Car Door Latch Market: Overview
The car door latches play a very important role in the car door lock system. In a standard car, there is at least two door handles present per door. Latches help in locking the door of the car which prevents the unauthorized access. Every manufactured car has car door latches present in it and it needs to be maintained and checked regularly in order to retain the safety of the car.
Car Door Latch Market: Facts
In an automobile, the door latch has a great responsibility. The acoustic characteristics while closing or when the central locking system is activated gives the complete impression about the vehicle. The opening and the closing of the doors gives the customers the tactile feel of the vehicle. The manufacturers of the automobiles that include the features of tactile feel and the acoustic characteristics are always the favorite of the customers.
Car Door Latch Market: Segmentation
The global market for the car door latch is fragmented into its lock type, application, sales channel, and the vehicle type. On the basis of the lock type, the global market is segregated into non-electronic and electronic. On the basis of the application, the market is categorized into the hood latch, back seat latch, side door latch, and tail gate latch. On the basis of sales channel, the market is divided into aftermarket and OEM. On the basis of vehicle type, the market is bifurcated into sedan, convertible, hatchback, coupe, SUV, and others.
Car Door Latch Market: Growth Factors
The increasing growth of the automobile industry is the key factor that is triggering the growth of the car door latch market. In the recent years, there has been a growth in the number of the usage of the automobiles for both commercial and personal usage which, in turn, has propelled the growth of the car door latches. As the car door latches play a vital role in the cars for the purpose of safety and security new advancements are being made in this field by the manufacturers in order to increase the competitive edge in the global market. The others factors that will positively affect the car door latch market is the increasing use of the car as a luxury product and the rise in the disposable income.
Car Door Latch Market: Regional Analysis
The region that is dominating the car door latch market is Asia Pacific region and this will remain the same in the coming years too. The number of the vehicles that are manufactured per year in the developing regions of India and China is higher than the regions of the North America and Western Europe. In the emerging economies of Latin America which include Brazil and Mexico, a wide range of opportunities has been opened owing to the fact that many market players have shifted their automotive plants in these regions. Western Europe and North America will contribute significantly to the market growth by producing technologically advanced car door latches.
Car Door Latch Market: Competitive Players
The key market players that are involved in the car door latch market include Batsons Industries, Wheel Movers Ltd., U-Shin Ltd., Shivani Locks Ltd., Inteva Products, LLC, Aisin Manufacturing Illinois, LLC, Kiekert AG, Magna International, Strattec Security, Prabha Engineering Pvt. Ltd., Brose Fahrzeugteile, Minda VAST Access Systems.
Car Door Latch Market: Regional Segment Analysis
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