| Product Code: ETC5253516 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cape Verde continued to rely heavily on car door latch imports from top exporters including Portugal, China, Spain, Italy, and France. Despite a negative CAGR of -2.41% from 2020-2024 and a significant decline in growth rate of -24.49% from 2023-2024, the market remained highly concentrated with a high Herfindahl-Hirschman Index (HHI). The consistent presence of key exporting countries indicates a stable supply chain, while the negative growth rates suggest potential challenges or shifts in the market dynamics that stakeholders should monitor closely.

The car door latch market in Cape Verde is a small but essential segment of the automotive industry. Car door latches are critical for vehicle safety and functionality. As the automotive sector in Cape Verde develops, the demand for reliable and advanced door latches is expected to increase. Challenges include the need for high-quality components and the reliance on imports for advanced latch technologies.
The Cape Verde car door latch market is influenced by the growing automotive industry and the need for advanced safety features in vehicles. The increasing focus on vehicle security and the demand for reliable and durable door latch systems drive market growth. Additionally, advancements in automotive technology and the introduction of new vehicle models contribute to the expansion of the car door latch market. The rising production of vehicles and the demand for high-quality automotive components support market growth.
The Cape Verde car door latch market struggles with limited local manufacturing capabilities and reliance on imports. The high costs associated with importing car door latches and the lack of local suppliers can restrict market growth. Furthermore, low vehicle ownership rates and a small automotive market can limit demand for car door latches.
The car door latch market in Cape Verde is shaped by government regulations focused on vehicle safety and manufacturing standards. The government mandates compliance with international safety standards for automotive components, including door latches. Support for local automotive parts manufacturers and initiatives to enhance the quality and safety of automotive products contribute to the growth of this market. Additionally, policies aimed at boosting the overall automotive industry indirectly benefit the car door latch sector.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cape Verde Car Door Latch Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Car Door Latch Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Car Door Latch Market - Industry Life Cycle |
3.4 Cape Verde Car Door Latch Market - Porter's Five Forces |
3.5 Cape Verde Car Door Latch Market Revenues & Volume Share, By Lock Type, 2021 & 2031F |
3.6 Cape Verde Car Door Latch Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Cape Verde Car Door Latch Market Revenues & Volume Share, By Application Type, 2021 & 2031F |
4 Cape Verde Car Door Latch Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the automotive industry in Cape Verde |
4.2.2 Increasing demand for vehicles in the region |
4.2.3 Technological advancements in car door latch systems |
4.3 Market Restraints |
4.3.1 Economic instability in Cape Verde |
4.3.2 Fluctuating raw material prices |
4.3.3 Competition from imported car door latch products |
5 Cape Verde Car Door Latch Market Trends |
6 Cape Verde Car Door Latch Market Segmentations |
6.1 Cape Verde Car Door Latch Market, By Lock Type |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Car Door Latch Market Revenues & Volume, By Electronic, 2021-2031F |
6.1.3 Cape Verde Car Door Latch Market Revenues & Volume, By Non-Electronic, 2021-2031F |
6.2 Cape Verde Car Door Latch Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Car Door Latch Market Revenues & Volume, By Hood Latch, 2021-2031F |
6.2.3 Cape Verde Car Door Latch Market Revenues & Volume, By Tail Latch, 2021-2031F |
6.2.4 Cape Verde Car Door Latch Market Revenues & Volume, By Side Door Latch, 2021-2031F |
6.2.5 Cape Verde Car Door Latch Market Revenues & Volume, By Back Seat Latch, 2021-2031F |
6.3 Cape Verde Car Door Latch Market, By Application Type |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Car Door Latch Market Revenues & Volume, By Passenger Cars, 2021-2031F |
6.3.3 Cape Verde Car Door Latch Market Revenues & Volume, By Commercial Vehicles, 2021-2031F |
7 Cape Verde Car Door Latch Market Import-Export Trade Statistics |
7.1 Cape Verde Car Door Latch Market Export to Major Countries |
7.2 Cape Verde Car Door Latch Market Imports from Major Countries |
8 Cape Verde Car Door Latch Market Key Performance Indicators |
8.1 Average selling price of car door latches in Cape Verde |
8.2 Rate of adoption of advanced car door latch technologies |
8.3 Customer satisfaction and loyalty towards locally produced car door latches |
9 Cape Verde Car Door Latch Market - Opportunity Assessment |
9.1 Cape Verde Car Door Latch Market Opportunity Assessment, By Lock Type, 2021 & 2031F |
9.2 Cape Verde Car Door Latch Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Cape Verde Car Door Latch Market Opportunity Assessment, By Application Type, 2021 & 2031F |
10 Cape Verde Car Door Latch Market - Competitive Landscape |
10.1 Cape Verde Car Door Latch Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Car Door Latch Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |