The global automotive door hinges industry is anticipated to reach a valuation of USD 4.6 billion in 2023 and is projected to grow to USD 7.9 billion by 2033, reflecting a compound annual growth rate (CAGR) of 5.5% during the forecast period.
Several factors are fueling the demand for automotive door hinges, including the increasing popularity of sport utility vehicles (SUVs) and passenger cars. The adoption of mass production techniques and advanced technologies such as artificial intelligence and machine learning is also driving growth in the automobile industry, thereby benefiting the automotive door hinges Industry.
A growing focus on driver and passenger safety is enhancing the demand for efficient automotive door hinge systems. Innovations in the automotive sector have led to a rise in demand for advanced tailgate and bonnet hinges, addressing critical safety and security concerns. These advancements are significantly propelling the Industry for automotive door hinge systems.
Urbanization and industrialization, combined with a growing working population’s need for personal transportation, are expected to further drive growth in the automotive hinges Industry. Additionally, global infrastructure development is likely to increase demand for commercial vehicles, which will also impact the automotive hinges Industry.
Government investments in public roadway transportation are anticipated to boost the automotive hinges Industry. The emergence of electric-operated hinges is expected to contribute to global demand as well. Moreover, the rising trend of customized vintage cars presents substantial opportunities for growth in the automotive hinges Industry.
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Key Takeaways
- United States automotive door hinges Industry is expected to grow with a CAGR of 5.3% during the forecast period.
- The Industry in China is expected to grow with a CAGR of 5.7% during the forecast period.
- By sales channel, afterIndustry is projected to grow with a significant CAGR of 5.9% during the forecast period.
- By material, steel segment is expected to grow with a CAGR of 6% throughout the forecast period.
“The introduction of electrically operated hinges and rising popularity of sports utility vehicles is expected to drive Industry growth during the forecast period”– comments an FMI Analyst
Competitive Landscape
The automotive door hinges Industry is highly competitive, with several key industry players investing heavily in the production of these services.
The key industry players are Dura Automotive LLC, Magna International Inc., Aisin Seiki Co. Ltd., DEE Emm Giken, ER Wagner, Midlake Products & Mfg. Company Inc., Pinnet Industrie, Monroe Hinge, Gestamp Group, Multimac Inc., Brano Group, Rell Precision Manufacturing Inc., The Paneloc Corporation, Saint Gobain.
Key Industry players are leveraging organic growth strategies like acquisition, mergers, tie-ups, and collaboration to bolster their product portfolio. This is expected to propel the global automotive door hinges Industry.
- In January 2022, Dura Automotive Systems marked a significant milestone with the official inauguration of its advanced manufacturing facility in Muscle Shoals, Alabama.
- In August 2021, Dura Automotive Systems announced its collaboration with ALMAC Co, LTD through a joint venture agreement. The partnership aims to manufacture automotive-grade aluminum extrusions and components that will contribute to enhancing the performance of lightweight and electric vehicle modules.
- In April 2022, AISIN Group incorporated the SUV-style Battery Electric Vehicle (BEV) called “bZ4X” into its product lineup. This vehicle represents the first model of Toyota’s bZ Series.
- In May 2019, Magna International introduced the Comfort+TM door latch hinge, a solution aimed at addressing concerns related to car door opening and closing while enhancing cabin quietness. This innovative Automotive Door Hinge reduces the effort required to operate the door and ensures a smooth and consistent feel during operation.
More Valuable Insights Available
Future Industry Insights offers an unbiased analysis of the global automotive door hinges Industry, providing historical data for 2017 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the automotive door hinges Industry, the Industry is segmented on the basis of sales channel, material, product, vehicle type and region.
Key Segments Profiled in the Automotive Door Hinges Industry Industry Survey
By Sales Channel:
- OEM
- After Industry
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
- Europe
- Asia Pacific
- Middle East & Africa
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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