The whole Door Hinge is a low concentration industry,china has almost thousand of hinge manufacturer and their product mainly focus on low-end furniture market,the price is low than foreign manufacturer.
The share of North America and Europe produced approximately 43.2% of the world’s door hinge prodcution in 2014. Over the same period, China’s door hinge market share is approximately 39.4%.
With the rapid growth of the national economy as well as the rapid development of downstream industries, the demand for real estate and furniture market will grow,it would stimulate the door hinge market and we forecast that the global market will grow to 2766 million USD in 2020.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field.
Although Door Hinge brings a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
The worldwide market for Door Hinge is expected to grow at a CAGR of roughly 7.9% over the next five years, will reach 3490 million US$ in 2024, from 2380 million US$ in 2019, according to a new GIR (Global Info Research) study.
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