Car Door Latch Market worth 6.59 Billion USD by 2021

Car Door Latch Market by Application (Side Door Latch, Hood Latch, Tailgate Latch, and Back Seat Latch), Lock Type (Electronic and Non-Electronic), Vehicle Type (Passenger Car and Light Commercial Vehicle) and Region - Global Forecast to 2021 The car door latch market is projected to grow at a CAGR of 5.80%, from USD 4.97 Billion in 2016 to USD 6.59 Billion by Global automobile demand is increasing continuously due to reasons such as increase in population, developments in suburbs, and infrastructural expansions, which are major driving factors for the car door latch market. PDF

The side door latch segment is estimated to be the largest segment The market share for side door latches is the largest and is growing at a CAGR mentioned in the report, during the forecast period. The per vehicle usage of side door latches is the highest at 4, compared to 1 to 2 for other latch types such as tail gate, hood, and seat, per vehicle. Hence, the side door latch market has the largest market share.

The passenger car type is estimated to be the fastest growing segment in the global automotive latch market The passenger vehicle segment is growing at the highest CAGR as mentioned in the report, during the forecast period. Additionally, an increasing trend of extended cab type light commercial vehicles (LCV) has also helped the automotive latch market grow, as they have four side doors against the two in standard LCVs.

Asia-Pacific is estimated to be the largest region for the automotive latch market The Asian automotive latch market is projected to be the largest market owing to increasing vehicle production and sales due to an increase in disposable income. Additionally, the Chinese and Indian markets are witnessing an increase in demand for luxury cars. The sale of luxury cars in China and India has been increasing, which, in turn, is driving the demand for advanced technology latches also such as LED and power latches, among others.

Browse >> 75 market data tables 56 figures 135 pages and in-depth TOC on “Car Door Latch Market – Global Forecast to 2021” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

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