Door Hinge Market Size, Share, Development by 2023
Door hinges is a wide variety of materials such as solid brass and stainless hinges, finishes and sizes designed to fit any residential door or commercial need.
The whole Door Hinge is a low concentration industry,china has almost thousand of hinge manufacturer and their product mainly focus on low-end furniture market,the price is low than foreign manufacturer.
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Global Door Hinge Market: Forecast by Type / Application / Region
Hettich, Blum, Grass,each of production market share is 4.68%,4.18%,3.19%%.The door hinge is low concentrated industry,the low-end product are major concentrated in china and taiwan,while the high-end product are concentrated in Europe,north America where the high-end furniture are manufactured.
The share of North America and Europe produced approximately 43.2% of the world’s door hinge prodcution in 2014. Over the same period, China’s door hinge market share is approximately 39.4%.
With the rapid growth of the national economy as well as the rapid development of downstream industries, the demand for real estate and furniture market will grow,it would stimulate the door hinge market and we forecast that the global market will grow to 2766 million USD in 2020.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field.
Although Door Hinge brings a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
Over the next five years, LPI(LP Information) projects that Door Hinge will register a 7.9% CAGR in terms of revenue, reach US$ 3490 million by 2023, from US$ 2380 million in 2017.
Global Door Hinge Market: Key Players
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United States Door Hinge Market Research Report 2018
Europe Door Hinge Market Research Report 2018
North America Door Hinge Market Research Report 2018
Asia-Pacific Door Hinge Market Research Report 2018
China Door Hinge Market Research Report 2018
EMEA Door Hinge Market Research Report 2018
Global Door Hinge Market Research Report 2018
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