North America Pegged to be a Prominent Market for Automotive Door Hinges as the Region is Home to Key Automotive Manufacturers
The research report covers information about the market trends & dynamics, value (US$ Mn) volume (Units) forecasts, competition, current developments and macro factors in the global automotive door hinge market for the study period 2018 to 2028.
The global automotive door hinge market is expected to reach US$ 11,219.6 Mn by 2028 with a CAGR of 3.7% for the period between 2018 and 2028. The increasing demand for vehicles is expected to drive the demand for automotive door hinges, globally.
Growing Demand for Vehicles to Directly Support Demand for Automotive Door Hinges
With increasing purchase of vehicles and its increasing fleet on roads, the subsequent production of automobiles along with the growing demand from aftermarket are collectively anticipated to fuel the demand for automotive door hinges in the coming years.
On the other hand, the increasing demand for luxury vans from fleet operators (tracked door systems) is expected to hinder the growth of the automotive door hinge market during the forecast period. Also, different opening styles of vehicle doors are reducing the number of hinges in a vehicle door, which is estimated to pose a prominent challenge for the automotive door hinge market.
Low Cost and High Durabilityof Steel Contribute to Preference for the Material Among Manufacturers
Steel is a prominent material type for automotive door hinges, owing to the low cost and longer durability, which makes it the preferred choice among manufacturers.
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On the Basis of Vehicle Type, Passenger Car is Pegged to be a Prominent Segment in the Automotive Door Hinge Market
The passenger car segment is assessed to be a noteworthy segment in the automotive door hinge market. The segment covers various types of passenger vehicles used in day to day life. Therefore, the passenger car segment is anticipated to grow at a significant CAGR during the forecast period, followed by the light commercial vehicle segment.
APEJ, Western Europe and North America to Remain High Value – High Growth Regions in Automotive Door Hinge Market
On the basis of region, the automotive door hinge market has been segmented into nine regions: Western Europe, Latin America, North America, Japan, SEA, China, India, Eastern Europe and MEA. China and India is pegged to be a significant market with high demand stemming from the passenger car segment.
North America is home to key automotive manufacturers such as Ford, General Motors, Nissan and Daimler. Moreover, the region is also home to some important automotive door hinge manufacturers such asDura Automotive System LLC, Magna International Inc., Aisin Seiki Co. Ltd., Gestamp Group, Multimatic, ER Wagner Manufacturers, Milan Metal System LLC, Saint Gobain, Brano Group and Global Rollforming System LLC, to name a few. Thus, North America is slated to be a significant market for automotive door hinges.
Manufacturers Rely on Expansion to Better Reach Automotive Door Hinge Customers
A number of manufacturers in the automotive door hinge market rely on long-term supply contracts, joint ventures and mergers and acquisitions to sustain their market share in the automotive door hinge market. For instance, in October 2016, Gestamp Group opened its forth plant in Russia, which will be operated by the company Edscha in Togliatti (Russia), located about 950 km southwest of Moscow.
The company’s first plant in Russia will now supply liftgate hinges, door hinges and rear door hinges. Also, in October 2018, the company opened its first plant in Japan to manufacture engineered metal components for the automotive industry. The new production facility was established with an initial investment of more than 45 Million Euros.
Similarly, Magna International opened a new aluminum manufacturing facility in Telford, England. The new facility will supply automotive components to Jaguar Land Rover. The new facility is approximately 220,000 square feet and expected to employ 250 people. Therefore, expansion is an important strategy for manufacturers operating in the automotive door hinges market.
Overview of Automotive Door Hinge Market Structure
The global automotive door hinge market is a highly consolidated one with major players such as Tenneco Inc., Dura Automotive System LLC, Magna International Inc., Aisin Seiki Co. Ltd., Gestamp Group, Multimatic, ER Wagner Manufacturers, Milan Metal System LLC, Saint Gobain, Brano Group and Global Rollforming System LLC accounting for significant shares in the global automotive door hinge market.
Key Questions Answered in the Global Automotive Door Hinge Report
- How has the automotive door hinge market evolved over the past four years?
- What shape is the automotive door hinge market expected to take in terms of volume and value during the study period?
- What are some of the predominant market dynamics in the automotive door hinge market?
- What are the competition developments and trends in the automotive door hinge market?
- What are some of the underlying industry factors and macro factors impacting the growth of the automotive door hinge market?
- What are the key opportunities, challenges and development factors for market players?
- What are the key strategies and market positioning strategies of prominent manufacturers in the automotive door hinge market?
- How is the competition structured at present and how has it evolved in the automotive door hinge market over the past few years?
Automotive Door Hinge Market Segmentation
By Sales Channel
- After Market
- Brass/Bronze/Composite Material
By Product Type
- Front & Rear Automotive Door hinges
- Tailgate Hinges/ Bonnet Hinges
By Vehicle Type
- Passenger Car
- North America
- Latin America
- Western Europe
- Eastern Europe