Automotive Ducts market size will shoot up to US$ 1,442.2 million by 2024, as estimated by Stratview Research

Stratview Research in its recent report has offered an overlook of the current Automotive Ducts Market scenarios and has also estimated the Automotive Ducts market size to reach US$ 1,442.2 million by 2024. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.

Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2019 – 2024, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.

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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.

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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.

Check out the Table of Contents here:
https://www.stratviewresearch.com/toc/307/Automotive-Ducts-Market.html

Highlights of the Report:

As per Stratview Research, 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.

The report also throws light on the Automotive Ducts market share percentage, captured by specific key players in the industry; along with important mergers and acquisitions which have taken place till date.

Some of the key players mentioned the Automotive Ducts Market are MANN+HUMMEL, Continental AG, MAHLE GmbH, Sogefi Group, Kyoraku Co. Ltd., Trocellen GmbH, and Rochling Group.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The automotive duct market analysis report discusses the following heads in great detail:
• 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

Know more about us and our reports:
Stratview Research has been offering its insightful reports and custom researches to the interested clients in some of important industry sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The data is collected for the reports is collected from reliable sources and is analysed carefully to come up with an end result that is resourceful and worthy for the interesting clients.

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