Automotive Door Panel Market by Mode of Operation and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2018 - 2025

Executive Summary

According to this report titled,'Automotive Door Panel Market by Mode of Operation, Vehicle Type, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2018-2025,' the global automotive door panel market was valued at $24,115.1 million in 2017, and is projected to reach at $34,158.6 million by 2025, growing at a CAGR of 4.4% from 2018 to 2025.

At present, Asia-Pacific dominates the market, followed by Europe, North America, and LAMEA. China dominated the Asia-Pacific market in 2017 and Germany led the overall market in Europe. However, in North America, the U.S. currently dominates the market.

New passenger vehicle registrations increased in Europe, Russia, Japan, Brazil, India, and China, though it was sharply down in the U.S. In July 2017, the U.S. was the only major car market in the world with light vehicle sales down by 7%. The Indian and Russian car markets expanded rapidly with double-digit growth, while the recovery in Brazil continued but at a more moderate pace. New passenger vehicles registrations in Japan increased for the ninth consecutive month. Moreover, in Europe and China car sales was stronger, however, the UK recorded the fourth consecutive month of weaker car sales. Thus, the overall increase in registration of passenger vehicles drives the growth of the automotive door panel market.

In addition, although luxury vehicles are more expensive than conventional vehicles, luxury vehicles are an obligatory status symbol for well-to-do individuals. Around 28,500 of luxury vehicles were sold in 2016. Around 15.9% rise was recorded in the sale of luxury vehicles from 2015 to 2016. Furthermore, the demand for luxury vehicles was particularly fueled by China, owing to improved standard of living and rise in disposable income of the population.

Thus, all these factors together are boosting the demand for the automotive door panel market. In addition, the number of road accidents and mishaps is increasing at a higher rate. As being the cheapest way of transportation there is considerable rise in the number of operating vehicles on roads, which is the major factor for increase in road accident. It has been seen in the recent past that large share of road accidents is from developing countries such as India, China, Indonesia and Brazil among others.

Rise in road accidents drives various car manufacturers to install different active and passive safety systems and thereby prevent road mishaps. Thus, car manufacturers are required to provide smart and crashworthy vehicles to curb the fatality on roads in developing countries where automobile safety regulations are more lenient than those in developed countries.

Moreover, it has been noticed that 80% road traffic accidents occur in middle income countries such as Russia, Mexico, China, Thailand and India among others, which comprises 72% of population however only 52% registered vehicles. Thus, rise in number of road accidents create additional demand for the replacement of the door panels of the vehicles involved in accidents. This, in turn drives the global automotive door panel market.
In addition, fluctuation in prices of the raw materials, rise in demand for two seater passenger cars impede the stated growth. Moreover, untapped developing markets in Africa & Asia, and development of strong and lightweight door panels is expected to create numerous opportunities for the key players operating in the global automotive door panel market.

Key Findings Of The Study

The passenger car segment generated the highest revenue in the global automotive door panel market in 2017.

In 2017, front-hinged doors segment was the highest revenue contributor in the mode of operation segment.

LAMEA is anticipated to exhibit the highest CAGR during the forecast period.

In 2017, Asia-Pacific contributed the highest market share, followed by Europe, North America, and LAMEA.

The key players profiled in the report include Grupo Antolin, Brose, Draexlmaier Group, HAYASHI TELEMPU CORPORATION, IAC Group, TS TECH, Kasai Kogyo, Reydel Automotive France SAS, TOYOTA BOSHOKU CORPORATION, and Yanfeng.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.