Automotive Locking Retractors Market CAGR and Trends 2031
The automotive locking retractors market is expected to register a CAGR of 4.5% during 2023–2031. The integration of advanced technologies in smart locking system is likely to remain a key trend in the market.
Automotive Locking Retractors Market Analysis
- The factors that are anticipated to drive the Automotive Locking Retractors market are stringent safety regulations, increasing consumer awareness about vehicle safety, and advancements in Automotive Locking Retractors technology. Door latch in vehicles plays a crucial role in enhancing the overall safety of the modern vehicles. Several manufacturers are producing their vehicles with advanced locking retractor design. For instance, TRW Automotive Holdings launched FS1 retractor that uses the forward movement for the occupant’s safety. It is used for rear and front seat applications that uses buckles and anchor pretensioners.
Automotive Locking Retractors Market Overview
- The automotive locking retractors is an important vehicle component, providing safety, security, and user convenience. Rising economies in developing countries and the expansion of the automotive industry have increased the demand for automobiles. Adoption of technological advancement, customer changing preference for luxury, and increased demand for customized and personalized automobiles provide growth for the Automotive Locking Retractors market.
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Automotive Locking Retractors Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Automotive Locking Retractors Market: Strategic Insights
Naveen
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Automotive Locking Retractors Market Drivers and Opportunities
Increased Sales of Luxury Vehicles
- Luxury automobile manufacturers are increasingly driving the evolution by integrating sophisticated automatic safety technologies, including Automotive Locking retractors, into their vehicles to ensure passenger safety and comply with the stringent automotive safety regulations. As per the latest Automotive Industry Associations report, in India, more than 47,000 luxury vehicles were sold in 2023, which increased by 21% compared to 2022. BMW and Mercedes-Benz announced increased sales in 2023 by 10-15% compared to 2022. With the expansion of automotive industries over the globe, the awareness of safety and security has increased. Customer demand for safety features has increased, resulting in the market increase. As to the growth in several accidents, the government has mandated the installation of Automotive Locking Retractors in automobiles.
- Automotive locking retractors technology has a high potential market in the luxury automobile segment, which has a significant share in the global passenger automobile market, owing to increased awareness about safety aspects in automobiles and increased government policies and norms related to vehicular safety.
Technological Advancements in Automobiles
- The automotive industry has changed with continuous technological innovations. The demand for autonomous and connected cars has been increasing due to awareness of safety with emergence of autonomous driving systems. With the evolving sensor technology, the Automotive Locking Retractors system is become more safe, accurate, reliable, and efficient. An increase in demand for smart tires and growing safety features in autonomous vehicles has provided growth to Automotive Locking Retractors market.
- The Automotive Locking Retractors is a component of the door system, designed to securely lock and unlock the doors. An increase in disposable income and industrialization has led to demand for automobiles. Emerging technologies such as smart sensors and touch-enables locking systems are driving the market for Automotive Locking Retractor. Demand for customized and personalized upgradation in vehicles is increasing which has resulted in the rising demand for advanced door latches.
- The market for Automotive Locking Retractors is increasing significantly with a combination of safety and security requirements, technological advancements, and evolving customer preferences.
Automotive Locking Retractors Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Automotive Locking Retractors market analysis are type, and vehicle type.
- Based on the type, the market is segmented into automatic retractor and manual retractor.
- Depending upon vehicle type, the market is divided into passenger cars, light commercial vehicles, heavy commercial vehicles.
Automotive Locking Retractors Market Share Analysis by Geography
- Automotive Locking Retractors market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Automotive Locking Retractors market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the Automotive Locking Retractors market in these regions.
Automotive Locking Retractors Market Report Scope
Automotive Locking Retractors Market News and Recent Developments
The Automotive Locking Retractors market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Automotive Locking Retractors market are listed below:
- PTI Security Systems, part of ASSA ABLOY Global Solutions and the global leader in self-storage access control technologies, announced its first product launch of 2024 today. The ProEdge smart latch integrates with PTI’s StorLogix Cloud for real-time access data, advanced security monitoring, and overlock capability. Its durable stainless-steel build ensures long battery life and all-weather reliability. (Source: Press Release, February 2024)
Automotive Locking Retractors Market Report Coverage and Deliverables
The “Automotive Locking Retractors Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Automotive Locking Retractors market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive Locking Retractors market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Automotive Locking Retractors market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Automotive Locking Retractors market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global Automotive Locking Retractors market is expected to grow at a CAGR of 4.5% during the forecast period 2023 - 2031.
The increasing sales of luxury cars with the surge in demand for safety in the automotive industry are the major factors driving the Automotive Locking Retractors market.
The integration of advanced technologies in smart locking system is likely to remain a key trend in the market.
The leading players operating in the Automotive Locking Retractors market include AISIN SEIKI Co., Ltd., Brose Fahrzeugteile GmbH & Co. KG, EBERHARD, GECOM Corporation, IFB Automotive Private Limited, Inteva Products, Kiekert AG, Magna International Inc., Minda VAST Access Systems Pvt.and others.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3–5 company profiles and a country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
Table of Contents
1 INTRODUCTION
1.1 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2 KEY TAKEAWAYS
3 AUTOMOTIVE LOCKING RETRACTORS MARKET LANDSCAPE
3.1 OVERVIEW
3.2 MARKET SEGMENTATION
3.2.1 Automotive Locking Retractors Market - By Type
3.2.2 Automotive Locking Retractors Market - By Vehicle Type
3.2.3 Automotive Locking Retractors Market - By Region
3.2.3.1 By Countries
3.3 PEST ANALYSIS
3.3.1 North America - PEST Analysis
3.3.2 Europe - PEST Analysis
3.3.3 Asia Pacific (APAC) - PEST Analysis
3.3.4 Middle East & Africa (MEA) - PEST Analysis
3.3.5 South America (SAM)- PEST Analysis
4 AUTOMOTIVE LOCKING RETRACTORS MARKET - KEY INDUSTRY DYNAMICS
4.1 KEY MARKET DRIVERS
4.2 KEY MARKET RESTRAINTS
4.3 KEY MARKET OPPORTUNITIES
4.4 FUTURE TRENDS
4.5 PAYMENT TECHNOLOGY TREND ANALYSIS
4.6 IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
5 AUTOMOTIVE LOCKING RETRACTORS MARKET - GLOBAL MARKET ANALYSIS
5.1 AUTOMOTIVE LOCKING RETRACTORS - GLOBAL MARKET OVERVIEW
5.2 AUTOMOTIVE LOCKING RETRACTORS - GLOBAL MARKET AND FORECAST TO 2028
6 AUTOMOTIVE LOCKING RETRACTORS MARKET REVENUE AND FORECASTS TO 2028 -TYPE
6.1 OVERVIEW
6.2 TYPE MARKET FORECASTS AND ANALYSIS
6.3 MANUAL LOCKING RETRACTORS MARKET
6.3.1 Overview
6.3.2 Manual Locking Retractors market forecast and analysis
6.4 AUTOMATIC LOCKING RETRACTORS MARKET
6.4.1 Overview
6.4.2 Automatic Locking Retractors market forecast and analysis
6.5 EMERGENCY LOCKING RETRACTORS MARKET
6.5.1 Overview
6.5.2 Emergency Locking Retractors market forecast and analysis
7 AUTOMOTIVE LOCKING RETRACTORS MARKET REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
7.1 OVERVIEW
7.2 VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
7.3 PASSENGER VEHICLES MARKET
7.3.1 Overview
7.3.2 Passenger Vehicles market forecast and analysis
7.4 HEAVY COMMERCIAL VEHICLES MARKET
7.4.1 Overview
7.4.2 Heavy Commercial Vehicles market forecast and analysis
7.5 LIGHT COMMERCIAL VEHICLES MARKET
7.5.1 Overview
7.5.2 Light Commercial Vehicles market forecast and analysis
8 AUTOMOTIVE LOCKING RETRACTORS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
8.1 NORTH AMERICA
8.1.1 North America Automotive Locking Retractors Market Overview
8.1.2 North America Automotive Locking Retractors Market Forecasts and Analysis
8.1.3 North America Market Forecasts and Analysis - By Countries
8.1.3.1 US market
8.1.3.2 Canada market
8.1.3.3 Mexico market
8.1.4 North America Market Forecasts and Analysis - By Type
8.1.5 North America Market Forecasts and Analysis - By Vehicle Type
8.2 EUROPE
8.2.1 Europe Automotive Locking Retractors Market Overview
8.2.2 Europe Automotive Locking Retractors Market Forecasts and Analysis
8.2.3 Europe Market Forecasts and Analysis - By Countries
8.2.3.1 France market
8.2.3.2 Germany market
8.2.3.3 Russia market
8.2.3.4 UK market
8.2.3.5 Rest of Europe
8.2.4 Europe Market Forecasts and Analysis - By Type
8.2.5 Europe Market Forecasts and Analysis - By Vehicle Type
8.3 ASIA PACIFIC (APAC)
8.3.1 Asia Pacific Automotive Locking Retractors Market Overview
8.3.2 Asia Pacific Automotive Locking Retractors Market Forecasts and Analysis
8.3.3 Asia Pacific Market Forecasts and Analysis - By Countries
8.3.3.1 China market
8.3.3.2 India market
8.3.3.3 Japan market
8.3.3.4 Rest of APAC
8.3.4 Asia Pacific Market Forecasts and Analysis - By Type
8.3.5 Asia Pacific Market Forecasts and Analysis - By Vehicle Type
8.4 MIDDLE EAST AND AFRICA (MEA)
8.4.1 Middle East and Africa Automotive Locking Retractors Market Overview
8.4.2 Middle East and Africa Automotive Locking Retractors Market Forecasts and Analysis
8.4.3 Middle East and Africa Market Forecasts and Analysis - By Countries
8.4.3.1 South Africa market
8.4.3.2 Saudi Arabia market
8.4.3.3 UAE market
8.4.3.4 Rest of MEA
8.4.4 Middle East and Africa Market Forecasts and Analysis - By Type
8.4.5 Middle East and Africa Market Forecasts and Analysis - By Vehicle Type
8.5 SOUTH AMERICA (SAM)
8.5.1 South America Automotive Locking Retractors Market Overview
8.5.2 South America Automotive Locking Retractors Market Forecasts and Analysis
8.5.3 South America Market Forecasts and Analysis - By Countries
8.5.3.1 Brazil market
8.5.3.2 Rest of SAM
8.5.4 South America Market Forecasts and Analysis - By Type
8.5.5 South America Market Forecasts and Analysis - By Vehicle Type
9 INDUSTRY LANDSCAPE
9.1 MERGERS & ACQUISITIONS
9.2 MARKET INITIATIVES
9.3 NEW DEVELOPMENTS
9.4 INVESTMENT SCENARIOS
10 COMPETITIVE LANDSCAPE
10.1 COMPETITIVE PRODUCT MAPPING
10.2 MARKET POSITIONING/ MARKET SHARE
11 AUTOMOTIVE LOCKING RETRACTORS MARKET, KEY COMPANY PROFILES
11.1 BAS NW LTD
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Financial Overview
11.1.4 SWOT Analysis
11.1.5 Key Developments
11.2 DAIMLER AG
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Financial Overview
11.2.4 SWOT Analysis
11.2.5 Key Developments
11.3 VELM
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Financial Overview
11.3.4 SWOT Analysis
11.3.5 Key Developments
11.4 FASCHING SALZBURG GMBH
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Financial Overview
11.4.4 SWOT Analysis
11.4.5 Key Developments
11.5 DAIMLER AG
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Financial Overview
11.5.4 SWOT Analysis
11.5.5 Key Developments
11.6 BEAM'S SEATBELTS
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Financial Overview
11.6.4 SWOT Analysis
11.6.5 Key Developments
11.7 CHANGZHOU WANGCHAO VEHICLE CO., LTD.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Financial Overview
11.7.4 SWOT Analysis
11.7.5 Key Developments
11.8 AMERICAN SEATING
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Financial Overview
11.8.4 SWOT Analysis
11.8.5 Key Developments
11.9 HORNLING INDUSTRIAL INC.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Financial Overview
11.9.4 SWOT Analysis
11.9.5 Key Developments
11.10 XS SCUBA
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Financial Overview
11.10.4 SWOT Analysis
11.10.5 Key Developments
12 APPENDIX
12.1 ABOUT THE INSIGHT PARTNERS
12.2 GLOSSARY OF TERMS
12.3 RESEARCH METHODOLOGY
The List of Companies
1. BAS NW Ltd
2. Daimler AG
3. VELM
4. Fasching Salzburg GmbH
5. Daimler AG
6. Beam's Seatbelts
7. Changzhou Wangchao Vehicle Co., Ltd.
8. American Seating
9. Hornling Industrial Inc.
10. XS Scuba
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
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- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
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Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
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- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
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- Data Triangulation and Final Review:
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