Global Automotive Door Handles Market Outlook Report 2022: A $7.98 Billion Market in 2027 – Technological Innovations in Smart Technologies Creating Opportunities – ResearchAndMarkets.com


Dublin–(business wire)–“Automotive Door Handle Market – Global Outlook and Forecast 2022-2027” report added of ResearchAndMarkets.com Recruitment.

The global automotive door handle market is expected to grow at a CAGR of 2.85% between 2021 and 2027.

Several factors are boosting the growth of the industry, such as the increase in passenger and commercial vehicles, and the increase in disposable income. Manufacturers have developed smart technology in their car door handles to offer hassle-free operation to car owners. Technological advances provide great opportunities for vendors to develop innovative door handles for vehicles.

Car doors are equipped with door handles for opening and closing. Several types of door handles are used in various doors and their functions. The automotive industry has seen constant innovation in design and technology. Globally, significant investments have been made in R&D and vehicle aerodynamics to ensure vehicle safety.

Moreover, China is the leading country in the global automotive door handle market. With heavy investment in this sector, the demand for improved vehicle parts is increasing, creating great opportunities for auto door he handle vendors. Over the past few years, rapid urbanization in various economies has significantly increased per capita income and increased demand for personal vehicles, thereby driving the automotive door handles market.

Market trends and drivers

The Rise of Automotive Door Handle Innovation

There have been constant changes in design and technology in the automotive industry. The latest features and designs have always superseded the old. In 2021, worldwide car sales will exceed 70 million.

In 2020, Amazon alone sold $12.2 billion worth of car care, spare parts and accessories products, followed by $1.9 billion in original equipment manufacturer (OEM) replacement products. This increase in vehicle sales provides more significant opportunities for automotive door handle manufacturers during the forecast period. OEM manufacturers also see the need for automotive door handle replacement, boosting the growth of the global automotive door handle market.

Versatility and aesthetics of automotive door handles

Car make and design play an important role when buying a car. There are times when people reject a car because it is badly designed or not aesthetically pleasing enough. Door handles are another important element that customers look for in their car design. The importance of car door handles is often overlooked. Multiple attempts have been made to improve the versatility and aesthetics of door handles.

Aesthetics tend to play an important role when it comes to decision making. Aesthetics play a key role in creating customer desire and influence to acquire vehicles, spare parts and replacements. Audi claims that aesthetics are up to 60% of the overall aspects of how customers make decisions. Such factors have contributed significantly to the growth of the global automotive door handle market.

Industry limit

Supply chain disruptions in the automotive industry

Currently, massive shortages of raw materials such as steel are impacting the automotive sector. This shortage causes problems such as the high cost of raw materials, leading to the complete shutdown of manufacturing units. Companies are facing a decline in sales volume as raw material shortages force companies to cut some of the key electronic features that add value to their products.

segment analysis

Insights by material type

The global automotive door handle market by material type has been segmented into plastic, chrome/steel, and others. The plastic auto door handle market accounts for the highest revenue share of 62.03%.

Several factors have increased the demand for plastic car door handles in several countries. The automotive sector is gradually gaining momentum, increasing the total demand for automotive materials and products. One of the main reasons for the increasing use of plastics in automotive doors is to treat their high resistance to erosion from exposure to chemicals and elements.

The global chrome/steel automotive door handles market is growing at a CAGR of 2.65% during the forecast period.

Chrome stainless steel is a wear resistant, naturally corrosion resistant and low maintenance material. Regardless of strength or frequency of use, it shows almost no marks of scratches or dents even after many years. Stainless steel automotive door handles therefore require little or no maintenance.

Insights by handle type

The global mechanical automotive door handles market is valued at USD 4.14 billion in 2021. Mechanical automotive door handles dominated the industry due to their wide adoption worldwide and high compatibility with all common door types. These door handles come in several types such as lever handles, push button and pull type handles. The growth of automotive mechanical door handles is proportional to the installation of manual doors.

Rising demand for dynamic, multiple-option door opening mechanisms is a major factor driving the growth of the automatic door handle industry. The global automotive automatic door handles market is estimated to grow at a CAGR of 3.34% during the forecast period.

Insights by vehicle type

The global automotive door handles market by vehicle type is divided into passenger vehicles and commercial vehicles. The passenger car market held a market share of 68.11% in 2021.

It is estimated to grow at a CAGR of 2.64% from 2022 to 2027. A passenger car is a vehicle that is primarily used to transport passengers. In developed countries, passenger cars are the most common means of transportation. Rising per capita income has led to an increase in the number of passenger vehicles in developing countries, driving the industry.

Technological advancements such as the integration of electric vehicle (EV) charging station systems with real-time information solutions and the Internet of Things (IoT) drive the growth of the passenger car market and ultimately the automotive door handle market.

Insights by sales channel

The OEM segment is expected to be the largest sales channel in the global automotive door handle market, expected to reach USD 6.7 billion by 2027.

OEMs on the market manufacture replacement parts for automotive door handles. One of the most important advantages of OEM components is their ability to be customized according to OEM specifications. Customers can safely assume that they will receive only quality components designed for their vehicle brand, make and model.

geographic analysis

The global automotive door handle market has many companies operating in key regions of the world. APAC is the largest industry for automotive door handles, expected to exceed USD 3.34 billion by 2027.

The automotive sector in the region has grown significantly due to continued industrialization, low cost labor and abundant availability of raw materials in the region, driving the demand for automotive door handles in the APAC region to It is rising. In 2021, China has emerged as the leading automotive door handle market in the Asia-Pacific region, accounting for her 55.81% revenue share.

Regions such as North America and Europe have established stringent emission regulations, which have impacted the automotive industry, and are projected to drive the North American and European automotive industry in the coming years.

Additionally, North America and Europe are home to many major automakers such as Ford (US), Audi (Germany), BMW (Germany), Fiat (UK), Renault (France), and GM (US). Countries such as United States, United Kingdom, Germany, Spain, and France are the developed countries that are driving the automotive door handle market owing to the availability of skilled labor force.

competitive landscape

The competition among players in the global automotive door handles market is very fierce. Rapidly changing technology and environmental regulations can negatively impact businesses, and customers expect continuous innovation and upgrades in their automotive door handle products.

In the current scenario, companies must change and refine their own value propositions to achieve a strong industry presence. Competing parameters in the automotive door handle market are product portfolio, product quality, geographical presence, brand image, cost differentiation and others.

Technological advances and increasing product lines make the industry more competitive. Therefore, manufacturers must regularly launch new or improved automotive door handles, adapt to ever-changing market trends, and survive in a highly competitive environment.

market dynamics

Market opportunities and trends

  • The Rise of Automotive Door Handle Innovation

  • Improving vehicle aerodynamics

  • Growing interest in vehicle safety

Factors enabling market growth

  • Rapid urbanization and middle-income population growth

  • Increasing demand for passenger cars in emerging countries

  • Versatility and aesthetics of automotive door handles

market constraints

  • Supply chain disruptions in the automotive industry

  • Highly fragmented marketplace

Company Profile

  • CI Car International

  • doman products

  • Guangzhou Yishan Auto Parts

  • huff

  • omit

  • Quadratec

  • Magna International

  • Minda VAST Access System

  • Mitsui Kinzoku Mining

  • Kakihara Industry

  • thunder

  • Illinois Tool Works

For more information on this report, please visit https://www.researchandmarkets.com/r/lyy4v0.

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