Global Air Deflector Market Key Insights for the Period 2018-2026: Passenger Vehicle Segment Holds Major Share

A fresh study has been recently compiled and added to the vast archive of Market Research Hub (MRH), which is titled as “Air Deflector Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026”. The study offers precise analysis and permits the reader to acquire knowledge about the active as well as future market scenario of air deflector based on drivers, restraints and opportunities. To provide accurate analysis, the study offers market data based on revenue and volume generation along with the CAGR for the period from 2018 to 2026, across various geographies.

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 Research Key Highlights

Air deflectors were introduced as an add-on accessory that enhanced vehicle aerodynamics. An improper design increases the vehicle drag and affects the vehicle efficiency. On the other hand, an accurately designed air deflector reduces the vehicle drag by redirecting the air flow. According to the study review, the global air deflector market for automotive is expected to develop at a CAGR of about 4% and is anticipated to surpass the US$ 15 Bn mark by 2026. There are some prime factors present behind this growth, such as improved appearance of the vehicle, vehicle aerodynamics, marginal but increased vehicle efficiency, and better vehicle control at high speeds booming the automotive air deflector market. One of the most important section of the report comprises key developments taking place in the air deflector industry including the events that took place in the past and are likely to take place during the forecast period 2018-2026. For providing a snapshot of this market to the stakeholders, an executive summary section is included in this report, which reviews the market size, trends and competition for air deflector products in six major regions. The regions include Latin America, North America, Europe, Asia Pacific, the Middle East & North Africa and Rest of the World. As per the report, increased demand for vehicle speed, consumer inclination for SUVs, and preference for efficient and inexpensive vehicle accessories are likely to boost the market in the near future. In terms of geography, Asia Pacific held a prominent share of the global automotive air deflector market in 2017. The study also reveals that sales of passenger vehicles in the region have risen by 5.2% in 2017 and expected to have a boosted demand for the same.

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 Segmental Overview

As the report moves ahead, the study offers segmental analysis of the air deflector market on the basis of material type, mounting method type, manufacturing process type, position, sales channel, and vehicle. This segmentation includes the current and forecast demand for air deflector across the world. By material, the study covers Acrylic, ABS Plastic, Fiberglass and others. On the basis of mounting type, it covers Tape-on Deflectors, In-channel Deflectors and Bolt-on Deflectors. By vehicle type, it covers commercial and passenger vehicles. At last, the competitive landscape analysis has been included which gives readers detailed analysis and insights on the business and product strategies of leading players. Key players include Hatcher Components, Piedmont Plastics, Spoiler factory, DGA, ELLEDI srl - P.I. e C.F., and Lund International.

 

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This release was published on openPR.