Air Deflector Market
Air Deflector Market is expected to expand at a CAGR of about 5.5% and is anticipated to reach the US$ 16 Bn mark by 2026
The report Global air deflector market (by Material (Acrylic, Fibreglass, ABS Plastic)-by Mounting Method (Tape-on Deflectors, Bolt-on Deflectors, In-channel Deflectors)-by Manufacturing Process (Casting, Molding, Vacuum Forming)-by Position (Bug Deflector, Window Air Deflector, Front Air Spoiler, Rear Air Spoiler, Roof Air Deflector)-by Sales Channel (OEM, Aftermarket)- by Vehicle Type (Passenger Vehicle, Commercial Vehicle)-by Geography (North America, Europe, Asia Pacific, Middle East & Africa, Latin America))- is expected to reach the US$ 16 Bn mark by 2026 at a CAGR 5.5%
Global air deflector market is expected to witness significant growth over the forecast period. The market is expected to develop on the back of growing automotive industry across the globe. The air deflector market helps achieve the desired speed of the vehicle and improves the efficiency of a vehicle. The air deflector manufacturers are developing different innovative technologies and materials to improve the vehicle performance and aerodynamics.
The increased use of vehicles generates the need for the adoption of advanced technologies, such as air deflector and spoiler system for achieving the desired speed and efficiency. Rear deflectors do not prove useful at speeds below 60 mph, except improve the appearance of the vehicle. This is a big restraint to the automotive air deflector market. Another restraint to the market is the need for accurate design. It allows the outside air to enter the vehicle lodge, which allows the travellers to turn off the cooling framework and therefore, decreases the heap over the motor and builds vehicle productivity.
Increase in a number of vehicles on road is the major element which is propelling the demand for passenger vehicle accessories such as air deflectors. Enhanced appearances of the vehicle are advantages of the air deflector and key drivers of the automotive air deflector market.
The fibreglass material segment is likely to lead the automotive air deflector market
In terms of material, the fibreglass material segment is likely to lead the automotive air deflector market. Manufacturers prefer fibreglass for front air spoilers, roof air spoilers, and bug deflectors owing to its excellent corrosion resistance, lightweight, rich appearance, and cost-effectiveness.
The tape-on method is mostly preferred by consumers in the forecasting period
In terms of mounting method, the air deflector market is segmented into Tape-on Deflectors, Bolt-on Deflectors, and In-channel Deflectors. Among them, the tape-on method is mostly preferred by consumers. There is no need to drill the vehicle surface, which spoils the appearance and body of the vehicle.
Moulding is a highly preferred manufacturing process for automotive air deflectors in the forecast period
In terms of manufacturing process, Moulding is a highly preferred manufacturing process for automotive air deflectors, due to its ease of manufacturing complex shapes, a speed of manufacturing, high strength of manufactured component, and cost-effectiveness.
The automotive aftermarket is growing at a remarkable pace across all regions
In terms of sales channel, automotive aftermarket is growing at a remarkable pace across all regions. Rise in sales of replacement parts and others styling products through aftermarket is expected to foster the growth of air deflector market.
The passenger vehicles are the leading segment owing to a rise in demand from developing countries
In terms of vehicle type, the air deflector market is segmented into commercial vehicles and passenger vehicles out of which the passenger vehicles are the leading segment owing to rise in demand from developing countries for passenger vehicles with top-notch features that enhance safety.
Asia-Pacific is expected to dominate the market during the forecast period
In terms of region, Asia-Pacific is expected to dominate the market during the forecast period followed by Europe and North America. Major manufacturers in Asia-Pacific along with their partnerships with the local players, over time, have widened the scope of the market in the region.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Hatcher Components, Piedmont Plastics, Spoiler factory, DGA, ELLEDI Srl – P.I. e C.F., and Lund International.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Automotive air deflector market. The report encompasses the market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Automotive air deflector market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Automotive air deflector market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on"Global Automotive air deflector market"
Air Deflector Market
by: Vikas Godage