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Vehicle Exterior Door Handle Market is Expected to Globally Reach $9.4 Billion by 2032 at 5.1% CAGR: Allied Market Research

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Allied Market Research published a report, titled, “Vehicle Exterior Door Handle Market by Type (Pull Up Handle, Pull Out Handle, Flush Door Handle, and Others), Material (Aluminum, Plastic, Stainless Steel, and Others), Distribution Channel (OEM and Aftermarket), and Vehicle Class (Sedan, Hatchback, SUV, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032″. According to the report, the global vehicle exterior door handle industry generated $5.8 billion in 2022, and is anticipated to generate $9.4 billion by 2032, witnessing a CAGR of 5.1% from 2023 to 2032.

Vehicle exterior door handles offer a way to enter and exit the cabin of the vehicle. Materials such as metal, plastic, or a combination of materials are used for the production of these handles.

Download Sample Pages – https://www.alliedmarketresearch.com/request-sample/168624

Prime determinants of growth

The major 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.

Report Coverage & Details:

Report Coverage

Details

Forecast Period

2023–2032

Base Year

2022

Market Size in 2022

$5.8 billion

Market Size in 2032

$9.4 billion

CAGR

5.1 %

No. of Pages in Report

327

Segments covered

Type, Material, Distribution Channel, Vehicle Class, and Region

Drivers

Surge in the production of vehicles

Increase in the demand for vehicle aesthetics & design

Rise in the integration of smart access & keyless entry systems

Opportunities

Development of biometric & gesture recognition technologies

Rise in the demand for lightweight materials & sustainable solutions

Restraints

High cost due to technological integration

Stringent safety and regulatory standards

COVID-19 Scenario

  • The pandemic reduced the demand for vehicle exterior door handles due to nation-wide lockdown, halt in manufacturing activities, and trade restrictions.
  • Post-pandemic, there has been a resurgence in demand for electric vehicles, owing to greater adoption of clean energy sources, emission restrictions, and supportive government policies, thereby driving the demand for vehicle exterior door handle systems.

The pull out handle segment to maintain its leadership status during the forecast period

Based on type, the pull out handle segment held the highest market share in 2022, accounting for nearly three-fourths of the global vehicle exterior door handle market revenue and is estimated to maintain its leadership status during the forecast period. Pull-out door handles are utilized in a diverse range of vehicles, including sedans, SUVs, trucks, and hatchbacks. Their user-friendly design allows effortless operation, making them suitable for individuals of all ages and physical capabilities to enter and exit the vehicle. The flush door handle segment is expected to register the highest CAGR of 6.4% from 2023 to 2032. Flush door handles have gained significant popularity in modern car designs, particularly in high-end and luxury vehicles. The minimalist and sophisticated look of the flush-type door handles enhances the overall aesthetics of the vehicle.

Procure Complete Research Report Now – https://www.alliedmarketresearch.com/vehicle-exterior-door-handle-market/purchase-options

The plastic segment to maintain its leadership status during the forecast period

Based on material, the plastic segment held the highest market share in 2022, accounting for more than two-thirds of the global vehicle exterior door handle market revenue and is estimated to maintain its leadership status during the forecast period. The segment is also projected to manifest the highest CAGR of 5.5% from 2023 to 2032. 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. 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 doors.

The SUV segment to maintain its leadership status during the forecast period

Based on vehicle class, the SUV segment held the highest market share in 2022, accounting for more than two-fifths of the global vehicle exterior door handle market revenue and is estimated to maintain its leadership status during the forecast period. The segment is also projected to manifest the highest CAGR of 6.1% from 2023 to 2032. A sport utility vehicle (SUV) is a powerful four-wheeled car that is driven over rough terrain. The sport utility cars come with off-road vehicle features such as increased ground clearance and all-wheel drive. Pull up or pull out handles are installed in such vehicles. Moreover, some SUVs, especially high-end models, may feature flush type, and touch type door handles.

Asia-Pacific to maintain its dominance by 2032

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for more than half of the global vehicle exterior door handle market revenue. Asia-Pacific has experienced a surge in vehicle sales, driven by growing population, increasing disposable incomes, and urbanization. The demand for vehicle exterior door handles is expected to increase owing to the rise in the number of vehicles on the roads. Europe is expected to witness the fastest CAGR of 6.0% from 2023 to 2032 owing to the surge in popularity of electric vehicles.

Interested to Procure the Research Report? Inquire Before Buying – https://www.alliedmarketresearch.com/purchase-enquiry/168624

Leading Market Players: –

  • Huf Hülsbeck & Fürst GmbH & Co. KG
  • ITW (Illinois Tool Works)
  • ALPHA Corporation
  • Aisin Corporation
  • Magna International, Inc.
  • Motherson Group
  • Sakae Riken Kogyo Co., Ltd.
  • MinebeaMitsumi, Inc.
  • Witte Automotive
  • Marquardt Management SE
  • Kiekert AG
  • ADAC Automotive

The report provides a detailed analysis of these key players of the global vehicle exterior door handle market. These players have adopted strategies such as new product launches to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Similar Reports We Have on Automotive Industry:

Automotive Door Panel Market Research Report 2023-2035

Autonomous Bus Door System Market Research Report 2023-2035

Automotive Door Trims Market Research Report 2023-2035

Car Door Latch Market Research Report 2023-2023

Automotive Door Frame Market Research Report 2023-2035

Wladimir P. is a Content Editor at European Gaming Media and at PICANTE Media and covers a large variety of industries.

Artificial Intelligence

Newgen Partners with ASEAN Business Partners to Expand its Reach in Southeast Asia

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The partnership marks a significant step towards driving digital transformation and innovation in the Southeast Asian banking landscape
NOIDA, India, May 15, 2024 /PRNewswire/ — Newgen Software, a global provider of low-code platform, announced a strategic partnership with ASEAN Business Partners (ABP) — a renowned multi-disciplinary professional services firm specializing in assisting international companies, to expand their business in the ASEAN region.

Through this collaboration, Newgen aims to leverage ABP’s vast expertise and local presence to introduce its advanced banking solutions to Southeast Asian markets, including Indonesia, Malaysia, the Philippines, Singapore, and Thailand. With a focus on onboarding, lending, and trade finance solutions, Newgen intends to empower Southeast Asian enterprises with its industry-recognized low-code platform.
The configurable low-code platform — NewgenONE — will enable banking leaders to unify front-, middle-, and back-office functions, infuse intelligence into operations, and achieve end-to-end automation, at scale, across thousands of bank-wide applications and processes.
On the partnership, Sumit Dutta, Founder and CEO of ASEAN Business Partners, said, “I am delighted to announce the partnership between Newgen and ABP. We are committed to identifying and introducing the best of global technology into the fast-growing ASEAN market and are privileged to partner with a global IT pioneer to add value.”
“As ASEAN companies adopt technology to enhance productivity and cut costs, we believe our clients will value Newgen’s innovative solutions, characterized by its customer-centric approach and commitment,” he further added.
Meanwhile, Pramod Kumar, Head of Business – APAC, Newgen Software, said, “We’re excited by the potential for a positive change. The NewgenONE platform is designed to be a game-changer for banking leaders and teaming up with ABP brings even more expertise to the table, and we’re excited to accelerate digital progress in the region.”
About ASEAN Business Partners 
ASEAN Business Partners is a multi-disciplinary professional services firm specializing in assisting international companies start and grow their business in ASEAN. They are passionate about ASEAN, the highest growth market in the world, and believe it will be the market of choice for forward-looking international companies.
About Newgen Software
Newgen is the leading provider of a unified digital transformation platform with native process automation, content services, communication management, and AI/ML. Globally, successful enterprises rely on Newgen’s industry-recognized low-code application platform to develop and deploy complex, content-driven, and customer-engaging business applications on the cloud.
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Huawei’s Net Master Revolutionizes Intelligent Network Management, Boosting Carrier B2B Services

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BAKU, Azerbaijan, May 15, 2024 /PRNewswire/ — During Huawei Tech Carnival & Partner Summit 2024 for the Middle East and Central Asia region, Wang Hui, President of NCE Data Communication Domain of Huawei Data Communication Product Line, delivered a keynote speech at the carrier B2B session. He highlighted how Huawei has consistently innovated and upgraded its network management services through Net Master, a network large model application, thereby injecting new impetus into the growth of carriers’ B2B services.

The digital transformation of various industries is driving innovations in network construction and maintenance. To meet the pressing transformation needs of numerous small and medium-sized enterprises, carriers must provide integrated cloud-network-security solutions for businesses, and transition traditional private lines to a modernized management framework that meets the increasingly diverse demands of enterprises.
Huawei’s iMaster NCE platform empowers carriers to efficiently manage their B2B services so that they can expand their business scope from wide area networks (WANs) to local area networks (LANs) that leverage their existing communication infrastructure. This platform not only boosts sales opportunities for managed services but also provides more precise and efficient solutions for enterprise digital transformations.
At the event, Huawei released its upgraded carrier network management service platform with AI-powered intelligence capabilities: the iMaster NCE network digital map and Net Master. These innovations will drive a comprehensive “3E” revolution: experience assurance, expansion of services, and efficiency improvement.
In terms of experience assurance, Huawei’s network digital map offers multi-dimensional insights into applications and terminals, ensuring seamless audio and video experiences across campuses. Meanwhile, Net Master’s Copilot network expertise provides real-time awareness and optimization of network performance so that users always receive the best possible network services.
As for expansion of services, the proliferation of wireless campus networks has led to a surge in campus network devices, making energy consumption a top concern for customers. Huawei’s network digital map leverages grid-based management to accurately monitor and forecast network-level energy consumption. Additionally, it uses an exclusive tidal traffic prediction algorithm to automatically recommend energy-saving time slots. This enhances campus energy efficiency and reduces energy consumption, as well as enabling carriers to offer customized business packages for enterprises.
Regarding efficiency improvement, Net Master, trained on Huawei Pangu Models, boasts a vast corpus of over 50 billion entries related to data communication and possesses robust semantic understanding capabilities. For instance, the MSP partner AuteWiFi in China saw significant benefits after adopting Net Master: the self-resolution rate of network issues increased from 30% to 80%, average fault resolution time decreased from two hours to just one minute, and O&M efficiency improved by dozens of times.
Going forward, Huawei will continue to innovate and enhance the capabilities of its intelligent network management platform, collaborating with carriers to write a new chapter in intelligent network management services and drive new growth in B2B services.
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Artificial Intelligence

Frost & Sullivan and SOCAP Forge Strategic Partnership to Elevate Customer Care and Experience

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SAN JOSE, Calif., May 15, 2024 /PRNewswire/ — Frost & Sullivan, a pioneer in growth strategy consulting and research, together with the Society of Consumer Affairs Professionals (SOCAP), the leading association for customer care professionals, are excited to announce their new strategic partnership, beginning May 15. This collaboration unites two powerhouses with a shared vision to significantly enhance the value of content, networking opportunities, and professional growth for their members and participants.

The partnership promises to integrate the unique thought leadership and resources of both organizations, providing an expansive platform for research, participation in more events, and a vastly enhanced network of professional connections. Members can expect broader access to innovative solutions and best practices in customer experience (CX), leveraging the combined strengths of Frost & Sullivan’s analytical depth and SOCAP’s extensive community engagement.
“This partnership is a strategic synergy of knowledge and networks,” said Gary Robbins, Senior Partner, Frost & Sullivan. “It is designed to empower professionals at all levels of customer engagement and support, enhancing their capabilities to drive growth and transformation in their organizations.”
Suzanne Durkin, SOCAP Executive Director, said, “Joining forces with Frost & Sullivan opens new opportunities for our members to advance in the customer care field. We are excited to bring together the best in industry knowledge and community-driven insights to foster an unparalleled exchange of expertise.”
About Frost & SullivanFrost & Sullivan has 60+ years of helping clients survive and thrive through strategic transformations, offering Growth Advisory, Growth Analytics, Leadership Councils, and events. Its Customer Engagement Leadership Council is a member-driven platform empowering senior executives from leading brands to nurture meaningful connections throughout the year, determine their shared challenges and shape the future of the industry. 2024 marks the 20th Anniversary of its flagship bi-annual event: Customer Contact: A Frost & Sullivan Executive MindXchange. For more information, visit frost.com/cal, or contact Adam Geiger, National Sales Director, Events, Frost & Sullivan: [email protected], 305.450.1099
About SOCAPEstablished in 1973, SOCAP is a community of top-tier customer care professionals from across industries. As the oldest member-driven Customer Experience (CX) association, SOCAP facilitates collaboration, knowledge sharing, and learning among CX specialists and their solution providers. Committed to enhancing CX at all business levels, SOCAP embodies a collaborative and dynamic environment for professional growth in customer care.
For more information, visit socap.org, or contact: Sage Johnson, Director of Marketing, Society of Consumer Affairs Professionals (SOCAP), [email protected], 703.519.3700.
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