According to Data Bridge Market Research new Market report, global car door latch market will account to reach an estimated USD 5.60 billion in 2018 growing at a CAGR of 5.58% during the forecast period of 2019 to 2026.
Access Full Report at https://databridgemarketresearch.com/reports/global-car-door-latch-market/
Car door latches are usually used in cars to prevent the unsanctioned access. They are usually present in the door and its main aim is to provide safety to the car. They are present in every lock of the vehicles to provide safety. There are different types of latches and can be manual and automatic. They might require regular checking and maintenance to make sure that they are working properly.
Global car door latch market is segmented on the basis of application, location type, vehicle type, sales channel and geography.
By Application (Side Door Latch, Hood Latch, Tailgate Latch, Back Seat Latch), Lock Type (Electronic Latch, Non-Electronic Latch), Vehicle Type (Passenger Vehicles, Commercial Vehicles), Sales Channel (Aftermarket, OEM), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN CAR DOOR LATCH MARKET
Growing automotive industries
According to a data, from 1990 to 1999, 39.2 million units of cars were sold worldwide which was increased to 54.9 million units from 2000 to 2015. In 2016 it was 77.3, 79 in 2017, approximately 78.7 in 2018 and will be approximately 78.7 million units in 2019. It is expected that by end of 2019, the sale will be around 80 million.
Few of the major competitors currently working in the car door latch market are Kiekert AG, Magna International Inc., STRATTEC SECURITY CORPORATION, U-Shin Ltd., Shivani Locks Pvt. Ltd., Brose Fahrzeugteile GmbH & Co. KG, Inteva Products, VAST, AISIN SEIKI Co. Ltd., MITSUI MINING & SMELTING CO.LTD., Dudek & Bock Spring Manufacturing Company LLC, GECOM Corporation, Johnan Manufacturing Inc., Marquardt, Robert Bosch GmbH and ZF Friedrichshafen AG.
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Global Car Door Latch Market– Industry Trends and Forecast to 2026