Global Automotive Door Latch Market 2018-2022
About Automotive Door Latch
Vehicle doors are securely closed with the help of door latches. The latch can be electronic or non-electronic. The market covers automotive door latches used for side doors, hoods, and tailgate.
Technavio’s analysts forecast the Global Automotive Door Latch Market to grow at a CAGR of 3.78% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive door latch market. To calculate the market size, the report considers the revenue generated from the sales of passenger cars and commercial vehicles.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Door Latch Market 2018-2022
Technavio recognizes the following companies as the key players in the global automotive door latch market: AISIN SEIKI, Brose Fahrzeugteile, Grupo Antolin, Kiekert, and Magna International.
Commenting on the report, an analyst from Technavio’s team said: “One trend gaining momentum in this market is the increasing demand for SUVs. Lightweight advanced materials are being used to manufacture door latches which have a high strength-to-weight ratio and can reduce the overall weight of vehicles. The growing demand for SUVs and luxury vehicles have made door modules integral among all cabin aesthetic features. Such factors will lead to innovation in the market during the forecast period.”
According to the report, one driver influencing this market is the growing focus on smart door latches. OEMs are focusing on installing smart door latches in their vehicles. Especially, the passenger car segment is witnessing a strong incremental growth in the adoption of such latches. Smart door latches characterize a new paradigm for side door latches in the passenger car segment as they operate electronically, with no rods, cables, or moving handles in the door.
Further, the report states that one challenge affecting this market is the the functional and operational issues with door latches. Although door latches can be an important life-saving safety feature during collisions, these devices have proved faulty in many instances, which indicate that the technology is yet to mature. Auto OEMs have faced issues with the door latch in some vehicles, where the system opened unexpectedly while the vehicle was in motion or collided during accident. Such incidences pose serious safety threats to the vehicle occupants.
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