세계 스프링 힌지 시장 규모는 2023년 85억 달러에 달하고, 2024-2031년 예측 기간 동안 연평균 4.8% 성장하여 2031년에는 124억 달러에 달할 것으로 예상됩니다.
과학자들은 현재 기계 효율을 극대화할 수 있는 새로운 스프링 힌지 설계를 실험하고 있습니다. 중국 복주대학교 연구진은 2024년 3월에 논문을 발표하여 자동차 및 항공우주 산업에 적용될 것으로 예상되는 유연한 힌지 메커니즘을 위한 복합 쌍안정 테이프 스프링의 개발에 대해 자세히 설명했습니다.
새로운 무역장벽의 제정은 세계 시장의 미래 성장 전망을 억제할 수 있습니다. 유럽과 미국 정부는 값싼 중국산 수입품이 자국 시장에 넘쳐나 국내 시장을 혼란에 빠뜨릴 것을 우려하고 있습니다. 많은 국가들이 중국으로부터의 수입을 전면적으로 금지하는 것을 고려하고 있습니다. 그러나 이러한 움직임은 중국의 보복 조치를 불러일으킬 수 있으며, 이에 따른 관세 전쟁은 시장 성장에 불리하게 작용할 것으로 보입니다.
다이나믹스
전 세계 자동차 생산량 증가
세계 자동차 산업은 팬데믹의 바닥을 치고 화려하게 부활했습니다. 국제자동차산업협회(OICA)가 발표한 2023년 공식 데이터에 따르면, 승용차와 상용차의 총 생산량은 9,350만대로 2022년 대비 10% 증가했습니다. 생산량이 가장 많이 증가한 국가는 영국(17 %), 일본(15 %), 독일(18 %), 중국(12 %)입니다.
자동차 산업은 현재 변혁의 과정에 있으며, 전기자동차 생산에 대한 관심이 집중되고 있습니다. 중국은 전기차 생산에서 결정적인 선두를 달리고 있으며, 세계 생산량의 거의 70%를 차지하여 다른 주요 국가를 사실상 앞지르고 있습니다. 세계 자동차 생산량은 향후 10년 동안 꾸준히 증가할 것으로 예상되며, 이는 세계 스프링 힌지 시장에 큰 성장 기회를 제공할 것으로 예상됩니다.
세계 여객 항공 여행의 성장
팬데믹의 여파로 전 세계적으로 레저 및 비즈니스 여객 항공 여행이 폭발적으로 증가했습니다. 국제민간항공기구(ICAO)의 데이터에 따르면 2023년 말까지 전 세계 항공 여행량은 전염병 이전 수준을 넘어설 것으로 추정됩니다. 향후 몇 년 동안 항공 여행이 급증할 것으로 예상됨에 따라 전 세계 항공 회사들은 신형 여객기 주문을 기록적으로 늘리고 있습니다.
특히 인도와 같은 신흥 시장과 신흥 중산층이 항공 여행의 성장을 주도하고 있으며, Air India와 Indigo와 같은 인도 항공 회사는 총 900대(약 500억 달러 상당)의 신형 항공기를 주문했습니다. 신규 주문의 증가는 항공우주 제조업체의 스프링 힌지 수요를 증가시킬 것으로 보입니다.
기술 혁신 속도가 느리다
스프링 힌지 산업의 가장 큰 단점 중 하나는 큰 기술 혁신이 없다는 것입니다. 새로운 재료의 발전은 있지만, 기본적인 스프링 힌지 설계는 그 구상 이후 거의 변하지 않았습니다. 스프링 힌지 설계를 재검토하려는 시도는 어떤 대형 제조업체도 시도하지 않았습니다.
현재 설계는 시간의 시험을 견뎌냈지만, 현대의 엔지니어링 과제가 더욱 복잡해짐에 따라 새로운 설계에 대한 수요가 창출될 것으로 보입니다. 느린 기술 혁신 속도는 최종사용자 산업의 빠른 변화에 대응하는 생산자의 능력을 저해하고 미래의 잠재적 시장 성장을 제한하고 있습니다.
Overview
Global Spring Hinges Market reached US$ 8.5 billion in 2023 and is expected to reach US$ 12.4 billion by 2031, growing with a CAGR of 4.8% during the forecast period 2024-2031.
Scientists are currently experimenting with new spring hinge design which can maximize mechanical efficiency. A group of researchers from Fuzhou University in China published a paper in March 2024, detailing the development of a composite bistable tape-spring for a flexible hinge mechanism which has potential applications in automotive and aerospace industries.
The enaction of new trade barriers could be crippling the future growth prospects of the global market. Western governments have been wary about the cheaper Chinese imports flooding their markets and disrupting domestic players. Many nations are contemplating an outright ban on Chinese imports. However, such a move will invite retaliatory action from China and the ensuing tariff war will be detrimental for market growth.
Dynamics
Rise in Global Automotive Production
The global automotive industry has staged a spectacular comeback from the lows of the pandemic. The official 2023 data from the international organization of motor vehicle manufacturers (OICA) indicates a 10% increase from 2022, for a total production of 93.5 million passenger and commercial vehicles. Some of the strongest growth in production was recorded in UK (17%), Japan (15%), Germany (18%) and China (12%).
The automotive industry is currently undergoing a transformation, with more attention being devoted to electric vehicle production. China has taken a decisive lead in EV production, accounting for nearly 70% of the global production and virtually outproducing every other major nation. With globally automotive production forecasted to rise steadily towards the end of the decade, there will be major growth opportunities for the global spring hinges market.
Growth in Global Passenger Air Travel
Recreational and business passenger air travel exploded globally in the aftermath of the pandemic. Data from the international civil aviation organization (ICAO) has estimated that volume of global air travel surpassed pre-pandemic levels by the end of 2023. With a sharp increase in air travel forecasted for the coming years, global airlines have placed a record order for new passenger jets.
The demand is particularly strong from emerging markets like India, where a newly emergent middle class is driving the growth in air travel. Indian airlines like Air India and Indigo together have placed an order for nearly 900 new aircraft worth around US$ 50 billion. A rise in new orders will augment demand for spring hinges from aerospace manufacturers.
Slow Pace of Innovation
One of the major shortcomings of the spring hinges industry has the lack of major innovation. Although there has been a slew of advances in new materials, the basic spring hinge design has hardly changed since its conception. There has not been a serious attempt to re-engineer the spring hinge design by any of the major market players.
The current design has withstood the test of time, however, as modern engineering challenges become more complex, it will create a demand for new design. The slow pace of innovation is hampering the ability of producers to respond to fast-paced changes in the end-user industries, which also constraints potential future market growth.
The global spring hinges market is segmented based on material, application and region.
Stainless Steel Supplants Brass As the Preferred Material for Spring Hinges
Due to a growing requirement of strength and reduced weight, especially in automotive applications, stainless steel has become the material of choice for manufacturing spring hinges. Other engineering applications where cost constraints are more prominent, aluminum and zinc alloys are preferred for making hinges.
Although brass has historically been the preferred material, its usage has reduced considerably with the advent of modern materials. Make new applications are actually utilizing plastic in place of metals due to performance improvements and lower costs. However, for most engineering and industrial applications stainless steel will be continued to be used.
Asia-Pacific Set for High Growth In the Future
Over the past two decades, Asia-Pacific has decisively emerged as the global hub of automotive production. The latest OICA data indicates that APAC accounts for roughly 56% of the total global automotive production. China, South Korea and Japan have historically been the centers of automotive production, but the industry has diversified towards India, Vietnam, Thailand, Malaysia and Indonesia in recent years.
The transition towards electric vehicles is only solidifying APAC dominance, given the fact that China leads the world in EV production. Even new policies by China's regional rivals like Japan and India to reduce its grip on the global EV supply chain will further entrench demand for spring hinges in the region. The current trends indicate that Asia-Pacific will continue to account for a large share of the global spring hinges market over the long term.
The pandemic created a tough period for the global spring hinges market. Demand from automotive, aerospace, industrial and household sectors dropped precipitously, pushing the spring hinge industry into a crisis. Since this sector is mostly dominated by small and medium enterprises, there was a massive wave of bankruptcies. The global market was consolidated in favor of a few established players.
The initial period after the pandemic led to an explosion of pent-up demand for spring hinges. The renewed growth in housing construction and automotive production were the primary factors behind the rise in demand. The pandemic aftermath was highly conducive for the growth of the global market.
The spring hinges market in Russia was completely disrupted due to the war in Ukraine. Most of the local spring hinges supply was availed from imports or western companies manufacturing in the country. As brands exited the Russian market following the imposition of western sanctions, there was a severe shortfall in supply of hinges, leading many distributors to increase prices on their existing stock.
Many local distributors resorted to Chinese imports to fulfill domestic demand, while domestic producers struggled to raise production due to shortage of spare parts for western-made production machinery. With the Russian government officially allowing parallel imports, the supplies of foreign-made spring hinges were routed through neighboring countries like Kazakhstan, Armenia and Georgia.
The major global players in the market include Marlboro Industries, Inc., JMC Jefco Manufacturing, Inc., Sierra Pacific Engineering & Products, S&D Products, ABH Engineering Inc., Accon Marine, Emtek Products, C.R. Laurence Co., Inc., Hanaya LLC and Assa Abloy.
The global spring hinges market report would provide approximately 54 tables, 49 figures and 181 Pages.
Target Audience 2024
LIST NOT EXHAUSTIVE