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

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

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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.The automotive door hinges market is likely to expand at volume CAGR of over 3% through 2028. – PowerPoint PPT presentation

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


1
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
2
About Future Market Insights
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3
Research Methodology (1/2)
  • Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
FMI formulates a detailed discussion guide to conduct expert and industry interviews
FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts
FMI conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
FMI delivers industry insights and information in the required format (PDF)
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  • Conclusions

SOLUTION
  • Market participants
  • Key strengths
  • Product portfolio
  • Mapping as per value chain
  • Key focus segments

Primary Research
Secondary Research
Paid Publications
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  • Company annual reports
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includes sources of databases
4
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.

5
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.

6
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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    syndicated research reports, custom research
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    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.

7
Automotive Door Hinges Market
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8
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