The global automotive door hinges market is expected to attain a valuation of USD 4.6 billion in 2023 and is projected to reach USD 7.9 billion by 2033, rising at a CAGR of 5.5% during the forecast period.
The increasing popularity of electric vehicles, coupled with their high reliability and durability, is expected to drive market growth. Growing urbanization and subsequent demand for private transportation are expected to fuel market expansion.
Furthermore, shorter lead times and reduced requirements for equipment and machinery are anticipated to propel the demand for automotive door hinges during the forecast period.
The market for lightweight components has experienced significant growth due to changing consumer preferences towards reducing the overall weight of vehicles. The increasing demand for door replacement is expected to shape the demand outlook of automotive hinges.
This demand is primarily fuelled by the rise in vehicle accidents, as collisions often lead to damaged side or back doors requiring replacement.
Advancements in automotive door systems, such as the Automotive Vertical Door Opening System (AVDOS), are contributing to the growth of hinge sales. AVDOS, which utilizes a single hinge instead of two, is particularly popular in vehicles such as vans and cars that have upward-opening doors.
Attribute | Details |
---|---|
Expected Market Value (2023) | USD 4.6 billion |
Anticipated Forecast Value (2033) | USD 7.9 billion |
Projected Growth Rate (2023 to 2033) | CAGR 5.5% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The automotive door hinges market was worth USD 3.6 billion in 2017. It accumulated a market value of USD 4.3 billion in 2022 while growing at a CAGR of 3.6% during the historical period.
According to studies, car sales are projected to experience a significant growth of more than 15% in 2023, with commercial vehicle sales accounting for approximately 16% of the total. Additionally, with a growing focus on ambitious carbon emission reduction targets, electric vehicle sales are expected to see a substantial increase.
Projections indicate that electric vehicle sales will reach approximately 3.6 million units in 2023. Exciting vehicle launches are also eagerly anticipated, including models like the Audi eTron GT, BMW iX3, and the Mustang Mach E, among others.
The introduction of new vehicles is creating a favorable environment for the automotive door hinges market, as manufacturers strive to offer advanced and robust product ranges.
These ranges are designed with state-of-the-art features, incorporating lightweight and durable construction materials. The industry is witnessing a race among manufacturers to meet the growing demand for sophisticated automotive door hinges.
In 2019, sales in the United States market experienced a 2% decline, resulting in a total of 16.9 million units. The automotive industry faced challenges due to prolonged lockdowns and social distancing measures, limiting significant gains.
However, amidst these obstacles, there was a positive aspect as the popularity of electric vehicles observed a notable increase. The trend is expected to remain on a positive side, which might offer new opportunities for market growth.
In 2023 and beyond, the growing preference for electric vehicles (EVs) is expected to sustain the market's growth prospects. Manufacturers are increasingly focused on leveraging sleek vehicle designs that occupy minimal space, prioritizing lightweight construction, and emphasizing enhanced performance.
These trends are set to drive the market forward. The market is projected to be worth USD 7.9 billion by the end of forecast period while exhibiting a CAGR of 5.5%.
Development of Sophisticated Products to Fuel Market Growth
The global automotive industry is expected to flourish due to growing demand for vehicles worldwide. The growing popularity of sport utility vehicles (SUVs) and other passenger automobiles is anticipated to drive the expansion of automotive door hinges systems throughout the forecast period.
Based on statistics, there was around 15% growth in automobile sales in 2021, with commercial vehicle sales comprising 16% of the total. Exciting vehicle launches such as the Audi eTron GT, BMW iX3, and Mustang Mach E are on the horizon.
As a result, manufacturers are in a competitive race to develop highly sophisticated, state-of-the-art, and robust product lines that incorporate lightweight and durable construction materials. These developments are proving extremely favorable for the automobile door hinges market.
The increasing need to enhance the safety of both drivers and passengers is fuelling the demand for efficient automotive door hinge systems. Moreover, advancements in the automotive industry have led to a surge in demand for advanced tailgate and bonnet hinges, raising concerns regarding vehicle safety and security.
The implementation of mass manufacturing techniques and the integration of technologies like artificial intelligence and machine learning are bolstering the automotive industry. This is expected to positively influence overall industry expansion.
Limited Scope for Technological Advancements Restraining Market Growth
The limited opportunities for technological advancements and innovations in the field of door hinges are expected to restrain market growth during the forecast period.
United States Driving Growth with Significant CAGR
North America is expected to accumulate over 36% market share by end of the forecast period. The market in this region is expected to grow with a CAGR of 5.2% during the forecast period. Factors such as rising production of luxury passenger cars and increasing adoption of electric vehicles are expected to drive regional market.
United States is expected to dominate the automotive door hinges market in North America. The region is expected to grow with a CAGR of 5.3% during the forecast period.
Vehicle door hinges play a crucial role in maintaining the safety of drivers and passengers by securely connecting the doors to the vehicle body. In the United States, it is mandatory to meet the FMVSS0206 safety standard established by the National Highway Traffic Safety Administration.
This standard ensures that automotive doors remain attached to the vehicle during accidents. As a result, automotive manufacturers are obligated to adhere to these safety regulations to ensure compliance and enhance overall safety.
According to the standard, manufacturers are required to conduct a hinge strength test on vehicles before their release. This test applies force in two directions (X and Y axes) to the door hinge.
The hinge should not break during this process, and the stress applied should not exceed the ultimate tensile strength of the hinge material. These measures ensure that the hinges meet the necessary durability requirements for safe operation.
In the door durability test, it is essential that multiple opening and closure cycles do not cause any damage, no matter how minor.
These strict guidelines drive automotive door hinge manufacturers to utilize a variety of highly durable yet lightweight materials. This trend enhances growth opportunities for manufacturers specializing in aluminum and brass-based door hinges nationwide.
China Driving Growth with a Significant CAGR
China is expected to dominate the automotive door hinges market in Asia Pacific during the forecast period. China is expected to account for over 28% market share by end of the forecast period. The regional market is expected to grow with a CAGR of 5.7% during the forecast period.
The Chinese market is expected to maintain its global dominance in the automotive industry. According to the China Association of Automobile Manufacturers, new vehicle sales were projected to grow by 4% and reach 26 million units by 2021.
The forecast indicates that while light commercial vehicles (LCVs) are likely to experience growth of over 7%, the demand for new commercial vehicles is expected to decrease by 10%.
The sales of new electrified and hybrid plug-in vehicles are projected to experience a significant surge of 40% and reach nearly 2 million units. With such a promising forecast, the market for automotive components is expected to witness a steep incline, creating opportunities for increased automotive door hinge sales.
With the receding pandemic, government authorities are granting approvals for various pipeline projects within their respective territories. Moreover, overseas projects in countries like India and the United States are anticipated to resume.
Presently, negotiations are underway with the Indian government to facilitate approximately 45 investment projects, including the Great Wall Motor Project and SAIC Motor Corp project. These initiatives are expected to significantly expand growth prospects in the regional industry.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Aftermarket Driving Market Growth with a Promising CAGR
The aftermarket segment is expected to grow with a CAGR of 5.9% throughout the forecast period.
The aftermarket sector is poised to witness significant growth, while sales in OEMs are also expected to remain robust, as the automotive production outlook remains positive. The aftermarket growth is expected to be fuelled by the increasing need for regular maintenance services.
The aftermarket segment is populated by a number of local manufacturers that have established a strong presence. Prominent companies in this sector include Marlboro Manufacturing Inc., Sierra Pacific Engineering & Products, S & D Products Inc., Hardware Mfg., and Jefco Manufacturing.
These manufacturers have formed robust partnerships with significant automotive players in their respective regions to expand their reach. This is expected to help drive growth of the segment during the forecast period.
Steel Segment Driving Market Growth with Significant CAGR
The steel segment is expected to grow with a CAGR of 6% in the automotive door hinge market during the forecast period.
The preference for steel-based automotive door hinges is expected to persist in 2023 and beyond, primarily due to their superior anti-corrosion properties. Additionally, the adoption of anti-friction coatings on steel hinges is anticipated to provide significant advantages.
Players like DuPont Systems are introducing product lines such as MOLYKOTE® Smart LubricationTM solutions, which are likely to generate substantial benefits in the market.
The coating applied to automotive door hinges helps retain solid lubricants on the surface, resulting in a running-in effect and creating a highly smooth surface that covers any surface irregularities of the underlying material.
Moreover, manufacturers are focusing on integrating lightweight stainless steel hinges into their designs. For example, Jiaxing Panda Precision Components specializes in producing car door hinges that combine carbon steel, stainless steel, and aluminum to achieve optimal performance.
Start-ups are crucial in identifying growth opportunities, including automotive door hinges market. They efficiently convert inputs to outputs and adapt to market changes, contributing to the industry's expansion. Some start-ups are expected to drive growth in the automotive door hinges market.
The automotive door hinges market 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.
Some recent developments in the market are:
Key market 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 market.
Attribute | Details |
---|---|
Market Value in 2023 | USD 4.6 billion |
Market Value in 2033 | USD 7.9 billion |
Growth Rate | CAGR of 5.5% from 2023 to 2033 |
Base Year for Estimation | 2022 |
Historical Data | 2017 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD billion and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered |
Sales Channel, Material, Product Type, Vehicle Type, Region |
Regions Covered |
North America; Latin America; Europe; Asia Pacific;Middle East & Africa |
Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, India, China, Japan, Malaysia, Singapore, Thailand, South Korea, Australia, New Zealand, GCC Countries, South Africa, Israel |
Key Companies Profiled | Dura Automotive LLC; Magna International Inc.; Aisin Seiki Co. Ltd.; Gestamp Group; Multimac Inc.; Brano Group; DEE Emm Giken; ER Wagner; Midlake Products & Mfg. Company Inc.; Pinnet Industrie; Monroe Hinge; Rell Precision Manufacturing Inc.; The Paneloc Corporation; Saint Gobain |
Customization & Pricing | Available Upon Request |
The growing demand for vehicles across the globe is anticipated to drive sales.
Magna International Inc, Pinnet Industrie, and Gestamp Group are the key players in the market.
North America is projected to expand at 5.2%% CAGR through 2033.
The market is valued at USD 7.9 billion in 2023.
The steel segment contributes 6% of total production.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Material 5.1. Steel 5.2. Aluminum 5.3. Brass 5.4. Bronze 5.5. Composite Material 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Sales Channel 6.1. OEM 6.2. After Market 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product Type 7.1. Front & Rear 7.2. Tailgate Hinges/ Bonnet Hinges 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Vehicle Type 8.1. Passenger Car 8.1.1. Compact 8.1.2. Mid-Size 8.1.3. Luxury 8.1.4. SUV 8.2. LCV 8.3. HCV 9. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. MEA 10. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. Asia Pacific Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. MEA Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1.1. Dura Automotive LLC 17.1.2. Magna International Inc. 17.1.3. Aisin Seiki Co. Ltd. 17.1.4. Gestamp Group 17.1.5. Multimac Inc. 17.1.6. Brano Group 17.1.7. DEE Emm Giken 17.1.8. ER Wagner 17.1.9. Midlake Products & Mfg. Company Inc. 17.1.10. Pinnet Industrie 17.1.11. Monroe Hinge 17.1.12. Rell Precision Manufacturing Inc. 17.1.13. The Paneloc Corporation 17.1.14. Saint Gobain 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Automotive Insights
View Reports