Car Door Latch Market Size, Growth, Segments and Future Forecast To 2022
Car Door Latch Market Insights
In Market Research Future’s reports, the global Car Door Latch Market Size is set to proliferate high at a CAGR of 5% and is expected to reach a valuation of USD 6.60 billion by 2022.
A car door latch is used in cars for safety and security. The automotive industry is also proliferating with technological advancements which catered to discover the new car door latch. These are improved version that primarily feeds function such as hand-free avoidance, super locking, child safety, and power closing.
Key Players
The key players of global Car Door Latch Market Size are Aisin Seiki Co., Ltd. (Japan), Mitsui Mining and Smelting Co., Ltd.(Japan), Kiekert AG (Germany), Magna International, Inc. (U.S.), Strattec Security Co. (U.S.), U-Shin, Ltd. (Japan), Shivani Locks Pvt. Ltd. (India), Brose Fahrzeugteile Gmbh & Co. (Germany), Inteva Products, Llc. (U.S.), and Minda VAST Access Systems Pvt. Ltd. (India).
Drivers & Trends
Market Research Future has accumulated some significant factors that are positively impacting the global Car Door Latch Market Size in their growing years. One of the factors driving the growth of Car Door Latch Market Size is the growth in the automobile industry. This growth factor attributes to an increasing population, expansion of infrastructure, and development of suburbs.
Segmentation
In the reports of MRFR, the global Car Door Latch Market Size is further segmented by lock type, vehicle type, by application and by region.
By mode of lock type, the market includes segment such as electronic, non-electronic.
By mode of vehicle type, the market includes segment such as passenger car and commercial vehicle.
By mode of application, the market includes side door latch, hood latch, back seat latch, and others.
Regional Outlook
In the reports of MRFR, regionally, the market of car door latch has covered the major regions of North America, Europe, Asia-Pacific, and rest of the world.
Among them, the Asia Pacific region accounts for the largest share of the market owing to an increase in the production of the vehicle and growing sales of it. The immense disposable income has led to the growing sales of cars, which eventually has impacted the Car Door Latch Market Size positivity in this region. With this, the demand for luxury cars in countries like India and China, have also led to the demand for car door latch to increase substantially. Latches also have LED and power efficiency which gives an impressive interior of a car. This factor has also prompted the market for car door latch to a great extent.
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