CHICAGO, Dec. 6, 2022 /PRNewswire/ — According to Arizton’s latest research report, the automotive door handles market will grow at a CAGR of 2.85% from 2021 to 2027. Factors such as the increasing number of passenger & commercial production vehicles and increasing disposable income are boosting the industry’s growth. Manufacturers are developing smart technologies in automotive door handles to provide hassle-free operation to vehicle owners. Technological advancements offer an excellent opportunity for vendors to develop innovative door handles for the vehicle.
Automotive Door Handles Market
Aesthetics tend to play an essential part when it comes to decision-making. Aesthetics is also important in encouraging customers to purchase the vehicle, spare parts, and replacements. Audi claims that aesthetics account for 60% of the overall factors influencing a customer’s selection. Such factors are contributing majorly to the global automotive door handles market growth.
Automotive Door Handles Market Report Scope
|
Report Attributes |
Details |
|
Market Size (2027) |
USD 8 Billion |
|
Market Size (2021) |
USD 6.7 Billion |
|
CAGR (2021-2027) |
2.85 % |
|
Base Year |
2021 |
|
Forecast Year |
2022-2027 |
|
Market Segments |
Material Type, Handle Type, Vehicle Type, Sales Channel, and Geography |
|
Region Covered |
North America, Europe, APAC, Latin America, and Middle East & Africa |
|
Key Leading Countries |
US, Canada, Germany, Spain, France, Czech Republic, Slovakia, China, Japan, India, South Korea, Thailand, GCC, South Africa, Mexico, and Brazil |
|
Key Companies |
CI Car International, Dorman Products, Guangzhou Yishan Auto Parts, Huf, OMIX, Quadratec, Magna International, Minda VAST Access Systems Mitsui Mining & Smelting, Kakihara Industries, Sandhar, and Illinois Tool Works |
|
Market Dynamics |
Rapid Growth in Urbanization and Middle-Income Population |
|
Page Number |
218 |
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Customization Request |
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments. Request for Free Sample Report
The rise in safety concerns and the demand for variety and aesthetics in automotive door handles are key factors driving the demand for innovative technologies. Players in the automotive door handles market focus on developing innovative products and investing in R&D activities to expand their product portfolios. Moreover, international players have been adopting an inorganic strategy to expand their footprint in the global market. It primarily involves the expansion and launching of innovative products to strengthen their market position, which significantly induces competition in the market. Although established businesses dominate the market, there are huge potential opportunities for new entrants who make low-cost goods for rising end markets.
Impact of Variety and Aesthetics on Automotive Door Handles
Globally, car enthusiasts aged 16 to 24 spent $7.6 million in 2021 to customize their vehicles. This includes vehicle interiors and exteriors. Replacement door handles and interiors typically cost between $70 and $300, while exteriors cost between $100 and $500. Although the costliest automobile door handles can cost up to USD 1500, the market for automotive door handles is driven by the wide variety of handles that are available to clients.
APAC Automotive Door Handles Market to Cross USD 3.34 Billion by 2027
The global automotive door handles market has many companies operating in significant parts of the world. APAC is the largest industry for automotive door handles and is expected to cross $3.34 billion by 2027. The automotive sector is rapidly expanding due to continued industrialization, low-cost labor, and abundant raw resources, which has increased demand for automotive door handles in the APAC region. In 2021, China accounted for a revenue share of 55.81% and emerged as the leading automotive door handles market in the Asia Pacific.
Key Vendors
CI Car International
Dorman Products
Guangzhou Yishan Auto Parts
Huf
OMIX
Quadratec
Magna International
Minda VAST Access Systems
Mitsui Mining & Smelting
Kakihara Industries
Sandhar
Illinois Tool Works
Market Segmentation Analysis
Material Type
Plastic
Chrome/Steel
Others
Handle Type
Mechanical
Automatic
Vehicle Type
Passenger Vehicle
Commercial Vehicle
Sales Channel
OEM
Aftermarket
Geography
North America
Europe
Germany
Spain
France
Czech Republic
Slovakia
APAC
China
Japan
India
South Korea
Thailand
Middle East & Africa
GCC
South Africa
Latin America
Mexico
Brazil
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Table of Content
1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 MARKET DEFINITION
4.1.1 INCLUSIONS
4.1.2 EXCLUSIONS
4.1.3 MARKET ESTIMATION CAVEATS
4.2 BASE YEAR
4.3 SCOPE OF THE STUDY
4.4 MARKET SEGMENTATION
4.4.1 MARKET SEGMENTATION BY MATERIAL TYPE
4.4.2 MARKET SEGMENTATION BY HANDLE TYPE
4.4.3 MARKET SEGMENTATION BY VEHICLE TYPE
4.4.4 MARKET SEGMENTATION BY SALES CHANNEL
4.4.5 MARKET SEGMENTATION BY GEOGRAPHY
5 REPORT ASSUMPTIONS and CAVEATS
5.1 KEY CAVEATS
5.2 CURRENCY CONVERSION
5.3 MARKET DERIVATION
6 MARKET AT A GLANCE
7 PREMIUM INSIGHTS
7.1 MARKET OVERVIEW
7.2 MARKET DYNAMICS: KEY TRENDS, DRIVERS, AND RESTRAINTS
7.2.1 MARKET TRENDS
7.2.2 MARKET DRIVERS
7.2.3 MARKET RESTRAINTS
7.3 SEGMENT ANALYSIS
7.4 GEOGRAPHICAL ANALYSIS
7.5 COMPETITIVE LANDSCAPE
7.6 ABOUT THE REPORT
8 INTRODUCTION
8.1 OVERVIEW
8.2 TYPES OF DOOR HANDLES
8.3 MACROECONOMIC FACTORS
8.3.1 AUTOMOTIVE INDUSTRY
8.4 ESCALATING DEMAND FOR VEHICLES
8.5 VALUE CHAIN ANALYSIS
8.5.1 MATERIAL SUPPLIERS
8.5.2 MANUFACTURERS
8.5.3 DISTRIBUTORS
8.5.4 OEM/AFTERMARKET
8.6 IMPACT OF COVID-19
9 MARKET OPPORTUNITIES and TRENDS
9.1 RISING INNOVATION IN AUTOMOTIVE DOOR HANDLES
9.2 IMPROVEMENT IN VEHICLE AERODYNAMICS
9.3 INCREASING FOCUS ON VEHICLE SAFETY
10 MARKET GROWTH ENABLERS
10.1 RAPID GROWTH IN URBANIZATION AND MIDDLE-INCOME POPULATION
10.2 INCREASE IN DEMAND FOR PASSENGER VEHICLES IN EMERGING ECONOMIES
10.3 VARIETY AND AESTHETICS IN AUTOMOTIVE DOOR HANDLES
11 MARKET RESTRAINTS
11.1 SUPPLY CHAIN DISRUPTIONS IN THE AUTOMOTIVE INDUSTRY
11.2 HIGHLY FRAGMENTED MARKETPLACE
12 MARKET LANDSCAPE
12.1 MARKET SIZE & FORECAST
12.2 FIVE FORCES ANALYSIS
12.2.1 THREAT OF NEW ENTRANTS
12.2.2 BARGAINING POWER OF SUPPLIERS
12.2.3 BARGAINING POWER OF BUYERS
12.2.4 THREAT OF SUBSTITUTES
12.2.5 COMPETITIVE RIVALRY
13 MATERIAL TYPE
13.1 MARKET SNAPSHOT & GROWTH ENGINE
13.2 MARKET OVERVIEW
13.3 PLASTIC
13.3.1 MARKET SIZE & FORECAST
13.3.2 MARKET BY GEOGRAPHY
13.4 CHROME/STEEL
13.4.1 MARKET SIZE & FORECAST
13.4.2 MARKET BY GEOGRAPHY
13.5 OTHERS
13.5.1 MARKET SIZE & FORECAST
13.5.2 MARKET BY GEOGRAPHY
14 HANDLE TYPE
14.1 MARKET SNAPSHOT & GROWTH ENGINE
14.2 MARKET OVERVIEW
14.3 MECHANICAL
14.3.1 MARKET SIZE & FORECAST
14.3.2 MARKET BY GEOGRAPHY
14.4 AUTOMATIC
14.4.1 MARKET SIZE & FORECAST
14.4.2 MARKET BY GEOGRAPHY
15 VEHICLE TYPE
15.1 MARKET SNAPSHOT & GROWTH ENGINE
15.2 MARKET OVERVIEW
15.3 PASSENGER VEHICLE
15.3.1 MARKET SIZE & FORECAST
15.3.2 MARKET BY GEOGRAPHY
15.4 COMMERCIAL VEHICLE
15.4.1 MARKET SIZE & FORECAST
15.4.2 MARKET BY GEOGRAPHY
16 SALES CHANNEL
16.1 MARKET SNAPSHOT & GROWTH ENGINE
16.2 MARKET OVERVIEW
16.3 OEM
16.3.1 MARKET SIZE & FORECAST
16.3.2 MARKET BY GEOGRAPHY
16.4 AFTERMARKET
16.4.1 MARKET SIZE & FORECAST
16.4.2 MARKET BY GEOGRAPHY
17 GEOGRAPHY
17.1 MARKET SNAPSHOT & GROWTH ENGINE
17.2 GEOGRAPHIC OVERVIEW
18 APAC
18.1 MARKET SIZE & FORECAST
18.2 MATERIAL TYPE
18.2.1 MARKET SIZE & FORECAST
18.3 HANDLE TYPE
18.3.1 MARKET SIZE & FORECAST
18.4 VEHICLE TYPE
18.4.1 MARKET SIZE & FORECAST
18.5 SALES CHANNEL
18.5.1 MARKET SIZE & FORECAST
18.6 KEY COUNTRIES
18.6.1 CHINA: MARKET SIZE & FORECAST
18.6.2 JAPAN: MARKET SIZE & FORECAST
18.6.3 INDIA: MARKET SIZE & FORECAST
18.6.4 SOUTH KOREA: MARKET SIZE & FORECAST
18.6.5 THAILAND: MARKET SIZE & FORECAST
19 EUROPE
19.1 MARKET SIZE & FORECAST
19.2 MATERIAL TYPE
19.2.1 MARKET SIZE & FORECAST
19.3 HANDLE TYPE
19.3.1 MARKET SIZE & FORECAST
19.4 VEHICLE TYPE
19.4.1 MARKET SIZE & FORECAST
19.5 SALES CHANNEL
19.5.1 MARKET SIZE & FORECAST
19.6 KEY COUNTRIES
19.6.1 GERMANY: MARKET SIZE & FORECAST
19.6.2 SPAIN: MARKET SIZE & FORECAST
19.6.3 FRANCE: MARKET SIZE & FORECAST
19.6.4 CZECH REPUBLIC: MARKET SIZE & FORECAST
19.6.5 SLOVAKIA: MARKET SIZE & FORECAST
20 NORTH AMERICA
20.1 MARKET SIZE & FORECAST
20.2 MATERIAL TYPE
20.2.1 MARKET SIZE & FORECAST
20.3 HANDLE TYPE
20.3.1 MARKET SIZE & FORECAST
20.4 VEHICLE TYPE
20.4.1 MARKET SIZE & FORECAST
20.5 SALES CHANNEL
20.5.1 MARKET SIZE & FORECAST
20.6 KEY COUNTRIES
20.6.1 US: MARKET SIZE & FORECAST
20.6.2 CANADA: MARKET SIZE & FORECAST
21 LATIN AMERICA
21.1 MARKET SIZE & FORECAST
21.2 MATERIAL TYPE
21.2.1 MARKET SIZE & FORECAST
21.3 HANDLE TYPE
21.3.1 MARKET SIZE & FORECAST
21.4 VEHICLE TYPE
21.4.1 MARKET SIZE & FORECAST
21.5 SALES CHANNEL
21.5.1 MARKET SIZE & FORECAST
21.6 KEY COUNTRIES
21.6.1 MEXICO: MARKET SIZE & FORECAST
21.6.2 BRAZIL: MARKET SIZE & FORECAST
22 MIDDLE EAST & AFRICA
22.1 MARKET SIZE & FORECAST
22.2 MATERIAL TYPE
22.2.1 MARKET SIZE & FORECAST
22.3 HANDLE TYPE
22.3.1 MARKET SIZE & FORECAST
22.4 VEHICLE TYPE
22.4.1 MARKET SIZE & FORECAST
22.5 SALES CHANNEL
22.5.1 MARKET SIZE & FORECAST
22.6 KEY COUNTRIES
22.6.1 GCC: MARKET SIZE & FORECAST
22.6.2 SOUTH AFRICA: MARKET SIZE & FORECAST
23 COMPETITIVE LANDSCAPE
23.1 COMPETITION OVERVIEW
24 COMPANY PROFILES
24.1 CI CAR INTERNATIONAL
24.1.1 BUSINESS OVERVIEW
24.1.2 PRODUCT OFFERINGS
24.2 DORMAN PRODUCTS
24.2.1 BUSINESS OVERVIEW
24.2.2 PRODUCT OFFERINGS
24.3 GUANGZHOU YISHAN AUTO PARTS
24.3.1 BUSINESS OVERVIEW
24.3.2 PRODUCT OFFERINGS
24.4 HUF
24.4.1 BUSINESS OVERVIEW
24.4.2 PRODUCT OFFERINGS
24.5 OMIX
24.5.1 BUSINESS OVERVIEW
24.5.2 PRODUCT OFFERINGS
24.6 QUADRATEC
24.6.1 BUSINESS OVERVIEW
24.6.2 PRODUCT OFFERINGS
24.7 MAGNA INTERNATIONAL
24.7.1 BUSINESS OVERVIEW
24.7.2 PRODUCT OFFERINGS
24.8 MINDA VAST ACCESS SYSTEMS
24.8.1 BUSINESS OVERVIEW
24.8.2 PRODUCT OFFERINGS
24.9 MITSUI MINING & SMELTING
24.9.1 BUSINESS OVERVIEW
24.9.2 PRODUCT OFFERINGS
24.10 KAKIHARA INDUSTRIES
24.10.1 BUSINESS OVERVIEW
24.10.2 PRODUCT OFFERINGS
24.11 SANDHAR
24.11.1 BUSINESS OVERVIEW
24.11.2 PRODUCT OFFERINGS
24.12 ILLINOIS TOOL WORKS
24.12.1 BUSINESS OVERVIEW
24.12.2 PRODUCT OFFERINGS
25 REPORT SUMMARY
25.1 KEY TAKEAWAYS
25.2 STRATEGIC RECOMMENDATIONS
26 QUANTITATIVE SUMMARY
26.1 MARKET BY GEOGRAPHY
26.2 APAC
26.2.1 MATERIAL TYPE
26.2.2 HANDLE TYPE
26.2.3 VEHICLE TYPE
26.2.4 SALES CHANNEL
26.3 EUROPE
26.3.1 MATERIAL TYPE
26.3.2 HANDLE TYPE
26.3.3 VEHICLE TYPE
26.3.4 SALES CHANNEL
26.4 NORTH AMERICA
26.4.1 MATERIAL TYPE
26.4.2 HANDLE TYPE
26.4.3 VEHICLE TYPE
26.4.4 SALES CHANNEL
26.5 LATIN AMERICA
26.5.1 MATERIAL TYPE
26.5.2 HANDLE TYPE
26.5.3 VEHICLE TYPE
26.5.4 SALES CHANNEL
26.6 MIDDLE EAST & AFRICA
26.6.1 MATERIAL TYPE
26.6.2 HANDLE TYPE
26.6.3 VEHICLE TYPE
26.6.4 SALES CHANNEL
26.7 MATERIAL TYPE
26.7.1 PLASTIC
26.7.2 CHROME/STEEL
26.7.3 OTHERS
26.8 HANDLE TYPE
26.8.1 MECHANICAL
26.8.2 AUTOMATIC
26.9 VEHICLE TYPE
26.9.1 PASSENGER VEHICLE
26.9.2 COMMERCIAL VEHICLE
26.10 SALES CHANNEL
26.10.1 OEM
26.10.2 AFTERMARKET
27 APPENDIX
27.1 ABBREVIATIONS
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