Automotive Door Latch Market: Global Industry Analysis and Forecast (2024-2030)

Automotive Door Latch Market is anticipated to reach US$ 10.93 Bn by 2030 from US$ 7.37 Bn in 2023 at a CAGR of 5.8 % during a forecast period.

An automotive door latch is a sort of locking device found in the hoods and door handles of automobiles. These latches are often employed to secure the doors and hoods of automobiles to ensure the safety of the vehicle's cargo and occupants. These latches are found in almost every car lock and must be checked and maintained on a regular basis to guarantee proper operation.To know about the Research Methodology :- Request Free Sample Report
Automotive Door Latch Market Dynamics
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 2030, with a compound annual growth rate of 7.6% from 2024 to 2030.

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 2023. Japan and Canada are two more important regional markets, with growth forecasts of 2.5 percent and 4.2 percent, respectively, from 2024 to 2030. Germany is expected to expand at a CAGR of around 2.9 percent in Europe.
Automotive Door Latch Market Report Objectives:
1. Landscape analysis of the Automotive Door Latch Market
2. competitive benchmarking
3. Past and current status of the industry with the forecasted market size and trends
4. Evaluation of potential key players that include market leaders, followers, and new entrants
5. Technology trends
6. The potential impact of micro-economic factors on the market
7. External and Internal factors affecting the market have been analyzed

The report also helps in understanding the Market dynamics, structure by analysing the market segments project the Automotive Door Latch Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Market make the report investor’s guide.
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Global Automotive Door Latch Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 7.37 Bn.


Forecast Period 2024 to 2030 CAGR:
5.8%
Market Size in 2030:
US $ 10.93 Bn.


 Segments Covered:
by Lock Type
Electronic
Non-Electronic


by Vehicle Type
Passenger Cars
Commercial Vehicles


by Application
Side door latch
Hood latch
Tail gate latch
Back seat latch



Automotive Door Latch Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Automotive Door Latch Market, Key Players are:
1. Strattec Security Corporation
2. IFB Automotive Private Limited
3. GECOM Corporation
4. Kiekert AG
5. EBERHARD
6. AISIN SEIKI Co Ltd
7. Inteva Products
8. Minda VAST Access Systems Pvt Ltd
9. Magna International Inc
10. WITTE Automotive
11. U-Shin Ltd
12. Mitsui Mining and Smelting Co.
13. Shivani Locks Pvt. Ltd.
14. Brose Fahrzeugteile Gmbh & Co

Frequently Asked Questions:

1. Which region has the largest share in Global  Market?
Ans: Asia Pacific region held the highest share in 2023.

2. What is the growth rate of Global Market?
Ans: The Global Market is growing at a CAGR of 5.8% during forecasting period 2024-2030.

3. What is scope of the Global market report?
Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global market?
Ans: The important key players in the Global Market are – Strattec Security Corporation, IFB Automotive Private Limited, GECOM Corporation, Kiekert AG, EBERHARD, AISIN SEIKI Co Ltd, Inteva Products, Minda VAST Access Systems Pvt Ltd, Magna International Inc, WITTE Automotive, U-Shin Ltd, Mitsui Mining and Smelting Co., Shivani Locks Pvt. Ltd., Brose Fahrzeugteile Gmbh & Co.

5. What is the study period of this market?
Ans: The Global Market is studied from 2023 to 2030.