Automotive Door Latch Market Expected to Surpass US$ 29.6 Bn by 2027
This report analyzes and forecasts the market for automotive door latch market at the global and regional level. The market has been forecasted based on volume (million units) and value (US$ Mn) from 2019 to 2027
[USPRwire, Mon Jun 10 2019] This report analyzes and forecasts the market for automotive door latch market at the global and regional level. The market has been forecasted based on volume (million units) and value (US$ Mn) from 2019 to 2027. The study includes drivers and restraints of the global automotive door latch market. It also covers the impact of these drivers and restraints on the automotive door latch market during the forecast period. The report also highlights opportunities and future scope in the market at the global and regional level.
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The report comprises a detailed value chain analysis, which provides a comprehensive view of the global automotive door latch market. The Porter’s Five Forces model for the market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein the service is benchmarked based on market size, growth rate, and general market share.
The study provides a decisive view of the global automotive door latch market by segmenting it in terms of lock type, application, vehicle type, sales channel and region. These segments have been analyzed on the basis of the present and future trends. Regional segmentation includes the current and forecast demand for automotive door latch market in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers the demand for individual segments in all major countries across all the regions.
The study includes profiles of major companies operating in the global automotive door latch market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
Rising demand for vehicles across the globe is a major factor driving the automotive door latch market. Rising preferences toward more safe and secure vehicles among customers has fueled the demand for the automotive door latch. A more effective and efficient way to operate the automotive door latch is the adoption of electric latches. Electronic latches can be operated automatically or by a remote, which is very convenient and efficient. Increase in adoption of electronic control units and electronic components is expected to boost the automotive door latch market. Rising consumer interest in connected vehicles is driving the automotive door latch market.
The report provides the estimated cumulative market size of automotive door latch market for 2018 and forecast for the next nine years. The global market size has been provided in terms of volume and value. Market numbers have been estimated based on lock type, application, vehicle type, sales channel, and regional segments. Market size and forecast for each lock type, application, sales channel and vehicle type have been provided in terms of global and regional/country markets.
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In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key player’s product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistics data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, National government documents, statistical databases, and market reports, OICA, JAMA, Factiva, etc.
Primary research involves e-mail interactions, telephonic interviews, Linked interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help to develop the analysis team’s expertise and market understanding.
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The global market automotive door latch market has been segmented as follows:
- Global Automotive Door Latch Market, by Lock Type
- Global Automotive Door Latch Market, by Application
- Side Door Latch/Slide Door Latch
- Tailgate Latch
- Back Seat Latch
- Hood Latch
- Global Automotive Door Latch Market, by Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Global Automotive Door Latch Market, by Sales Channel
- Global Automotive Door Latch Market, by Region
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- North America
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