The growing focus on smart door latches will be a crucial driver for the automotive door latch market's growth. OEMs are concentrating on installing smart door latches in their vehicles. The passenger car segment is observing an incremental increase in the adoption of automotive latches. Smart door latches operate electronically with no rods, cables, or moving handles in the door. As the technology matures and becomes economical, other passenger cars will also be equipped with automotive door latches during the forecast period. The advantages of smart door latches include reduced weight, lesser design complexity of door modules, enhanced safety and acoustic characteristics, upgraded vehicle styling, and cost-effectiveness. Such factors will drive demand in the automotive door latch market during the forecast period
The rising need for premium cabin features is identified as a key automotive door latch market trends gaining prominence in the market. The automotive industry has seen a high demand for premium products due to the strong infrastructure development and increasing disposable income of middle-class households. The premium segment vehicles offer a wide range of featured door modules with the smart door latches. As a result, the rising demand for premium cabin features coupled with the growing focus on smart doors is expected to drive the global automotive door latch market at a CAGR of close to 4% during the forecast period.
Top automotive door latch companies covered in this market research report
The automotive door latch market is moderately fragmented. With the increasing demand for SUVs offering considerable growth opportunities, the players are increasingly focused on expanding their presence across the globe by developing innovative car handles and auto door latches. By providing a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this automotive door latch industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
Automotive door latch market segmentation based on geographic regions
With a complete study of the growth opportunities for the companies, the APAC region will account for the highest growth of this market throughout the forecast period. APAC will dominate the market, accounting for an automotive door latch market share of 54.1%, followed by EMEA and the Americas respectively.
Automotive door latch market segmentation based on vehicle type
The passenger car segment will account for the highest growth in the market. Passenger cars will account for the largest segment in terms of both volume and value in the automotive industry. Additionally, the report also provides an accurate prediction of the contribution of the various vehicle type segments to the growth of the automotive door latch market size.
Key highlights of the global automotive door latch market for the forecast years 2018-2022:
CAGR of the market during the forecast period 2018-2022
Detailed information on factors that will accelerate the growth of the automotive door latch market during the next five years
Precise estimation of the global automotive door latch market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the automotive door latch industry across the Americas, APAC, and EMEA
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive details on the factors that will challenge the growth of automotive door latch companies
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