Global Automotive Inner Fenders Market 2017-2021

Overview of the global automotive inner fenders market

Technavio’s market research report predicts that the global automotive inner fenders market will grow at a CAGR of above 5% during the forecast period. The rise in construction and infrastructural activity across Asia that leads to the increasing demand for M&HCVs will be one of the primary drivers for market growth. The increasing urbanization, particularly in developing economies such as China and India, are raising the requirements for housing and related infrastructure. The rise in housing construction activities is projected to drive the market for commercial vehicles since large-scale real-estate projects have the need for M&HCVs to transport raw materials. Moreover, the rise in mining and construction activities in Asia will drive the market for commercial vehicles, which in turn, will fuel the demand for automotive inner fenders.

One of the latest trends that will gain traction in the global automotive inner fenders market is the rise in the utilization of non-corrosive materials for the manufacture of inner fenders.  Inner fenders are visible to rain, mud, gravel, and road debris and are prone to get rusted and damaged which raises the chances for quick replacements. To counter this, manufacturers are focusing on have equipped the inner fenders with non-corrosive materials such as thermoplastic to the inner liners which will protect them from getting rusted and thus increasing the life span. Moreover, these thermoplastic wheel liners can be effortlessly replaced as they are fitted with screws, bolts, and clips.

Competitive analysis and key vendors

The global automotive inner fenders market has few well-established vendors and different regional players. To meet the global demand for improved inner fender system at a low cost, the key vendors in the market are currently focusing on enhancing their customer base and are raising their R&D investments. Though the vendor competition in the market is mainly based on factors such as quality, availability, customer relationship, and pricing, R&D activities also play a significant role in the growth of the vendors in this market.

Key vendors in the market are:

• Samvardhana Motherson
• Gordon
• GBC

Other prominent vendors include Auto Depot, Auto Metal Direct, Glasstek, and Lokari.

Segmentation by application and analysis of the automotive inner fenders market

• Passenger cars

• LCV
• M&HCV

During 2016, the passenger cars segment dominated the automotive inner fenders market and is expected to continue its dominance over the next four years. Factors such as reduced interest rates, drop in fuel prices, the recovering economy, and the fast growth of countries in APAC, will drive the segment’s growth in this global market.

Geographical segmentation and analysis of the automotive inner fenders market

• Americas
• APAC
• Europe

In terms of geography, APAC dominated the global automotive inner fenders market during 2016 and will continue its dominance during the forecast period. Factors such as the rise in investments towards infrastructure development and following need for additional commercial vehicles by construction companies for transportation facilities in countries such as China and India are driving the market of M&HCVs in APAC. Moreover, the increase in sales of passenger cars due to the rising household income of the people and low penetration of car ownership, will also contribute to the growth of the market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive inner fenders market?
• What are the key market trends impacting the growth of the global automotive inner fenders market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive inner fenders market?
• What are the market opportunities and threats faced by the vendors in the global automotive inner fenders market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA .
• What are the key outcomes of the five forces analysis of the global automotive inner fenders market?

Technavio also offers customization on reports based on specific client requirement.

Inner fenders are a vital component in the body of a vehicle, and each vehicle is equipped with inner fenders, as it prevents the mud, dust and road debris from entering the engine compartment. Technavio’s industry reports for the automotive industry encompass a wide range of product markets including automotive components, automotive manufacturing, and automotive electronics. Technavio’s reports also extend a competitive analysis of all the prominent vendors, their products and services, and the market landscape for the automotive industry.

To correctly forecast the automotive components industry’s growth outlook, our market research specialists pursue a comprehensive research approach of primary and secondary research methods by considering an in-depth analysis of demand for different products and services spanning multiple geographical regions. Furthermore, to help clients shape new strategies for market expansion, our upcoming industry research report on the automotive inner fenders market for the years 2017 to 2021 proposes significant actions devised after gathering data from market informants such as manufacturers, channel partners, regulatory bodies, and decision makers.

This upcoming report on the automotive inner fenders market also takes into account the growth patterns of resembling markets of the automotive fuel tank and automotive collapsible steering column, which are expected to grow at a CAGR of almost 4% and about 2%, respectively by 2021. According to our market research analysts, the rise in the preference for transporting freight through roadways and a higher emphasis on performance and efficiency of the vehicle will propel the automotive components market’s growth in the coming years.

The upcoming report for the automotive inner fenders market also identifies the emerging trends, key drivers, and the setbacks currently experienced by the industry and also presents insights into auto accessories and wheels and tires.