https://www.maximizemarketresearch.com/market-report/global-automotive-door-latch-market/35961/
Increasing demand for safety modified vehicles, increasing requirements for advanced technology latches such as power, LED latch, and others, increasing technological advancement in automotive door latches such as smart controls via Bluetooth device or smartphone, growing population, and infrastructural development are all factors driving the market growth. Similarly, during the forecast period, growing developing door latch technologies and rising demand for LCVS will provide new possibilities for the auto door latch market.
However, rising fluctuations in automotive production and sales, as well as the rising cost of an electronic latch, are among the major factors limiting market growth, while rising difficulty in maintaining a balance between cost and technology, as well as an increase in advanced vehicle safety and security, will further challenge the automotive door latch market during the forecast period.
Automotive Door Latch Market Segmentation Analysis
The side door latches segment, among the application segment, is expected to provide the most revenue to the automotive door latch market. Because of the rising usage of commercial vehicles, the hood latch sector is expected to trail the side door latch in terms of revenue contribution. As a result, the side door latch segment is expected to have the greatest market share in the market.
Automotive Door Latch Market Regional Insight
Due to the increasing presence of key market manufacturers, rising vehicle registrations in countries such as India and China, increasing stringent emission norms leading to light-weighting of automotive components, increasing demand for safety modified vehicles, and increasing requirements for advanced technology latches such as power, LED latch, and others in this region, Asia-Pacific dominates the automotive door latch market. China, the world's second-biggest economy, is expected to reach a market size of US$1.6 billion by 2029, with a compound annual growth rate of 7.6% from 2023 to 2029.
With increasing awareness among vehicle owners about the benefits of automotive latches and raising funds and investments in the automotive sector in countries in this region, North America is expected to grow in the automotive door latch market. In the United States, the market for automotive door latches reached US$1.5 billion by 2022. Japan and Canada are two more important regional markets, with growth forecasts of 2.5 percent and 4.2 percent, respectively, from 2023 to 2029. Germany is expected to expand at a CAGR of around 2.9 percent in Europe.
https://www.maximizemarketresearch.com/market-report/global-automotive-door-latch-market/35961/
Increasing demand for safety modified vehicles, increasing requirements for advanced technology latches such as power, LED latch, and others, increasing technological advancement in automotive door latches such as smart controls via Bluetooth device or smartphone, growing population, and infrastructural development are all factors driving the market growth. Similarly, during the forecast period, growing developing door latch technologies and rising demand for LCVS will provide new possibilities for the auto door latch market.
However, rising fluctuations in automotive production and sales, as well as the rising cost of an electronic latch, are among the major factors limiting market growth, while rising difficulty in maintaining a balance between cost and technology, as well as an increase in advanced vehicle safety and security, will further challenge the automotive door latch market during the forecast period.
Automotive Door Latch Market Segmentation Analysis
The side door latches segment, among the application segment, is expected to provide the most revenue to the automotive door latch market. Because of the rising usage of commercial vehicles, the hood latch sector is expected to trail the side door latch in terms of revenue contribution. As a result, the side door latch segment is expected to have the greatest market share in the market.
Automotive Door Latch Market Regional Insight
Due to the increasing presence of key market manufacturers, rising vehicle registrations in countries such as India and China, increasing stringent emission norms leading to light-weighting of automotive components, increasing demand for safety modified vehicles, and increasing requirements for advanced technology latches such as power, LED latch, and others in this region, Asia-Pacific dominates the automotive door latch market. China, the world's second-biggest economy, is expected to reach a market size of US$1.6 billion by 2029, with a compound annual growth rate of 7.6% from 2023 to 2029.
With increasing awareness among vehicle owners about the benefits of automotive latches and raising funds and investments in the automotive sector in countries in this region, North America is expected to grow in the automotive door latch market. In the United States, the market for automotive door latches reached US$1.5 billion by 2022. Japan and Canada are two more important regional markets, with growth forecasts of 2.5 percent and 4.2 percent, respectively, from 2023 to 2029. Germany is expected to expand at a CAGR of around 2.9 percent in Europe.
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek