Market Research Future (MRFR) expects the automotive air deflector market 2020 to procure a CAGR of 5% between 2018 and 2023 (assessment period), despite the COVID-19 impact. We will provide COVID-19 impact analysis with the report, along with the key developments that happened following the coronavirus disease outbreak.
Key Boosters and Top Barriers
The automotive air deflectors market has been hit hard by the COVID-19 outbreak, with a drop in the product demand post the lockdown imposed by governments worldwide. The pandemic has led to temporary shutdown of manufacturing units in the automobile sector, thereby weakening the sale of automotive air deflectors. Since the SARS-CoV-2 outbreak, curfews have been imposed in almost every country, wherein only a few authorized individuals are allowed to travel, resulting in further decline in the sale of automobiles. However, technological innovations along with a surge in the production of vehicles, and the heavy demand for advanced and luxury features in vehicles can boost the expansion rate of the automotive air deflector market.
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Albeit the drastic impact of the novel coronavirus on the consumer demand, the automotive air deflector market is on its way to recovery, since governments across various countries are starting to lift the lockdowns. This is believed to boost the vehicle sale once again, leading to better growth of the automotive air deflector industry. The market growth is also warranted by the strict environmental regulations, provision of better fuel efficiency along with enhanced vehicle aerodynamics, good vehicle control and attractive design. The mounting demand for integrated vehicle-to-vehicle/V2V communication, rapid integration of highly advanced sensors, radar and GPS can also encourage market expansion in the following years.
The latest trend in the market is the emergence of air deflectors that are made of carbon fiber, as these are lighter in weight, are more durable and stronger compared to steel and aluminum. It is anticipated that the demand for carbon fiber air deflectors can increasing exponentially in the years ahead, which could result in significant market growth. In addition, an increasing number of players are picking up on this trend and launching new models in the market, to gain a higher number of consumers.
For instance, in February 2020, Brabus new pickup truck based on the already-excessive Mercedes-AMG G 63, another options include a roof rack, auxiliary LED lights, and a carbon-fiber wind deflector that supposedly makes this brick on wheels a bit more aerodynamic.
The automotive air deflector industry can be broken down into a few key segments, namely type, material, mounting method, sales channel as well as vehicle type.
The types of air deflectors in the market are window air deflector, sunroof deflector and bug deflector.
The materials covered in the market study include fiberglass, abs plastic and acrylic.
The mounting method-wise market categories could be bolt-on deflectors, in-channel deflectors and tape-on deflectors.
Depending on the sales-channel, the market can be considered for OEM/original equipment manufacturers as well as aftermarket.
The key vehicle types mentioned in the study are commercial vehicle and passenger vehicle.
The automotive air deflector market has been regionally segregated into Asia Pacific/APAC, North America, Europe, as well as RoW/Rest of the World.
The APAC market is on track to become the global leader, thanks to the escalating sales of passenger cars in India, Japan and China. The sales of the latest models have been increasing at an exhilarating pace in a number of countries owing to the improving per capita income along with the elevated GDP.
Europe could potentially take the second lead in the global market, as a result of the rapid expansion of the agricultural and logistics industry. In Europe, bug deflectors and windows air deflectors are required to be transparent, which boosts the demand for acrylic for the manufacturing process. Acrylic has also gained high impetus in the manufacturing of roof air deflectors. Moreover, the well-developed mining industry, along with the thriving manufacturing and construction industries can also be a growth inducer in the regional market.
Key Industry Companies
The key industry companies mentioned in the MRFR study are Altair Engineering Inc. (US), Climair UK Ltd (UK), Hatcher Components Ltd (UK), DGA (US), Piedmont Plastics (US), Spoiler Factory (Australia), Lund International (US), FARAD Group (Luxembourg), and more.
Lexus launched its latest LC Convertible that boasts of excellent cabin comfort and aerodynamic features such as an advanced air deflector, mesh windscreen that brings down the airflow and a kick in the beltline.
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