Automotive Door Latch Market Report Overview

The report provides an analysis of both the current and future conditions in the Automotive Door Latch market, delivering valuable insights and the latest information across essential segments. Within the context of the Automotive Door Latch market, the study covers crucial research areas like revenue generation, sales, and overall income. In order to offer a thorough evaluation, the report presents two distinct scenarios that encompass the entire range of the Automotive Door Latch market, including the projected Automotive Door Latch sales during the forecast period.

Automotive Door Latch Market is anticipated to reach US$ 10.34 Bn by 2029 from US$ 6.96 Bn in 2022 at a CAGR of 5.8 % during a forecast period.

Automotive Door Latch Market Report Scope and Research Methodology

The primary goal of the Automotive Door Latch market report is to offer a comprehensive analysis using clear and straightforward language. The study encompasses all the prominent companies and key aspects within the Automotive Door Latch market, evaluating various measures like volume, share, growth, and strategies. This research not only assists established businesses in refining their operational plans but also provides future entrants with strategic recommendations. MMR's research undertakes a thorough exploration of the Automotive Door Latch market, highlighting the foremost global companies based on metrics such as volume, share, strategies, and growth. The report further supplies strategies applicable to both existing industry participants and prospective Automotive Door Latch market entrants. Moreover, the global report for the Automotive Door Latch market presents a meticulous breakdown of regional share distribution, accompanied by an examination of growth drivers in those specific regions.

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Automotive Door Latch Market Regional Insights

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.

Automotive Door Latch Market Segmentation

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

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Automotive Door Latch Market Key Players

• 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.

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Key Offerings:

Past Market Size and Competitive Landscape (2017 to 2021)
Past Pricing and price curve by region (2017 to 2021)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segments and their sub-segments
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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