Global Automotive Door Panel Market 2019 Trends, Market Share, Industry Size, Opportunities, Analysis and Forecast To 2026
May 20, 2019
A new market study, titled “Discover Global Automotive Door Panel Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
Pune, India - May 20, 2019 /MarketersMedia/ —
Introduction
Global Automotive Door Panel Market Overview
Automotive door panels are components which allow the passengers to enter and exit a vehicle. The major role played by an automotive door panel is securing the passengers of the vehicle from the car’s surroundings. Door panels are different from each and every vehicle and also play an important role in improving the aesthetics of the vehicle. Automotive door panels are typically made up of steel, aluminium and plastic composites.
The Global Automotive Door Panel Market was worth $XX billion in 2018 and is forecasted to reach $XX billion by 2026, growing at a CAGR of XX% during the forecast period (2019-2026).
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Global Automotive Door Panel Market – Market Dynamics
Rising global automotive sales owing to the growth in disposable incomes of the middle-class population, rise in number of four wheelers accidents and stringent emission norms which are propelling manufacturers to adopt to lightweight materials are the major factors boosting the global automotive door panel market.
Rising global automotive sales is a primary driver attributing to the growing demand for automotive door panel products. According to the Association of Motor Vehicles Manufacturers (OICA), 96.8 million vehicles were sold globally in 2017 compared to 93.9 million and 89.7 million in 2016 and 2015 witnessing a growth rate of 3.08% in 2017 and 4.6% in 2016 respectively. Owing to these reasons, rising global automotive sales is a primary driving factor propelling the growth of the Global Automotive Door Panel Market.
However, high costs of research and development of enhanced engineered materials, fluctuations in raw material prices and stringent regulations of materials used in automotive door panels are some of the crucial factors responsible for impeding the growth of the global automotive door panel market.
Global Automotive Door Panel Market – Segmentation Analysis
The Global Automotive Door Panel Market has been segmented by type, material, type of vehicle and geography.
Based on the type of the vehicle, the market is segmented as passenger vehicles and commercial vehicles. The passenger vehicles segment is the dominant segment of the global automotive door panel market owing to the rapidly increasing sales of passenger vehicles compared to commercial vehicles. According to the Association of Motor Vehicles Manufacturers (OICA), 70.84 million passenger vehicles were sold globally in 2017 compared to 69.50 million and 66.32 million in 2016 and 2015 witnessing a growth rate of 1.9% in 2017 and 4.8% in 2016 respectively. The increasing growth of sales of the global passenger vehicles is anticipated to propel the demand for automotive door panels.
Based on the type, the market is segmented as front hinged doors, rear hinged doors, scissor doors, gullwing doors and sliding doors. The front hinged doors are the dominant segment by overall market share, followed closely by rear hinged doors, owing to their increased use in passenger vehicles and commercial vehicles. Front hinged and rear hinged doors are easy to operate and incur low maintenance costs. These are the most commonly used door types in more than 90% of the vehicles observed and offer utmost safety to the passengers.
Global Automotive Door Panel Market – Geographical Analysis
The Global Automotive Door Panel Market is segmented into North America, Europe, Asia Pacific, South America and the Middle East and Africa.
The Asia Pacific region is further segmented into the countries such as India, Japan, South Korea, China, Australia, and others. Asia Pacific is the dominant geographical segment in the automotive door panel market owing to the rising automobile sales in China, India, and Japan. According to the International Organization of motor vehicles manufacturers (OICA), out of the 96.8 million vehicles sold globally, more than 48 million cars were sold in the Asia Pacific region with China alone accounting for more than 29 million car sales followed by 5.2 million in Japan and 4 million in India. Owing to these reasons, the Asia Pacific region is anticipated to dominate the Global automotive door panel market in the future.
Global Automotive Door Panel Market – Competitive Analysis
New product launches and expansion of facilities are some of the vital strategies adopted by most of the companies to contribute to the growth of the company and improve their market growth rate.
For instance, in March 2018, International Automotive Components (IAC), a global automotive and mobility provider in lightweight and new-material interior solutions, officially opened its state-of-the-art plant for premium door panels in Prestice, Czech Republic. The new location will be the company’s third operation in Prestice and will add 800 more skilled jobs to the 1,300 already employed by IAC in the area.
Scope of the Report:
The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles. The Global Automotive Door Panel Market is segmented based on the type as front hinged doors, rear hinged doors, scissor doors, gullwing doors and sliding doors. Based on the material, the market is segmented as steel, aluminum and plastic composites. Based on the vehicle, the market is segmented as passenger vehicles and commercial vehicles. Based on geography the market is segmented into - North America, South America, Europe, Asia Pacific and the Middle East and Africa.
The report profiles the following companies – Aisin Seiki Co, Faurecia SA, Brose Fahrzeugteile GmbH, KG Dura, Grupo Antolin, Draexlmaier Group, Yanfeng, International Automotive Components LLC and Samvardhana Motherson Reydel Companies (SMRC).
Why Purchase the Report?
Visualize the composition of the Global Automotive Door Panel Market across each indication, in terms of type, material and vehicle type highlighting the key commercial drivers, restraints and market players.
Identify commercial opportunities in Global Automotive Door Panel Market by analyzing trends and co-development deals.
Excel data sheet with thousands of data points of the Global Automotive Door Panel Market - level 4/5 segmentation.
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Product mapping in excel for the key products of all major market players
Get Detailed Report at https://www.wiseguyreports.com/reports/3902887-global-automotive-door-panel-market-2019-2026
Target Audience:
Equipment Suppliers/ Buyers
Service Providers/ Buyers
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Emerging Companies
Manufacturers
Table of Contents
GLOBAL AUTOMOTIVE DOOR PANEL MARKET-SCOPE AND METHODOLOGY
GLOBAL AUTOMOTIVE DOOR PANEL MARKET – KEY TRENDS AND DEVELOPMENTS
INDUSTRY ANALYSIS
GLOBAL AUTOMOTIVE DOOR PANEL MARKET - SEGMENTATION
GLOBAL AUTOMOTIVE DOOR PANEL MARKET – BY GEOGRAPHY
COMPETITIVE LANDSCAPE
COMPANY PROFILES
Contact Info:
Name: Norah Trent
Organization: WISE GUY RESEARCH CONSULTANTS PVT LTD
Website: http://www.wiseguyreports.com
Source: MarketersMedia
Release ID: 514594
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