Automotive Lock Market Share Analysis Report - Global Industry Trends & Scope, Product Estimates To 2014-2022

Steady growth was shown by the China’s automotive lock market due to quick development in its automotive market in 2013 with production more than 95 million units i.e. over 14% per year. The rate of growth practically was steady with respect to the production of vehicles in China. Because of the reality that automotive lock market, mainly products like cap locks for fuel tank, door locks for vehicle, and truck locks comparatively have less necessity on the skills for development of products and manufacture, the manufacture of automotive lock can save cost of production, mainly the material and labour cost.

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Both, joint-venture brands and independent brand vehicle producers, now-a-days, select to make and assemble door locks of vehicles in China. With reference to remote control keys and central locking system merchandise automotive remote control keys industry and automotive central locking industry in China sustained a stable development in 2013. The percentage of remote control key and central locking collected in public vehicles increasing from more than 84% & 86% in 2012 to more than 83% & 89% in 2013, correspondingly.

Obsessed with the vehicle intelligentization trend, remote control key and central lock have been the benchmark arrangement for medium and high-end model and yet few low-end model as well. It is predicted that by the end of 2020 nearly all public vehicles will have been equipped with the remote control key & central locking system. With reference to keyless device for entry, the percentage of unreceptive keyless entry system established in traveller car in China touched over 22% in 2013, by keyless entry system by full year assembling to a rough total of 39,94,481 sets which is over 2.2% points from that of 2012.

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Major need is there for automotive keyless systems on the recognition system of vehicle and antitheft system for vehicle, only some medium and high model cars of few brands acknowledge them for elective or benchmark devices. Alternatively, for passive keyless entry application, few industrialists are being the pioneer in the market, for example, BYD automaker. Apart from those F3 models which are marginally of low-configuration and are not using the system, rest of the models are equipped with model PKE systems.

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