What is Steel Hinges Market?
Hinges are simple mechanical comportment devices that are used to connect two parts and allow them to rotate relative to every other a few fixed axis. According to the application, the components can move most commonly within a limited arc or with 360° freedom. These devices are used for a range of applications, including doors, gates, window shutters, lids, etc. To suit the assorted requirements of those applications, hinges are available with a large range of product specifications, like decorative vs. functional purpose, external vs. internal placement, mounting style, full or half mortise, limited space restrictions, load size, etc. supported these design characteristics, there are many alternative types and designs of hinges available.
The market study is being classified by Type (Sliding, Card Slot, Concealed Hinges, Bi-Fold Hinges, Butt Hinges, Custom Hinges and Others), by Application (Door & window, Cabinet and Other Furniture, Automobile and Others) and major geographies with country level break-up.
ER Wagner (United States), ArcelorMittal S.A. (Luxembourg), Globus Industries (India), Rayvon Industries (India), Rishi Seals Private Limited (India), H H Industries (India), Sarthi Steel Industries (India), Zanda Architectural (Australia), Stedall (United Kingdom), Häfele America Co. (United States) and Raaj Sagar Steels (India) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Beeta Hardware (India).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Segment Analysis
Analyst at AMA have segmented the market study of Global Steel Hinges market by Type, Application and Region.
On the basis of geography, the market of Steel Hinges has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Demand from Automobile Applications
- Rise in the Number of Construction Projects
Market Trend
- Demand for Innovative Designs for Door Hinge
Restraints
- Fluctuations in the Raw Material Prices
Opportunities
- Growing Automobile Industry Worldwide
- Increasing Demand from End-User Industry
Market Leaders and some development strategies
On 6th March 2021, ArcelorMittal’s Rs 50,000-crore Odisha steel plant plan hinges on quick land acquisition. Industry watchers, however, are apprehensive, particularly because apart from Tata Steel’s Kalinganagar plant, greenfield steel plants have rarely come up in India in recent times and the main hurdle is issued related to land acquisition.
"The regulation for door hinges sets out 5 grades of corrosion resistance in conformance to EN1670: Grade (class) 0:no definable corrosion resistance, Grade (class) 1:low resistance, Grade (class) 2:moderate resistance, Grade (class) 3:high resistance, Grade (class) 4: very high resistance. Single-axis are regulated by EN1935 and have 5 grades as per EN1670. This does not mean that a single-axis hinge can’t reach grade 6 but the regulation does not recognize this grade hence a grade 6 would not be shown on the identification coding."
Key Target Audience
Steel Hinge Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End user