USD 1.06 Billion
Report ID:
SQMIG25A2238 |
Region:
Global |
Published Date: April, 2024
Pages:
221
|Tables:
115
|Figures:
74
Global Automotive Door Hinges Market size was valued at USD 1.06 Billion in 2022 and is poised to grow from USD 1.18 Billion in 2023 to USD 2.87 Billion by 2031, growing at a CAGR of 11.7% in the forecast period (2024-2031).
Trends in vehicle production, including changes in production volumes, changes in consumer demand towards specific types of vehicles (such as passenger cars, light commercial vehicles, and heavy trucks), and automotive manufacturing facilities affect the automotive door hinges market significantly. The technological advancements in automotive door hinge systems and materials contribute to the growth of the market. Innovations such as lightweight materials, corrosion-resistant coatings, and advanced manufacturing processes improve hinge performance, durability, and aesthetics. Manufacturer-focused intelligent hinges with integrated sensors and other features for automatic lock systems are also influencing the market trends. Strict regulatory standards for vehicle safety, crash risk, and pedestrian protection are driving the adoption of high-quality door locks. Regulations such as FMVSS (Federal Motor Vehicle Safety Standards) in the United States, Euro NCAP (European New Car Assessment Program) in Europe and compliance with similar standards elsewhere affect hinge design and materials, affecting market growth
Global Market Size
USD 1.06 Billion
Largest Segment
OEM
Fastest Growth
Aftermarket
Growth Rate
11.7% CAGR
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Based on product, the automotive hinges market segmentation includes door, cabinet, hoods, and others. Based on vehicle type, the automotive hinges market segmentation includes passenger cars and commercial vehicles. Based on sales channels, the automotive hinges market segmentation includes OEM and aftermarket. Based on material, the automotive hinges market segmentation includes steel, aluminum, and composite materials. By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World.
Analysis by Sales Channel
OEM is the dominating segment in the market. Globally, the OEM segment holds the largest market share. An OEM (Original Equipment Manufacturer) is the main supplier of door hinges to vehicle manufacturers (passenger and commercial) during the production of vehicles and they are included in vehicle production for suppliers to obtain large contracts for door hinges, which are expected to boost market segment growth over the forecast period. The OEM segment caters to specialty automakers, offering door hinges as original equipment for new vehicles during production. This segment generally accounts for most of the door-to-door sales and is directly linked to global automotive production.
The aftermarket segment held the second-largest market share in 2023. The segment is expecting significant growth due to the wear & tear of hinges by each vehicle and rising low-cost aftermarket services in every region and country are propelling the demand for aftermarket segmental growth. The aftermarket segment sells door hinges for vehicle maintenance, repair and customization purposes after vehicle sales and has entered business. Aftermarket door hinges are available through various channels including independent dealers, online forums and automotive repair shops.
Analysis by Hinge Type
Butt hinge is the dominating segment in the market. The butt hinge segment holds the largest market share globally. Butt hinges (forged, printed, or profiled) are commonly used in door hinges for all types of vehicles. Exterior doors in electric vehicles are increasingly in demand, as they are primarily used in hinged doors. Thus, the increasing adoption of EVs is likely to drive the growth of butt hinges in segments over the forecast period.
Multi-leaf hinge is the fastest growing segment in the market. The multi-leaf hinge segment had the second largest market share. Multileaf valves are designed to distribute the load evenly over multiple leaflets or links, providing stability and stability. These valves, widely used for trucks, SUVs, and other heavy duty vehicle doors, are fueling the segment’s rapid growth.
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Asia Pacific is valued at $5.89 billion by 2023 and is expected to dominate the market. Asia-Pacific dominated the market by 2023 and is expected to continue to dominate throughout the forecast period with the fastest CAGR during the forecast period. Higher automotive sales in Asia-Pacific continues to drive the demand for door hinges in this region. Strong automotive industry in emerging Asia Pacific countries such as China, India, Japan and South Korea supports market growth in this region. According to the International Automobile Manufacturers Association (OICA), China has auto sales and doing more than any other country in the world.
The increasing adoption of personal/commercial mobility in North America region drives the demand for global automotive door hinges market. Technological advancements in the region and rise in automotive sales, especially in the commercial vehicle (light and heavy commercial) segment, are expected to boost the demand for automotive door hinges for modern vehicles efficiency has increased. North America has a huge automotive industry, with major automakers, OEM suppliers and manufacturing plants throughout the region. The availability of major automobile manufacturers and assembly plants increases the demand for automotive accessories including door hinges.
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Drivers
Addition of Lightweight Components to Next-generation Vehicles to Drive Market Growth
Increase in Production and Sales of Electric Vehicles to Drive the Market Growth
Restraints
Shortage of Raw Materials and Volatility in Prices
High Cost
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The automotive door hinges market includes key players, including Gestamp Automoción, S.A., MultiMate Inc., and Seiki Co. The increasing focus of these key players on the expansion of their product portfolio to drive market growth during the forecast period.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global automotive door hinges market is an important segment of the automotive industry, with various factors including vehicle manufacturing, technological advancements, regulatory standards, consumer preferences, overall economic status of Original Equipment Manufacturers (OEMs) and aftermarket segment in this market and motivated by significant contributions. The OEM segment supplies automakers with door hinges for installation on new vehicles during production. Long-term contracts, customization, involvement in automobile assembly lines, and strong relationships with automakers are key features of this segment. On the other hand, the aftermarket segment sells door locks for repair, maintenance and customization after the sale of vehicles North America occupies a dominant position in the global automotive door locks market, owing to its large automotive industry presence and high volume of automotive products, this market is characterized by competition, innovation and regulatory standards is as difficult as safety compliance. In addition, economic conditions, technological developments, and consumer preferences significantly influence market growth.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1.06 Billion |
Market size value in 2031 | USD 2.87 Billion |
Growth Rate | 11.7% |
Base year | 2023 |
Forecast period | (2024-2031) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Automotive Door Hinges Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Door Hinges Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Door Hinges Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Door Hinges Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG25A2238
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