Automotive Ducts Market size was valued at US $ 1.35 Billion in 2021 and the total Market revenue is expected to grow at 4.5% through 2022 to 2027, reaching nearly US $ 1.77 Billion
Several factors may contribute to an increase in demand for automotive ducts in the coming years. Among several factors, the expected recovery in vehicle production, supported by an increase in disposable income, increased motorization rate, and so on, will continue to be the most significant growth factors. Other drivers include increasing SUV penetration in overall vehicle production and stringent regulations in major markets regarding carbon emission reductions and fuel efficiency enhancements. To meet stringent government regulations, automakers are increasingly incorporating advanced lightweight parts or systems. This trend has a significant impact on ducts, as automakers demand lightweight yet durable ducts.
Automotive Ducts Market Overview:
Automotive Ducts Market Research Report examined the current state of definitions, classifications, applications, and the structure of the industry chain. The Automotive Ducts market analysis offers objective professional commentary on the current market scenario, prior market performance, production and consumption rates, demand and supply ratios, and income generation forecasts for the projected period. The Automotive Ducts market study also provides information on the industry's leading businesses' strategic ambitions and company growth strategies. To summarize, the report provides a comprehensive picture of the Automotive Ducts market in both global and regional markets.
To Get A Copy Of The Sample Of The Market, Click Here:https://www.stellarmr.com/report/req_sample/Automotive-Ducts-Market/546
Automotive Ducts Market Dynamics:
The primary driver of the Automotive Ducts Market is the recovery of the automobile market. Markets are expected to recover quickly due to the market's promising growth and the disposable income possessed by populations worldwide. This is aided further by an increase in tourism and taxi services, which leads to increased motorization. This is directly related to the number of air ducts used in vehicles and thus benefits the Automotive Ducts Market.
Automotive Ducts Market Segmentation:
With an increase in the number of passenger vehicles due to increased disposable income and an increase in the number of taxi and ride-sharing services, the sub-segment is expected to recover at a promising rate. Other types of segments are expected to recover slowly. The increasing rate of motorization and the relatively higher production of passenger cars than commercial vehicles are the primary reasons for its dominance. Another significant segment, LCV, is expected to show a modest recovery in post-pandemic market developments.
The Automotive Ducts Market is divided into two application types: HVAC Ducts and Under-the-hood Ducts. In 2021, the HVAC ducts segment held the largest market share. HVAC ducts are expected to remain the most prevalent application type, with the highest CAGR during the forecast period. Under-the-hood ducts, on the other hand, are expected to remain the second-largest application type over the same time period. HVAC ducts are mostly made of plastic (polypropylene or polyethylene plastics). The largest application of ducts in an automobile is the instrument panel duct, which is located in the HVAC area. Roof ducts, console ducts, and pillar ducts are other major HVAC ducts that are in high demand.
Using Duct Air Pressure, The ducts are divided into two types: low-pressure ducts and high-pressure ducts. Low pressure ducts are used in HVAC systems, instrument panels, brake ducts, and other applications. Engines, transmissions, and other under-the-hood applications use high pressure ducts.
Automotive Ducts Market Key players:
MANN+HUMMEL Group(Germany)
Continental AG(Germany)
Mahle GmbH(Germany)
Sogefi Group(Italy)
Trocellen GmbH(Germany)
ABC Technologies Inc.(Canada)
Nihon Plast Co. Ltd.(Japan)
Hutchinson SA(Paris)
Kyoraku Co. Ltd.(Japan)
Röchling Group(Germany)
INOAC Corporation(Japan)
Sekiso Co. Ltd.(Japan)
Rehau AG(Switzerland)
Bolton Plastic Components Ltd.(Canada)
Toyoda Gosei Co., Ltd. (Japan)
Automotive Ducts Market Regional Analysis:
The region section of the Automotive Ducts market report includes specific market-affecting elements and regulatory changes that affect the market's current and future developments. New sales, replacement sales, national demographics, regulatory acts, and import-export tariffs are some of the primary indicators used to estimate the Automotive Ducts market scenario for different regions. Furthermore, the Automotive Ducts market report provides the existence and availability of global brands, as well as the challenges they face due to strong or weak competition from local and domestic brands, as well as the influence of sales channels, when providing forecast analysis of national data. markets.
The Asia Pacific region is expected to dominate the Automotive Ducts market share due to high technological adaptation, government assistance, and the availability of skilled labor. The Asia Pacific market was worth USD 242.0 million in 2020, and it is expected to gain a significant share of the industry in the coming years. The increased adoption of various shaped packs and innovative packaging is also expected to promote the growth of hot runners in the packaging market. Higher plastics production and the expansion of manufacturing facilities in Europe are likely to boost the use of hot runner packaging. This component has the potential to boost growth.
Automotive Ducts Market research report offers:
Request for Free Sample Pages:https://www.stellarmr.com/report/req_sample/Automotive-Ducts-Market/546
About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
Contact Stellar Market Research
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud,
Pune, Maharashtra, 411029
+91 20 6630 3320 +91 9607365656
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business.
Automotive Ducts Market , Automotive Ducts Market Size , Automotive Ducts Market Share , Automotive Ducts Market Growth , Automotive Ducts Market Trends
Mar 13, 2023