The global demand for Vehicle Exterior Door Handles Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
A vehicular door handle is a lever or latch that is used to open or close the door. It is installed on both the inside and outside of the vehicle's door. Outside door handles protrude from the vehicle's surface, allowing the driver to open the door. The outside door handle can be used for both keyed and keyless entry. In addition to allowing users to open and close doors to access the vehicle, door handles improve the car's appearance and aerodynamics. Liftback and pull door handles are installed to align with the surface of the car doors, resulting in improved aerodynamics and attractiveness. A keyless entry pad with thumbprint recognition is included in luxury vehicles.
Market Dynamics
People nowadays buy cars that are more appealing to the eye; performance is no longer a single factor to consider. The public's increasing demand for sophisticated, classy-looking vehicles will likely boost the vehicle exterior door market. In addition, the demand for automotive door handles is increasing due to an increase in car sales thereby, augmenting the market growth further. The worldwide automotive door handles growth is also propelled by companies' increased attention to the design and aesthetics of the handles and vehicles. Emerging technology like remote-controlled or automatic doors in premium/luxury vehicles can hinder the market growth of exterior vehicle door handles over the years. Vehicle production and sales have declined due to the COVID-19 outbreak, which has led to a decline in the demand for vehicles and door handles, consequently affecting the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of vehicle exterior door handles. The growth and trends of vehicle exterior door handles industry provide a holistic approach to this study.
Market Segmentation
This section of the vehicle exterior door handles market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Aluminium
- Plastic
- Stainless Steel
- Others
By Application
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Vehicle Exterior Door Handles market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Vehicle Exterior Door Handles Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the vehicle exterior door handles market include U-Shin, Huf Group, ITW, ALPHA Corporation, Aisin, Magna, VAST, Grupo Antolin, Motherson, Xin Point Corporation, Sakae Riken Kogyo. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.