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High Number of Players in Markets Leads to Medium Degree of Competition in the Car Door 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.

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High Number of Players in Markets Leads to Medium Degree of Competition in the Car Door Latch Market

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  1. Stringent Emission Norms Leading to Light Weighting/Downsizing of Automotive Components to lead Car door Latch Market The report "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 2021. Browse 75 market data tables and 56 figures spread through 135 pages and in-depth TOC on "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" https://www.marketsandmarkets.com/Market-Reports/automotive-door-latch-market-82258051.html Early buyers will receive 10% customization on reports. In terms of volume the market is expected to reach 594.8 million units by 2021. The major factors behind the growth of the automotive latch market is the increase in global automobile production and technological advancements due to safety and security concerns. 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 electronic latch segment is estimated to be the fastest growing segment in the car door latch market. The demand for electronic latches has increased because of technological advancements and an increase in vehicle safety and security concerns. Technologically advanced features such as hands-free opening, collision avoidance, LED-sensors, super locking, selective locking, electric child safety, and power door releasing and closing are in demand by OEMs. 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. Request for customization of report

  2. The major players in the car door latch market include Aisin Seiki Co., Ltd (Japan), Mitsui Mining and Smelting Co., Ltd.(Japan), Kiekert AG (Germany), Magna International, Inc. (U.S.), Strattec Security Corporation (U.S.), Brose Fahrzeugteile Gmbh & Co. (Germany), U-Shin, Ltd. (Japan), Shivani Locks Pvt. Ltd. (India), Inteva Products, Llc (U.S.), and Minda VAST Access Systems Pvt. Ltd. (India). These companies collectively account for the major share of the automotive latch market. Target Audience Automobile OEMs Automotive body and closure system associations Automotive Parts Manufacturers’ Association (APMA) Manufacturers of automotive latches Manufacturers of automotive latch actuators Raw material suppliers “This study answers several questions for the stakeholders, primarily, which market segments to focus in the next two to five years (depending on range of forecast period) to prioritize efforts and investments” 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. The major players in the car door latch market include Aisin Seiki Co., Ltd. (Japan), Mitsui Mining and Smelting Co., Ltd.(Japan),Kiekert AG (Germany), Magna International, Inc. (U.S.), Strattec Security Co. (U.S.), U-Shin, Ltd. (Japan), Shivani Locks Pvt. Ltd. (India), Brose Fahrzeugteile Gmbh & Co. (Germany), Inteva Products, Llc. (U.S.), and Minda VAST Access Systems Pvt. Ltd. (India). Speak to our Analyst about Car door latch Market About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify

  3. new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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