According to a new market report published by Transparency Market Research “Air Deflector Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”, the global air deflector market for automotive is expected to expand at a CAGR of about 4% and is anticipated to surpass the US$ 15 Bn mark by 2026.
The global automotive air deflector market is predicted to expand at a CAGR of about 4% between the forecast years 2018 and 2026, according to a new research report published by Transparency Market Research (TMR). According to the report, the automotive air deflector market is expected to be driven by the enriched look of the vehicle with air deflectors and its ability to allow the fresh air to enter inside the vehicle cabin by partially rolling down the windows. Asia Pacific is expected to be at forefront of the global market, and the market is likely to expand at a CAGR of above 4.0% during the forecast period.
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Enhanced appearance of the vehicle, improved vehicle aerodynamics, marginal but increased vehicle efficiency, and better vehicle control at high speeds are key drivers of the automotive air deflector market. Increased demand for vehicle speed, consumer tendency for SUVs, and consumer preference for efficient and inexpensive vehicle accessories are likely to boost the market in the near future.
Windows air deflectors are mostly preferred by consumers as they are easily available in the market and easy to fit. In North America and Europe, it is mandatory for windows air deflectors and bug deflectors to be transparent, and hence, manufacturers prefer acrylic material to manufacture them. Moreover, windows air deflectors and bug deflectors are made transparent in order to avoid distraction for the driver. The automotive industry in Europe and Asia is has been witnessing an increase in demand for SUVs and family cars for the last few years. SUV owners prefer to have front spoilers on their vehicles as it enhances the appearance of the vehicle. The front air spoiler segment is expected to expand at a CAGR of about 4% during the forecast period owing to the consistently increasing demand for SUVs.
Besides acrylic, the fiberglass material segment is likely to lead the automotive air deflector market. Manufacturers are preferring fiberglass for front air spoilers, roof air spoilers, and bug deflectors owing to its excellent corrosion resistance, superior molding ability, light weight, rich appearance, and cost effectiveness. Therefore, the fiberglass segment of the automotive air deflector market is anticipated to expand at a CAGR of 4.5% between 2018 and 2026.
The global air deflector market for automotive is segmented as follows:
- Global Air Deflector Market for Automotive, by Material
- Acrylic
- Fiberglass
- ABS Plastic
- Others
- Global Air Deflector Market for Automotive, by Mounting Method
- Tape-on Deflectors
- Bolt-on Deflectors
- In-channel Deflectors
- Global Air Deflector Market for Automotive, by Manufacturing Process
- Casting
- Molding
- Vacuum Forming
- Global Air Deflector Market for Automotive, by Position
- Bug Deflector
- Window Air Deflector
- Front Air Spoiler
- Rear Air Spoiler
- Roof Air Deflector
- Global Air Deflector Market for automotive, by Sales Channel
- OEM
- Aftermarket
- Global Air Deflector Market for Automotive, by Vehicle
- Passenger Vehicle
- Commercial Vehicle
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