Registering a year-on-year growth rate of 4.7%, global Automotive Door Latch and Hinges Sales Market revenue totaled USD 33.9 billion in 2022. Between 2023 and 2033, global demand for automotive door latches and hinges is projected to rise at 5.4% CAGR.
The global automotive door latch and hinges market size is projected to expand from USD 35.6 billion in 2023 to USD 60.3 billion by 2033. The automotive door latch and hinges industry currently accounts for about 3% to 5% of the global automotive market.
As per Future Market Insights (FMI), the market for automotive door latches and hinges is projected to create an absolute dollar opportunity of USD 24.6 billion during the assessment period. East Asia, North America, and Europe will continue to remain the prominent markets for automotive door latches and hinges.
Key Trends Shaping the Market:
Automotive door latches and hinges are door retention components that allow vehicle’s doors to open and close. These components also hold doors in a closed position to the vehicle. They have become essential components of automotives due to their ability to improve passenger safety.
The demand for automotive door latches and hinges is primarily driven by the automotive industry. As the number of vehicles on the road continues to increase, demand for automotive door latches and hinges is expected to rise as well.
As per the International Organization of Motor Vehicle Manufacturers (OICA), global vehicle production crossed 85 million in 2022. This number is likely to further increase during the next few years which will eventually bolster automotive door latch and hinge sales.Increasing demand for advanced safety and security systems in vehicles is expected to boost the demand for high-quality door latch and hinge components.
Door latch and hinge mechanism safety is critical in preventing accidents and injuries. The system guarantees that the doors remain securely closed even when the vehicle is moving, preventing passengers from slipping out. This is especially critical for youngsters, who are more likely to open car doors while driving.
Door latch and hinge systems, in addition to preventing accidents, contribute to the overall safety of the vehicle by ensuring that doors can be quickly opened in the case of an emergency, such as a car accident or fire. These safety measures are required in modern vehicles, and the market for automotive door latches and hinges is likely to increase as safety standards improve.
To ensure that the door latch and hinge systems meet safety regulations, automotive manufacturers are governed by severe legislation and safety standards. To meet these rules, advanced door latch and hinge systems with characteristics such as anti-lock mechanisms, child safety locks, and impact resistance have been developed.
New sophisticated technologies are intended to keep the doors securely closed during an impact or collision, lowering the risk of passenger ejection and injury. As well, the child safety locks prevent youngsters from mistakenly opening the door while the car is in motion, hence improving passenger safety.
As concerns over fuel consumption and air pollution continue to increase, vehicle manufacturers are exploring the use of new materials to achieve these goals. Reducing the weight of door latches and hinges is a trend that can aid in achieving stringent fuel economy standards.
Leading manufacturers are using advanced manufacturing technologies such as additive manufacturing or 3D printing to develop reliable and sophisticated products. This will help them to meet evolving end user demand and significantly improve their revenues.
Further, to address automaker’s concerns, such as the feel of a car’s door when opening & closing and the quietness of the cabin, companies are introducing novel solutions. These new components reduce the efforts required to open or close a vehicle door.
| Attributes | Key Insights |
|---|---|
| Estimated Global Automotive Door Latch and Hinges Market Value (2023) | USD 35.6 billion |
| Projected Automotive Door Latch and Hinges Market Size (2033) | USD 60.3 billion |
| Value-based CAGR (2023 to 2033) | 5.4% |
| Collective Value Share: Top 4 Countries (2023E) | 45 to 48% |
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As per Future Market Insights (FMI), global sales of automotive door latches and hinges grew at 4.7% CAGR from 2018 to 2022. Total market size at the end of 2022 reached around USD 33.9 billion. Over the projection period, the global market is set to accelerate at 5.4% CAGR.
Rising production and sales of vehicles globally is a prominent factor boosting the worldwide automotive door latch and hinges industry. Another key factor driving the demand for automotive door latches and hinges is safety. Door latches and hinges play a key part in guaranteeing the safety of passengers in a vehicle.
The door latch and hinge mechanism must be able to sustain impact and prevent the doors from opening abruptly in the case of a collision. This keeps passengers from being ejected from the vehicle, which is a leading cause of death and serious injury in car accidents.Automotive door latch and hinge manufacturers are continually developing and enhancing their products to improve vehicle safety features. This will continue to boost the market.
Aside from safety concerns, the desire for convenience features in automobiles is propelling the automotive door latch and hinges industry forward.
Modern consumers want amenities such as keyless entry, power locks, and automatic closing systems, which all require modern door latch and hinge systems to work properly. As a result, new door latch and hinge systems have been designed that can manage these qualities while still maintaining high levels of safety and durability.
With rising demand for new practical features, the automobile door latch and hinges industry is expected to expand further during the next ten years.
While demand for car door latches and hinges is likely to increase in the future, there are several concerns that may limit market sales.
One factor is the growing popularity of electric and self-driving vehicles. With the increasing popularity of these vehicles, standard door latch and hinge mechanisms may become obsolete as vehicle designs evolve. These vehicles frequently have fewer doors or sliding or automatic doors that do not require the same door latch and hinge systems as standard automobiles.
Another cause is the growing popularity of ride-sharing companies like Uber and Lyft. More people are choosing to use these services rather than own their own automobiles. Demand for traditional vehicles and related components, such as door lock and hinge systems, may fall because of this.
Principal Consultant
| Country | China |
|---|---|
| Market Share (2023) | 79.0% |
| Market Share (2033) | 77.6% |
| BPS Analysis | -140 |
| Country | United States |
|---|---|
| Market Share (2023) | 87.9% |
| Market Share (2033) | 87.1% |
| BPS Analysis | -80 |
| Country | Japan |
|---|---|
| Market Share (2023) | 13.7% |
| Market Share (2033) | 14.4% |
| BPS Analysis | +80 |
| Country | Germany |
|---|---|
| Market Share (2023) | 25.2% |
| Market Share (2033) | 22.4% |
| BPS Analysis | -280 |
| Country | Italy |
|---|---|
| Market Share (2023) | 7.9% |
| Market Share (2033) | 8.7% |
| BPS Analysis | +90 |
Booming Automotive Industry Fueling Automotive Door Latch and Hinge Demand in China
According to Future Market Insights (FMI), China will continue to remain the most lucrative market for door latches and hinges. This is due to the thriving automotive sector in the country.
China automotive door latch and hinges industry is projected to reach a valuation of USD 12.54 billion by 2033. From 2023 to 2033, automotive door latch and hinge sales in the country are expected to soar at 4.5% CAGR.
China is home to one of the leading automotive industries in the world. The burgeoning population, rising middle class, and rising living standards are driving up demand for autos, resulting in increased vehicle production and sales. This in turn is fueling sales of automotive door latches and hinges.
Similarly, rising demand for advanced automotive components will boost China market. The high demand for sophisticated door latch and hinge systems is being driven by an increased emphasis on vehicle safety and regulations.
The expansion of the aftermarket segment in the country is also likely to contribute to market growth.
Strong Presence of Leading Automotive Companies Boosting Japan Market
Japan automotive door latch and hinges market is predicted to progress at a steady CAGR of 5.3% during the next ten years. Total market value in the country is likely to reach around 2.3 billion by 2033.
The automotive door latch and hinges industry in Japan is predicted to thrive steadily in the future years, owing to two primary considerations. For starters, the country's automotive industry's strong demand for automobiles is supporting growth in the market, as these components are vital for vehicle production.
Second, government restrictions targeted at increasing vehicle safety and performance are also aiding market expansion.
Japan, as one of the world's main vehicle manufacturing countries, is home to several global automotive corporations. The country's expanding automotive industry, combined with tight safety rules, is driving up demand for automobile door locks and hinges.
The market's expansion is also linked to increased car manufacturing and sales in the country, which is being driven by rising disposable incomes and a growing middle class.
Japan’s vehicle door latch and hinges market is expected to expand steadily, owing to strong demand from both the domestic and foreign automotive sectors.
The Japanese government has been pushing for the development of self-driving automobiles. This is increasing demand for innovative door latch and hinge systems capable of handling these vehicles' technological requirements.
There is a growing trend towards electric vehicles, as well as the necessity for lightweight materials in automobile manufacturing. This factor is projected to increase demand for novel and efficient door latch and hinge systems.
Door Latches Likely to Create Lucrative Opportunities for Companies
Based on product type, the global market is divided into latch type and hinge type. Among these, latch type segment is likely to dominate the global market, creating lucrative revenue-generation opportunities for companies.
According to Future Market Insights (FMI), door latches segment is predicted to hold a market share of 56.3% in 2033. This is because door hinges are crucial for passenger safety and are subject to stringent safety standards.Demand for door latches is also being driven by the development of improved door latch systems with features such as child safety locks and impact resistance.
Hinges, on the other hand, are critical for door operation. The hinge type segment is likely to progress at 5.4% CAGR through 2033. This is due to rising demand for innovative hinge systems that can meet the growing trend for convenience features such as power locks and automatic closing systems.
Manufacturers Prefer Steel for Producing Automotive Door Latches and Hinges
Automotive door latches and hinges are made from materials such as steel, aluminum, and others. Among these, manufacturers prefer steel for making these products. This is due to high strength, durability, and cost-effectiveness of steel.
Steel is one of the most often utilized materials in the construction of vehicle door latches and hinges. It is a dependable and generally available material that has long been used in car manufacturing. The steel segment is expected to hold a market share of 61.2% by 2033.
Steel alloys used in the manufacture of automotive door latches and hinges are carefully selected to withstand the stresses generated in a vehicle accident. Growing end user preference for steel door latches and hinges is another key factor that will boost the target segment.On the other hand, lightweight materials, such as aluminum and magnesium alloys, are also becoming popular because they enhance fuel efficiency and reduce pollutants.
Aluminum and magnesium alloys are extremely sought-after due to their lightness, which allows for vehicle weight reduction, resulting in increased fuel efficiency and lower emissions. They also have good strength-to-weight ratios, making them suited for the production of car door latches and hinges.
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The global automobile door latch and hinges market is highly fragmented and fierce in competition, with various local and international competitors participating in the market. Among the market's key players are Kiekert AG, Brose Fahrzeugteile GmbH & Co. KG, Magna International Inc., Inteva Products, LLC, AISIN SEIKI Co., Ltd., and Strattec Security Corporation.
Leading automotive door latch and hinge manufacturing companies are focusing on launching new products with better features. They are also adopting strategies such as acquisitions, partnerships, mergers, and facility expansions to gain profits.
For instance:
| Attribute | Details |
|---|---|
| Estimated Market Value (2023) | USD 35.6 billion |
| Projected Market Value (2033) | USD 60.3 billion |
| Anticipated Growth Rate (2023 to 2033) | 5.4% CAGR |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion, Volume in Units and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Product Type, Vehicle Type, Sales Channel, Material Type, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia Pacific; Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Argentina, Germany, Italy, France, United Kingdom, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, ANZ, GCC Countries, Türkiye, Northern Africa, South Africa, Rest of the Middle East |
| Key Companies Profiled | Magna International Inc.; Aisin Seiki Co. Ltd; STRATTEC; Kiekert AG; Gestamp Group; Saint Gobain; Dura Automotive System LLC; Inteva Products LLC; MITSUI KINZOKU; Brano Group; ER Wagner; DEE Emm Giken; U-Shin ltd; Shivani Locks Private Limited |
The market is slated to attain USD 35.6 billion in 2023.
The CAGR of the market is 5.4% for the forecast period.
Increasing popularity of electrified and self-driving vehicles is propelling sales of automotive door latch and hinges.
The Japan market is expected to expand at a CAGR of 5.3% through 2033.
Magna International Inc., Aisin Seiki Co. Ltd, and STRATTEC are the active players in the market.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 6. Global Market - Pricing Analysis 7. Global Market Demand (in Value or Size in USD Billion) Analysis 2018 to 2022 and Forecast, 2023 to 2033 8. Market Background 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 9.1. Latch Type 9.1.1. Side Door Latch 9.1.2. Tailgate Latch 9.1.3. Hood Latch 9.2. Hinge Type 9.2.1. Front & Rear Door Hinges 9.2.2. Tailgate/Bonnet Hinges 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type 10.1. Passenger Vehicles 10.1.1. Compact 10.1.2. Midsize 10.1.3. SUV 10.1.4. Luxury 10.2. Commercial Vehicles 10.2.1. LCV 10.2.2. HCV 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material 11.1. Steel 11.2. Aluminum 11.3. Others 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 12.1. OEM 12.2. Aftermarket 13. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 13.1. North America 13.2. Latin America 13.3. Europe 13.4. East Asia 13.5. South Asia and Pacific 13.6. Middle East and Africa 14. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 20. Country-Wise Market Analysis 21. Market Structure Analysis 22. Competition Analysis 22.1. Magna International Inc. 22.2. Aisin Seiki Co. Ltd. 22.3. STRATTEC 22.4. Kiekert AG 22.5. Gestamp Group 22.6. Saint Gobain 22.7. Dura Automotive System LLC 22.8. Inteva Products LLC 22.9. MITSUI KINZOKU 22.10. Brano Group 22.11. ER Wagner 22.12. DEE Emm Giken 23. Assumptions and Acronyms Used 24. Research Methodology
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Automotive Door Latch and Hinges Market
