Automotive Door Latch Market – Snapshot
Automotive door latches are designed to offer safety and security to drivers and passengers of vehicles by securing the doors of the vehicles and preventing unwanted opening and closing of the doors. Automotive door latches are incorporated in all types of vehicles to provide necessary safety to the driver and the passengers.
Increase in production and sales of automobiles across the globe is a major factor driving the automotive door latch market. Increase in preference for safe and secure vehicles among consumers is expected to boost the demand for automotive door latches. China and India lead the global automobile market in terms of sales and hence, are highly attractive markets for automotive door latches. Developing countries such as China, India, Brazil, and Mexico are witnessing heavy investment in the automotive industry and infrastructure of their respective countries, which is fueling the demand for automobiles in these countries. This, in turn, is driving the automotive door latch market. Adoption of new technologies in vehicles is also a key factor driving the demand for automotive door latches.
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Rise in concerns about safety among consumers has boosted the demand for automotive door latches. Integration of more number of electronic components in vehicles has boosted the demand for electronically operated door latches. Consequently, demand for electric door latches is expected to rise during the forecast period, as major OEMs are incorporating these latches in their vehicles.
The global automotive door latch market has been segmented based on lock, application, vehicle type, sales channel, and region. In terms of lock type, the global automotive door latch market has been classified into electrical and non-electrical. The electrical segment is expected to expand during the forecast period and hold a major share of the market by 2027. Based on application, the automotive door latch market has been divided into side/slide door latch, tailgate latch, back seat latch, hood latch, and others, while the side/slide door latch segment accounted for a major share of the market in Asia Pacific and Europe.
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In terms of application, the global automotive door latches market has been segregated into side/slide door latch type and four other segments. The side/slide door latch market is available in electric and non-electric lock type which is primarily incorporated in passenger vehicles. Electric type side door latch is expected to be a leading the segment and is expected to drive the automotive door latch market. Increasing number of electrical components are being incorporated in vehicles by automakers to reduce human effort and enhance safety and security features.
Based on application, the non-electric lock type hood latches are expected to follow the side/slide door seat latches, which is expected to dominate the electric lock type hood latches segment; however, the electric lock type segment is projected to expand during the forecast period, as the demand for electric vehicles is likely to rise in the near future. Electric lock type tailgate latches are among the augmented product in vehicles, presently, however, it is expected to become the actual product in the vehicle. The automotive door latch is a basic and widely used component in the vehicle. The electric lock type door latches sub-segment is leading in the side/slide door latch segment, while the non-electric lock type door latches sub-segment is currently, dominating all the other segments; however, the electric lock type segment is anticipated to expand rapidly during the forecast period owing to the increasing electrification and improving quality and features in vehicles.
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