Automotive Ducts Market estimated to grow at impressive CAGR in the forecast period (2019-2024)

Summary:
The report on the Automotive Ducts Market has been launched in March,2019 by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2019-2024. The report also offers insights into different market segments and other factors affecting the market.

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Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Automotive Ducts Market is expected to inflate at impressive CAGR by the forecast period (2019–2024).

As per the report, the market is segmented by:
• By Vehicle type: Passenger Car, Light Commercial Vehicle, Medium- & Heavy-Duty Commercial Vehicle
• By Application Type: HVAC Ducts, Under-the-Hood Ducts, Other Ducts
• By Material Type: Plastic Ducts, Foam Ducts, Other Ducts
• By Process Type: Blow Molding, Injection Molding, Thermoforming, Others
• By Pressure Type: Low-Pressure Ducts, High-Pressure Ducts
• By Region: North America, Europe, Asia-Pacific, Rest of the World

The Table of Contents can be gone through here:
https://www.stratviewresearch.com/toc/307/Automotive-Ducts-Market.html

Highlights of the Report:

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 are driving the growth of ducts in the automotive industry.

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.

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.

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.

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.

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 market in the world. Europe is expected to remain the second-largest automotive ducts market during the same period.

Key Players of the Market

The market is consolidated in nature with five major players ABC Group Inc., Bolton Plastic Components Ltd, Continental AG, Cornaglia Group SpA, Hutchinson SA holding together the major share in the market, with ABC Group Inc. being the key player.
Other important firms are INOAC Corporation, Kyoraku Co. Ltd, MAHLE Group, MANN+HUMMEL Group, Nihon Plast Co. Ltd., Röchling Group, Sekiso Co. Ltd., Sogefi Group, Toyoda Gosei, Trocellen GmbH

Features of the Report
The Report discusses about the working of the ducts, the various types, and the growth of the ducts in the global market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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Stratview Research
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Direct: +1-313-307-4176

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This release was published on openPR.