Automotive Mudguards Marketembed
Passenger car segment dominated the overall automotive mudguards market share in 2016, and is expected to continue its dominance over the next few years.
Automotive Mudguards Market Global Industry Insights, Trends, Outlook, an d Opportunity Analysis, 2017–2025 © Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Automotive mudguards, also known as fenders, are parts of automobiles that frames the wheel and prevent the sand, rocks, mud, liquids or any other forms of dust from getting sprayed into by the wheels of the vehicle in the air or on vehicles and pedestrians. These are standard fixtures that can also be customized based on the consumer requirement in aftermarket and attached externally. Commonly used materials include steel, aluminum, ABS plastics, PE and carbon fibers. Increasing demands for automobiles, specifically green mobility will provide considerable growth opportunity for the automotive mudguards market Increasing consumer concerns regarding global warming, increasing investments in advancement of electric & hybrid vehicles and advanced engines to reduce emissions, regulatory amendments such as EPA in U.S. and European emission standards in EU are expected to drive the demands for better fuel efficiency vehicles. Various peripheral components of the vehicle influence the fuel efficiency of the vehicle. These factors inadvertently are projected to majorly contribute to the automotive mudguards market growth over the forecast period. China and countries in Western Europe are increasingly encouraging the electric and hybrid vehicle purchases to regulate the fuel emissions and optimize their environmental impacts through government incentive plans, tax exemptions and dedicated parking spaces among the few other initiatives to encourage ownerships of these vehicles. In conjunction with the high growth market for these vehicles, increasing sales figures of other conventional vehicles is expected to provide potential growth prospects over the next few years. According to Organisation Internationale des Constructeurs d’Automobiles (OICA), international sales of vehicles witnessed an increase of around 4.65%, accounting for a Y-o-Y increase of over 93 million units in 2016. © Coherent market Insights. All Rights Reserved REPORT DESCRIPTION Automotive Mudguards Market Taxonomy On the basis of vehicle type, the global automotive mudguards market is classified into: ● Two wheelers ● Passenger cars ● Commercial Vehicles ● LCVs ● HCVs Request Sample of Automotive Mudguards Market: https://www.coherentmarketinsights.com/insight/request-sample/621 On the basis of raw materials, the global automotive mudguards market is classified into: ● Steel ● Aluminum ● Acrylonitrile butadiene styrene (ABS) plastic © Coherent market Insights. All Rights Reserved Passenger cars are expected to dominate the industry segment demands over the forecast period Passenger car segment dominated the overall automotive mudguards market share in 2016, and is expected to continue its dominance over the next few years. Its growth can be attributed to large inclination of consumers towards owning cars, proliferation of commercial usage of automobiles such as car sharing and cab aggregators, and the pre-existing large consumer base across the globe. Moreover, large presence of aftermarket players that offer custom-made solutions to enhance the vehicle aesthetics and performance, will also continue to contribute to the industry growth. To Get Discount on this Report: https://www.coherentmarketinsights.com/insight/request-discount/621 Asia Pacific will continue its dominance in the automotive mudguards market Asia Pacific held the largest industry share in 2016 and is expected to continue its dominance, primarily owing to the presence of the world’s largest automobile market, China and the fastest growing automotive market in India. Growing employment opportunities have led to substantial per capita income and the affording capability of the population in the region. Moreover, increased spending on road infrastructure and manufacturing activities in the region will drive the growth of commercial and passenger vehicle demands. This will provide the required boost to the industry growth. Increased inclination of consumers towards high-end automobile solutions and decreasing price of gasoline will present considerable opportunities in the developed economies, such as U.S., Canada, UK, Germany and France. © Coherent market Insights. All Rights Reserved ABOUT COHERENT MARKET INSIGHTS ABOUT US Coherent Market Insights is a global market intelligence and consulting organization focused on assisting its plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, with an office at the global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. 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