Automotive Mudguards Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025
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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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.
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.
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