Burgeoning Number of Automobiles Translate into Remunerative Opportunities for Automotive Door Hinge Market
The global automotive door hinges market is forecasted to expand at a moderate CAGR of 3.7% through the forecast period (2018-2028), owing to increasing production of automobiles and rising demand for products from associated (parent or sister concern) industries that manufacture passenger vehicles. Furthermore, increasing adoption in heavy commercial vehicles, coupled with rising demand from vehicle assembly segments will complement the growth through the forecast period. The sales of automotive door hinges are directly proportional to the sales of automobiles, and as the automotive industry continues to progress at a brisk pace, it will continue to drive the global automotive door hinge market on a positive growth trajectory.
Flourishing Automobile Sector Drives Demand for Automotive Door Hinges
As the number of automobiles continues to increase year-on-year, the demand for automotive door hinges will remain steady. The demand from the automotive sector is the major growth driver for automotive door hinges, and will continue to channel a significant portion of sales. Likewise, the high demand for luxury vans with tracked door systems among the fleet operators is subsequently propelling the adoption of automotive door hinges. However, different opening methods of vehicle doors are reducing the number of hinges needed in a vehicle, thereby posing a challenge to the growth of the market. On the other hand, the passenger car segment will drive the majority of automotive door hinge sales, backed by a high number of passenger vehicles. The increasing number of light commercial vehicles is also translating into revenue opportunities for the automotive door hinges market.
XploreMR analyzes the global market in its new publication titled “Automotive Door Hinge Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028”. The research report provides a thorough analysis of the automotive door hinge market on the basis of sales channel, material, vehicle type, product type and region for the historical period 2013–2017 and forecast period 2018–2028. The objective of the report is to assess the dynamics in the automotive door hinge market and provide key information pertaining to the segments of the global automotive door hinge market.
To deliver a better understanding and support investors for decision making and market breakdown, the report has been incorporated with the analysis of restraints, drivers and developments that influence the current market situation and are anticipated to influence the global automotive door hinge market during the forecast period.The research provides statistics for 2018 with an inclusive market forecast for the period 2018–2028.
Automotive Door Hinge Market Segmentation
By Sales Channel
Automotive Door Hinges Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028Buy Now
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