Report updated on 11th September, 2021: Global Automotive Door Panel Market 2021 (Includes Business Impact of COVID-19)
Global automotive door panel market was valued at US$ X.X Mn in 2018 and is projected to be valued at US$ X.X Mn by end of 2028. The global automotive door panel market has been divided on the basis of mode of operation, vehicle type, distribution channel, and region/ country.
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The global Automotive Door Panel market size was valued at USD $26.55 billion in 2020 and is projected to reach $40.68 billion by 2030, and is anticipated to expand at a CAGR of 4.36% over the forecast period from 2020 to 2030.
Automotive Door Panel: Product Overview
Automotive door panel is a component which allows the passengers to enter or exit vehicle. In addition, the basic function of door panels is to protect the driver and passengers seated inside vehicle. The panels are made up of aluminum, steel, or mixed materials. It offers an attractive & stylish look, comfort, and soft touch surface to vehicles.
Market Growth Factors
Door panels offer ergonomic comfort, reliable protection, convenience as well as play an important role in improving the esthetics of the automobile. In addition, growing production and sales vehicles, and rising need for safety due to increasing number of road accidents are some of the factors expected to drive growth of the global automotive door panel market. Furthermore, increasing development activities related to manufacturing lightweight products and strong door panels are expected to create new opportunities for companies in the global industry.
Governments in developing countries such as India and Indonesia, among others, are focusing on boosting growth of the industrial sector, especially the automotive industry, by encouraging FDI and offering various subsidies. In addition, countries, especially in Asia Pacific region, are lucrative manufacturing hubs due to availability of low-cost labor and raw materials. Car manufacturers are currently focusing on expanding existing manufacturing plants and facilities and setting-up new car manufacturing plants in countries in the region. The above-mentioned factors are expected to drive growth of the Asia Pacific automotive brake systems to a significant extent, thereby contributing to growth of the global market over the forecast period. In July 2018 for instance, Maruti Suzuki India Limited, announced plans to expand its manufacturing capacity to 0.75 million units at its Gujarat plant by 2020.
However, volatile prices of raw materials and increasing demand for passenger cars with two seats may hamper growth of the target market.
The latest trend observed in the target market is that the government and regulatory bodies are compelling manufacturers to focus on manufacturing light-weighting components to reduce emissions and improve fuel efficiency. Plastic is a lightweight material and is highly used in producing door panels of luxury vehicles. This material helps to reduce the overall weight of the vehicle and also provides structural rigidity and stability. The global auto sector is adopting green technology, thus demand for lightweight door panels is projected to increase in the near future, and fuel market growth.
Segment Analysis By Mode of Operation:
Among the mode of operation segments, the front-hinged doors segment is anticipated to account for major revenue contribution in the global market.
By Vehicle Type:
Among the vehicle type segments, the passenger car segment is projected to register significant growth rate over the 10-year forecast period.
By Distribution Channel:
Among the distribution channel segments, the OEM segment is estimated to account for considerable revenue share in the global market.
The Asia Pacific market is projected to account for a notable share in terms of revenue in the global market. This can be attributed to the increasing number of vehicle registrations, presence of key manufacturers, along with low manufacturing costs for exporting parts and vehicles in countries such as China and India.
North America market is anticipated to record significant share in terms of value in the global market. Increasing sales of commercial vehicles and passenger cars in the US and Canada, strong presence of large number of companies are factors fueling growth of the target market. The markets in the MEA and Latin America are estimated to account for moderate revenue shares in the global automotive door panel market.
Below are the active patents related to Automotive Door Panel Market.
Patent Number: US7758102B2
Interior folding armrest for automotive vehicle door
An interior armrest for a sliding door assembly of a motor vehicle having a hollow housing that is pivotally movable about a pivot axis between a horizontal position for use as an armrest and a vertical position for storage is disclosed. The housing includes an actuator for automatically moving the armrest to the vertical position from the horizontal position as the sliding door moves between the closed and the open position. The armrest is disposed within a recess of the sliding door assembly when in the vertical position.
Application filed: 2008-01-09
Application granted: 2010-07-20
Current Assignee: FCA US LLC
Patent Number: US8973643B2
Multipanel sliding door
The multipanel sliding door comprises at least two panels which are supported for travel in substantially parallel planes along runners, and is characterized in that a rack and wheelwork arrangement is provided for the movement of the door panels.
Application filed: 2009-05-14
Application granted: 2015-03-10
Current Assignee: Unifor SpA
Global Automotive Door Panel Market Segmentation:
Segmentation by Mode of Operation:
- Front-hinged doors
- Rear-hinged doors
- Scissor door
- Gullwing doors
- Sliding door
Segmentation by Vehicle Type:
- Passenger Car
- Commercial Vehicle
Segmentation by Distribution Channel:
Key Market Players included in the report:
- AISIN SEIKI Co., Ltd.
- Automotive Systems LLC
- Brose Fahrzeugteile GmbH and Co. KG, Coburg
- Continental AG
- Draexlmaier Group
- DURA AUTOMOTIVE SYSTEMS
- Faurecia SA
- Hayashi Telempu Corporation
- International Automotive Components Group LLC
- Johnson Electric
- Kasai Kogyo Co., Ltd
- Magna International Inc.
- Reydel Automotive France SAS
- Toyota Boshoku Corporation
- TS tech Co., Ltd.
- Yanfeng Automotive Interiors
Below are the key development related to Automotive Door Panel Market in 2020 and 2021.
January 2021: -BioDerm, Inc. (“BioDerm” or the “Company”), a leading provider of disposable medical devices and wound care supplies to patients with chronic conditions, announced it has received a strategic investment from Denver-based middle market private equity firm, Mountaingate Capital (“Mountaingate”). With its new partner, BioDerm plans to accelerate its organic growth and pursue acquisitions that will expand its product and service offerings for patients. For over two decades, BioDerm’s proprietary Men’s Liberty external hydrocolloid catheter has pioneered innovative and high performance solutions for male urinary incontinence. In addition to its portfolio of hydrocolloid products for urinary incontinence management, securement and skin protection formulations, the Company provides specialized driveline exit surgical dressing kits for patients with ventricular assist device implants. Source
September 2020: W Hydrocolloids acquires stake in seaweed production facility. SEAWEED manufacturer W Hydrocolloids, Inc. (WHI) announced its recent acquisition of a stake in a company operating a seaweed production facility, as part of its efforts to strengthen production. In a statement, WHI said it had acquired the stake of food manufacturer Cargill in Philippine Bio-Industries, Inc. (PBI) and its fully automated refined carrageenan facility that produces carrageenan and carrageenan blends. Source