The Global Automotive Door Guards Market is projected to reach US$ 325.2 Million in 2032. The surge in demand for vehicles across the globe is driving the demand for Automotive Door Guards.
According to FMI, the Global Automotive Door Guards Market is estimated to be valued at US$ 190.4 Million by end of 2022 and is projected to increase at a CAGR of 6.1% in the forecast period from 2022 to 2032.
| Attributes | Details |
|---|---|
| Market Size (2021) | US$ 178.9 Million |
| Market Size 2022 | US$ 190.4 Million |
| Market Size 2032 | US$ 325.2 Million |
| Value CAGR (2022 to 2032) | 6.1% |
Automotive door guards are a structural part of a car that is used to safeguard both the car and the people within in the event of an accident or collision. Cars often participate in collisions and crashes due to lateral forces acting on the side of the vehicle. Some of the issues that are relevant to doors are their vulnerability to damage and susceptibility to poor forcing. This has motivated the development of car-door safety measures to minimize this threat.
The car door guards are mounted inside the door panel and built of strong and lightweight material because they must withstand direct and powerful impact. Additionally, they must be lightweight to not affect the vehicle's performance.
Automobile door guards are available in a range of sizes, shapes, and styles. These are typically made of steel, aluminium, or high-strength plastic. These materials have excellent manufacturing qualities, including malleability and ductility, corrosion resistance, strength, and durability, which enable them to be moulded into a variety of forms and sizes to fulfil the requirements of automobiles.
The manufacturers are designing the door panels with strong and lightweight materials to enhance the overall safety of vehicles; this is expected to significantly drive the global automotive door guards market.
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The analysis of Automotive Door Guards demand from 2017 to 2021 showed a historical growth rate of 3.4% CAGR. The significant demand for premium vehicles, including Passenger cars, SUVs, and battery-operated vehicles on a global scale, was the main factor driving the expansion of the automotive door guards market during the historic period.
With the impact of the COVID crisis on the global economy, various manufacturing sectors including the automotive vehicle and spare parts manufacturing sectors were both significantly impacted by the coronavirus spread. The automotive manufacturing sector had been shut down as a result of the significant shortage of raw materials required to manufacture vehicle components.
Also, the manufacturing facility of materials like steel, Aluminium, and plastic composites shut down due to a shortage of raw materials and restrictions in the supply chain network.
As door guards are produced from these types of materials, this reduction in manufacturing impacted the overall Market growth. However, the increasing popularity of green mobility & Increasing vehicle safety concerns is expected to boost the market growth in the upcoming period.
The expansion of the global Automotive Door Guards Market is anticipated to be fueled by rising safety concerns for vehicle and vehicle production.
Additionally, increasing industrialization with the development of the automobile sector, economic development, and improved standard of living of the consumers with increased spending power around the world has increased the demand and sale for premium vehicles, commercial vehicles, and passenger vehicles, which is ultimately driving the growth of the Automotive Door Guards Market.
According to research conducted by the ASIRT (Association of Safe International Road Travel), every year around 1.3 million people die in road accidents, on average 3,287 deaths per day besides 20 to 5o million people are disabled or injured.
This has obliged the government authorities along with auto-makers to follow strict rules and regulations for safe vehicle production. The manufacturers are being forced to test and produce vehicles according to industry safety standards. Hence the products like automotive door guards are estimated to be one of the best safety solutions.
Similarly, owing to the growing industrialization and urbanization of developing nations, sectors like e-commerce, import-export, and the food industry is also developing, these businesses require heavy and light commercial vehicles as a transportation solution, which will increase vehicle sales and result in the growth of the targeted market.
These overall sales, installations of door guards for existing vehicles and subsequent replacement from the aftermarket, and mainly increasing preference for safety features in all types of vehicles have increased the demand for automotive door guards, and hence, the market is forecasted to grow more rapidly in the future.
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In this new era of industrialization, new and innovative technologies are being discovered for manufacturing reliable and virtuous automobile components like door guards that can be perfectly mounted in an automobile. This new technology introduces itself in manufacturing with various advantages which will produce new opportunities for our targeted market growth.
Manufacturing technology such as 3D printing (additive manufacturing) enhances the process along with enabling the manufacturers to produce components with complex designs & shapes and various sizes, this is anticipated to be a remarkable achievement in the automotive door guards market over the forecast period.
The invention, research & development of new materials from different lightweight alloys having long life will play a significant role in the global automotive door guards market in the coming years.
Geographically, the market is sub-segmented into the region of North America, Latin America, Europe, East Asia, South Asia, and the Middle East & Africa. Europe and North America are among the top regions in terms of consumption of door guards due to increasing vehicle safety regulations by local governments, and they will collectively account for a significant share of the global automotive door guards market in 2021.
North America and Europe have high living standards with lavish lifestyles and high disposable incomes, with high disposable income, peoples are more likely to spend money to buy luxurious passenger cars. This will result in a rise in sales of vehicles in the region, which has steered to the growth of automotive door guards.
Moreover, the USA is one of the nations with the highest number of fatal road accidents per million people. this has forced both the government and the auto industry to follow stringent laws and regulations to produce safe vehicles. This will be benefitted the growth of the targeted market.
A developed nation like Germany which has the automotive industry as a core business creates opportunities for door guard market growth. the fast-growing demand for automotive safety parts in the vehicle is anticipated to act as a catalyst for the growth of the targeted market soon.
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Key players operating in the Global Automotive Door Guards Market include KIRCHHOFF Automotive GmbH, DuPont, H-One Co. ltd, GNS America, Benteler International AG, KVA STAINLESS, Founder Land CO., LTD., Shiloh Industries, Gestamp, IFB Automotive Private Limited, Arvin Sango, Inc., AISIN TAKAOKA CO., LTD, etc.
The Global Automotive Door Guards Market is Moderately Fragmented. More than 30% to 50% of the market share is held by the top firms. Companies are collaborating and acquiring competitors to increase their company operations and foreign direct investment, which is anticipated to fuel the expansion of the automotive door guards market.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.10% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Material Type, Vehicle Type, Application, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; The Middle East and Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, United Kingdom, France, BENELUX, Italy, Spain, Russia, China, Japan, India, Turkey, South Africa, Northern Africa, GCC Countries, Australia |
| Key Companies Profiled | KIRCHHOFF Automotive GmbH; DuPont; H-One Co. ltd; GNS America; Benteler International AG; KVA STAINLESS; Founder Land CO., LTD.; Shiloh Industries; Gestamp; IFB Automotive Private Limited; Arvin Sango, Inc.; AISIN TAKAOKA CO., LTD. |
| Customization & Pricing | Available upon Request |
In 2021, the value of the Global Automotive Door Guards Market reached over US$ 178.9 Mn.
During the forecast period, the Global Automotive Door Guards Market is estimated to expand at a CAGR of 6.10% during 2022-2032.
The Global Automotive Door Guards Market is projected to reach US$ 325.2 Mn by the end of 2032.
Europe and North America are projected to lead the Global Automotive Door Guards Market in the forecast period.
The key players operating in the Global Automotive Door Guards Market are KIRCHHOFF Automotive GmbH, DuPont, H-One Co. ltd, GNS America, Benteler International AG, KVA STAINLESS, Founder Land CO., LTD., Shiloh Industries, Gestamp, IFB Automotive Private Limited, Arvin Sango, Inc., AISIN TAKAOKA CO., LTD. ltd., etc.
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