Emerging Opportunities in Automotive Door Hinges Market with Current Trends Analysis
Global Automotive Door Hinges Market: Market Dynamics
Positive growth of the parent and associated market signifies healthy growth opportunity in the global automotive door hinges market over the forecast period. Parent market growth signifies growth in the global automotive component industry. Furthermore, robustly growing automotive production would be an obvious factor boosting market growth. Particularly, developing nations, such as China and India where automotive production grew between 2-7% over past few years will have significant demand for automotive door hinges. Growing automotive production also signifies that the OEM sales channel will remain a major contributor to market value growth over the forecast period.
One of the challenges poised in the automotive door hinges market is the existing competition in the door hinges market. Unorganized players, i.e. small and medium scale companies hold a major share of the market, hence there is intense price pressure which forces players to cut down their profit margin to survive in the competitive market. Over the forecast period, the market may witness forward or backward integration as a significant trend, i.e. automotive component manufacturers may pursue backward integration by acquiring small players.
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Global Automotive Door Hinges Market: Segmentation
The global automotive door hinges market can be segmented by product type, vehicle type and sales channel.
By product type, the automotive door hinges market can be segmented into:
Front & Rear Door Hinges
By vehicle type, the automotive door hinges market can be segmented into:
Light Commercial Vehicles
Heavy Commercial Vehicles
By sales channel, the automotive door hinges market can be segmented into:
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Global Automotive Door Hinges Market: Region Wise Outlook
By region, the manufacturing of automotive door hinges will be highly concentrated in major automotive hubs. As per some of the industry participants, majority of demand for door hinges is sourced locally and import/export of automotive door hinges remains limited. However, major automotive component manufacturing hubs, such as China, India, Japan, South Korea, etc. are expected to account for notable import & export over the forecast period. Asia Pacific is expected to hold a dominant market share in the global automotive door hinges market. Following Asia Pacific, Europe and North America are expected to be the next big markets in terms of demand, with U.S., Germany, Spain, the U.K., and France being major contributors to the market growth, as healthy upsurge in vehicle production is expected. Latin America and Middle East & Africa are expected to witness marginal growth, owing to limited automotive production.
Global Automotive Door Hinges Market: Market Participants
Examples of market participants identified in the automotive door hinges market include:
Midlake Custom Hinges
Gaoming Ligang Precision Casting Co., Ltd.
Scissor Doors Inc.
Wenzhou Rongan Auto Parts Co., Ltd.
Eberhard Manufacturing Company
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