Automotive Door Hinges Market to grow at a CAGR of ~3.7% during 2018 - 2028

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Automotive Door Hinges Market set to Register
3.7 CAGR During 2018-2028 According to Market
Research

• Feb 2020

Report Id REP-GB-3498 Published On 25
Jan-2019 Category Automotive Transportation
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Automotive Door Hinges Market

• VALLEY COTTAGE, N.Y. (GLOBE NEWSWIRE) -- OEMs
  Steer Sales of Automotive Door Hinges via Quick
  Market Access Effective Strategies, Finds FMI
• The automotive door hinges market is likely to
  continue an upward spiral, with global sales
  likely to exceed 142 Mn units in 2019. The demand
  for automotive door hinges is likely to benefit
  from broader developments in the automotive space
  and associated structural components. These
  insights are as per a latest research study by
  FMI that projects an optimistic outlook for
  automotive hinges market in 2019 and beyond.
• As per the study, a cohort of factors, such as
  growing rate of automobile production and rising
  emphasis on upgrading performance of front as
  well as rear doors, continue to trigger
  investment in automotive door hinges. Owing to
  their role in terms of supporting the door
  weights and facilitating door flexibility,
  automotive door hinges are gaining notable
  traction. Particulars as such convey the
  never-ending importance and subsequent growth in
  adoption of automotive hinges over the forecast
  period, finds FMI study.
• Anti-corrosion properties of automotive hinges
  remain a prerequisite for end-users purchasing
  automotive door hinges, as it remains a key
  aspect determining their shelf-life and
  longevity. Manufacturers are responding to the
  rising importance of anti-corrosive automotive
  door hinges by implementing refined production
  strategies for developing highly-efficient
  products. According to the FMI research study,
  OEM will continue to steer sales of automotive
  door hinges in 2019, with global sales estimated
  in excess of 120 Mn units in 2019. Viable
  marketing strategies in tandem with thorough
  understanding of end-user needs in the automotive
  space are fuelling sales via OEMs.

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Automotive Door Hinges Market

• Steel Remains Highly Preferred in the
  Manufacturing of Automotive Door Hinges
• Manufacturing of automotive door hinges using
  stainless steel continues to gain favor, driven
  by strength and versatility amid adverse
  conditions, with global demand estimated to
  exceed 85 Mn units in 2019. Other materials,
  including brass, copper, bronze, and so on, are
  also being used in manufacturing of automotive
  door hinges, however the demand remains sluggish.
• As per the FMI report, the concept of lightweight
  designs are gaining significance in the
  automotive industry, notably for economic and
  environmental sustainability. The surging demand
  for lightweight components remains highly
  influenced by the massive shift of consumer
  preferences for weight reduction of automobiles.
  This trend has demonstrated deep-rooted impact on
  production of automotive door hinges, wherein
  lightweight hinges delivering spectacular
  performances are being increasingly
  commercialized.
• According to the FMI study, new research efforts
  are oriented toward understanding competencies of
  evolving hinge designs for seamless assistance in
  case of emergencies. New designs are being worked
  on with unparalleled capabilities to disassemble
  in emergencies, such as car drowning or fire
  mishaps. Particulars as such demonstrate ample
  scope for innovations and product developments in
  the automotive door hinges landscape.

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Automotive Door Hinges Market

• As per the FMI analysis, companies offering
  automotive door hinges, with a constant pursuit
  for growth, are entering into strategic
  partnerships, mergers, and acquisitions. In
  parallel with evolving market trends,
  well-planned partnerships established by
  manufacturing companies are likely to result in
  synergies that offer value, both for the
  acquiring as well acquired. The FMI report opines
  these strategies to be of great importance for
  manufacturing companies vis-à-vis tapping into
  new markets and gaining a significant edge. With
  the evolving patterns of economy and enhanced
  reach to new customer segments, strategic mergers
  and acquisitions are envisioned to offer
  solutions to multiple business problems and help
  gaining extended customer reach, notably for
  manufacturers who specifically cater to regional
  demands. For instance, Magna International Inc.
  acquired the BOCO Group of Companies in 2016 to
  enhance its product portfolio.
• Source of Press Release  https//www.globenewswir
  e.com/news-release/2019/03/28/1781480/0/en/Automot
  ive-Door-Hinges-Market-to-Witness-a-Healthy-Growth
  -of-US-11-219-6-Mn-by-2028-Future-Market-Insights.
  html
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• Future Market Insights (FMI) is a leading market
  intelligence and consulting firm. We deliver
  syndicated research reports, custom research
  reports and consulting services which are
  personalized in nature. FMI delivers a complete
  packaged solution, which combines current market
  intelligence, statistical anecdotes, technology
  inputs, valuable growth insights and an aerial
  view of the competitive framework and future
  market trends.

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Automotive Door Hinges Market

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