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Economic factor place an important role in the automotive industry. In the recent year, automotive industry was majorly affected due to the economic crisis. If the economic condition are not good then the sale of the vehicle will decline resulting in the decrease in the Automotive Car Door Latch industry. In the developing and developed markets, for both the scenario are different.
One of the factors driving the growth of Automotive Car Door Latch market are the growth in the automobile industry due to growing population, expansion of infrastructure, and development of suburbs. The other factors that are responsible for the growth of this market are innovation in technology because of safety of the driver, stringent emission norms, thus resulting in the use of light weight automotive components.
The global Automotive Car Door Latch market is expected to account for USD 6.60 billion by 2022 with 5% CAGR.
Key Players
The key players of global Automotive Car Door Latch market are 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). COVID-19 Impact
Segmentation
The Global Automotive Car Door Latch Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Lock Type : Comprises Electronic and Non-Electronic
Segmentation by Vehicle Type : Comprises Passenger Car and Commercial Vehicle
Segmentation by Application : comprises side door latch, hood latch, back seat latch, and others
Segmentation by Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
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