to lock the doors and hoods ensuring the safety of the vehicles along with the safety of its passengers and contents. These latches are present in every lock of the vehicle and require regular check and maintenance to ensure their working.
- Growth of the automobile industry positively affecting the market growth
- Increasing concern for the safety of the vehicle resulting in advancements in the market which is expected to act as a driver for the market growth
- Adoption of cost-efficient security options that are comparatively cheaper than car door latches is expected to restrain the market growth
- Increased focus on the advancements of security in vehicles leading to adoption of substitute technology is also expected to act as a restraint to the market growth
Segmentation: Global Car Door Latch Market
- By Application
- Side Door Latch
- Hood Latch
- Tailgate Latch
- Back Seat Latch
- By Lock Type
- Electronic Latch
- Non-Electronic Latch
- By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
- By Sales Channel
Key Developments in the Market:
- In May 2018, Magna International Inc. announced the launch of a new car door latch termed as “Comfort+”, this new product uses rolling friction instead of traditional sliding friction technology resulting in significant reduction of efforts put on the opening and closing of a door.
- In October 2017, Kiekert AG announced the launch of various technologies for the modernization of car door latches and locking system. With the introduction of “E-Latch”, “I-Protect” and “I-Move”, the company hopes to achieve the autonomous vehicle trends and introduce autonomous doors.
Competitive Analysis: Global Car Door Latch Market
Global car door latch market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of car door latch market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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Table of Content:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Product Stewardship Market, By Type
7 Product Stewardship Market, By Organization Size
8 Product Stewardship Market Analysis, By Region
9 Competitive Landscape
10 Company Profiles
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
Data Bridge Market Research also provides customized specific regional and country-level reports for the following areas.
- North America: United States, Canada, and Mexico.
- South & Central America: Argentina, Chile, and Brazil.
- Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
- Europe: UK, France, Italy, Germany, Spain, and Russia.
- Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.
Key questions answered in this comprehensive study – Research Report
- What will the market size be in 2025 and what will the growth rate be?
- What are the key market trends?
- What is driving market?
- What are the challenges market growths?
- Where the key vendors in market space?
- What are the key market trends impacting the growth?
- What are the key outcomes of the five forces analysis?
- What are the market opportunities and threats faced by the vendors in this market? Get in-depth details about factors influencing the market?
Key Market Competitors: Global Car Door Latch Market
Few of the major competitors currently working in the car door latch market are Kiekert AG, Magna International Inc., STRATTEC SECURITY CORPORATION, U-Shin Ltd., Shivani Locks Pvt. Ltd., Brose Fahrzeugteile GmbH & Co. KG, Inteva Products, VAST, AISIN SEIKI Co. Ltd., MITSUI MINING & SMELTING CO.LTD., Dudek & Bock Spring Manufacturing Company LLC, GECOM Corporation, Johnan Manufacturing Inc., Marquardt, Robert Bosch GmbH and ZF Friedrichshafen AG.
About Data Bridge Market Research:
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