The global vehicle exterior door handle market is expected to witness growth owing to an increase in vehicle production and a rise in the focus on aesthetics & design. Moreover, there is a rise in the integration of advanced systems such as phones as a key system, which primarily relies on the vehicle's proximity sensors and the smartphone's Bluetooth or Near Field Communication (NFC) capabilities. When the authorized smartphone is within a certain range of the vehicle, the sensors of the vehicle detect its presence and the smartphone app communicates with the car's onboard computer to perform actions such as unlocking the doors and starting the vehicle.
The development of biometric and gesture recognition technologies is a significant driver for the vehicle exterior door handle market. These cutting-edge technologies offer innovative ways to enhance vehicle access and security, transforming the traditional door handle into a sophisticated and futuristic component. Biometric technologies, such as fingerprint scanners or facial recognition systems, provide a highly secure and personalized method of accessing vehicles. By authenticating the driver's identity through unique biometric data, the door handle ensures that only authorized individuals unlock and operate the vehicle, significantly reducing the risk of theft or unauthorized access. Biometric door handle systems eliminate the need for traditional keys or key fobs. Gesture recognition technologies enable touchless interaction with the door handle. Manufacturers install such systems in vehicles that detect specific hand movements or gestures.
For instance, the Volvo XC40 Recharge Pure Electric model developed by Volvo Car Corporation features keyless locking and unlocking function with touch-sensitive surfaces. This feature provides a convenient and modern way for users to access and secure their vehicles without using traditional key buttons. The outside of the door handles contains a recess for locking, while the inside contains a touch-sensitive surface for unlocking. To lock the car, users simply touch the outside of the door handle, which contains a recessed area specifically designed for locking. Similarly, to unlock the car, users need to only touch the inside of the door handle, where a touch-sensitive surface is located for this purpose.
The vehicle exterior door handle market is segmented on the basis of type, material, distribution channel, vehicle class, and region. By type, it is categorized into pull up handle, pull out handle, flush door handle, and others. By material, it is fragmented into aluminum, plastic, stainless steel, and others. By distribution channel, it is bifurcated into OEM and aftermarket. By vehicle class, it is divided into sedan, hatchback, SUV, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players in the vehicle exterior door handle market are ALPHA Corporation, Magna International, Inc., ITW (Illinois Tool Works), Aisin Corporation, Motherson, Huf Hülsbeck & Fürst GmbH & Co. KG, Sakae Riken Kogyo Co.,Ltd, MinebeaMitsumi, Inc., Witte Automotive, ADAC Automotive, Marquardt Management SE, and Kiekert AG.
The development of biometric and gesture recognition technologies is a significant driver for the vehicle exterior door handle market. These cutting-edge technologies offer innovative ways to enhance vehicle access and security, transforming the traditional door handle into a sophisticated and futuristic component. Biometric technologies, such as fingerprint scanners or facial recognition systems, provide a highly secure and personalized method of accessing vehicles. By authenticating the driver's identity through unique biometric data, the door handle ensures that only authorized individuals unlock and operate the vehicle, significantly reducing the risk of theft or unauthorized access. Biometric door handle systems eliminate the need for traditional keys or key fobs. Gesture recognition technologies enable touchless interaction with the door handle. Manufacturers install such systems in vehicles that detect specific hand movements or gestures.
For instance, the Volvo XC40 Recharge Pure Electric model developed by Volvo Car Corporation features keyless locking and unlocking function with touch-sensitive surfaces. This feature provides a convenient and modern way for users to access and secure their vehicles without using traditional key buttons. The outside of the door handles contains a recess for locking, while the inside contains a touch-sensitive surface for unlocking. To lock the car, users simply touch the outside of the door handle, which contains a recessed area specifically designed for locking. Similarly, to unlock the car, users need to only touch the inside of the door handle, where a touch-sensitive surface is located for this purpose.
The vehicle exterior door handle market is segmented on the basis of type, material, distribution channel, vehicle class, and region. By type, it is categorized into pull up handle, pull out handle, flush door handle, and others. By material, it is fragmented into aluminum, plastic, stainless steel, and others. By distribution channel, it is bifurcated into OEM and aftermarket. By vehicle class, it is divided into sedan, hatchback, SUV, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players in the vehicle exterior door handle market are ALPHA Corporation, Magna International, Inc., ITW (Illinois Tool Works), Aisin Corporation, Motherson, Huf Hülsbeck & Fürst GmbH & Co. KG, Sakae Riken Kogyo Co.,Ltd, MinebeaMitsumi, Inc., Witte Automotive, ADAC Automotive, Marquardt Management SE, and Kiekert AG.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the vehicle exterior door handle market analysis from 2022 to 2032 to identify the prevailing vehicle exterior door handle market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the vehicle exterior door handle market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global vehicle exterior door handle market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly update (only available with the purchase of an enterprise license)
- 5 additional company profiles of your choice, pre- or post-purchase, as a free update.
- Free updated version (once released) with the purchase of a 1-5 or enterprise user license.
- 16 analyst hours of support (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% free customization (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
- Free data pack (Excel version) with the purchase of a 1-5 or enterprise user license.
- Free report update, if the report is 6-12 months old or older.
- 24-hour priority response
- Free industry updates and white papers.
Key Market Segments
By Type
- Pull out handle
- Pull up handle
- Flush door handle
- Others
By Material
- Aluminum
- Plastic
- Stainless steel
- Others
By Distribution Channel
- OEM
- Aftermarket
By Vehicle Class
- Sedan
- Hatchback
- SUV
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- ADAC Automotive
- AISIN CORPORATION
- ALPHA Corporation
- Huf Hulsbeck & Furst GmbH & Co. KG
- ITW
- Kiekert AG
- Magna International, Inc.
- Marquardt Management SE
- MinebeaMitsumi, Inc.
- Motherson Group
- Sakae Riken Kogyo Co.,Ltd.
- WITTE Automotive
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: VEHICLE EXTERIOR DOOR HANDLE MARKET, BY TYPE
CHAPTER 5: VEHICLE EXTERIOR DOOR HANDLE MARKET, BY MATERIAL
CHAPTER 6: VEHICLE EXTERIOR DOOR HANDLE MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: VEHICLE EXTERIOR DOOR HANDLE MARKET, BY VEHICLE CLASS
CHAPTER 8: VEHICLE EXTERIOR DOOR HANDLE MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
The vehicle exterior door handle market is likely to experience a growth rate of 5.1% from 2023-2032 owing to rise in adoption of electric vehicles and increase in the demand for vehicle aesthetics & design during the forecast periodA vehicle exterior door handle is a mechanical component installed on the outer surface of an automobile's door, designed to facilitate easy opening, and closing of the door. It is the primary means of access for passengers to enter or exit the vehicle from the outside. A door handle is typically connected to a latch mechanism, which secures the door when closed and releases it when the handle is actuated. Door handles play a significant role in the overall aesthetics and design of the vehicle's exterior. Automakers often incorporate stylish and visually appealing door handle designs that complement the vehicle's overall appearance. Vehicle exterior door handles are available in various shapes, sizes, and materials, catering to different vehicle types and design preferences. Door handles are manufactured from materials such as metal alloys, plastics, composites, and others.
Significant impacting factors in the growth of the vehicle exterior door handle market include surge in the production of vehicles, increase in the demand for vehicle aesthetics & design, and rise in the integration of smart access & keyless entry systems. However, high cost due to integration of advanced technological solutions and stringent safety & regulatory standards hamper the growth of the market. Furthermore, the development of biometric & gesture recognition technologies and the rise in the demand for lightweight materials & sustainable solutions are factors expected to offer growth opportunities during the forecast period.
The vehicle exterior door handle market is segmented on the basis of the type, material, distribution channel, vehicle class, and region. By type, it is classified into pull up handle, pull out handle, flush door handle, and others. By material, the market is divided into aluminum, plastic, stainless steel, and others. By distribution channel type, it is bifurcated into OEM and aftermarket. By vehicle class, it is categorized into sedan, hatchback, SUV, and others. By region, the market is analyzed across North America (U. S., Canada, and Mexico), Europe (France, Germany, Italy, Spain, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
A pull out door handle is a type of vehicle exterior door handle that is operated by pulling the handle in the outward direction. It features a protruding grip designed for easy grasping by the driver or passenger. When the handle is pulled, it engages the latch or lock, enabling the door to open. Pull-out door handles have been a longstanding and widely adopted feature in the automotive industry. The protruding grip of these handles facilitates easy locating and grasping, even in low-light situations or when quick access to the vehicle is necessary. Their user-friendly design allows effortless operation, making them suitable for individuals of all ages and physical capabilities to enter and exit the vehicle. Pull-out door handles are utilized in a diverse range of vehicles, including sedans, SUVs, trucks, and hatchbacks.
Plastic is a widely used material in the manufacturing of vehicle door handles. Plastic is significantly lighter than metals such as steel or aluminum, contributing to overall weight reduction in the vehicle. Reduced weight enhances fuel efficiency and performance. It is more cost-effective than metal materials, making it an economical choice for mass production in the automotive industry for the manufacturing of automotive components such as vehicle exterior door handles.
Automotive exterior door handles endure multiple mechanical and environmental pressures. They face constant exposure to humidity, UV light, and fluctuating temperatures. In addition, they withstand physical strains and the effects of perspiration and dirt. Vehicle door handles are typically manufactured using plastics such as PBT, fiber-reinforced PA, or ABS to achieve weight reduction, cost efficiency, and enhanced safety. Moreover, these plastic components require painting to achieve the desired optimal appearance and tactile sensation. Polyamide (PA/ Nylon 6/6, Nylon 6), Polybutylene terephthalate (PBT) are a few types of plastic used for manufacturing vehicle exterior door handles. Moreover, the automotive industry is gradually moving toward sustainable practices. Therefore, manufacturers explore the use of recycled or bio-based plastics for door handle production to reduce environmental impact.
The leading companies in the vehicle exterior door handle market include ALPHA Corporation, Magna International, Inc., ITW (Illinois Tool Works), Aisin Corporation, Motherson, Huf Hülsbeck & Fürst GmbH & Co. KG, Sakae Riken Kogyo Co.,Ltd, MinebeaMitsumi, Inc., Witte Automotive, ADAC Automotive, Marquardt Management SE, and Kiekert AG. The players in the market have been actively engaged in the adoption of various strategies such as collaboration and acquisition to remain competitive and gain an advantage over the competitors in the market. For instance, in June 2023, WITTE Automotive acquired VAST Automotive Group to expand its offerings and strengthen its market presence in Asia.
Key Market Insights
By type, the pull out handle segment is expected to be the highest revenue contributor to the market, and is estimated to reach $6.8 billion by 2032, with a CAGR of 5.2%.Based on vehicle class, the SUV segment is expected to be the highest revenue contributor to the market, with $2.5 billion in 2022, and is estimated to reach $4.4 billion by 2032, with a CAGR of 6.1%.
Based on region, Asia-Pacific is expected to be the highest revenue contributor, accounting for $3 billion in 2022, and is estimated to reach $4.9 billion by 2032, with a CAGR of 5.1%.
Companies Mentioned
- ADAC Automotive
- AISIN CORPORATION
- ALPHA Corporation
- Huf Hulsbeck & Furst GmbH & Co. KG
- ITW
- Kiekert AG
- Magna International, Inc.
- Marquardt Management SE
- MinebeaMitsumi, Inc.
- Motherson Group
- Sakae Riken Kogyo Co.,Ltd.
- WITTE Automotive
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
