Automotive Air Deflector Market: 2019 Global Share, Size, Key Players, And Regional Forecast To 2023
Global Automotive Air Deflector Market Report: Information 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- Forecast Till 2023.
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Automotive Air Deflector Market Insights:
The air deflector prevents the running air from affecting the stability of the vehicle when windows are unnecessarily open, and reduce the vehicle drag and increases the fuel efficiency. Vehicle design and aerodynamics play a significant role in reducing the vehicle drag, focusing more on the design of vehicle air deflectors. Automotive air deflectors also improve fuel economy by reducing the total drag force on the vehicle when in motion. They can reduce the energy consumption by subdividing the running air through deflectors. The vehicle manufacturers are developing new technologies in air deflectors to improve the vehicle design and efficiency. In vehicles, air deflectors play a magnificent role in partially opening the windows and allowing fresh air in the vehicle. The fresh air eases the function of air conditioning system and reduces the load on engine as well as it improves fuel efficiency. In commercial vehicles, air deflectors are used to improve the aerodynamics and design of the vehicle, reducing the air drag.
The factors that are responsible for the growth of global automotive air deflector market are stringent environmental regulations, improved fuel efficiency, attractive design, improved vehicle aerodynamics, and good vehicle control. Better speed and improved fuel economy are the other factors that drive the automotive air deflectors market. Air deflectors provide better vehicle control at higher speeds, which reduces the number of accidents. Increase in sales of commercial vehicle and SUVs, and the increased purchasing power increase the demand in the market. Concerns regarding safety and focus on aesthetics also increase the demand for automotive air deflectors. However, fluctuating prices of raw materials hinder the market growth.
The global automotive air deflector market has been segmented based on type, material, mounting method, sales channel and vehicle type. On the basis of type the market has been segmented as bug deflector, window air deflector and sunroof deflector. On the basis of material the market has been segmented as acrylic, fiberglass and abs plastic. On the basis of mounting method the market has been segmented into tape-on deflectors, bolt-on deflectors and in-channel deflectors. On the basis of sales-channel the market has been segmented as OEM and aftermarket. On the basis of vehicle type the market has been segmented into passenger vehicle and commercial vehicle.
On the basis of region, the market is segmented into North America, Asia-Pacific, Europe, and Rest of the World. Asia Pacific is expected to dominate the market in future due to an increase in demand for passenger cars in countries such as China, India, and Japan. Also, there has been an increase in the sales of vehicles in Asia-Pacific, which has increased the installation of automotive air deflectors. Europe is expected to follow Asia-Pacific is terms of demand due to the growth of the logistics and agricultural industry.
Key Players
The key players in global automotive air deflector market are Hatcher Components Ltd (UK), Piedmont Plastics (US), Spoiler Factory (Australia), and Lund International (US), Altair Engineering Inc. (US), DGA (US), FARAD Group (Luxembourg) and Climair UK Ltd (UK) are among others.
The report for global automotive air deflector market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative and quantitative aspects by various industry experts, key opinion leaders to gain the deeper insights into the market and industry performance. 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.
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https://www.reuters.com/brandfeatures/venture-capital/article?id=71751
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