GITNUX MARKETDATA REPORT 2024

Automotive Hinges Industry Statistics

The automotive hinges industry is expected to experience steady growth due to increasing demand for vehicles globally.

Statistic 1

"The global automotive hinges market size was valued at USD 14.5 billion in 2018."

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Statistic 2

"It is projected that the automotive hinges market will grow at a compound annual growth rate (CAGR) of 3.7% from 2019 to 2025."

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Statistic 3

"Europe is one of the largest regional markets for automotive hinges in 2018."

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Statistic 4

"China is the largest consumer of automotive hinges in Asia Pacific."

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Statistic 5

"Door type application held the largest share of automotive hinges market in 2018."

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Statistic 6

"Passenger Cars (PCs) segment is expected to be the fastest-growing segment over the forecast period."

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Statistic 7

"The global vehicle door hinges market size is expected to reach USD 32.02 billion by 2028."

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Statistic 8

"Expected CAGR for vehicle door hinges market is 5.4% between 2020 and 2028."

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Statistic 9

"Hinge pins segment is anticipated to witness a CAGR of 5.8% from 2020 to 2028"

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Statistic 10

"North America was the second-largest regional market in 2019 with over 27.7% share of the vehicle door hinges market."

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Statistic 11

"The automotive hinge pin market is projected to register a CAGR of over 3% during the forecast period (2020-2025)."

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Statistic 12

"The automobile hinge pin is witnessing a significant demand from the Asia-Pacific region especially from countries like China and India."

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Statistic 13

"The market for automotive hinges in North America is likely to record a CAGR of above 3% during the forecast period."

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Statistic 14

"The key players in the automotive hinges market include Dura Automotive Systems LLC, Gestamp, and Aisin Seiki, among others."

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Statistic 15

"The Asia-Pacific region is expected to show rapid growth in the automotive hinges market during the forecast period 2021-2027."

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Statistic 16

"Light commercial vehicles segment is predicted to grow with the highest CAGR of 4.2% in the forecast period of 2021 to 2028."

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Statistic 17

"The European market is anticipated to expand at a CAGR of 3.9% during the forecast period from 2019 to 2025"

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Statistic 18

"By 2025, the SUV segment is projected to hold more than 30% revenue share of the automotive door hinge market."

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Statistic 19

"Aluminum automotive door hinges are projected to grow at a CAGR of 5.1% during the forecast period."

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