Report ID: SQMIG25A2238
Report ID:
SQMIG25A2238 |
Region:
Global |
Published Date: April, 2024
Pages:
221
|
Tables:
115 |
Figures:
74
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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Report ID: SQMIG25A2238