Global truck fender market was valued at USD 3721.9 million in 2018 and is expected to reach USD 5252.2 million by 2026

Truck Fender Market

A fender is one of the automobile components that help in reducing the aerodynamic drag acting on a vehicle, increasing fuel efficiency. Additionally, the enforcement of various government regulations and policies to decrease greenhouse gas emission and upsurge fuel efficiency has significantly increased the demand for fenders, thereby boosting market growth.

The Major Players Covered in this Report:
Jonesco (Preston) Ltd., Hogebuilt, Inc., Minimizer LLC., ACE Manufacturing Inc., W.T.I Truck Accessories (Watt Trucking, Inc.), and Jones Performance Products. 

The global truck fender market was valued at USD 3721.9 million in 2018 and is expected to reach USD 5252.2 million by 2026 with an anticipated CAGR of 4.5% during the forecast period, 2019–2026.

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By Type, Single Axle Fender Sets,Multiple Axle Fender Sets,Others

By Application,Aftermarket, OEM

Segment Insights

The global truck fender market is segmented by type and application.

Based on type, the truck fender market can be segmented into single-axle fender sets, multiple axle fender sets, and others. The multiple axle fender segment is expected to witness a high growth rate in the truck fender market as the significant growth of transportation and logistics, mining, and retail sectors in developing countries such as China and India has raised the demand for multi-axle trucks. Moreover, top transportation end-use sectors such as e-commerce, pharma, and durables companies are adopting less than 5 year old trucks to ferry goods. Furthermore, the increasing number of substantial infrastructure projects such as road expansion, rural development, and smart cities development has increased the demand for multi-axle trucks and tippers.

Regional Analysis For Truck Fender Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Truck Fender are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

The study objectives of this report are:

To study and forecast the market size of the Truck Fender in the global market.
To analyze the global key players, SWOT analysis, value, and global market share for top players.
To define, describe and forecast the market by type, end-use, and region.
To analyze and compare the market status and forecast among global major regions.
 Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
Identify the key trends and factors that are driving or holding back market growth.
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
Strategic analysis of each submarket in light of individual growth trends and market contributions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Complete analysis of the strategic strategy and growth of key players

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