The vehicle door latch primarily consists of a lock and striker mechanism, operating mechanically or electronically to open or close the door. The door latch is the primary safety feature in a vehicle. Increase in the production of vehicles has driven the market for automotive door latch.
The latch is utilized in the bonnet, tailgate, and doors of a vehicle. The development in electronics has led to the expansion of the electronic latches market. The electronic latch system allows the driver to control the access to all the doors. The electronic latch market has expanded significantly due to the adoption of power doors in passenger cars that permit the driver to access all four doors, the bonnet, and tail gate. The power lock technology option has been made available in several passenger cars.
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The electronic door latch system has enabled auto makers to develop automatic lock systems. Automatic locks allow the doors to be locked automatically once the vehicle speed surpasses 10km/hr in order to enhance passenger safety. The electronic locks are used more in passenger cars than in commercial vehicles. The luxury vehicles have integrated aerodynamic locks, wherein the lock system blends in with the door frame without a protruding edge in order to minimize the drag and increase fuel efficiency.
Lightweighting in latches has emerged as a trending technology due to the efforts to downsize and the prevailing emission norms. Commercial vehicles such as trucks, in developing nations, employ a conventional lock and key rather than the latch for the tail gate. The market share of tail gate latch is estimated to expand due to the demand of safety and awareness.
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The price of an electronic latch is a key restraint for the market. The refrained use of electronic latch in commercial passenger cars and cabs as the driver holds the control of passenger door arises safety concerns and may restraint the market. The global automotive door latch market can be segmented based on type, application, sales channel, vehicle, and geography. Based on type, the automotive door latch market can be classified into mechanical latch and electronic latch. The conventional mechanical latch segment holds a prominent market share in commercial segment and in low –premium cars, as it is cost-efficient.
The electronic door latch is widely utilized in passenger cars owing to the rise in demand for safety and increase in demand of electronics. Several passenger cars utilize an electronic latch for the side doors and a mechanical latch for the bonnet and tail gate in order to reduce cost. In terms of application, the door latch market can be classified into side door latch, tail gate latch, and bonnet latch. The side door latchsegment holds a major share of the market, as four latches are used in one vehicle. Tail gate and bonnet latch segments witness an increased demand for mechanical latches.
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Based on sales channel, the automotive door latch market can be segregated into OEM and aftermarket. The aftermarket segment holds a major share of the market, as the door latch is a wear and tear part has and offers a higher aftermarket sales opportunity. Door latches have little scope of repair thus posing a stronger aftermarket sale. Based on vehicle, the automotive door latch market can be segmented into passenger vehicles and commercial vehicles. The passenger vehicles segment is estimated to expand due to the rise in production of cars.
The key players operating in the global automotive door latch market include Magna International Inc., which developed the world’s first smart latch that was installed in the BMW i8. The smart latch includes lightweight material and a reduction of weight by elimination of cables and lock rods. AISIN SEIKI Co., Ltd. developed a smart handle, a system which eliminates the lock button from the door handle and simply unlocks the door by touching the smart key to the door handle. Brose Fahrzeugteile GmbH & Co. KG. of Germany is a leading manufacturer of door latches.
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