Sluggish automotive industry growth through 2019 combined with disastrous downswings across 2020 induced by the coronavirus pandemic have significantly weighed down growth prospects for the global automotive door hinges market. Fortunately, rebounding car sales across markets such as China, combined with the enhanced scope for electric vehicles is likely to buoy the market through 2021, concludes ESOMAR-certified firm Future Market Insights, in its recently published report.
The demand for automotive door hinges is expected to grow in the future, driven by the increasing production of vehicles globally and the trend towards lightweight and high-strength materials.
Automotive door hinges are an essential component of a vehicle’s door assembly, providing a secure and reliable connection between the door and the body. They are typically made of steel or aluminum and are subject to wear and tear over time.
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The growth in the demand for automotive door hinges is expected to be driven by the increasing production of vehicles globally, particularly in emerging markets such as China, India, and Southeast Asia. In addition, the trend towards lightweight vehicles, which require lighter and stronger door hinges, is expected to further drive the demand for automotive door hinges.
The use of advanced materials, such as composites and high-strength steels, in the production of door hinges is also expected to contribute to the growth of the automotive door hinges market. These materials offer improved strength and durability compared to traditional materials, and they can help reduce the weight of the door assembly, improving overall vehicle fuel efficiency.
Furthermore, the development of more advanced door hinge designs, such as those with integrated sensors for improved safety and security, is expected to further drive the demand for automotive door hinges.
Growth Avenues abound across the EV Market
While the aforementioned trends induced a downturn in the recent past, prospects are likely to be elevated with constant emphasis on boosting EV production. Accounting for over 2% of global automotive sales, the electric car fleet is expanding swiftly, driven by ambitious policy announcements, according to estimates by the International Energy Agency.
Spiking sales of key EVs such as Chevrolet Bolt, Mitsubishi Outlander PHEV and Tesla Model 3 have led to a wider growth scope for sales of automotive door hinges in 2020 alone. With proposed EV charging infrastructure expansion and an imminent business recovery on the card in the post pandemic world, key door hinge manufacturers are anticipated to capitalize on the ever widening EV market landscape, prompting a slew of innovations and product launches.
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Key Takeaways
- Hybrid steel based automotive door hinges to acquire an elevated market share amid growing demand for enhanced strength
- By vehicle type, luxury passenger car door hinges to witness heightened sales
- Regular maintenance cycles to cement aftermarket automotive door hinge sales through 2021
- US to pivot North American market growth, attributed to stringent regulatory provisions concerning durability of automotive doors
- Prolific manufacturing technology advancements to bolster UK growth prospects
- Germany’s market growth banking on increasing future EV sales, emerging as the 2nd largest European market
- Post-pandemic recovery to post substantial gains across the Chinese automotive door hinges market
“Stringent automotive safety regulations to prevent accidents is prompting vehicle manufacturers to incorporate robust, lightweight yet durable construction material, accelerating growth prospects for automotive door hinge sales,” says an FMI analyst.
Competitive Landscape
According to FMI’s analysis, the automotive door hinges market is peppered with the presence of following players: Dura Automotive LLC, Magna International Inc., Aisin Seiki Co. Ltd., Gestamp Group, Multimatic Inc., Brano Group, DEE Emm Giken, ER Wagner, Midlake Products & Mfg. Company Inc., Pinet Industrie, Monroe Hinge, Rell Precision Manufacturing Inc., The Paneloc Corporation and Saint Gobain.
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Segmentation
By Sales Channel
- OEM
- After Market
By Material
- Steel
- Aluminum
- Brass/Bronze/Composite Material
By Product Type
- Front & Rear Automotive Door hinges
- Tailgate Hinges/ Bonnet Hinges
By Vehicle Type
- Passenger Car
- Compact
- Mid-Size
- Luxury
- SUV
- LCV
- HCV
By Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- MEA
- SEA
- China
- India
- Japan
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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