Persistence Market Research
Interior Door Handle Market: Overview
Door handles not only increase the comfort levels but also enhance the styling of the car. This is the reason why car designers emphasize on feel and look of interior door handles along with the comfort and safety requirements. The interior door handles play a major role in increasing the safety of the passengers as well as enriching the interior look of the car. The car designers face a challenge of integrating the two requirements, that is safety and look into one single entity.
Nowadays, extra components like lock mechanisms, speakers, and ambient lighting control buttons are being provided along with the door handles, as a part of the assembly, that is in the same housing as the door handle. Usually, interior door handles are made up of plastic or zinc and coated by powder coating, chrome plating or painting.
Interior Door Handle Market: Drivers and Restraints
With growing urbanization, the standard of living of the people is also increasing. Now, even the middle class people are able to afford the luxury. In return for their money, they demand not only comfort but also the good looks of the product they are buying. These demands of people are likely to the drive the Interior Door Handle Market because door handles provide not only comfort and safety but also rich looks. The new trend of incorporating additional components like ambient lighting control buttons, speakers and lock mechanisms in the same assembly as the door handle is attracting people to buy vehicles with these features in the door handles. With the growing demand for automation, now automotive interior door handles are also available in the market. These automotive interior door handles are likely to push the growth of Interior Door Handle Market further.
Interior Door Handle Market: Market Segmentation
Interior Door Handle Market is segmented into three types based on application type, product type, and region.
Based on the application type, Interior Door Handle Market is segmented into:-
Based on the product type, Interior Door Handle Market is segmented into:-
Based on the region, Interior Door Handle Market is segmented into:-
Interior Door Handle Market: Regional Outlook
Both in terms of sales and production, China as well as United States hold a strong position in the automotive industry. High sales of automobiles in the China as well as United States region is likely to boost the demand for interior door handles in these regions. Apart from these countries, the Asia Pacific region is estimated to be the fast growing market for the interior door handle.
Interior Door Handle Market is expected to be the fastest growing market, by volume with highest CAGR for Interior Door Handle in the forecast period 2017 to 2021. The reason behind this is that the Asia-Pacific region is the hub for the production of passenger cars and electric automobiles. The Asia-Pacific region is gradually being called the automobile manufacturing hub because of the ease of availability of raw materials and comparatively lower labor costs. Owing to high demand and significant vehicle production in China, China is estimated to show significant growth trends in the Interior Door Handle Market.
Interior Door Handle Market: Key Players
Some of the major players of the Interior Door Handle Market are:-
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