Market Overview:
The global automotive key set market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. The global automotive key set market has been segmented on the basis of type, application and region. On the basis of type, the market has been segmented into stainless type, steel type and others. The steel type segment is expected to account for a major share of the global automotive key set market during the forecast period owing to its low cost as compared to other types of keys available in the market.
Product Definition:
A set of automotive keys is a collection of metal tools that are used to start and operate a motor vehicle. The most common type of key set is the ignition key, which is used to start the engine. Other types of keys in a typical set include the door key, trunk key, and glove box key.
Stainless Type:
Stainless steel is a widely used type of metal for manufacturing automotive components owing to its characteristics such as corrosion resistance, high strength and lightweight. The key factors driving the growth of this market include growing demand for vehicles in developing economies and stringent regulations regarding vehicle safety & emission standards. In addition, increasing penetration in commercial vehicles will drive the demand over the forecast period.
Steel Type:
The steel type is used in automotive key sets to manufacture ignition, front and rear bumpers, steering wheel and other interior parts. The different types of steels include carbon steel, alloy steel (including cast iron), stainless steel and others. Carbon Steel: This type of metal is hard in nature hence it provides high impact resistance during accidents. It can also be sharpened easily after cutting which makes it suitable for making tools or weapons.
Application Insights:
The passenger cars segment accounted for the largest revenue share of over 60.0% in 2017 and is anticipated to maintain its lead over the forecast period. The increasing number of production facilities globally has resulted in a higher demand for automotive keys set, especially from countries such as India, China and Japan where OEMs have their regional offices or manufacturing facilities.
Commercial vehicles are projected to expand at the fastest CAGR of XX% from 2018 to 2030 owing to an increase in demand for commercial vehicles across developing countries including Brazil, Indonesia and South Africa. These commercial vehicles are used by companies on a daily basis for logistics purposes which has increased their importance as theft-deterring assets that need high security measures taken before they are delivered to customers or parked at warehouses or stores waiting for orders picking up goods from suppliers etc., which further increases their demand globally during long term storage purposes leading up to delivery points etc.
Regional Analysis:
Asia Pacific dominated the global automotive key sets market in 2017 and is expected to continue its dominance over the next eight years. The region has witnessed a surge in vehicle production, especially in China and India. This has led to an increase in sales of automotive key sets for vehicles, thereby boosting the demand for these products across various applications.
The Asia Pacific regional market is anticipated to witness significant growth owing to increasing automobile manufacturing facilities by companies such as Hyundai Motor Company; Tata Motors; Mahindra & Mahindra Limited; and Royal Enfield Ltd., among others. These manufacturers are focusing on launching new models with advanced features that include smart entry/exit system, remote start/stop function, digital instrument cluster display, etc., which will drive product demand further.
Growth Factors:
- Increasing demand for automotive key sets from the developing countries owing to the rise in disposable income and growth of the automotive industry.
- Growing popularity of advanced keyless entry systems, which is expected to fuel the demand for automotive key sets in the coming years.
- Proliferation of luxury cars and SUVs, which are equipped with high-end security features, is anticipated to boost the market growth during the forecast period.
- Rising concerns over vehicle thefts and increasing number of car thefts are projected to create lucrative opportunities for market players in near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Key Set Market Research Report
By Type
Stainless Type, Steel Type, Others
By Application
Passenger Cars, Commercial Vehicles
By Companies
ALPHA (Japan), Tokai Rika (Japan), Huf Hulsbeck & Furst (Germany), U-SHIN (Japan), Seoyon Electronics (Korea), Strattec Security (USA), Denso Taiyo (Japan), Ficosa International (Spain), Honda Lock (Japan), Kawabe (Japan), ALPHA (Japan), Matsui (Japan), Morita (Japan)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Key Set Market Report Segments:
The global Automotive Key Set market is segmented on the basis of:
Types
Stainless Type, Steel Type, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ALPHA (Japan)
- Tokai Rika (Japan)
- Huf Hulsbeck & Furst (Germany)
- U-SHIN (Japan)
- Seoyon Electronics (Korea)
- Strattec Security (USA)
- Denso Taiyo (Japan)
- Ficosa International (Spain)
- Honda Lock (Japan)
- Kawabe (Japan)
- ALPHA (Japan)
- Matsui (Japan)
- Morita (Japan)
Highlights of The Automotive Key Set Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stainless Type
- Steel Type
- Others
- By Application:
- Passenger Cars
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Key Set Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automotive key set is a collection of keys for various types of vehicles. It may include car, truck, motorcycle, boat and RV keys.
Some of the key players operating in the automotive key set market are ALPHA (Japan), Tokai Rika (Japan), Huf Hulsbeck & Furst (Germany), U-SHIN (Japan), Seoyon Electronics (Korea), Strattec Security (USA), Denso Taiyo (Japan), Ficosa International (Spain), Honda Lock (Japan), Kawabe (Japan), ALPHA (Japan), Matsui (Japan), Morita (Japan).
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Key Set Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Key Set Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Key Set Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Key Set Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Key Set Market Size & Forecast, 2018-2028
4.5.1 Automotive Key Set Market Size and Y-o-Y Growth
4.5.2 Automotive Key Set Market Absolute $ Opportunity
Chapter 5 Global Automotive Key Set Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Key Set Market Size Forecast by Type
5.2.1 Stainless Type
5.2.2 Steel Type
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Key Set Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Key Set Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Key Set Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Key Set Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Key Set Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Key Set Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Key Set Market Size Forecast by Type
9.6.1 Stainless Type
9.6.2 Steel Type
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Key Set Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Key Set Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Key Set Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Key Set Market Size Forecast by Type
10.6.1 Stainless Type
10.6.2 Steel Type
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Key Set Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Key Set Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Key Set Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Key Set Market Size Forecast by Type
11.6.1 Stainless Type
11.6.2 Steel Type
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Key Set Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Key Set Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Key Set Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Key Set Market Size Forecast by Type
12.6.1 Stainless Type
12.6.2 Steel Type
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Key Set Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Key Set Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Key Set Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Key Set Market Size Forecast by Type
13.6.1 Stainless Type
13.6.2 Steel Type
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Key Set Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Key Set Market: Competitive Dashboard
14.2 Global Automotive Key Set Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ALPHA (Japan)
14.3.2 Tokai Rika (Japan)
14.3.3 Huf Hulsbeck & Furst (Germany)
14.3.4 U-SHIN (Japan)
14.3.5 Seoyon Electronics (Korea)
14.3.6 Strattec Security (USA)
14.3.7 Denso Taiyo (Japan)
14.3.8 Ficosa International (Spain)
14.3.9 Honda Lock (Japan)
14.3.10 Kawabe (Japan)
14.3.11 ALPHA (Japan)
14.3.12 Matsui (Japan)
14.3.13 Morita (Japan)
