A car door latch is used in cars for purpose of safety and security. Electronic latches are generally used in cars due to increase in technology development. Technology development such as hand-free avoidance, super locking, child safety, and power closing are in demand by OEMs. One of the factors driving the growth of car door latch market are the growth in the automobile industry due to growing population, expansion of infrastructure, and development of suburbs. The other factors that are responsible for the growth of this market are innovation in technology because of safety of the driver, stringent emission norms, thus resulting in the use of light weight automotive components. The global car door latch market is expected to account for USD 6.60 billion by 2022 with 5% CAGR.
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The key players of global car door latch market are Aisin Seiki Co., Ltd. (Japan), Mitsui Mining and Smelting Co., Ltd.(Japan),Kiekert AG (Germany), Magna International, Inc. (U.S.), Strattec Security Co. (U.S.), U-Shin, Ltd. (Japan), Shivani Locks Pvt. Ltd. (India), Brose Fahrzeugteile Gmbh & Co. (Germany), Inteva Products, Llc. (U.S.), and Minda VAST Access Systems Pvt. Ltd. (India).
Industry/ Innovation/ Related News:
The key strategies followed by most companies within the global Car Door Latch market are that of new product development.
On April 2016, Grupo Antolin had opened a new factory in Wuhan (China) with Dongfeng Visteon to provide headliners and door panels for Renault, PSA, Nissan, Infiniti and Honda. The main purpose of opening the new plant is to provide to customers with high quality products to fulfil their requirements.
On September 2016, Magna International had signed an agreement to acquire BÖCO Group of Companies, who is the supplier of latches, hinges and strikers. The acquisition will boost the product portfolio and engineering capabilities of the company.
On August 2015, Kiekert AG who is the leading developer of automotive locking systems had expanded its presence in China. The expansion will strength the position of Kiekert in Chinese market.
Car Door Latch Market – Segmentation
The Global Car Door Latch Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Lock Type: Comprises Electronic and Non-Electronic
Segmentation by Vehicle Type: Comprises Passenger Car and Commercial Vehicle
Segmentation by Application: comprises side door latch, hood latch, back seat latch, and others
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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