Automotive Door Panel Market Size,Share,Growth,Competition,Trends,Growth Opportunities and Forecast (2024-2031)
Automotive door panels are components that allow passengers to enter and exit a vehicle. The primary role played by an automotive door panel is securing the passengers of the vehicle from the car’s surroundings.Door panels are different for every vehicle and also play an important role in improving the aesthetics of the vehicle. Automotive door panels are typically made up of steel, aluminum, and plastic composites.
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Market Dynamics
Automotive Door Panel Market, Rising global automotive sales owing to the growth in disposable incomes of the middle-class population, the rise in the number of four-wheelers accidents, and stringent emission norms which are propelling manufacturers to adapt to lightweight materials are the major factors boosting the global automotive door panel market.Rising global automotive sales is a primary driver attributing to the growing demand for automotive door panel products.Automotive Door Panel Market, According to the Association of Motor Vehicles Manufacturers (OICA), 96.8 million vehicles were sold globally in 2017 compared to 93.9 million and 89.7 million in 2016 and 2015 witnessing a growth rate of 3.08% in 2017 and 4.6% in 2016 respectively.
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Segment Analysis
The Global Automotive Door Panel Market has been segmented by type, material, type of vehicle, and geography.Based on the type of vehicle, the market is segmented as passenger vehicles and commercial vehicles. The passenger vehicles segment is the dominant segment of the global automotive door panel market owing to the rapidly increasing sales of passenger vehicles compared to commercial vehicles.The increasing growth of sales of global passenger vehicles is anticipated to propel the demand for automotive door panels.Based on the type, the market is segmented as front-hinged doors, rear-hinged doors, scissor doors, gullwing doors, and sliding doors.The front-hinged doors are the dominant segment by overall market share, followed closely by rear-hinged doors, owing to their increased use in passenger vehicles and commercial vehicles. Front-hinged and rear-hinged doors are easy to operate and incur low maintenance costs.
Competitive Landscape
Major players are Aisin Seiki Co, Faurecia SA, Brose Fahrzeugteile GmbH, KG Dura, Grupo Antolin, Draexlmaier Group, Yanfeng, International Automotive Components LLC, Samvardhana Motherson Reydel Companies (SMRC).
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