-- Automotive Air Deflector Market to grow at 5% compound annual growth rate from 2018 to 2023, according to “Global Automotive Air Deflector Market Size, Share, Trends, Growth and Regional Forecast Industry Report” published by Market Research Future. This report comprises comprehensive information on Automotive Air Deflector Market Forecast data up to 2023, with historic and current market information. Automotive Air Deflector Market Industry analysis done by Type (Bug, Window Air and sunroof), Material (Acrylic, Fiberglass and ABS Plastic), Mounting Method (Tape-on, Bolt-on & In-channel), Sales Channel (OEM, Aftermarket), Vehicle, And Region.
Global Automotive Air Deflector Market Highlights:
Automotive air deflectors assist in improving the efficiency of a vehicle and in achieving the desired speed. They are particularly useful in minimizing air drag in vehicles other than being used in enhancing the fuel economy and appearance of a vehicle. The global automotive air deflector market is expected to grow at a moderate CAGR of 5% over the forecast period of 2018-2023, reveals Market Research Future (MRFR) in an extensive study.
Air deflectors find extensive usage in commercial vehicles since they aid in improving air-conditioning (HVAC) and in achieving the desired speed. A Rise in number if commercial vehicle across the globe generates considerable demand for automotive air deflectors.
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Automotive Air Deflector Market Key Companies Studied in this report are: Peterburg Industrial & Design Co., Ltd. DGA (US), Lund International (US), Piedmont Plastics (US), Climair UK Ltd (UK), Hatcher Components Ltd (UK), FARAD Group (Luxembourg), Spoiler Factory (Australia), Altair Engineering Inc. (US) are the notable players operating in the global automotive air deflector market.
Growing incidences of road accidents due to vehicle drag of speeding vehicles is a crucial factor in boosting the growth of the market. Increasing awareness regarding the benefits of automotive air deflectors coupled with an increased focus on safety measures induces demand for automotive air deflectors. Stringent regulations aimed ensuring at safety and speed levels, especially in the emerging economies provide an impetus to the growth of the automotive air deflector market. Nowadays, various OEMs are providing air deflectors as standard equipment in cars and other vehicles which has further accelerated the growth of the market.
Other factors stimulating the growth of the global automotive air deflector market include raising awareness on the part of consumers which generates high demand in the aftermarket for air deflectors. High focus on achieving fuel economy and enhancing the aesthetic value of vehicles also act as market drivers. Increasing sales of both passenger, as well as commercial vehicles in the developing countries purveyed by improving GDP and rising disposable income, is also expected to add fuel to the growth of the market. However, volatility in the price of raw materials is anticipated to constrain the growth of the market over the forecast period.
Market Segments Analysis:
The global automotive air deflector market has been segmented based on type, material, mounting method, sales channel, and vehicle type.
By type, the global automotive air deflector market has been segmented into bug deflector, window air deflector, and sunroof deflectors.
By material, the global automotive air deflector market has been segmented into acrylic, fiberglass, and ABS plastic.
By mounting method, the global automotive air deflector market has been segmented into tape-on deflectors, bolt-on deflectors, and in-channel deflectors.
By sales channel, the global automotive air deflector market has been segmented into OEM and aftermarket.
By vehicle type, the global automotive air deflector market has been segmented into passenger vehicle and commercial vehicle.
Regional Analysis:
North America, Asia-Pacific (APAC), Europe, and Rest of the World (RoW) are the key markets for automotive air deflector. APAC is the largest market for automotive air deflector driven by increasing demand for passenger cars in countries such as China, India, and Japan. High sales of cars coupled with the presence of major automakers in the region have also spurred the installation of automotive air deflectors in APAC.
Europe is the second largest market for automotive air deflector. Massive demand for commercial vehicles has proven to be plus for the growth of the Europe market since commercial vehicles generate high demand for advanced technologies such as spoiler system and deflectors for achieving the desired efficiency.
North America follows Europe closely. The US, Canada, and Mexico are the key contributors to the North America market. The presence of major auto manufacturers in the region can be accredited for the growth of the North America air deflector market.
Research Methodology:
Market Research Future (MRFR) employs innovative statistical algorithms for gathering impactful market insights that can drive business decisions. An in-depth analysis of constantly evolving market trends combined with a study of historical data is leveraged for providing accurate competitive intelligence. The statistical observations made in our reports are backed by data procured through extensive primary and secondary research which include interviews with stakeholders, SEC filings, whitepaper references, annual reports of key players, etc. Top-down and bottom-up approaches are employed for authenticating the credibility of the market foresight delivered. A multi-layer verification process reaffirms the market size and revenue estimation. MRFR strives to provide reliable and transparent information that helps clients in developing growth strategies.
The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Stud
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4.1 Introduction
4.2 Forward Collision Warning
4.3 Dynamic Brake Support
4.4 Crash Imminent Braking
Continued…
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Release ID: 452415
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