Automotive Cowl Panel Market Study: An Emerging Hint of Opportunity by 2031

The automotive cowl panel market is expected to grow steadily between 2021 and 2031, with a CAGR of 3% - 5%, according to Future Market Insights' latest study. The market will recover steadily in the short term as a result of Covid-19's effect, with an optimistic long-term growth outlook. The increase in vehicle production and sales has led to the growth of automotive components and hence the growth of the automotive cowl panels.

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The panel that covers the gap between your car's hood and windshield is known as a cowl panel. It protects the area between the windshield and the hood while supporting the windshield and dashboard. It accomplishes this by ensuring that no foreign objects enter the windshield wiper system or the cabin filter area. Since all vehicles need an automotive cowl panel, rising vehicle sales and production along with fleet on road, are expected to be the primary drivers of the automotive cowl panel industry.

Research centers are constantly working to improve the cost and operating efficiencies of automotive cowl panel, with the aim of lowering their costs and, ultimately, the price of the finished product. Automotive hubs such as China, Japan, and US have validated persistent developments in recent years, which are expected to bid on thriving prospects to the Asia Pacific region's segment growth.

Though due to COVID-19 pandemic the overall sales were hampered and the demand drastically declined during 2020. However, it is estimated that the market will show positive growth from 2021 onwards.

Who are the Key Manufacturers and Suppliers of Automotive Cowl Panel?

Some of the leading manufacturers and suppliers of automotive cowl panel include

Dorman Products
Bright Brothers ltd.
Veegeeindustries Enterprise Private Limited
Original Equipment Reproduction
RestoParts
Sherman
Dynacorn
Goodmark
Mopar
Auto Metal Direct

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Key Segments of Automotive Cowl Panel Market
By Material:

Aluminum
Stainless Steel
Others

By Vehicle Type:

Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle

By Sales Channel:

OEM
Aftermarket

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By Region:

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, Italy, France, U.K, Spain, Poland, Russia)
South Asia and Pacific (India, ASEAN, ANZ)
East Asia (China , Japan, South Korea)
Middle East and Africa (GCC Countries, South Africa, Northern Africa)

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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

This release was published on openPR.