Market Segmentation
The worldwide car automotive door latch market can be segregated on the basis of vehicle type, application, lock type, and regions.
On the basis of vehicle type, the worldwide car door latch can be classified into Commercial Vehicle and passenger car.
On the basis of application, the worldwide car door latch can be classified into side door latch, back seat latch, hood latch, and others.
On the basis of lock type, the worldwide car door latch can be classified into Electronic and Non-Electronic.
On the basis of regions, the worldwide car door latch can be classified into North America, Europe, Asia Pacific, and the Rest of the World.
Regional Analysis
The regional evaluation of North America, Europe, Asia-Pacific, and the Rest of the World has been conducted. As per the analysis, the APAC region is estimated to dominate the global market. The increasing manufacturing of automobiles in the region has resulted in the surging demand for the car door latch system. Besides, the individuals of the region are experiencing an increase in disposable income, which further propels the market. Moreover, the fastest exploding economies of the world. i.e., India and China are present in the region, which plays a crucial role in expanding the market. The region is witnessing a surging demand for luxurious cars, especially in India and China.
Key Players
The key players of the global car automotive door latch market are Minda VAST Access Systems Pvt. Ltd. (India), Mitsui Mining and Smelting Co., Ltd.(Japan), Aisin Seiki Co., Ltd. (Japan), Kiekert AG (Germany), Strattec Security Co. (U.S.), Magna International, Inc. (U.S.), U-Shin, Ltd. (Japan), Brose Fahrzeugteile Gmbh & Co. (Germany), Shivani Locks Pvt. Ltd. (India), Inteva Products, Llc. (U.S.), and a few others.
Industry News
June 2020
Nissan, a renowned car, a manufacturing company, recalled hundreds of thousands of midsize cars in the U.S and Canada to fix a latch problem that may allow the hood fly open while the cars are in a moving position. Nissan recalled nearly 1.9 million Altimas and included cars from the 2013 through 2015 model years that were recalled in previous years.