USD 4.87 billion
Global Automotive Hinges Market Size, Share, Growth Analysis, By Type(Door Hinges, Hood Hinges), By Material (Steel, Aluminum), By Vehicle Type(Passenger Vehicles, and Commercial Vehicles) - Industry Forecast 2024-2031
Report ID:
SQMIG25A2211 |
Region:
Global |
Published Date: April, 2024
Pages:
222
|
Tables:
90 |
Figures:
76
Global Automotive Hinges Market Insights
Automotive Hinges Market size was valued at USD 4.87 billion in 2022 and is poised to grow from USD 5.07 billion in 2023 to USD 7.05 billion by 2031, growing at a CAGR of 4.2% in the forecast period (2024-2031).
The global automotive hinges market showcases a dynamic landscape inspired via various factors. The market is driven by using the thriving automotive enterprise, in particular the production of passenger automobiles, business motors, and electric powered vehicles, creating a sustained demand for hinges. Stringent protection policies and the non-stop emphasis on automobile lightweighting contribute to the adoption of advanced hinge materials and designs.
Additionally, improvements in smart and sensor-primarily based hinge technologies are shaping the market, supplying enhanced protection features. Regionally, Asia-Pacific remains a chief contributor, because of its tremendous automotive production. Overall, the automobile hinges market is characterized by the aid of technological advancements, regulatory compliance, and the ever-evolving car production landscape.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Door Hinges
Fastest Growth
Tailgate Hinges
Growth Rate
4.2% CAGR
Global Automotive Hinges Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Automotive Hinges Market By Type ($ Bn)
Global Automotive Hinges Market By Type(%)
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Global Automotive Hinges Market Segmental Analysis
The global Automotive Hinges market is segmented into four major segments i.e. by Type, Material, Vehicle Type, and region. Based on Type, it is divided into Door Hinges, Hood Hinges, Tailgate Hinges, Trunk Hinges. Based on Transmission Type, it is bifurcated as Steel, Aluminium, Composite Materials. Based on Repair Service Type it is segregated into, Passenger Vehicles, Commercial Vehicles. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
Automotive Hinges Market Analysis by Type of Robot
Door hinges are vital components in all kinds of motors, and the excessive frequency of use, alongside the complexity of cutting-edge vehicle door designs, contributes to their dominance. The demand for long lasting and reliable door hinge systems remains steady across passenger vehicles and business vehicles.
The tailgate hinges section is probably to enjoy fast growth, pushed via the increasing recognition of SUVs, crossovers, and vans. These motors regularly function complicated tailgate designs, incorporating electricity liftgates, palms-unfastened get admission to, and different advanced functionalities. As client preferences shift closer to software vehicles, the demand for innovative tailgate hinge solutions is anticipated to upward thrust.
Automotive Hinges Market Analysis by Application
Door hinges play an essential position inside the capability and safety of motors. With the increasing production of passenger cars and the growing call for advanced safety features, the door hinges application is likely to dominate. Additionally, electric vehicles (EVs) and self-sufficient cars regularly function unique door designs, contributing to the importance of door hinge programs.
The tailgates software is predicted to enjoy fast increase, driven via the growing reputation of SUVs and trucks globally. These automobiles frequently come geared up with superior tailgate functionalities, such as power liftgates, hands-unfastened get admission to, and multifunctional tailgate designs. As automakers innovate to decorate the application and comfort of tailgates, the demand for advanced tailgate hinge structures is likely to develop.
Global Automotive Hinges Market By Type, 2022 (%)
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Global Automotive Hinges Market Regional Insights
Asia-Pacific, in particular international locations like China, Japan, and India, dominates because of its status as a worldwide automotive production hub. The region's massive production of passenger motors and industrial motors contributes extensively to the call for automobile hinges.
Europe, with predominant automotive production countries like Germany, contributes significantly to the worldwide automobile enterprise. The location's commitment to excellent production and advanced car technology positions it as a dominant marketplace for automobile hinges.
Global Automotive Hinges Market By Region, 2024-2031
- Largest
- Fastest
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Global Automotive Hinges Market Dynamics
Automotive Hinges Market Drivers
Increasing Automotive Enterprise
- The expanding automotive enterprise, driven through rising customer call for cars, stimulates the manufacturing of cars, finally increasing the demand for automobile additives, which include hinges. Stringent safety guidelines worldwide play a critical position, necessitating superior hinge structures that beautify car protection and meet regulatory standards.
Increasing Non-stop Evolution of Vehicle Designs
- The non-stop evolution of vehicle designs, in particular the incorporation of advanced capabilities together with electric and self-reliant technology, fuels the demand for innovative and specialized hinge solutions.
Automotive Hinges Market Restraints
High Complexity of Present-Day Automobile Designs
- One of the precept marketplace restraints is the increasing complexity of present-day automobile designs, which demands state-of-the-art hinge structures. This complexity contributes to higher production expenses and might pose challenges for smaller producers.
High Effect of Financial Fluctuations
- The market faces the effect of financial fluctuations, as car manufacturing is intently tied to economic situations. The stringent regulatory panorama, even as using innovation, also imposes compliance demanding situations and necessitates non-stop model to evolving standards.
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Global Automotive Hinges Market Competitive Landscape
The global shipping robot marketplace reveals a dynamic and characterised by means of the presence of set up players and continual innovations. The competitive dynamics involve strategic collaborations, mergers, and acquisitions to strengthen marketplace foothold and beautify technological abilities. Moreover, ongoing investments in studies and improvement permit businesses to introduce superior hinge answers, assembly the evolving needs of current vehicle designs.
Automotive Hinges Market Top Player’s Company Profiles
- Saint-Gobain
- Inteva Products
- Toyotetsu
- Multimatic
- Shiloh Industries
- Meidoh Co., Ltd.
- Shivani Locks
- Sandhar Technologies
- Boone Supply
- Saint Jean Industries
- Huf Group
- Lisi Automotive
- Midlake Products
- Tech Mould
- Stratosphere Quality
- Gestamp North America
- Anvis Group
Automotive Hinges Market Recent Developments
- September 2023: Helsinki's pilot application expands, trying out an self-sufficient transport robot for doorstep parcel shipping in Ruoholahti and Jätkäsaari. This second section, controlled by using Forum Virium Helsinki, builds upon an earlier trial and keeps till the cease of 2023.
- October 2023: Brano Group, a European corporation, has partnered with a main EV manufacturer to supply light-weight aluminum hinges for his or her upcoming SUV version. This collaboration highlights the focal point on optimizing vehicle weight and overall performance inside the EV panorama
- December 2023: Tenneco, some other key player inside the vehicle components enterprise, is pushing the boundaries of capability with its launch of the modern "Smart Hinge" machine. This machine integrates sensors and actuators, enabling automated door establishing and remaining based totally on elements like motive force proximity and car environment.
- October 2023: Rongan Auto Parts has secured a considerable settlement to deliver hinges for a modern-day electric powered pickup truck model from a North American automaker. These traits show off the developing significance of specialized components catering to the specific demands of electric motors.
Global Automotive Hinges Key Market Trends
- Rising Shift Towards Lightweight Materials: The discernible shift in the direction of lightweight substances, driven with the aid of the car enterprise's emphasis on fuel performance and decreased emissions. Innovative hinge designs incorporating materials like aluminium and advanced composites address this demand. Additionally, the integration of clever and sensor-based technologies in automotive hinges is gaining traction, improving protection functions and contributing to the improvement of self-sustaining and electric automobiles.
Global Automotive Hinges Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Automotive Hinges market assessment well-known a dynamic marketplace with some of standout tendencies and issues. The market experiences robust growth propelled by the expanding automotive sector, stringent safety regulations, and evolving vehicle designs. However, the market faces challenges such as the increasing complexity of modern vehicle structures, economic fluctuations, and stringent regulatory compliance. Door hinges dominate the product type analysis, driven by their integral role in vehicle safety. Asia-Pacific leads regionally due to significant automotive production. Key trends include the shift towards lightweight materials, integration of smart technologies, and the emergence of modular hinge systems, reflecting the industry's dynamic response to fuel efficiency, safety, and innovative vehicle designs.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 4.87 billion |
| Market size value in 2031 | USD 7.05 billion |
| Growth Rate | 4.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Automotive Hinges Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Automotive Hinges Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Automotive Hinges Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Automotive Hinges Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Automotive Hinges Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Automotive Hinges Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Automotive Hinges Market Report Snapshots
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