Transparency Market Research has announced the addition of the “Automotive Mudguards Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" report to their offering.
Albany, NY -- (SBWIRE) -- 11/16/2017 -- Automotive mudguards are parts of automobiles that frame the wheel and prevent sand, rocks, mud, liquids, or any other forms of dust from getting sprayed into the wheels of the vehicle, in the air, or on other vehicles and pedestrians. The automobile industry has been focusing on strengthening various automotive components without increasing their weight. Various components previously made of metal are now being replaced with lightweight alloys, aluminum, and hard composite plastic counterparts. These offer the same strength as steel, but at half the weight. Rubber mudguards have been replaced by heavy steel plates and composite plastic mudguards made of natural fiber and acrylonitrile butadiene styrene materials. Plastic composites are non-degradable; hence, degradable composite material that can effectively replace plastic composites is being researched upon by equipment makers.
The global automotive mudguards market can be segmented based on material, vehicle, electric vehicle, and region. In terms of material, the automotive mudguards market can de classified into natural fiber, aluminum, polymer fiber, steel, and acrylonitrile butadiene styrene plastic. Increase in usage of natural fiber in manufacturing processes is a major trend gaining traction in the automotive industry. These natural fiber polymer composites are environment-friendly, lightweight, and bio-degradable. Additionally, incorporation of natural fibers can reduce more than 30% of the weight of the vehicle compared to other glass reinforced fibers. These enhanced features are expected to provide immense growth potential to the automotive mudguards market. Based on vehicle, the automotive mudguards market can be segregated into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. The passenger vehicle segment is anticipated to account for the key share of the automotive motors market, followed by light commercial vehicle and heavy commercial vehicle segments, during the forecast period. Rise in interest of various automotive manufacturers in the usage of automotive exterior components made from lightweight composite materials is estimated to boost the production of automotive mudguards, as mudguards in the passenger vehicle segment are increasingly developed from lightweight materials.
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Based on electric vehicle, the automotive mudguards market can be divided into hybrid vehicle, battery electric vehicle, and plug-in hybrid electric vehicle. Rise in government initiatives to promote green vehicle is projected to drive the global automotive mudguards market during the forecast period. Demand for automotive mudguards is high in the production of electric vehicles and hybrid vehicles. Governments of various countries such as China and those in Europe are increasingly encouraging the purchase of low-emission electric and hybrid cars, as these help protect the environment by limiting vehicular emissions. Additionally, government subsidies such as tax exemptions and designated parking spaces to electric car buyers in Europe also encourage people to opt for electric and hybrid vehicles. This, in turn, is likely to propel the demand for automotive mudguards in the near future.
In terms of geography, the automotive mudguards market can be classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is the dominant market for the automotive sector; India, China, and Japan account for the leading share, led by the increase in production of vehicles in these countries. Furthermore, increase in spending on road infrastructure and rise in manufacturing activities in Asia Pacific are expected to augment the demand for commercial and passenger vehicles. This, in turn, is anticipated to boost the automotive mudguards market during the forecast period.
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Key players operating in the global automotive mudguards market are Mr Mudguard, FeatherWing, Jonesco, Rhino Manufacturing, KN Rubber, Sant Manufacturers, and FIEM Industries.