Global Commercial Vehicle Air Deflector Market 2017-2021

Overview of the global commercial vehicle air deflector market

According to Technavio's market research report, the global commercial vehicle air deflector market will grow at a steady rate and post a CAGR of 5% during the forecast period. The growing trend for truck platooning techniques will drive the growth prospects for the global commercial vehicle air deflector market during the estimated period. With the growing popularity of truck platooning techniques, the market is witnessing a high adoption of frontal air deflectors in commercial vehicles since these air deflectors enable an effective formation. The growing need for integrated vehicle-to-vehicle (V2V) communication, improved fuel efficiency of trucks, and the integration of advanced sensors, GPS and radar, will encourage truck platooning techniques in the commercial sector. This in turn, will boost the demand for truck wind deflectors, which will subsequently stimulate the growth of the commercial vehicle air deflector market.

The introduction of air deflectors made from carbon fiber, will be one of the key trends that will gain traction in the commercial vehicle air deflector market during the next few years. Since wind deflectors made from carbon fiber are light in weight, durable, and are stronger than aluminum and steel, the demand for these air deflectors will rise in the coming years, which will in turn, fuel the growth of the air deflector market for commercial vehicles.

Competitive landscape and key vendors

The commercial vehicle air deflector market comprises of a limited number of well-established vendors and appears to be moderately competitive. These key vendors are increasingly concentrating on expanding their customer base, enhancing their geographical reach, and increasing investments in research and developmental activities. The competitive environment of the market will further intensify in the coming years due to the increasing technological advancements and government regulations.

Key vendors in this market are -

• Hatcher Components
• Altair Engineering
• Piedmont Plastics

Other prominent vendors in the market include SpoilerFactory, AirFlow Deflector, and Dependable Bodies.

Segmentation by application and analysis of the commercial vehicle air deflector market

• Medium commercial vehicles (MCV)
• Heavy commercial vehicles (HCV)

The commercial vehicle air deflector market was dominated by the heavy commercial vehicles (HCVs) segment during 2016 and the segment is likely to experience a high growth rate during the forecast period. With the introduction of stringent fuel economy regulations by various government bodies such as the corporate average fuel economy (CAFE) standards formulated by the US Environment Protection Agency (US EPA) standards, the coming years will witness a high demand for air deflectors in HCVs.

Segmentation by geography and analysis of the commercial vehicle air deflector market

• Americas
• APAC
• EMEA

APAC was the highest contributor to the commercial vehicle air deflector market during 2016 and this market research and analysis predicts that the region will dominate the market until the end of 2021. Factors such as the rising infrastructure and progressing industrialization in China that will the stimulate growth of the commercial vehicle market, will be a major factor driving the market's growth prospects in this region.

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 commercial vehicle air deflector market?
• What are the key market trends impacting the growth of the global commercial vehicle air deflector market?
• What are the challenges to market growth?
• Who are the key vendors in the global commercial vehicle air deflector market?
• What are the market opportunities and threats faced by the vendors in the global commercial vehicle air deflector 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 commercial vehicle air deflector market?

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

Commercial vehicle air deflectors are high-density plastic products used for preventing or reducing air drag and raising the aerodynamic qualities of the vehicle. This upcoming report by Technavio is a fundamental part of the automotive industry and presents an intricate study of the rapidly growing sectors like automotive components, automotive manufacturing, and automotive electronics. Additionally, to help clients gain a competitive edge over other market players, and to gain impressive intelligence and the market shares for various segments of the automotive industry.

To accurately analyze the automotive industry's growth prospects, our market research specialists follow an organized approach of quantitative and qualitative research techniques and also carry out a detailed analysis based on several market elements, including advancements in technology and the demand for products and services across the globe. This upcoming report on commercial vehicle air deflector market also considers the growth of related markets like automotive torque converter market  and automotive collapsible steering column, which are expected to grow at a CAGR of about 4% and above 2%, respectively by 2021. As expected by our market research analysts, the rapid increase in the sales of commercial vehicles in developing countries like India and China are expected to drive the growth of this market in during the next four years.

The upcoming industry research report for commercial vehicle air deflector market highlights the major drivers,  prospective trends, and impending challenges currently experienced by the automotive component sector.