Automotive Door Handles Market 2023 – Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Market Size & Forecast 2030

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Automotive Door Handles Insights:

Automotive door handles are the outside and interior mechanisms that allow drivers and passengers to open and shut the doors of a vehicle. There are typically two sorts of door handles on a car: exterior and interior. Exterior door handles are located on the surface of the car and are used to open and shut the doors from the surface. They're usually attached to the door with bolts or screws and are connected to a latch mechanism inside the door. Interior door handles are located within the car and are used to open and shut the doors from within. They're typically attached to the door panel with screws or clips and are connected to the latch mechanism inside the door.

Different types of door handles are utilized in automobiles. Some examples include traditional lever-style handles, push-button handles, pull handles, and modern touch-activated handles. The sort of handle used may vary counting on the make and model of the vehicle. In recent years, some automakers have also started using keyless entry systems that allow drivers to open and shut their car doors without employing a physical key or door handle. Instead, these systems use electronic sensors and remote controls to unlock and lock the doors.

Automotive Door Handles Market

The automotive door handles market refers to the industry that manufactures and supplies door handles for automobiles driven by factors like the increasing demand for vehicles, technological advancements in door handle designs, the growing popularity of keyless entry systems, and the rise of electrical and autonomous vehicles that need new and innovative door handle solutions. The worldwide automotive door handles market size was valued at around $10.7 billion in 2022 and is predicted to succeed at approximately $15.8 billion by 2030, growing at a CAGR of around 5.0% during the forecast period (2023-2030).

The passenger car segment is predicted to dominate the market, followed by commercial and off-road vehicles. The metal material segment is predicted to carry the most important market share, due to its durability and high strength. Geographically, the Asia-Pacific region is predicted to carry the most important market share, driven by the increasing demand for vehicles in countries like China, Japan, and India, including the presence of major automotive manufacturers within the region.

The market is very competitive, with many manufacturers operating globally. A number of the key players within the market include Valeo, Kiekert AG, U-Shin Ltd., Magna International Inc., Brose Fahrzeugteile GmbH & Co. KG, and Aisin Seiki Co., Ltd.

Automotive Door Handles Market Growth Drivers:

The automotive door handles market is expanding because more people are buying cars which are especially true in emerging economies. It is also being fueled by the development of cutting-edge door handle technologies like keyless entry systems that provide vehicle owners with increased functionality, security, and convenience.

The increasing use of electric and autonomous vehicles is driving the demand for door handle solutions that are creative and technologically advanced and tailored to particular requirements. As more individuals fix and update their vehicles, the interest in post-retail door handles increases. Another factor driving the use of lightweight and environmentally friendly materials in automotive door handles is the growing emphasis on environmental regulations which has led to the creation of novel products meeting these requirements

Automotive Door Handles Market Segmentation:

1.       By Type: Exterior Door Handles, Interior Door Handles

2.       By Material: Plastic, Metal, Composites

3.       By Mechanism: Manual Door Handles, Electric Door Handles, Smart Door Handles

4.       By Vehicle Type: Passenger Cars, Commercial Vehicles, Off-Road Vehicles

5.       By Geography: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa

Automotive Door Handles Market by Type Segment Review

The exterior door handles segment is predicted to carry a bigger market share due to its higher demand within the market which has been evolving with time, and keyless entry systems are gaining traction within the market. The segment is predicted to carry the larger market share, accounting for around 60.0% in 2022, and is expected to grow at a CAGR of around 4.8% from 2023 to 2030.These handles are typically made of plastic, metal, or composites and can be manually operated or automated with a push button or a keyhole for locking and unlocking the car.Magna International, Kongsberg Automotive, Aisin Seiki Co., Ltd., Brose Fahrzeugteile GmbH & Co. KG, Continental AG, and Grupo Antolin are some prominent players in this segment.

Interior door handles are located within the vehicle and are used to open and shut the doors with a lock button or lever. The increasing adoption of electrical and autonomous vehicles is additionally expected to drive the demand for innovative and advanced door handle solutions. The segment is predicted to grow at a CAGR of around 5.2% from 2023 to 2030 with GNS America, GESTAMP Automoción, U-Shin Ltd., and Valeo SA as prominent players.

Automotive Door Handles Market by Material Segment Review

Plastic door handles are the foremost commonly used material, accounting for around 50.0% of the entire market share in 2022, and are expected to grow at a CAGR of around 4.2% from 2023 to 2030. These door handles are lightweight and affordable, making them a well-liked choice for manufacturers and consumersdue to their low cost and easy molding capabilities.Aisin Seiki Co., Ltd., U-Shin Ltd., Magna International, GNS America, Grupo Antolin, and Valeo SA are some major players in this segment offering a variety of designs and colors in plastic forms.

Metal door handles are known for their durability and strength, making them a well-liked choice for heavy-duty vehicles like trucks and buses or used in luxury or high-end vehicles where the focus is on aesthetics and durability. The segment is expected to grow with a CAGR of around 4.6% during the aforementioned period.Composites door handles are made using both plastic and metal allowing manufacturers to use the advantages of both materials, like the sturdiness of metal and the lightweight and affordability of plastic. Composite materials markets, such as carbon fiber or fiberglass are predicted to grow at a CAGR of 5.2% from 2023 to 2030, due to their high strength-to-weight ratio.

Automotive Door Handles Market by Mechanism Segment Review

Manual door handles are the foremost traditional and basic sort of door handles, where the driver or passenger uses their hand to physically pull or push the handle to open or close the door. They're still the foremost commonly used mechanismtypically made of plastic or metal, accounting for around 60.0% of the entire market share in 2022, growing at a CAGR of 3.5% from 2023-2030. Some major players in this segment include the likes of Aisin Seiki Co., Ltd., HufHülsbeck& Fürst GmbH & Co. KG, GNS America, U-Shin Ltd., and Kongsberg Automotive.

Electric door handles are equipped with sensors or buttons which can detect the presence of the driver or passenger and can be programmed to automatically unlock or lock the doors when the person approaches or leaves the vehicle. This segment is predicted to grow at a CAGR of 6.2% (2023-2030) with some prominent players such as Valeo SA, Brose Fahrzeugteile GmbH & Co. KG, Grupo Antolin, Magna International, and GESTAMP Automation working in this segment.

Smart door handles are equipped with advanced technologies like artificial intelligence (AI), biometric sensors, or face recognition software, which can detect the driver or passenger and automatically unlock the door without the necessity for physical interaction. These are the newest innovations with major players in the likes of Tesla, Inc., BMW Group, Audi AG, Ford Motor Company, and General Motors.

Automotive Door Handles Market by Vehicle Type Segment Review

Passenger cars are the foremost common sort of vehicle that use door handles, including sedans, hatchbacks, and coupes. This is the dominant segment, accounting for around 80.0% of the entire market share in 2022 at a CAGR of 4.8% (2023-2030) driven by the increasing demand for advanced technologies and innovative designs. Some of the prominent players in this segment include Aisin Seiki Co., Ltd., HufHülsbeck& Fürst GmbH & Co. KG, GNS America, U-Shin Ltd., and Kongsberg Automotive.

Commercial vehicles like trucks, vans, and buses also use door handles, but the mechanism and style of those door handles could be different from those utilized in passenger cars. This segment is predicted to grow at a CAGR of around 3.7% from 2023 to 2030. Valeo SA, Grupo Antolin, and Magna International are key market players in this segment. Off-road vehicles like SUVs and pickup trucks have door handles, but these door handles are typically more durable and rugged to face up to harsh conditions. They are equipped with door handles on each door as well as on the tailgate or liftgate .The general market of this segment is expected to grow with a CAGR of 5.2% during the aforementioned period.

Automotive Door Handles Market Regional Synopsis:

The North American region held 25.0% of the entire market share of the automotive door handles market, driven by the presence of major automobile manufacturers and increasing demand for luxury vehicles. The market size is predicted to grow at a CAGR of around 4.0% from 2023 to 2030 with Magna International, Aisin Seiki Co., Ltd., Kongsberg Automotive, and Valeo SA being some dominant players in the region.

The European region also held 22.0% of the entire market share of the automotive door handles market, fueled by the presence of major automobile manufacturers and increasing demand for electric vehicles. The market is predicted to grow at a CAGR of around 3.5% during the aforementioned perioddriven by the strong demand for luxury vehicles and advanced automotive technologies in the region.

The Asia-Pacific region is predicted to witness the very best CAGR of 4.5%, driven by the increasing demand for automobiles in countries like China and India. The rising income and changing lifestyle of consumers in this region also are expected to spice up the market growth. Kongsberg Automotive, Valeo SA, and Magna International are just a few of the major automotive door handle manufacturers based in China, which is the world's largest automotive market. There are many players in the Indian market, including Samvardhana Motherson Group, GNS America, Huf India Pvt.Ltd., and Fiem Industries Ltd.

Latin America along with the Middle East & African region is predicted to witness moderate growth of 3.5% to 4.0% due to the increasing demand for affordable vehicles and rising investments within the industry. Grupo Antolin, U-Shin Ltd., Valeo SA, Inteva Products LLC, and Kojima Industries Corporation are some prominent players in the countries such as Brazil, Mexico, Saudi Arabia, and South Africa.

Automotive Door Handles Market Key Challenges:

The cost of raw materials utilized in manufacturing automotive door handles, like steel, aluminum, and plastics, has been increasing in recent years, which may impact the profit margins of manufacturers. The automotive door handles market is very competitive, with numerous players operating within the market resulting in price wars and increased pressure on manufacturers to differentiate their products.

The automotive industry is consistently evolving, with new technologies being developed to enhance safety, convenience, and performance. Consumer preferences for vehicle design, style, and features also are constantly changing, which may impact the demand for specific sorts of door handles. Manufacturers must be ready to adapt to those changing developments and preferences to stay competitive.

Governments around the world are imposing stricter regulations on the automotive industry to scale back emissions, improve safety, and protect the environment which may impact the planning and manufacturing of automotive door handles, resulting in additional costs and challenges for manufacturers.

Automotive Door Handles Market Key Global Players:

Several factors influence the competitive landscape of the automotive door handles market including:

·         A company features a competitive advantage within the market if it can come up with novel door handle designs that improve functionality, safety, and convenience to satisfy changing customer demands.

·         With the assistance of the latest markets, technologies, and expertise, businesses that acquire or merge with other businesses can boost their market competitiveness.

·         Companies that have efficient and flexible manufacturing processes with a strong brand image and reputation for quality and reliability can feature a competitive advantage within the market.

·         Organizations that have a proficient and compelling circulation can get their items to showcase quicker, more dependably, and at a lower cost, which can give them a whip hand over competitors.

There are many significant players in the global market for automotive door handles, including:

·         Aisin Seiki Co., Ltd.

·         Audi AG

·         BMW Group

·         Brose Fahrzeugteile GmbH & Co. KG

·         Continental AG

·         DURA Automotive Systems

·         Fiem Industries Ltd.

·         Ford Motor Company

·         General Motors

·         GESTAMP Automoción

·         GNS America

·         Grupo Antolin

·         HufHülsbeck& Fürst GmbH & Co. KG

·         Huf India Pvt. Ltd.

·         Kongsberg Automotive

·         KSR International Co.

·         Magna International Inc.

·         SamvardhanaMotherson Group

·         Tesla, Inc.

·         U-Shin Ltd.

·         Valeo SA

·         ZF Friedrichshafen AG

These companies have a robust presence within the automotive industry and offer a good range of door handle products for various sorts of vehicles. They're also focused on research and development to enhance the standard and performance of their products and stay before the competition. Additionally, these companies also are expanding their global reach through strategic partnerships and acquisitions, which is predicted to further strengthen their position within the market. 

The report on the Automotive door handles market covers the following aspects:

·         Market Overview: A general overview of the global Automotive door handles market, including its current size and growth projections for the future.

·         Market Segmentation: A breakdown of the market by product type, material, mechanism, vehicle type, sales channel, and geographic region.

·         Market Dynamics: An analysis of the key drivers, challenges, and trends affecting the growth of the Automotive door handles market.

·         Competitive Landscape: A comprehensive analysis of the leading players in the Automotive door handles market, including their market share, product offerings, and key strategies.

·         Regional Analysis: A detailed analysis of the Automotive door handles market by geographic region, including market size, growth projections, and key trends for each region.

·         Company Profiles: In-depth profiles of key players in the Automotive door handles market, including their business overview, product offerings, financial performance, and recent developments.

·         Market Forecast: Projections for the future growth of the Automotive door handles market, including market size, growth rate, and key trends for the next five to ten years.

 

Attributes

Details

Base Year

2022

Trend Period

2018 – 2032

Forecast Period

2023 – 2030

Pages

215

Type Segment

Exterior Door Handles, Interior Door Handles

Material Segment

Plastic, Metal, Composites

Mechanism Segment

Manual Door Handles, Electric Door Handles, Smart Door Handles

Vehicle Type Segment

Passenger Cars, Commercial Vehicles, Off-Road Vehicles

Company Profiles

Magna International Inc., AISIN SEIKI Co., Ltd., KIRCHHOFF Automotive GmbH, DURA Automotive Systems, HufHülsbeck& Fürst GmbH & Co. KG, Brose Fahrzeugteile GmbH & Co. KG, ZF Friedrichshafen AG, Grupo Antolin-Irausa, S.A., U-Shin Ltd., and Others

Edition

4th edition

Publication

March 2023

 

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