Automotive Ducts Market is Likely to reach an estimated value of US$ 1,442.2 million in 2024

Stratview Research has launched a new research report on Automotive Ducts Market. Published on march,2019 this 260-page report segments the market in six ways to provide a 360-degree holistic view.

The forecast of the market size has been segmented by –
 Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium- & Heavy-Duty Commercial Vehicle),
 Application Type (HVAC Ducts, Under-the-Hood Ducts, Other Ducts),
 Material Type (Plastic Ducts, Foam Ducts, Other Ducts),
 Process Type (Blow Molding, Injection Molding, Thermoforming, Others),
 Pressure Type (Low-Pressure Ducts, High-Pressure Ducts),
 Region
 North America (Country Analysis: The USA, Canada, and Mexico)
 Europe (Country Analysis: France, Germany, the UK, Italy, Russia, and Rest of Europe)
 Asia-Pacific (Country Analysis: China, Japan, India, South Korea and Rest of Asia-Pacific)
 Rest of the World (Country Analysis: Brazil, Argentina and Others)

The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Automotive Ducts Market.

Years considered for this report –
 base year 2019
 trend period 2013 – 2018
 forecast period 2019 - 2024

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Automotive ducts market to reach US$ 1,442.2 million

The global automotive ducts market is projected to reach an estimated value of US$ 1,442.2 million in 2024. This represents an attractive growth opportunity in the entire ecosystem of the market. Organic growth in the automobile production, owing to rising urbanization and increasing disposable income; increasing share of hatchbacks and SUVs in total vehicle production; and a continuous replacement of traditional rubber and metal ducts with plastic ducts are some of the major factors that the proliferating the growth of ducts in the automotive industry.

Passenger car is expected to remain the growth engine

The automotive ducts market is segmented based on the vehicle type as Passenger Car, LCV (Light Commercial Vehicle), and M&HCV (Medium- and Heavy-Duty Commercial Vehicle). Passenger car is expected to remain the growth engine of the automotive ducts market during the forecast period of 2019 to 2024. Increasing production of passenger cars, especially hatchbacks and SUVs coupled with a higher demand for lighter ducts would remain the major driver of the segment over the next five years. Hatchbacks and SUVs are likely to generate greater demand for ducts in the passenger cars segment.

The HVAC ducts segment is expected to remain the most dominant application type

Based on the application type, the automotive ducts market is segmented as HVAC (Heating, Ventilation, and Air Conditioning) ducts, Under-the-Hood Ducts, and others. The HVAC ducts segment is expected to remain the most dominant application type in the automotive ducts market during the forecast period. HVAC ducts include various large-sized ducts, such as instrumental panel duct, roof ducts, console ducts, and pillar ducts.

Plastic duct is expected to remain the most dominant material type

Based on the material type, the market is segmented into plastic ducts, foam ducts, and other ducts. Plastic duct is expected to remain the most dominant material type in the automotive ducts market during the forecast period. The segment is driven by a host of factors, such as significant weight reduction, better mechanical and chemical properties, improved temperature resistance, and good acoustic property. Foam ducts are also gaining share in the market, driven by their weight reduction and excellent acoustics.

Low-pressure duct is expected to remain the larger segment

Based on the pressure type, the low-pressure duct is expected to remain the larger segment of the automotive ducts market during the forecast period. All the major HVAC ducts, such as instrument panel ducts, console ducts, roof ducts, and pillar ducts, mainly fall into low-pressure range. On the other hand, high-pressure ducts are largely used in under-the-hood applications.

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Asia-Pacific is expected to remain the largest automotive ducts market

In terms of region, Asia-Pacific is expected to remain the largest automotive ducts market during the forecast period of 2019 to 2024. The region is also likely to experience a healthy growth during the same period. High annual automobile production is primarily driving the demand for ducts in the region. China is expected to maintain its dominance in the Asia-Pacific’s market over the next five years. The country is also the largest global market. Europe is expected to remain the second-largest automotive ducts market during the same period.

Key Strategies

Developing lightweight automotive ducts and forming strategic alliances are the key strategies adopted by the key players to gain a competitive edge in the market.
The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Major automotive duct companies - MANN+HUMMEL, Continental AG, MAHLE GmbH, Sogefi Group, Kyoraku Co. Ltd., Trocellen GmbH, and Rochling Group.

Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
 Market structure: Overview, industry life cycle analysis, supply chain analysis
 Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
 Market trend and forecast analysis
 Market segment trend and forecast
 Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
 Attractive market segments and associated growth opportunities
 Emerging trends
 Strategic growth opportunities for the existing and new players
 Key success factors.

Research Methodology
This report studies the Automotive Duct Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
 Extensive secondary research,
 Rigorous primary interviews with more than 10 industry stakeholders across the value chain.
 Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
 More than 1000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

Stratview Research has several high value market reports in the Automotive industry. Please refer to the following link to browse through our reports:
https://www.stratviewresearch.com/market-reports/Automotive-Transportation.html

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