Amplification of Product Portfolio: Strategy Taken-Up by Top Automotive Door Hinges Manufacturers

An automotive door hinge refers to the motorized bearing that connects the parts of an automotive vehicle, including the tailgate or trunk, fuel cap, hood, and door, to the automotive body. Many operations are enabled by these products, including opening a hood or a door at a definite angle to the body of the vehicle. The market is inclusive of sales, distribution, and production of different door hinges developed for vehicles, such as vans, commercial vehicles, and cars. The market is poised to expand on account of the growing sales and production of vehicles.

Another factor impelling the market growth is the expansion in the types and models of electric vehicles and the uptake of technologically advanced battery systems to meet the varied demands of consumers, which is propelling the adoption of the product. In February 2023, BYD announced the addition of two dealer corporations to its Europe-based network.  

As per a report by Fortune Business Insights™, the market for automotive door hinges reached USD 12.14 billion in 2023 and is set to reach USD 28.83 billion by 2032 with a CAGR of 10.2%. The market is also expected to reach USD 13.25 billion by 2024.

Furthermore, top automotive door hinge manufacturers present in the market are emphasizing the expansion of their sales network and product portfolio to achieve growth. Some of the leading manufacturers include Aisin Seiki Co., Ltd., MultiMate Inc., and Gestamp Automoción, S.A. One of the key manufacturers of automotive door hinges is Gestamp Automoción, S.A. The company’s boosting its presence in key automotive regions and is actively expanding. It has inaugurated three facilities and a new production line in India, which is one of the largest automotive markets.

How the Deployment of Lightweight Materials in Next-generation Vehicles Paving the Way for Market Growth?

The market is observing an additional demand for the combination of automotive components made from lightweight material on the back of the growing emphasis of companies in the automotive market on the reduction of overall weight of the next-generation vehicles. This combination leads to a reduction in the power intensity needed for a vehicle’s movement, which lowers the emissions of carbon while contributing to sustainability.

Moreover, the improved life of the product is offered by aluminium automotive door hinges owing to their high resistance to bear force while offering greater durability. The additional advantages associated with aluminium automotive door hinges include lightweight, higher resistance to rust, and low cost, which makes them ideal for vehicle door hinges.

Fortune Business Insights™ Profiles Top 5 Key Automotive Door Hinges Manufacturers in the Market

1. Gestamp Automoción, S.A.

Gestamp Automoción, S.A., established in 1977 with headquarters in Madrid, Spain, is one of top automotive door hinge manufacturers in the market. This French multinational automotive engineering firm offers automotive hardware technologies, parts, and other services. This automotive door hinges company uses its specialization in the supply, development, and designing of metal automotive components to create lightweight and strong vehicle structures and decrease the impact on the environment. It has four business segments that include mechanisms, presses and dies, chassis, and body products.

2. Aisin Seiki Co., Ltd

Aisin Corporation, operated by the Toyota Group of companies, is a Japan-based provider of automotive systems and components. It provides different services and products in the areas of energy solutions, mobility, and others. Moreover, an extended range of automotive accessories and parts, including drivetrain products, body & electronics, chemicals & fluids, steering & suspension, engine products, and cooling products, is present in its portfolio. In addition, in 2020, it secured the 359^th position in the Fortune Global 500 Companies list. Furthermore, more than a large number of subsidiaries are operated by the automotive door hinges company, with 125 present overseas and 74 in Japan.

3. Multimatic Inc.

Multimatic Inc., founded in 1984, situated in Ontario, Canada is a supplier of systems, services, and components across the globe. It operates under five business segments, including Multimatic Structures and Suspensions, Multimatic Niche Vehicles, Multimatic Engineering, Multimatic Special Vehicle Operations, and Multimatic Mechanisms. It has a varied service portfolio, which comprises predictive engineering, prototype & tooling, testing, product engineering, and others. In addition, the automotive door hinges company’s product offerings include composites and suspension systems, body structures, and mechanisms. It also provides services for motorsports, track vehicles, and road vehicles. Moreover, the company’s manufacturing sites and engineering divisions are present across Asia, Europe, and North America.

4. Magna International Inc

One of the top automotive door hinge manufacturers; Magna International, founded in 1977, is a Canadian automotive supplier dedicated to providing world-changing mobility technologies and solutions. Almost all automotive models feature the company’s products. In addition, its services and products are offered through four key operating segments, including seating systems, complete vehicle engineering and manufacturing, power and vision, and body exteriors and structures. The automotive door hinges company possesses over 65 years of expertise in engineering, manufacturing, and design to aid in the advancement of mobility in a transforming industry. Moreover, it has secured the 4^th position as the largest supplier of automotive parts. Its global network is inclusive of 343 manufacturing operations and 88 engineering, sales, and product development facilities across 29 nations.

5. Dura Automotive System LLC

Dura Automotive System LLC, established in 1914 and based in the U.S., is a global provider of mobility systems with expertise in manufacturing and designing different automotive solutions within the industry. The company offers its expertise in four key segments, including lightweight chassis, performance systems, safety systems, and electrification. It has an emphasis on innovation with flexibility, high quality, transparency, and sustainability as its core values in the development and manufacturing of its system innovation. Moreover, it has developed a robust client network catering to key OEMs with its services and products in the automotive industry and has over 100 years of experience in mobility systems.

Future Outlook for the Market

The growing production and sales of electric vehicles are set to escalate the market growth. These products are crucial parts of automobiles. They enable commercial and passenger vehicles to close and open and hold them to the automobile. They are installed where the door connects to the frame. Thus, a steady expansion in the production and sales of electric vehicles is impacting the demand for high-quality products.