Car Door Latch Industry Insights
In Market Research Future’s reports, the global Car Door Latch Industry is set to proliferate high at a CAGR of 5% and is expected to reach a valuation of USD 6.60 billion by 2022.
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The key players of global Car Door Latch Industry 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 Industry in their growing years. One of the factors driving the growth of Car Door Latch Industry is the growth in the automobile industry. This growth factor attributes to an increasing population, expansion of infrastructure, and development of suburbs.
In the reports of MRFR, the global Car Door Latch Industry 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.
In the reports of MRFR, regionally, the COVID-19 Industry 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 Industry 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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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.