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Automotive Mudguards Market report categorizes global market on the basis of vehicle type, and raw materials - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025
Automotive Mudguards Market - Global Industry Insights, Trends,
Outlook, and Opportunity Analysis, 2017–2025
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.
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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.
Utilization of natural fibers in the manufacturing is expected to drive the demand
growth
Increased usage of natural fibers in the manufacturing processes is a major trend gaining
traction in the industry. These natural fiber polymer composites are environment-friendly,
lightweight, and bio-degradable. Moreover, according to our research, incorporation of
natural fibers can reduce over 25% of the vehicle weights in comparison to other glass
reinforced fibers. These enhanced features are expected to provide large growth potential to
the automotive mudguards market.
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.
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.
Industry presence is characterized by established presence of major players with moderate
competition among them. Chief players in the automotive mudguard market include
MrMudguard, Rhino Manufacturing, FeatherWing, KN Rubber, Jonesco, KWIK PFYT mud
flaps, FIEM Industries, and Sant Manufacturers.
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apeksha motghare
apeksha motghare533   documents Email
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