Global Vehicle Exterior Door Handle Market By Type, By Application, By Region: Global & Segmental Insights, Growth, Size, Trends and Forecast, 2023 – 2031
- Industry: Automotive & Transportation
- Report ID: TNR-110-110-935
- Number of Pages: 420
- Table/Charts : Yes
- November, 2023
- Base Year : 2024
- No. of Companies : 10+
- No. of Countries : 29
- Views : 10238
- Covid Impact Covered: Yes
- War Impact Covered: Yes
- Formats : PDF, Excel, PPT
Global Vehicle Exterior Door Handle Market was valued at US$ 5.8 Billion in 2022, growing at an estimated CAGR of 5.3% from 2023-2031.
A vehicle exterior door handle is a functional component allowing entry to a car. Positioned outside the vehicle, it’s operated to unlatch and open the door. Modern designs integrate sensors and keyless entry systems for convenience. Materials like plastic, metal, and chrome are used for durability and aesthetics.
Plastic vehicle exterior door handles dominates the market due to their cost-effectiveness, versatility, and ease of manufacturing. Plastic handles are commonly used in various vehicle segments, particularly in mass-market vehicles. Their lightweight construction and design flexibility contribute to their widespread adoption across different vehicle models.
Global Vehicle Exterior Door Handle Market Revenue & Forecast, (US$ Million), 2015 – 2031
COVID-19 Impact Analysis on Global Vehicle Exterior Door Handle Market
Before COVID-19, the vehicle exterior door handle market was driven by steady demand for vehicles and evolving design trends. However, the pandemic disrupted supply chains and temporarily impacted manufacturing. Post-COVID-19, as industries recover, the market rebounded with a renewed focus on touchless technologies, enhancing keyless entry systems, and integrating sensors for hygiene-conscious consumers, driving innovation in door handle designs.
The automotive industry’s growth directly influences vehicle exterior door handle market, which is driven by factors such as increasing global demand due to population growth and urbanization. In 2022, over 85 million vehicles were produced worldwide (OICA). Additionally, the shift towards electric vehicles, with a 40% increase in EV sales in 2022 (IEA), and advancements in autonomous driving technology are the key drivers. These factors, along with rising incomes and connectivity features, support the industry’s growth. Supply chain disruptions impact the vehicle exterior door handle market.
The pandemic revealed vulnerabilities, causing production delays. Automotive News reported that semiconductor shortages affected various vehicle components. Supply chain complexities, geopolitical tensions, or unforeseen events hinder manufacturing. As door handles are integral, disruptions cause ripple effects, constraining timely deliveries and affecting vehicle assembly. Balancing supply chain resilience and demand remains crucial to mitigate restraints on market growth.
OEM applications dominate the global vehicle exterior door handle market. Automakers incorporate door handles during vehicle production, making it a standard part of new vehicles. According to a report by Automotive World, OEMs are critical contributors to the automotive supply chain. Their consistent demand for door handles, driven by vehicle manufacturing volumes, establishes their dominance in this market segment.
Asia Pacific dominated the global vehicle exterior door handle market in 2022 due to its significant contribution to global automotive manufacturing. Countries like China, Japan, and South Korea play a pivotal role in producing vehicles and components. The region’s large-scale automotive production establishes its dominance in demand for exterior door handles.
Competitive Landscape
The report provides both, qualitative and quantitative research of global vehicle exterior door handle market, as well as provides comprehensive insights and development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and details on the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by these major market participants are also recognized and analyzed in the report. For each company, the report studies their global presence, competitors, service offerings and specification amongst others.
Some of the players operating in the global vehicle exterior door handle market are
- ADAC Automotive
- AISIN CORPORATION
- ALPHA Corporation
- Huf Hulsbeck & Furst GmbH & Co. KG
- Illinois Tool Works Inc.
- Kiekert
- Magna International Inc.
- Marquardt Management SE
- MinebeaMitsumi Inc.
- Motherson
- Sakae Riken Kogyo Co.,Ltd.
- WITTE Automotive
- Other Industry Participants
Report Summary of Global Vehicle Exterior Door Handle Market
Report Specifications | Details |
Market Revenue in 2022 | US$ 5.8 Billion |
Market Size Forecast by 2031 | US$ 9.04 Billion |
Growth Rate (CAGR) | 5.3% |
Historic Data | 2015 – 2021 |
Base Year for Estimation | 2022 |
Forecast Period | 2023 – 2031 |
Report Inclusions | Market Size & Estimates, Market Dynamics, Competitive Scenario, Trends, Growth Factors, Market Determinants, Key Investment Segmentation, Product/Service/Solutions Benchmarking |
Segments Covered | By Type, By Application |
Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
Countries Covered | U.S., Canada, Mexico, Rest of North America, France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific, Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa, Brazil, Argentina, Rest of Latin America |
Key Players | ADAC Automotive, AISIN CORPORATION, ALPHA Corporation, Huf Hulsbeck & Furst GmbH & Co. KG, Illinois Tool Works Inc., Kiekert, Magna International Inc., Marquardt Management SE, MinebeaMitsumi Inc., Motherson, Sakae Riken Kogyo Co.,Ltd., WITTE Automotive, Other Industry Participants |
Customization Scope | Customization allows for the inclusion/modification of content pertaining to geographical regions, countries, and specific market segments. |
Pricing & Procurement Options | Explore purchase options tailored to your specific research requirements |
Contact Details | Consult With Our Expert
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Global Vehicle Exterior Door Handle Market:
By Type
- Aluminium
- Plastic
- Stainless Steel
- Others
By Application
- OEM
- Aftermarket
By Region
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
Report Coverage and Deliverables:
Table of Contents
**Exclusive for Multi-User and Enterprise User.
Global Vehicle Exterior Door Handle Market Segmentation
By Type
By Application
By Region
**Note: The report covers cross-segmentation analysis by region further into countries
The Niche Research approach encompasses both primary and secondary research methods to provide comprehensive insights. While primary research is the cornerstone of our studies, we also incorporate secondary research sources such as company annual reports, premium industry databases, press releases, industry journals, and white papers.
Within our primary research, we actively engage with various industry stakeholders, conducting paid interviews and surveys. Our meticulous analysis extends to every market participant in major countries, allowing us to thoroughly examine their portfolios, calculate market shares, and segment revenues.
Our data collection primarily focuses on individual countries within our research scope, enabling us to estimate regional market sizes. Typically, we employ a bottom-up approach, meticulously tracking trends in different countries. We analyze growth drivers, constraints, technological innovations, and opportunities for each country, ultimately arriving at regional figures.Our process begins by examining the growth prospects of each country. Building upon these insights, we project growth and trends for the entire region. Finally, we utilize our proprietary model to refine estimations and forecasts.
Our data validation standards are integral to ensuring the reliability and accuracy of our research findings. Here’s a breakdown of our data validation processes and the stakeholders we engage with during our primary research:
- Supply Side Analysis: We initiate a supply side analysis by directly contacting market participants, through telephonic interviews and questionnaires containing both open-ended and close-ended questions. We gather information on their portfolios, segment revenues, developments, and growth strategies.
- Demand Side Analysis: To gain insights into adoption trends and consumer preferences, we reach out to target customers and users (non-vendors). This information forms a vital part of the qualitative analysis section of our reports, covering market dynamics, adoption trends, consumer behavior, spending patterns, and other related aspects.
- Consultant Insights: We tap into the expertise of our partner consultants from around the world to obtain their unique viewpoints and perspectives. Their insights contribute to a well-rounded understanding of the markets under investigation.
- In-House Validation: To ensure data accuracy and reliability, we conduct cross-validation of data points and information through our in-house team of consultants and utilize advanced data modeling tools for thorough verification.
The forecasts we provide are based on a comprehensive assessment of various factors, including:
- Market Trends and Past Performance (Last Five Years): We accurately analyze market trends and performance data from preceding five years to identify historical patterns and understand the market’s evolution.
- Historical Performance and Growth of Market Participants: We assess the historical performance and growth trajectories of key market participants. This analysis provides insights into the competitive landscape and individual company strategies.
- Market Determinants Impact Analysis (Next Eight Years): We conduct a rigorous analysis of the factors that are projected to influence the market over the next eight years. This includes assessing both internal and external determinants that can shape market dynamics.
- Drivers and Challenges for the Forecast Period:Identify the factors expected to drive market growth during the forecast period, as well as the challenges that the industry may face. This analysis aids in deriving an accurate growth rate projection.
- New Acquisitions, Collaborations, or Partnerships: We keep a close watch on any new acquisitions, collaborations, or partnerships within the industry. These developments can have a significant impact on market dynamics and competitiveness.
- Macro and Micro Factors Analysis:A thorough examination of both macro-level factors (e.g., economic trends, regulatory changes) and micro-level factors (e.g., technological advancements, consumer preferences) that may influence the market during the forecast period.
- End-User Sentiment Analysis: To understand the market from the end-user perspective, we conduct sentiment analysis. This involves assessing the sentiment, preferences, and feedback of the end-users, which can provide valuable insights into market trends.
- Perspective of Primary Participants: Insights gathered directly from primary research participants play a crucial role in shaping our forecasts. Their perspectives and experiences provide valuable qualitative data.
- Year-on-Year Growth Trend: We utilize a year-on-year growth trend based on historical market growth and expected future trends. This helps in formulating our growth projections, aligning them with the market’s historical performance.
Research process adopted by TNR involves multiple stages, including data collection, validation, quality checks, and presentation. It’s crucial that the data and information we provide add value to your existing market understanding and expertise. We have also established partnerships with business consulting, research, and survey organizations across regions and globally to collaborate on regional analysis and data validation, ensuring the highest level of accuracy and reliability in our reports.