About the Report
After the decline in sales due to manufacturing restrictions imposed amid COVID-19, the automotive door hinges market can expect a spike in demand. The inclination of individuals towards private vehicles over public transportation, particularly in response to precautionary measures adopted amid pandemic will cause positive growth in 2021.
Some of the leading players such as Dura Automotive System LLC, Tenneco Inc., Aisin Seiki Co. Ltd., Magna International Inc., Multimatic, Gestamp Group, Milan Metal System LLC, ER Wagner Manufacturers, Brano Group, Saint Gobain, and Global Rollforming System LLC, are currently focusing on increasing their presence globally.
For instance, Dura Automotive System LLC has launched a “be safe response program” in June 2020 to train its workers on preparedness, prevention, and management of the COVID-19 pandemic. The company has used this strategy to promote its brand and thus to ensure an improved global presence.
Meanwhile, Saint Gobain in December 2020 strengthened its partnership with El Volcan group in Latin America thus improving its global presence by collectively representing sales of over €57 million. These are examples of prudent strategies adopted by key players.
North America, driven by the presence of leading automotive manufacturing companies such as Nissan, General Motors, and Ford, will remain dominant. India and China, being the two largest growing economies of the world, will also contribute significantly to the growth registered.
North America Pegged to be a Prominent Market
The research report covers information about the trends & dynamics, value (US$ Mn) volume (Units) forecasts, competition, current developments and macro factors in the global automotive door hinge sales for the study period 2018 to 2028.
The global automotive door hinge sales 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 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 sector.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
Low Cost and High Durability of 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.
On the Basis of Vehicle Type, Passenger Car is Pegged to be a Prominent Segment in the Automotive Door Hinge sector
The passenger car segment is assessed as a noteworthy segment. 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 the segment
On the basis of region, the automotive door hinge direct sales 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 as 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, 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 rely on long-term supply contracts, joint ventures and mergers and acquisitions to sustain their global share. 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 this sector.
Overview of the 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 sales.
Key Questions Answered in the Global Automotive Door Hinge Report
- How has demand for automotive door hinge evolved over the past four years?
- How will automotive door hinge demand be in terms of volume and value?
- What are the key factors driving automotive door hinge demand?
- What are the key strategies of automotive door hinge manufacturers?
- What are the key factors driving growth?
- What are the key opportunities, challenges and development factors for market players?
- What are the key strategies and market positioning strategies of prominent manufacturers?
- How is the competition structured at present and how has it evolved over the past few years?
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