Global Car Door Latch Market Report and Forecast 2024-2032

Global Car Door Latch Market Outlook

The global car door latch market size reached a value of approximately USD 6 billion in 2023. The market is further expected to grow at a CAGR of 4.9% between 2024 and 2032, reaching a value of USD 9.22 billion by 2032.

Key Trends in the Market

A car door latch refers to the device that is responsible for controlling the closing and opening of doors, holding the weight of the car doors during movement. Car door latches ensure that the car door doesn’t accidently open while the vehicle is in motion. This visible component is attached to a lever system that allows the opening of the door after it has been unlocked.

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• A key car door latch market trend propelling the growth of the market is the increasing demand for personal vehicles due to rising necessity for travel and heightening disposable incomes.

• Increased adoption of electric vehicles due to rising environmental concerns are also projected to aid the expansion of the market for car door latch in the upcoming years.

• Manufacturers are working on improving the workings of car door latch mechanisms in order to enhance the user experience, thus fuelling the growth of the market for car door latches.

Global Car Door Latch Market Analysis

On the basis of lock type, the market is bifurcated into electronic and non-electronic. Based on vehicle type, the market is segregated into passenger vehicles and light commercial vehicles. On the basis of application, the market is classified into side door latch, hood latch, tall gate latch, and back seat latch. Based on sales channel, the car door latch market segments are original equipment manufacturer and aftermarket. On the basis of region, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global car door latch market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Strattec Security Corporation

• Kiekert AG

• MinebeaMitsumi Inc.

• Shivani Locks Pvt. Ltd.

• Brose Fahrzeugteile SE & Co Kommanditgesellschaft, Coburg

• Inteva Products, LLC

• WITTE Automotive GmbH

• Dorman Products, Inc

• Others

Global Car Door Latch Market Share by Lock Type

Electronic lock type is projected to witness significant growth in the market for car door latches in the upcoming years. This growth can be attributed to the increasing efforts of the manufacturers to enhance customer experience and the rising demand for advanced security features. The nature of electronic locks makes them more resistance to car break-ins while allowing for the smooth operation of the locking system.

Global Car Door Latch Market Share by Region

The Asia Pacific region is expected to hold a sizable share of the market for car door latches over the forecast period. This is due to increasing production and purchase of automobiles in countries such as India and China. Rising urban mobility and increasing disposable incomes are further projected to surge the demand for vehicles and aid the car door latch market growth in the Asia Pacific.

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Competitive Landscape

Strattec Security Corporation is one of the world’s largest producers of keys and automotive locks, known for manufacturing and marketing mechanical and electronically enhanced keys and locks. The company was founded in 1995 and is headquartered in Wisconsin, United States.

Kiekert AG was established in 1857 and is based in North Rhine-Westphalia, Germany. They are known for pioneering inventions such as electro-mechanical power closures, and central locking systems and manufacturing automotive closure system technologies.

MinebeaMitsumi Inc., founded in 1951 and is headquartered in Tokyo in Japan. The company is engaged in the manufacturing and sales of electronic devices and machinery components, such as bearings, strain gauges, load cells, fan motors, toque transducers, and compression testing machines.

Other market players include Shivani Locks Pvt. Ltd., Brose Fahrzeugteile SE & Co Kommanditgesellschaft, Coburg, Inteva Products, LLC, WITTE Automotive GmbH, and Dorman Products, Inc, among others.

Key Highlights of the Report