Automotive hinges Market Growth Opportunities, A Detailed Analysis...

Automotive hinges Market Growth Opportunities, A Detailed Analysis of Current Trends and Future Projections for 2032

Posted 2023-07-10 12:37:35

Market highlights

Global Automotive hinges market is anticipated to register a significant CAGR of 4% between 2023 and 2030. Automotive hinges are mechanical bearing which used for connecting the automotive components such as doors, trunk or tailgate, hood, and fuel cap to the automotive body. The Automotive hinges allow open a door or hood at a certain angle between the automotive body and door or hood.

The two vehicle parts that are joined together by automotive hinges rotate relative to one another around a constant axis of rotation. The type of material used for automotive hinges depends on the application; for example, steel or another heavy material is needed for the doors, hood, and tailgate, but not for the fuel cap. Automotive hinges that are electronically driven are used in luxury and sports automobiles to automatically open the doors. The rear trunk or tail gate of the compact and mid-size cars is opened utilising electric powered hinges. Another crucial component of an automobile that guards against direct contact between the fuel and the environment is the fuel cap.

Key players

Key players in the global Automotive hinges market size are gestamp, scissor doors inc., orchid international, midlake custom hinges, aisin seiki, eberhard manufacturing company, gaoming ligang precision casting co., ltd., multimatic, magna international, and dura automotive systems.

Based on region, the global Automotive hinges market size has been segmented into north america, europe, asia-pacific, and the rest of the world. The automotive development in the asia pacific is expected to grow the demand for the Automotive hinges market size. North america has prominent share of the automotive hinge market because of the increasing automotive vehicle fleet in the region. The rising demand for the electric vehicle is likely to propel the demand for the Automotive hinges market size. The china is expected to have prominent market because of the increasing automotive vehicle production. The regulation on the old vehicle by the regulatory body is likely to drive the demand for the Automotive hinges market size.

Global Automotive hinges market size has been segmented by material, sales channel, vehicle type, product, and region. Based on material, the global Automotive hinges market size can be bifurcated into steel, aluminum, and composite material. The steel segment is anticipated to grow at a significant CAGR in the coming years. By sales channel, the Automotive hinges market size has been split into oem and aftermarket. The oem segment held a sizeable share and is anticipated to grow at a significant CAGR in the coming years. By vehicle type, the Automotive hinges market size has been split into passenger cars and commercial vehicles. The passenger cars segment held a sizeable share and is anticipated to grow at a significant CAGR in the coming years. By product, the Automotive hinges market size can be bifurcated into door, cabinet, hood, and others. The door segment is anticipated to grow at a significant CAGR in the coming years.

Global Automotive hinges market size size is anticipated to register a significant CAGR of 4% between 2023 and 2030.

Scope of the report

This report provides an in-depth analysis of the global Automotive hinges market size, tracking four market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights the market size and shares for north america, europe, asia-pacific, and the rest of the world. The report also presents a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global Automotive hinges market size by material, sales channel, vehicle type, product, and region