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Automotive Mudguards Market

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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
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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.
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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
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On the basis of raw materials, the global automotive mudguards market is classified into:
●
Steel
●
Aluminum
●
Acrylonitrile butadiene styrene (ABS) plastic
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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.
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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.
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Author
Mayuri Deore
Mayuri Deore51   document Email
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Automotive Mudguards Industry Insights, Automotive Mudguards Market, mudguards
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