Global Automotive Mudguards Market 2017-2021

Overview of the global automotive mudguards market

According to Technavio’s market research report, the global automotive mudguards market will grow at a steady rate and post a CAGR of close to 5% during the forecast period. The increasing number of government initiatives to promote green mobility will drive the growth prospects for the global automotive mudguards market during the projected period. The market is witnessing a high demand for automotive mudguards in the production of electric vehicles (EVs) and hybrid vehicles. The governments of various countries such as China and the countries in Europe are increasingly encouraging the purchase of low-emission electric and hybrid cars to protect the environment by limiting vehicular emissions. Additionally, government subsidies such as tax exemptions and designated parking spaces to electric car buyers in Europe will also encourage a number of people to purchase EVs and hybrid vehicles, which in turn, will fuel the demand for automotive mudguards.

One of the major trends that will influence the growth of the global automotive mudguards market is the increasing usage of natural fibers in mudguard manufacturing. Composites of polymer made from natural fibers are non-polluting to the environment, reduce vehicle weight by more than 30% when compared to glass fibers, and are degradable. This will boost the demand for automotive mudguards made from natural fibers, inducing vendors to focus on the usage of natural fibers in the manufacture of automotive mudguards.

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Technavio's industry research report titled, Global Automotive Mudguards Market, will help you-

• Identify latent opportunities and explorative solutions in the automotive mudguards market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, all permutations and combinations inclusive

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Competitive landscape and key vendors

The global automotive mudguards market is characterized by the presence of a limited number of established vendors and is moderately competitive. These key splash guard manufacturers are increasingly making efforts to enhance their customer base and increase investments in research and developmental activities to improve their production capacity. Factors such as the increasing number of government regulations and the rising technological innovations will intensify the level of competition among the market players in the car mud flaps market.

Key vendors in this market are -

• MrMudguard
• FeatherWing
• Jonesco

Other prominent vendors in the market include Rhino Manufacturing, KN Rubber, KWIK PFYT mud flaps, Sant Manufacturers, and FIEM Industries.

Segmentation by application and analysis of the automotive mudguards market

• Passenger cars (PC)
• Light commercial vehicle (LCV)
• Medium and heavy commercial vehicle (M&HCV)

The passenger cars segment accounted for the majority market share during 2016 and is likely to retain its dominance in the car mud flaps market throughout the predicted period. The growing interest of various OEMs towards the use of automotive exterior components made from lightweight composite materials will drive the production of automotive mudguards since mudguards in passenger cars are increasingly developed from these lightweight materials such as thermoplastics.

Segmentation by geography and analysis of the automotive mudguards market

• Americas
• APAC
• EMEA

APAC contributed to the maximum share of the global automotive mudguards market during 2016 and will continue to account for the major market shares till 2021. Factors such as the increase in disposable income, the launch of newer car models by OEMs, the increased spending on infrastructure development, and the rising manufacturing activities, will drive the growth of the automotive markets in China and India. This in turn, will boost the adoption of automotive mudguards in the car mud flaps market in this region during the next four years.

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 mudguards market?
• What are the key market trends impacting the growth of the global automotive mudguards market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive mudguards market?
• What are the market opportunities and threats faced by the vendors in the global automotive mudguards market?
• What are the 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 mudguards market?

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

Automotive mudguards or fenders are a part of the automobile, which sit over the wheel of the car providing protection from sand, mud, rocks, and other liquid thrown into the air by the rotating tire. To help clients in the automotive industry gain a competitive advantage, Technavio provides a wide range of related industry research report on markets such as automotive electronics, automotive manufacturing, and wheels and tires. The upcoming report on global automotive mudguards market covers key aspect of business intelligence such as market landscaping, research and development, and industry insights.

To get a broad overview of the market, research experts at Technavio use both qualitative and quantitative research methodologies by analyzing factors such as market growth rate, key vendors, and market size as per geographical region. Also, by analyzing data on regional sales, our upcoming report on the global automotive mudguards market for the forecast period of 2017 to 2021 will help the clients in identifying the most profitable markets, emerging markets, and areas of improvement.

The upcoming report on global automotive mudguards market also considers the growth of similar markets such as global automotive collapsible steering column market and global automotive fifth wheel coupler market, which are expected to grow at a CAGR of 2% and 7%, respectively. Due to its rounded shape, the mudguard increases the drag coefficient of a car, due to trapped air in mudguards. This will slow down the vehicle and also decrease its efficiency. Some of the limited technological advances include using air-breathers to turf out trapped air. Apart from the syndicated market research report, Technavio also customizes the research report as per specifications provided by the client on specific geographic or product market.

The upcoming research report on automotive mudguards market also includes key industry drivers, emerging trends, consumer behavior, and opportunities and challenges faced by the industry. It also considers the growth of similar markets as powertrain, automotive services, and auto accessories sector.