2021 Automotive Door Hinges Market - Size, Share, Competition and Forecasts to 2027

Description:
The global automotive door hinge market has shown positive growth in the recent years and is expected to show promising growth over the forecast period 2021 to 2027 at a CAGR of 4.11% to reap revenues of USD 8.33 billion by 2027.

Limited equipment and machinery requirement and short lead-time are key factors for the growth of the automotive door hinges market. The growth is driven by increasing vehicle ownerships and rising ride sharing vehicle fleets in the recent years.

The growth is expected to have continued growth and will be mainly due to increasing demand for vehicles is that drive the demand for automotive door hinges, globally. Fast growing of automotive production would be a clear factor influencing the market growth.
Moreover, increasing automotive production shows that the OEM sales channel will remain as a key contributor to market value growth over the forecast period.

Major Trends, Drivers and Challenges:
Development of advanced explosive automotive hinges - The automobiles are met with several kinds of accidents and some accidents can cause chassis to deform and make it extremely difficult to open the doors. Time lost in those situations will lead to several deaths. To avoid this, the automobile doors should be easily openable and should help in faster escape from automobiles.
Growing Focus for Developing Simplified Door Hinge Kits - Companies are constantly focusing on enhancing their product portfolio by introducing several new improvements to the automotive door hinges. One of the key product innovations in the door hinge includes hood hinges.
Growing Demand for Lightweight Components - The market for lightweight components has been significantly increasing with the changing customer preference for reducing the total weight of the automobiles.
Growing demand for replacement of doors (Aftermarket Hinges) - Increasing car accidents is one of the key factors for the growth of door hinges market globally. Most of the accidents lead to the replacement of doors, either side doors or back doors when they damaged during the impact.
New door designs and opening styles to decrease the hinges sales - The new technological developments in the automotive door systems such as automotive vertical door opening system (AVDOS) that uses only one hinge instead of conventional two hinges especially in the vans and cars that uses upward opening.

Leading Segments Information:
Door Hinges remains the most Dominant Application segment in 2020 with xx.x% market share. Hinge manufacturers are focusing on using aluminum alloys instead to steel to achieve fuel efficiency. The weight of the hinge reduces by around 65% by using aluminum.
North America stood the largest market for Automotive Door Hinges with xx.xx% market share worldwide in 2020.

Companies Profiled:
Gestamp Automocion, S.A.
Dura Automotive Systems, Inc.
Magna International Inc.
Multimatic Inc.
Aisin Seiki Co., Ltd

Segmentation:
Automotive Door Hinges Market, By Material
Stainless Steel
Aluminium Alloy

Automotive Door Hinges Market, By Application
Door Hinges
Bonnet Hinges
Others

Automotive Door Hinges Market, By End User
Commercial Vehicles
Passenger Vehicles
Off Road Vehicles

Automotive Door Hinges Market, By Geography
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
Middle East and Africa (Saudi Arabia, South Africa, Rest of MEA)
South and Central America (Brazil, Argentina, Chile, Rest of SCA)

Report Scope-
The report- ‘2021 Automotive Door Hinges Market - Size, Share, Competition and Forecasts to 2027’ presents growth projections in the Automotive Door Hinges Market between 2021 and 2027 for companies operating across different types, applications, and end-user verticals.

Short-term and long-term trends affecting the market landscape are included in the research. Further, market drivers, restraints, and potential opportunities are also provided in the report.

The Automotive Door Hinges Market report computes the 2020 market value in revenue terms based on the average Automotive Door Hinges prices and sales/revenue models of key companies operating in the Automotive Door Hinges Industry. The study forecasts the market size to 2027 for different types of Automotive Door Hinges and provides respective market share and growth rates.

The study discusses technological innovations and the potential shift in demand among various products in the Automotive Door Hinges Market, over the forecast period. The leading five companies in the Automotive Door Hinges Industry together with their products, key strategies, and comparisons are provided.

The Automotive Door Hinges Market size, share, and outlook across different types and applications are provided at geographic levels of North America, Asia Pacific, Europe, Middle East Africa, South and Central America. Further, country-level Automotive Door Hinges Market value is also provided.

All recent developments in Automotive Door Hinges Industry including mergers, acquisitions, contract awards, licenses, product launches, and expansion plans are included in the report.

• Base Year- 2020; Forecast period: 2021- 2027
• Publication frequency- Every six months
• Research Methodology- Data triangulation with top-down and Bottom-up approach are used for market size

Key Coverage of the Report -
• Global Automotive Door Hinges Industry size, 2020- 2027
• Market trends, drivers, restraints, and opportunities
• Porter’s Five forces analysis
• Types of Automotive Door Hinges , 2020-2027
• Automotive Door Hinges applications and end-user verticals market size, 2020- 2027
• Automotive Door Hinges Market size across countries, 2020- 2027
• 5 leading companies in the industry- overview, key strategies, financials, and products
• Latest market news and developments

Additional support -
• All the data presented in tables and charts of the report is provided in a separate Excel document
• Print authentication extended
• 10% free customization to include any specific data/analysis to match with the requirement
• 3 months of analyst support

The Report will be updated to the latest month and delivered within 2 business days