As per MRFR analysis, the Automotive Door Latch and Hinges Market Size was estimated at 25.52 (USD Billion) in 2022. The Automotive Door Latch and Hinges Market Industry is expected to grow from 26.39(USD Billion) in 2023 to 35.6 (USD Billion) by 2032. The Automotive Door Latch and Hinges Market CAGR (growth rate) is expected to be around 3.38% during the forecast period (2024 - 2032).
The Automotive Door Latch and Hinges market is driven by rising vehicle production, increasing safety regulations, and the growing popularity of lightweight materials. The growing adoption of electric vehicles and the integration of advanced technologies, such as power door latches and soft-close mechanisms, is presenting significant growth opportunities.Moreover, increasing demand for comfort and convenience features in vehicles, such as power windows and moonroofs, is contributing to the market's growth. Additionally, the rising focus on vehicle aesthetics and personalization is driving demand for customized and stylish door latches and hinges. Technological advancements, such as the development of lightweight and durable materials, are expected to further fuel market expansion.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
One of the major market drivers in the Automotive Door Latch and Hinges Market Industry is increasing demand for lightweight and fuel-efficient vehicles. With the growing awareness among consumers regarding environmental protection and various governments tightening the regulations for fuel economy, automakers are focusing on reducing the weight of their vehicles. Being important components of vehicles, door latches and hinges play a significant role in weight reduction.Moreover, another market driver for the market of door latches and hinges is the growing demand for electric vehicles since they require light components for their increasing range.
The growing popularity of Advanced Driver Assistance Systems (ADAS) is another major market driver in the Automotive Door Latch and Hinges Market Industry. ADAS features such as lane departure warning, automatic emergency braking, and adaptive cruise control are becoming increasingly common, and they all rely on sensors and actuators to function. Door latches and hinges are essential components for integrating these sensors and actuators into the vehicle, and as ADAS features become more sophisticated, the demand for more advanced door latches and hinges will also increase.
Growth of the sector is also being facilitated by the increasing interest of consumers in the safety and security of their vehicles. Modern automobile manufacturers are heavily investing in advanced technologies, which include the Internet of Things, big data, and machine learning, among others, that could be leveraged to improve both safety and security. The report indicates that Door Latch and Hinges ensure that doors remain shut and are also instrumental in ensuring vehicle security by preventing unauthorized entry into the vehicle.Further hinges and latches are crucial parts of any vehicle as they ensure the doors remain shut in case of an accident, ensuring the safety of the occupants. Therefore, as manufacturers seek to come up with newer and advanced safety and security features, the demand for improved Door Latch and Hinges will continue to increase.
Vehicle Type Segment Insight and Overview The Automotive Door Latch and Hinges Market are classified by vehicle type as passenger cars, commercial vehicles, and luxury vehicles. Among all of these segments, the passenger cars segment is dominant due to the high production of passenger cars across the world. The commercial vehicles segment is anticipated to witness a prominent growth rate during the projection period owing to the emerging economies’ demand for commercial vehicles.
The luxury vehicle segment is also expected to witness steady growth in the market share due to increased disposable income and rising demand for luxury cars.As of 2023, passenger cars had a significant market share of about 60% of the Automotive Door Latch and Hinges Market. The commercial vehicles segment, as of 2023, was valued at USD 6.5 billion, and by 2024, its representative revenue would reach USD 8.2 billion with a CAGR of 4.2%. The market share of luxury vehicles, which was valued at USD 3.89 billion, is expected to reach USD 4.5 billion by the year 2024 with a CAGR of 3.8%. The major drivers for the growth of the Automotive Door Latch and Hinges Market are the growing vehicle manufacturing, rising demand for safety features, and rapid implementation of technology.
The market is also pushed by the increased demand for electric vehicle sales since electric vehicle cars require a particular type of latch and hinge door. The notable players in the Automotive Door Latch and Hinges Market are Magna International, Inc., The Koyo Seiko Co., Ltd., and Aisin Seiki Co., Ltd. All of these players are investing in R in order to gain a large share of the market by developing new products.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
The Automotive Door Latch and Hinges Market is segmented by Door Type into Sliding Doors, Swing Doors, and Sliding Hinged Doors. Among these, the Sliding Doors segment held the largest market share in 2023, accounting for approximately 42.5% of the Automotive Door Latch and Hinges Market revenue. The growth of this segment can be attributed to the increasing adoption of sliding doors in passenger vehicles due to their space-saving design and ease of operation. The Swing Doors segment is expected to witness significant growth over the forecast period, owing to their widespread use in commercial vehicles and the rising demand for safety features in vehicles.The Sliding Hinged Doors segment is also projected to grow steadily during the forecast period, driven by the increasing popularity of multi-purpose vehicles and the growing demand for versatile door systems.
The Automotive Door Latch and Hinges Market is segmented by Material into Steel, Aluminum Alloys, Composite Materials, and Plastic. Steel is the most widely used material in the production of door latches and hinges due to its strength, durability, and low cost. Aluminum alloys are also commonly used, as they offer a good balance of strength, weight, and corrosion resistance. Composite materials are increasingly being used in the production of door latches and hinges, as they offer high strength and stiffness at a reduced weight.
Plastic is also used in the production of door latches and hinges, and it offers low cost and ease of molding.The Automotive Door Latch and Hinges Market for Steel is expected to reach USD 12.34 billion by 2024, growing at a CAGR of 3.1%. The Automotive Door Latch and Hinges Market for Aluminum Alloys is expected to reach USD 7.56 billion by 2024, growing at a CAGR of 2.9%. The Automotive Door Latch and Hinges Market for Composite Materials is expected to reach USD 3.21 billion by 2024, growing at a CAGR of 4.2%. The Automotive Door Latch and Hinges Market for Plastic is expected to reach USD 2.59 billion by 2024, growing at a CAGR of 2.6%.
The Mechanism Type segment of the Automotive Door Latch and Hinges Market is categorized into Manual, Electric, and Hydraulic. Among these, the Electric segment held the largest market share in 2023, accounting for over 45% of the Automotive Door Latch and Hinges Market revenue. The growth of this segment is attributed to the increasing demand for electric vehicles and the rising adoption of advanced driver assistance systems (ADAS). The Manual segment is expected to witness steady growth over the forecast period, owing to its cost-effectiveness and simplicity.The Hydraulic segment is projected to have a niche market share due to its high cost and complexity.
Automotive Door Latch and Hinges Market Regional Insights
The Automotive Door Latch and Hinges Market is expected to witness substantial growth over the forecast period. The regional segmentation of the market includes North America, Europe, APAC, South America, and MEA. North America is expected to hold a significant market share due to the presence of major automotive manufacturers and a high demand for premium vehicles. Europe is another key region driven by increasing vehicle production and stringent safety regulations. APAC is projected to experience rapid growth owing to rising disposable income and growing demand for automobiles.South America and MEA are expected to witness moderate growth due to improving economic conditions and increasing vehicle sales.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Major players in the Automotive Door Latch and Hinges Market are continuously engaged in research and development activities to strengthen their market presence and gain a competitive edge. They are investing in advanced technologies and innovative solutions to meet the evolving demands of the automotive industry. Leading Automotive Door Latch and Hinges Market players are focusing on strategic collaborations and partnerships to expand their product portfolio and geographical reach.
The Automotive Door Latch and Hinges Market industry is witnessing a trend towards increased automation and digitalization, driven by the advancements in manufacturing technologies. This enables manufacturers to enhance their production efficiency and reduce operational costs. Magna International Inc. is a leading Automotive Door Latch and Hinges Market player with a strong presence. The company offers a comprehensive range of door latches and hinges for various vehicle segments. Magna International Inc. is committed to innovation and continuous improvement, and it invests heavily in research and development. The company has a team of experienced engineers and technicians dedicated to developing and refining its products. Magna International Inc. is also focused on sustainability, and it has implemented eco-friendly manufacturing practices to minimize its environmental impact. Aisin Seiki Co., Ltd. is another major player in the Automotive Door Latch and Hinges Market.
The company specializes in the design, development, and manufacturing of automotive components, including door latches and hinges. Aisin Seiki Co., Ltd. is known for its high-quality products and its commitment to customer satisfaction. The company has a network of production facilities and sales offices, and it supplies its products to major automakers around the world. Aisin Seiki Co., Ltd. is continually investing in research and development to stay at the forefront of the automotive industry.
The automotive Door Latch and Hinges market was valued at USD 26.39 billion in 2023 and is projected to reach USD 35.6 billion by 2032, exhibiting a CAGR of 3.38% during the forecast period. Rising demand for lightweight and fuel-efficient vehicles, coupled with increasing production of electric vehicles, is driving market growth. Technological advancements, such as the integration of sensors and actuators in door latches and hinges, are further propelling market expansion.
Major players in the market include Magna International, Inc., Johnson Controls International plc, and Aisin Seiki Co., Ltd. Recently, Toyota Motor Corporation announced its collaboration with Magna to develop advanced door latch systems for its electric vehicles, highlighting the industry's focus on innovation and sustainability.
| Report Attribute/Metric | Details |
| Market Size 2022 | 25.52(USD Billion) |
| Market Size 2023 | 26.39(USD Billion) |
| Market Size 2032 | 35.6(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 3.38% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Brose Fahrzeugteile GmbH Co. KG, Valeo S.A., HELLA GmbH Co. KGaA, Faurecia S.A., Minda Corporation Ltd., Toyota Boshoku Corporation, Kiekert AG, Magna International Inc., Hyundai Wia Corporation, Aisin Seiki Co., Ltd., TS Tech Co., Ltd., Motherson Group, Johnson Electric, Calsonic Kansei Corporation, Ficosa International S.A., Hyundai Mobis |
| Segments Covered | Vehicle Type, Door Type, Material, Mechanism Type, Regional |
| Key Market Opportunities | Electric Vehicle Proliferation Lightweight Materials Adoption Integrated Sensor Technology |
| Key Market Dynamics | 1 Growing demand for safety features2 Increasing vehicle production3 Technological advancements4 Rising disposable income5 Government regulations |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
According to market research, the Automotive Door Latch and Hinges Market is projected to reach a valuation of 26.39 billion USD in 2023.
The Automotive Door Latch and Hinges Market is estimated to grow at a CAGR of 3.38% from 2024 to 2032.
North America is anticipated to dominate the Automotive Door Latch and Hinges Market over the forecast period, owing to the increasing production and sales of automobiles in countries like China and India.
The rising demand for lightweight and fuel-efficient vehicles, along with the growing adoption of advanced driver assistance systems (ADAS) and autonomous vehicles, is primarily driving the growth of the Automotive Door Latch and Hinges Market.
Some of the prominent players in the Automotive Door Latch and Hinges Market include Magna International, Inc., Ficosa International, S.A., and Johnson Controls International plc.
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