Product Code: ETC048964 | Publication Date: Jun 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Automotive Door Latch Market in India is projected to grow at a CAGR of 6.7% during the forecast period (2025-2031). The rising sales of vehicles, increasing demand for luxury cars and evolving safety regulations are some of the major factors driving the growth of automotive door latch market in India. Moreover, increasing adoption of electronically operated door latches and advanced features like central locking & child safety locks are further expected to drive the market growth during the forecast period.
Rising Sales Of Vehicles In India: The Indian automobile industry has witnessed significant growth over recent years with an increased demand for passenger cars as well as commercial vehicles from both domestic and international customers. This rising trend coupled with growing disposable incomes is creating a favorable environment in terms of vehicle purchases which will ultimately boost the automotive door latch market size by 2031. Increasing Demand For Luxury Cars: There is an exponential rise in luxury car sales due to improved economic conditions leading to greater disposable income among consumers across all age groups, thereby driving up the demand for premium automobiles such as SUVs and sedans that require technologically advanced systems such as electronic doors latches for better security purposes which will further contribute towards automative door latch market revenue over next five years. Evolving Safety Regulations : To meet stringent government regulations regarding occupant safety inside vehicles , automakers have started focusing on developing components that offer enhanced protection against accidental hazards . This has gradually led OEMs to install more secure accessories such as automatic locking mechanisms or electronically controlled latches , contributing significantly towards overall Automotive Door Latch Market value share till 2031 .
High Cost Associated With Advanced Systems : Major challenge faced by this industry includes high cost associated with advanced automated systems like remote access feature or smart touch technology used inside luxury cars . These expensive parts often remain unaffordable even amongst upper middle class segment thus hindering their installation rate across mass produced models adopting conventional manual system instead . Lack Of Skilled Labor And Poor Maintenance Services : Another key factor restraining Automotive Door Latch Industry expansion could be attributed inadequate skilled labor availability across local aftermarket channels along with poor maintenance services offered within reasonable price range making it difficult for end users maintain their existing lock sets efficiently without spending extra cash on unnecessary repairs resulting into their low replacement rates henceforth hampering business outlook until 2031.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Automotive Door Latch Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Door Latch Market Revenues & Volume, 2021 & 2031F |
3.3 India Automotive Door Latch Market - Industry Life Cycle |
3.4 India Automotive Door Latch Market - Porter's Five Forces |
3.5 India Automotive Door Latch Market Revenues & Volume Share, By Latch Type, 2021 & 2031F |
3.6 India Automotive Door Latch Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.7 India Automotive Door Latch Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Automotive Door Latch Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Automotive Door Latch Market Trends |
6 India Automotive Door Latch Market, By Types |
6.1 India Automotive Door Latch Market, By Latch Type |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Door Latch Market Revenues & Volume, By Latch Type, 2021-2031F |
6.1.3 India Automotive Door Latch Market Revenues & Volume, By Electronic, 2021-2031F |
6.1.4 India Automotive Door Latch Market Revenues & Volume, By Non-Electronic, 2021-2031F |
6.2 India Automotive Door Latch Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Door Latch Market Revenues & Volume, By Passenger Car, 2021-2031F |
6.2.3 India Automotive Door Latch Market Revenues & Volume, By Commercial Vehicle, 2021-2031F |
6.3 India Automotive Door Latch Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Automotive Door Latch Market Revenues & Volume, By Side Door Latch, 2021-2031F |
6.3.3 India Automotive Door Latch Market Revenues & Volume, By Hood Latch, 2021-2031F |
6.3.4 India Automotive Door Latch Market Revenues & Volume, By Back Seat Latch, 2021-2031F |
6.3.5 India Automotive Door Latch Market Revenues & Volume, By Others, 2021-2031F |
7 India Automotive Door Latch Market Import-Export Trade Statistics |
7.1 India Automotive Door Latch Market Export to Major Countries |
7.2 India Automotive Door Latch Market Imports from Major Countries |
8 India Automotive Door Latch Market Key Performance Indicators |
9 India Automotive Door Latch Market - Opportunity Assessment |
9.1 India Automotive Door Latch Market Opportunity Assessment, By Latch Type, 2021 & 2031F |
9.2 India Automotive Door Latch Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.3 India Automotive Door Latch Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Automotive Door Latch Market - Competitive Landscape |
10.1 India Automotive Door Latch Market Revenue Share, By Companies, 2024 |
10.2 India Automotive Door Latch Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |