Car Door Latch Market Outlook - 2027
The car door latch plays a very important role in the car’s safety & security. This is a type of locking devices used in door handles of a car ensuring the safety of the vehicle as well as of its passengers. Latches help in locking the door of the car, which prevents any unauthorized access. Furthermore, every manufactured car has a door latch present in it and it needs to be maintained and checked regularly in order to retain the security. Furthermore, advanced latches are generally used in cars due to increase in technological development such as super locking, hand-free avoidance, child safety, and power closing are in demand by original equipment manufacturers. Therefore, increase in demand for advanced latches for the vehicle is expected to drive the growth of the global car door latch market in near future.
COVID-19 scenario Analysis:
- As government of the affected countries have made significant regulations in response to the coronavirus pandemic, car door latch manufacturers are suffering severely due to the disruption in the demand and supply cycle.
- The producers have started to stabilize the cash flows which was hampered due to the pandemic and are focusing on the productivity target of the car door latch market.
- Car door latch manufacturers are experiencing workforce disruption at an unprecedented speed mainly due to coronavirus.
- Majority of car door latch manufacturers are facing issues when addressing the shift from normal workforce to a remote number of employees for their protection and empowerment, this shift is mainly due to coronavirus lockdown declared by the government of the affected countries.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Increase in concerns for the safety of the vehicle, rise in global production of vehicles, and stringent emission norms leading to lightweight automobile components are driving the growth of the market. However, fluctuation in global automotive production & sales is expected to hamper the growth of the market. On the contrary, technological advancements such as touch-enabled locking system are anticipated to create an opportunity for the market investments.
The global car door latch market trends are as follows:
Technological advancements in car door laches
Technological development is certainly a major opportunity for the car door latch market. Better and latest technologies such as smart sensors, enhanced locking mechanisms, and touch-enabled locking systems help in enhanced and effective security for the passengers. Furthermore, leading players in car door latch market are focused on creating next-generation door latch mechanisms such as sensors enabled with wireless connectivity. Owing to the various mentioned advantages, the manufacturers have started the production of advanced car door latches. For instance, Kiekert is creating smart car door latch that is designed mainly for the autonomous vehicles, which allows opening of doors with fingerprints. Therefore, numerous technological advancements are expected to boost the growth of the car door latch market.
Key benefits of the report:
- This study presents the analytical depiction of the car door latch industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with challenges of the car door latch market.
- The current market is quantitatively analyzed to highlight the car door latch market growth scenario.
- We can also determine door latch will remain a significant revenue shareholder in the global car door latch market through the predictable future.
Questions answered in the global car door latch market research report:
- Which are the leading market players active in the car door latch market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
Car Door Latch Market Report Highlights
By Lock Type
By Vehicle Type
By Sales Channel
Key Market Players
Kiekert AG, Inteva Products LLC, Strattec Security, U-Shin Ltd., Wheel Movers Ltd., Magna International, Batsons Industries, Prabha Engineering Pvt. Ltd., Aisin Manufacturing Illinois LLC, Shivani Locks Ltd