Press release
Emerging Opportunities in Splash Shield Market with Current Trends Analysis
Global Splash Shield Market: Drivers and Restraints
The continuous growth in automobile sales across the globe is anticipated to be the primary factor driving the global splash shield market in the forecast period. Additionally, as the splash shield is directly exposed to water and debris, certainly it requires a replacement after a limited time frame, and this coupled with rising awareness about engine safety and car life cycle is fueling the global splash shield aftermarket sales. In recent years the market has witnessed newer and better splash shield design that also helps in increasing the engine performance by allowing proper airflow path. Hence these additional advantages are also expected to drive the market in the forecast period. Concurrently, with the rising cost of car engine/brake repairs, people are getting more inclined towards primary precaution tools like splash shields, henceforth driving the demand of OE as well as after-market splash shields.
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Global Splash Shield Market: Segmentation
On the basis of application area:
Engine Components
Breaks
Others (alternator, drive belts, etc.)
On the basis of type:
Single unit shields
Twin unit shields
On the basis of manufacturing material:
Plastics and Fiberglass
Metals (Aluminium etc.)
On the basis of vehicle type:
Passenger Vehicles
Conventional
Electric/Hybrid
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Commercial Vehicles
LCV
HCV
On the basis of market type:
OEM
After-Market
Global Splash Shield Market: Regional Outlook
Geographically, the global splash shield marketcan be segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). European and North American regions housing a large number of major OEM, shall dominate the global splash shield market in the forecast period. With rising number of vehicles on road the APEJ nations are anticipated to significant increase their share in the global splash shield market. Similarly, rising FDI opportunities in China and India are urging major OEM’s to set up their manufacturing plants there, hence increasing their share of pie in the OE splash shield market in the forecast period. Japan being the hub for major manufacturing facilities of Toyota and Honda, is also holding a notable share in the forecast period.
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Global Splash Shield Market: Key Players
The global market is dominated by Chinese and other regional manufactures. Some of them are: A.P.A Industries Inc., Crown Automotive Sales Co. Inc., Husky Liners Inc., Rugged Ridge, NuVue Products, Omix-ADA Inc., Dekar Engineers Pvt. Ltd., Hangzhou Kapaco Automotive Parts Co. Ltd, etc.
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