According to a new market research report published by Market Research Future “Automotive Plastic Components Market Analysis From 2019 to 2025 by Component (Engine Cover, Transmission Cover, Intake air Modules, Bumper, Others), Material (PVC, PU, PP, PE, PA, ABS, Others), Vehicle Type (Trucks, Tractors, Buses, Excavator, Combine Harvester, Scraper) and Region”, the global Automotive Plastic Components market accounted to hit the 281,470.8 Thousand Units market value in 2025 and expected to witness 11.41% CAGR across the forecast period through 2019 to 2025. Automotive Plastic Components Industry Report provides comprehensive information on Global Automotive Plastic Components Market key players, share, Sales, revenue, industry size in terms of volume.
Free Sample Copy of Automotive Plastic Components Market Research Report Global Forecast to 2025 available at: https://www.marketresearchfuture.com/sample_request/8100
Key Companies Covered:
DowDuPont Inc. (US), FLEX-N-GATE CORPORATION (US), Samvardhana Motherson Group (India), Hartford Technologies, Inc. (US), SMB Bearings (UK), Continental AG (Germany), Abbott Ball Company Inc. (US), Magneti Marelli S.p.A. (Italy), ElringKlinger AG (Germany), and Toyoda Gosei Co., Ltd (Japan).
The report delivers an impartial assessment of the global Automotive Plastic Components market. The assessment structure comprises of wide range of parameters such as key player analysis, value chain analysis, pricing analysis, investment opportunity analysis, demand & supply chain analysis. The report also discusses the key micro and macro-economic factors that are likely to influence the Automotive Plastic Components market during the review period. A section of the report highlights market dynamics such as divers, trends, opportunities and restraints. This will allow report users to make informed decisions and develop investment plans. Historical trend, current market scenario and future growth prospects of the market are also covered in the report.
Automotive Plastic Components Industry Insight:
There are two varieties of plastics, namely, thermoplastic and thermosetting. The thermoplastic category primarily includes polyamide (PA), acrylonitrile butadiene styrene (ABS), and polycarbonate (PC); while thermosetting includes polyurethane (PU). The Global Plastic Component Market for Heavy-Duty Vehicles is expected to grow with a volume of 281,470.8 Thousand Units by 2025 with a CAGR of 11.41% during the forecast period (2019–2025). Market Research Future (MRFR) in the report envelop segmentation and drivers for a better glimpse of the market in the coming years.
The report offers insights into the leading market players and presents an assessment of their current market position. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
Demand for Plastic Components has significantly increased in the heavy-dusty vehicle manufacturing sector. Modern heavy-duty vehicles such as loaders, excavators, combine harvester, tractors, buses, trucks, and scraper have tremendous plastic content both interior and exterior. The market is mainly driven due to an increase in demand for heavy-duty vehicles in end-use industries and an increase in use for plastic components in heavy-duty vehicles.
However, rise in environmental concerns could restrain the growth of the Global Plastic Component Market for Heavy-Duty Vehicles. Due to the Increase in use of plastic components in heavy-duty vehicles, plastic and other hydrocarbon molecules if incinerated, release carbon dioxide and carbon monoxide, which increase the amount of green-house gases in the environment, contributing to global warming.
Automotive Plastic Components Market Segment Analysis:
The global plastic component market for heavy-duty vehicles has been segmented based on component, material, vehicle type, and region.
By material, the market has been segmented into polyurethane (PU), polyethylene (PE), polycarbonate (PC), polyvinyl chloride (PVC), acrylonitrile butadiene styrene (ABS), polyamide (PA), polypropylene (PP) and others.
Based on component, the market is classified into engine covers, transmission covers, intake air modules, oil pan modules, cam cover modules, cluster panels/dashboard, bumpers, seating, wheels and tires, doors, interior and exterior trims, and others.
Based on vehicle type, the global plastic component market for heavy-duty vehicles comprises tractors, loaders, scrapers, excavators, trucks, combine harvester, and buses. The trucks segment dominated the market in North America, accounting for 8,949.0 thousand units in 2018 and is projected to register a CAGR of 3.94%. The tractors segment was the second largest with a share of 27.1% in 2018, sized at 4,536.1 thousand units; it is projected to exhibit a CAGR of 3.61%.
By Region market is segmented by North America: The U.S., and Canada; Europe: Germany, the UK, France, Spain, Italy, and Rest of Europe; Asia Pacific (APAC); China, Japan, India and Rest of Asia Pacific; The Middle East & Africa (MEA); South America
The global Automotive Plastic Components Market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
Asia-Pacific is leading the market with its market size of 101,836.9 thousand units in 2018. The regional market volume can go up to 221,282.9 thousand units by 2025 with an impressive 12.31% CAGR during the forecast period. The growth of the region can be attributed to the growing construction and developing infrastructure, along with heavy investments by the leading companies, such as BASF, Samvardhana Motherson Group, and Toyoda Gosei.
North America is the second most important market for Plastic Components for heavy duty vehicles. This is mainly owing to the presence of favourable government regulations and growing need for higher fuel efficiency. Moreover, rising preference for lightweight components is creating opportunities for Plastic Components. Sectors such as construction and infrastructure are also expected to present attractive opportunities to market players during the forecast period.
List of Tables:
TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 MACRO INDICATORS INFLUENCING THE GLOBAL AUTOMOTIVE PLASTIC COMPONENTS MARKET FOR TOP FIVE COUNTRIES
TABLE 4 IMPORT ANALYSIS OF AUTOMOTIVE PLASTIC COMPONENTSS, 2013-2017 (UNITS)
TABLE 5 EXPORT ANALYSIS OF AUTOMOTIVE PLASTIC COMPONENTSS, 2013-2017 (UNITS)
TABLE 6 PROPORTION OF MANUFACTURING COST STRUCTURE
TABLE 7 LABOR COST ANALYSIS
List of Figures:
FIGURE 1 GLOBAL AUTOMOTIVE PLASTIC COMPONENTS MARKET: MARKET STRUCTURE 17
FIGURE 2 RESEARCH PROCESS OF MRFR 20
FIGURE 3 TOP-DOWN & BOTTOM-UP APPROACHES 23
FIGURE 4 DROC ANALYSIS OF GLOBAL AUTOMOTIVE PLASTIC COMPONENTS MARKET 25
FIGURE 5 INTERNATIONAL TOURIST ARRIVALS, 2016 VS 2017 (MILLION) 26
FIGURE 6 DRIVERS IMPACT ANALYSIS: GLOBAL AUTOMOTIVE PLASTIC COMPONENTS MARKET 27
FIGURE 7 RESTRAINTS IMPACT ANALYSIS: GLOBAL AUTOMOTIVE PLASTIC COMPONENTS MARKET 28
FIGURE 8 SUPPLY CHAIN: GLOBAL AUTOMOTIVE PLASTIC COMPONENTS MARKET 31
FIGURE 9 PORTERS FIVE FORCES MODEL: GLOBAL AUTOMOTIVE PLASTIC COMPONENTS MARKET 32
FIGURE 10 MARKETING CHANNEL OF AUTOMOTIVE PLASTIC COMPONENTS 40
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