Global Automotive Door Latch Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Lock Type;

Non-electric, Electric.

By Application;

Back Seat Latch, Side Door Latch, Tailgate Latch, Hood Latch, and Automotive Door Latch.

By Vehicle Type;

Commercial Vehicle, Passenger Vehicle, and Off-Road Highway Vehicle.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn467116532 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive Door Latch Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Door Latch Market was valued at USD 5,959.44 million. The size of this market is expected to increase to USD 8,497.98 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 5.2%.

The Global Automotive Door Latch Market is a critical component of the automotive industry, providing essential security and convenience features for vehicle users worldwide. Door latches serve as the primary mechanism for securing vehicle doors, ensuring passenger safety while driving and preventing unauthorized access when the vehicle is parked. With the automotive sector witnessing rapid technological advancements and evolving consumer preferences, the door latch market has undergone significant transformations in recent years.

One of the key drivers shaping the automotive door latch market is the growing emphasis on vehicle safety and security standards. Governments and regulatory bodies across the globe are imposing stringent regulations regarding vehicle safety features, including door latch systems. As a result, automotive manufacturers are increasingly investing in advanced latch technologies to comply with these regulations and enhance overall vehicle safety ratings. Rising consumer awareness regarding vehicle security and the growing demand for premium vehicles with advanced safety features are fueling the adoption of high-performance door latch systems.

The market has witnessed steady growth over recent years, primarily fueled by the expanding automotive industry worldwide. As automotive manufacturers strive for enhanced safety and convenience features in their vehicles, the demand for advanced door latch systems has surged. These systems not only play a crucial role in ensuring passenger safety but also contribute to the overall aesthetics and functionality of modern vehicles. Stringent safety regulations imposed by governments across various regions have compelled automakers to invest in high-quality door latch mechanisms, further driving market growth.

The rising trend of vehicle electrification and the integration of smart technologies have significantly influenced the automotive door latch market landscape. Electric vehicles (EVs) and autonomous vehicles require innovative door latch solutions that are compatible with their unique design requirements and technological specifications. As a result, manufacturers are increasingly focusing on developing electrically-operated and sensor-based door latch systems to cater to the evolving needs of the automotive industry. The growing preference for keyless entry and advanced security features among consumers has propelled the demand for smart door latch solutions, further stimulating market expansion.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Lock Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Vehicle Type
    4. Market Snapshot, By Region
  4. Global Automotive Door Latch Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Automotive Industry
        2. Increasing Focus on Vehicle Safety
        3. Demand for Lightweight Solutions
        4. Rising Demand for Electric Vehicles (EVs)
      2. Restraints
        1. Consumer Resistance to Change
        2. Supply Chain Disruptions
        3. Complexity in Integration
        4. Regulatory Compliance
      3. Opportunities
        1. Focus on User Experience
        2. Rise of Shared Mobility Services
        3. Integration with Connected Car Ecosystem
        4. Growth in Shared Mobility Services
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Door Latch Market, By Lock Type, 2020 - 2030 (USD Million)
      1. Non-electric
      2. Electric
    2. Global Automotive Door Latch Market, By Application, 2020 - 2030 (USD Million)
      1. Back Seat Latch
      2. Side Door Latch
      3. Tailgate Latch
      4. Hood Latch
      5. Automotive Door Latch
    3. Global Automotive Door Latch Market, By Vehicle Type, 2020 - 2030 (USD Million)
      1. Passenger Car
      2. Commercial Vehicle
    4. Global Automotive Door Latch Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. STRATTEC
      2. Kiekert AG
      3. Inteva Products LLC
      4. Aisin Seiki Co. Ltd
      5. Magna International Inc
      6. WITTE Automotive GmbH
      7. Brose Fahrzeugteile GmbH & Co. KG
      8. U-Shin Ltd
      9. Shivani Locks Private Limited
      10. MITSUI KINZOKU
  7. Analyst Views
  8. Future Outlook of the Market