Pune, India, July, 2018 /MRFR Press Release/- Market research future published a half cooked research report on global automotive air deflector market. The automotive air deflector market is expected to grow over the CAGR of around ~5% during the period 2018 to 2023.
The automotive air deflector helps achieve the desired speed of the vehicle and improves the efficiency of vehicle. The air deflector manufacturers are developing different innovative technologies and materials to improve the vehicle performance and aerodynamics. The air deflector has extensive use in commercial vehicles for enhancement of speed and safety. In all vehicles, air deflector is used to improve the fuel economy, appearance, and air-conditioning (HVAC), and minimize air drag in the vehicle. The factors that drive the automotive air deflector market are government initiative towards the safety and speed, and the increase in sales of vehicles in emerging economies.
On the basis of region, the market is segmented into North America, Asia-Pacific, Europe, and Rest of the World. Asia-Pacific is expected to dominate the market during the forecast period. Automotive air deflectors require significant initial investments, which become an entry barrier for the small companies. Major manufacturers in Asia-Pacific along with their partnerships with the local players, over time, have widened the scope of the market in the region. Europe is expected to be the second largest market during the forecast period due to immense demand of commercial vehicles in France with the increase in demand of commercial vehicles. There has been a high demand for automotive air deflectors. The increased use of vehicles generates the need for adoption of advanced technologies, such as air deflector and spoiler system for achieving the desired speed and efficiency. North America is expected to be the third largest market during the forecast period due to the presence of major manufacturers. US, Canada, and Mexico together account for a majority of the share of the automotive air deflectors North America market.
Global Automotive Air Deflector Market Size, 2018-2023(CAGR)
Scope of the Report
This study provides an overview of the global automotive air deflector market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive air deflectors market by its type, material, mounting method, sales channel, vehicle type and region
The key players in automotive air deflector market are Hatcher Components Ltd (UK), Piedmont Plastics (US), Spoiler Factory (Australia), and Lund International (US), Altair Engineering Inc. (US), Peterburg Industrial & Design Co.,Ltd. DGA (US), FARAD Group (Luxembourg) and Climair UK Ltd(UK) are among others.