The COVID-19 pandemic has caused supply and manufacturing disruptions in the automotive sector creating uncertainties in every aspect. The change in customer behavior in terms of mobility preferences during this crisis is changing the automotive landscape.
This pandemic situation has shut down many production lines owing to the trade restrictions and closed borders, creating a shortage in required parts and limiting the distribution of supplies. Different enforced measures including the closing of workspaces and dismissal of short-time workers have created a depression in the growth rate of the automotive industry.
The growing fear of recession is estimated to decrease overall sales and revenue. A limited supply of parts coupled with a reduced workforce has forced the leading OEMs to shut down their production. A significant drop in demand has restricted the cash inflow which is highly important in payment of salaries to the workforce. With growing uncertainties around the COVID-19 pandemic, the industry leaders are taking measures to adapt to the situation.
Automotive Hinges Market: Introduction
Automotive hinges is mechanical bearing which used for connecting the automotive components such as doors, trunk or tailgate, hood and fuel cap to the automotive body. The automotive hinges allow open a door or hood at a certain angle between the automotive body and door or hood. The two automotive components connected by the automotive hinges are revolve relatively to each other around a fixed axis of rotation. The automotive hinges materials depends upon its end use as the doors, hood and tailgate required a steel or any heavy material but the fuel cap not required much heavy or robust material. The luxury and sports cars are using the electronic operated automotive hinges, which automatically open the door of the vehicles. The compact and mid-size cars are using the electric operated hinges for opening the back trunk or tail gate of the vehicle. The fuel cap is also one of the essential part of the automotive vehicle which protect direct connect between the fuel and the surrounding elements. The hood is used only in the emergency condition or for the maintenance of the vehicle which increases the life of the automotive hood hinges as compare to other automotive hinges. Many manufactures are using composite material for reducing the weight of the automotive hinges for reducing the vehicle.
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Automotive Hinges Market: Dynamics
The increasing the urbanization and industrialization and increasing demand for the private commute due to expansion of the working population is anticipated to drive the demand for the automotive hinges market .The infrastructure development in global market is likely to propel the demand for the commercial vehicle which might affect the demand for the automotive hinges market. The aftermarket of the automotive hinges is expected to grow because of increasing vehicle fleet in global market. The high reliability and durability of the automotive hinges may act as the restraint for the market. The rising demand for the luxury van which uses the track door system, it may slow down the demand for automotive hinge market globally. The rising demand for the sports cars which use two door instead of four may restraint the automotive hinges market. The rising concerns about the environmental safety may propel the demand for electric vehicle it correspondingly drive the automotive hinge market. The government investment public roadways transport is estimated to drive the automotive hinges market. . The introduction of the electric operated hinges might propel demand for the automotive hinges market globally. The trends of customized vintage car might create vast opportunity for the automotive hinges market.
Automotive Hinges Market: Segments
The automotive hinges can be segmented on the basis of end-use, vehicle type, material type and sales channel
On the basis of end-use, the automotive hinges market can be segmented as:
- Doors
- Hood
- Tail gate or Trunk
- Fuel Cap
On the basis of Vehicle type, the automotive hinges market can be segmented as
- Passenger vehicles
- Mid-size
- Compact
- Luxury
- SUVs
- Commercial vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Trucks and Trailers
- Buses and Coaches
On the basis of Material type, the automotive hinges market can be segmented as
- Steel
- Aluminum
- Composite Material
On the basis of Sales Channel, the automotive hinges market can be segmented as
- OEM ( Original Equipment Manufacturers)
- Aftermarket
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Automotive Hinges Market: Regional Outlook
The automotive development in the Asia Pacific is expected to grow the demand for the automotive hinges market. North America have prominent share of the automotive hinge market because of the increasing automotive vehicle fleet in the region. The rising demand for the electric vehicle is likely to propel the demand for the automotive hinges market. The China is expected to have prominent market share because of the increasing automotive vehicle production. The regulation on the old vehicle by the regulatory body is likely to drive the demand for the automotive hinges market.
Automotive Hinges Market: Key Participants
List of some of the prominent market participants in automotive hinges market are:
Key Players
- WITTE Automotive
- Total Automotive
- BRANO GROUP
- Goodmark
- Magna International Inc.
- Original Equipment Reproduction
- DURA Automotive Systems
- Edscha
- AISIN SEIKI Co., Ltd
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Our competencies go beyond regular market research to deliver tailored solutions in an industry marked with increasing environment regulations, evolving consumer preferences, and a shifting landscape of emerging markets.
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