Report Id: SNS/AUTO/1606 | June 2022 | Region: Global | 120 Pages
Report Scope & Overview:
Automotive Hinges Market Size was valued at USD 4.87 billion in 2022 and is expected to reach USD 6.77 billion by 2030 and grow at a CAGR of 4.2% over the forecast period 2023-2030.
Automotive hinges are mechanical bearings that connect automotive components to the vehicle's body, such as doors, trunks, hoods, and fuel caps. Automotive hinges allow a door or hood to open at a specific angle between the vehicle's body and the door or hood. The two automotive components connected by the automotive hinges are rotated around a set axis of rotation in relation to one another. The materials used in automobile hinges are determined by the end-user. Electronically driven automobile hinges are used in luxury and sports cars to open the doors of the vehicles automatically.
Electric-driven hinges are used to open the vehicle's back trunk or tailgate in compact and mid-size cars. The fuel cap is also an important part of an automobile since it safeguards the direct connection between the fuel and the environment. The hood is only utilized in an emergency or for vehicle maintenance, which extends the life of automotive hood hinges when compared to other automotive hinges. Many manufacturers use composite material to reduce the weight of car hinges in order to reduce vehicle weight.
Magna International introduced the Comfort+TM door latch hinge in May 2020 to address issues about automobile door opening and shutting while also increasing interior silence. This innovative Automotive Door Hinge minimizes the amount of effort necessary to open and close the door, resulting in a consistent, smooth sensation.
Urbanization and industrialization are becoming more prevalent.
The market is expected to grow in response to the rising demand for private commutes due to the growing working population.
Infrastructure development is expected to boost demand for commercial vehicles, thereby affecting market demand.
Because of the growing vehicle fleet in the market, the automotive hinges industry is predicted to increase.
The automotive hinges' great dependability and longevity may function as a market limitation.
The demand for automobile hinges may be slowed by increased demand for luxury vehicles.
Customized antique car trends may also present a chance for the industry.
The industry is expected to be driven by government spending on public road transportation.
The rise in demand for electric vehicles, as well as the growth of the automotive industry.
Concerns about environmental safety.
The door hinges market's growth is constrained by a lack of innovation and R&D investments.
IMPACT OF COVID-19:
In the automotive industry, the COVID-19 epidemic has caused severe disruption. As a result, manufacturing facilities have been shut down, and sales have dropped. volume Furthermore, both commercial and passenger vehicle demand is predicted to decrease in 2020. Because vehicle production is directly related to the automotive door hinges business, this predicted drop will have a detrimental influence on the industry. The budget for research and development is expected to be cut, putting the development of car door hinges on hold. Companies, on the other hand, are taking cautious measures to combat the outbreak's negative effects.
KEY MARKET PLAYERS:
Orchid International, Dura Automotive System LLC, Brano Group, Tenneco Inc, Magna International Inc., Eberhard Manufacturing Company, Aisin Seiki Co. Ltd, Milan Metal System LLC, Wenzhou Rongan Auto Parts Co., Ltd, Global Rollforming System LLC, Saint Gobain, ER Wagner Manufacturers, Gestamp, Scissor Doors Inc., Midlake Custom Hinges, Orchid International, AISIN SEIKI, Eberhard Manufacturing Company, Multimatic, Gaoming Ligang Precision Casting Co., Ltd., and DURA Automotive Systems are some of the affluent competitors with significant market share in the Automotive Hinges Market.
Market, By Material Type:
Based on the Material type segment, the global market has been divided into Steel, Aluminum, Composite, and Others. In the following years, the steel segment is expected to develop at a considerable CAGR.
Market, By Product:
The global market has been divided into Door, Cabinet, Hood, and Others based on the product segment. In the following years, the Door segment is expected to increase at a considerable CAGR. The door hinge is an important part of the vehicle's door mechanism. It's on the inside of the door and acts as a connection between the door and the body. It bears the weight of the door and allows it to open and close, as well as the tailgate and hood.
Market, By Vehicle Type:
Based on the vehicle type segment, the global market has been divided into passenger cars and commercial vehicles. The strong demand for passenger automobiles around the world is to blame for this growth. The passenger car sector accounted for a substantial portion of the market and is expected to increase at a considerable CAGR in the future years.
By Material Type:
By Vehicle Type:
North America, Europe, Asia-Pacific, and the rest of the world are the segments of the worldwide market. The rise of the automobile industry in the Asia Pacific is likely to increase demand for the market. Because of the growing automotive vehicle fleet in the region, North America holds a significant proportion of the automotive hinge market. The growing popularity of electric vehicles is expected to boost market demand. Because of its growing motor vehicle production, China is likely to have a significant market share. The regulatory body's regulation on scrapping obsolete automobiles is expected to increase market demand. However, the spread of the pandemic has had a significant impact on the manufacturing sector, resulting in a recent market slowdown. As a result, the adoption of specific recommendations in the manufacturing sector will increase worker safety, resulting in market growth over the forecast period.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 4.87 Billion|
|Market Size by 2030||US$ 6.77 Billion|
|CAGR||CAGR of 4.2% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Material Type (Steel, Aluminum, Composite, Others)
• by Product (Door, Cabinet, Hood, Others)
• by Vehicle Type (Passenger cars, Commercial vehicles)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Orchid International, Dura Automotive System LLC, Brano Group, Tenneco Inc, Magna International Inc., Eberhard Manufacturing Company, Aisin Seiki Co. Ltd, Milan Metal System LLC, Wenzhou Rongan Auto Parts Co., Ltd, Global Rollforming System LLC, Saint Gobain, ER Wagner Manufacturers, Gestamp, Scissor Doors Inc., Midlake Custom Hinges, Orchid International, AISIN SEIKI, Eberhard Manufacturing Company, Multimatic, Gaoming Ligang Precision Casting Co., Ltd., and DURA Automotive Systems|
|Key Drivers||•Urbanization and industrialization are becoming more prevalent.
•The market is expected to grow in response to the rising demand for private commutes due to the growing working population.
|RESTRAINTS||•The automotive hinges' great dependability and longevity may function as a market limitation.
•The demand for automobile hinges may be slowed by increased demand for luxury vehicles.
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
126.96.36.199 United Kingdom
188.8.131.52 South Korea
184.108.40.206 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Hinges Market Segmentation, by Material Type
9. Global Automotive Hinges Market Segmentation, by Product
10. Global Automotive Hinges Market Segmentation, by Vehicle Type
10.1 Passenger cars
10.2 Commercial vehicles
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 DURA Automotive Systems,
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Orchid International
12.3 Dura Automotive System LLC
12.4 Brano Group
12.5 Tenneco Inc
12.6 Magna International Inc.
12.7 Eberhard Manufacturing Company
12.8 Aisin Seiki Co. Ltd
12.9 Milan Metal System LLC
12.10 Wenzhou Rongan Auto Parts Co., Ltd
12.11 Global Rollforming System LLC
12.12 Saint Gobain
12.13 ER Wagner Manufacturers
12.15 Scissor Doors Inc.
12.16 Midlake Custom Hinges
12.17 Orchid International
12.18 AISIN SEIKI
12.19 Eberhard Manufacturing Company
12.21 Gaoming Ligang Precision Casting Co., Ltd.
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
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