[FURL=https://www.industryarc.com/Research/Global-Automotive-Door-Handles-Market-Research-512882?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Global Automotive Door Handles Market[/FURL] Global Automotive Door Handles Market size is forecast to reach $2,458 million by 2026, estimated to grow at a CAGR of 5.3% during 2021-2026. The rapid growth of the automobile sector is triggering the car latch door market. In addition, the rise of Pandemic has affected the automotive manufacturing industries, but with the deployment of certain safety guidelines most of the companies have resumed operations. This resuming of operations will lead to upsurge the growth of the car latch system market during the forecast period 2021-2026. The projected growth of the automotive industry, both passenger vehicles and commercial vehicles, post the pandemic will drive the market for door handles.Key Takeaways
In 2019, the Automotive Door Handles market was dominated by Asia Pacific owing to the growing vehicle production and rising sales of vehicles in China and other Asian Countries.
The increasing safety concerns during driving is the key factor that is leading the demand for advanced technologies in the Automotive Door Handles system and eventually leading to the rising use of electronic latches.
The growth of the automobile industry with certain guidelines during the pandemic situation will further enhance the need for the efficient Automotive Door Handles systems.
The rapid rise of pandemic has highly hindered the manufacturing industry which has also hampered the production of vehicles thus leading to challenge the growth of the market.
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Automotive Door Handle Market Segment Analysis - By Geography
In 2020, Asia Pacific dominated the Automotive Door Handles market with a share of more than 37%, followed by Europe and North America. The rising production of vehicles in countries such as China are leading to the acceleration of the market. However, the rise of pandemic has highly affected the manufacturing sector which will lead to slow down the market in the recent time. Thus, the adoption of certain guidelines in the manufacturing sector will promote safety to the workers leading to drive the growth of the market during the forecast period.
Automotive Door Handle Market Drivers
Growth of Automobile Industry
Rising concern related to safety of the vehicle
Automotive Door Handle Market Landscape
The market of Automotive Door Handles has been consolidated by the major players – Brose Fahrzeugteile GmbH & Co., Kiekert AG, Magna International Inc., Minda Vast Access Systems, Mitsui Mining & Smelting Co. Ltd., Shivani Locks Pvt. Ltd. , Strattec Security Corporation, U-Shin Ltd., Robert Bosch GmbH and ZF Friedrichshafen AG.
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