Automotive hood lock is a component of the bonnet lock and latches assembly and purposes to grip the spring pawl and latch from moving. Hood locks are the mechanisms that protect the bonnet or hood, and confirm the security of under-the-bonnet components; hence the necessity of the automotive hood lock are boosting the growth of the market. An increase in automotive vehicle manufacturing is driving the growth of the automotive hood lock market.
MARKET DYNAMICS
Automotive hood lock restricts the bonnet from opening without unlocked and keeps against unintended bonnet detachment, though the vehicle is moving. Growing safety concerns in vehicles result in a high demand for automotive hood locks that driving growth of the automotive hood lock market globally. Replacement of the hood locks are also contributing to the growth of the automotive hood lock market. Rapid growth in the automotive sector led to an increase in the production of vehicles that are expected to drive the growth of the automotive hood lock market. Whereas, issues such as limited accessibility to engine components is expected to restrain market growth during the forecast period.
MARKET SCOPE
The "Global Automotive Hood Lock Market Analysis to 2028" is a specialized and in-depth study of the automotive hood lock Market with a special focus on the global market trend analysis. The report aims to provide an overview of automotive hood lock market with detailed market segmentation by type, application. The global automotive hood lock market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive hood lock market player and offers key trends and opportunities in the automotive hood lock market.
MARKET SEGMENTATION
The global automotive hood lock market is segmented on the basis of type and application. On the basis of type the market is segmented as, cast iron, stainless steel and other. Further, on the basis of application the market is bifurcated as, passenger car and commercial vehicle.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive hood lock market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive hood lock market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting automotive hood lock Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automotive hood lock market in these regions.
MARKET PLAYERS
The reports cover key developments in the automotive hood lock market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from automotive hood lock market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive hood lock market. Below mentioned is the list of few companies engaged in the automotive hood lock market.
The report also includes the profiles of key automotive hood lock market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Dura Auto India Pvt Ltd
- YoungWoo Tech
- Dorman
- Witte Automotive
- Shivani Locks Pvt. Ltd
- Aisin Seiki
- Aditya Auto
- Crown Automotive
- Magal Engineering Co India Pvt Ltd
- Pyeong Hwa
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.