Major Automotive Air Deflector Companies covered in the market report include Piedmont Plastics (US), Hatcher Components Ltd (UK), Spoiler Factory (Australia), Altair Engineering Inc. (US), Lund International (US), DGA (US), Climair UK Ltd (UK), and FARAD Group (Luxembourg) among others.
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Global Market Highlights:
Over the past few years, the automotive air deflectors market has been witnessing a significant growth; mainly, due to the increasing production of passenger vehicles. Auto manufacturers are developing new technologies in air deflectors to improve fuel efficiency and design. Moreover, factors such as stringent environmental regulations to increase fuel efficiency in vehicles are escalating the market on the global platform.
Acknowledging the steady growth of the market, Market Research Future (MRFR) in its recently published study report asserts that the global automotive air deflector market is projected to grow significantly by 2023, posting a moderate CAGR throughout the forecast period (2018 – 2023).
Good vehicle control is one essential factor that drive the automotive air deflectors market. Additional factors bolstering the growth of the market include the increase in sales of the commercial vehicle led by the hike in purchasing power of consumers.
On the other hand, fluctuating prices and the demand-supply gap in raw materials required for the production are factors that can impede the growth of the market. Nevertheless, concerns regarding safety and focus on aesthetics are expected to support the growth of the market, attracting many investors to the market.
Automotive Air Deflector Industry Segments:
For a better understanding of the report, the market is segmented into five key dynamics:
By Type: Bug, Window Air and sunroof.
By Material: Acrylic, Fiberglass, and ABS Plastic among others.
By Mounting Method: Tape-on, Bolt-on, and In-channel.
By Sales Channel: OEM and Aftermarket
By Vehicle: Passenger and Commercial Vehicle.
The Asia Pacific would remain the largest region in the global automotive air deflector market. Increase in demand for passenger cars alongside, the overall increase in the sales of vehicles in countries such as China, India, and Japan is a major driving force behind the growth of the regional market, increasing the installation of automotive air deflectors.
Moreover, the presence of manufacturers, and the increasing emphasis on the fuel efficiency of vehicles drive the growth of the regional market. China is the largest producer of automotive aftermarket parts, not just in the region, but in the globe, as well.
North America accounts for the second-largest region in the global automotive air deflector market. The rising number of automobiles alongside, the increasing awareness about the air deflector installed in an automotive is driving the growth of the market in the region.
The European automotive air deflector market has emerged as a lucrative market, globally.
Automotive Air Deflector Market – Competitive Analysis
Highly competitive, the automotive air deflector market is reliant on aftermarket and OEMs and is driven by the increase in automotive production. Led by the presence of several large and small-scale players that account for a substantial share, the market appears to be fragmented.
Well-established players incorporate strategic initiatives such as collaboration, acquisition, partnership, product & technology launch, and expansion, to maintain their positions in the market. The competitive nature of the market is envisaged to intensify as more entrants get attracted to the mass market.
Also, these players focus on new product development initiatives and geographical expansion. The market is anticipated to witness relentless innovations and development of new products that will eventually result in intense competition among the air deflector manufacturers.
These Players invest heavily in R&D to develop a technology that is entirely on a different level compared to their competition. They strive to develop systems with adept technologies, unrivalled design, and features.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVE
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
LIST OF TABLES:
Table 1 Global Automotive Air Deflector Market: By Region, 2018-2023
Table 2 North America Automotive Air Deflector Market: By Country, 2018-2023
Table 3 Europe Automotive Air Deflector Market: By Country, 2018-2023
Table 4 Asia-Pacific Automotive Air Deflector Market: By Country, 2018-2023
Table 5 RoW Automotive Air Deflector Market: By Country, 2018-2023
LIST OF FIGURES:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top-Down & Bottom-Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
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