Global Automotive Ducts Market to Reach US$ 1,825.2 million in 2023
The Global Automotive Ducts Market: Highlights
The global automotive ducts market is projected to
reach an estimated value of US$ 1,825.2 million in 2023. This represents an
attractive growth opportunity in the entire ecosystem of the market. Organic
growth in the automobile production owing to rising urbanization and increasing
disposable income, increasing share of SUVs in total vehicle production, and
continuous replacement of traditional rubber and metal ducts with plastic ducts
are some of the major factors that are proliferating the growth of ducts
in the automotive industry.
Global Automotive
Ducts Market - Insights by Vehicle Type
The automotive ducts market is segmented based on
the vehicle type as Passenger Car, LCV (Light Commercial Vehicle), and
M&HCV (Medium- and Heavy-Duty Commercial Vehicle). Passenger car is
expected to remain the growth engine of the automotive ducts market during the
forecast period of 2018 to 2023. Increasing production of passenger cars,
especially SUVs, coupled with a higher demand for lighter ducts would remain
the major driver of the segment over the next five years. Hatchbacks and SUVs
are likely to generate a greater demand for ducts in the passenger cars
segment.
Based on the application type, the automotive ductsmarket is segmented as HVAC (Heating, Ventilation, and Air Conditioning) ducts,
under the hood ducts, and others. The HVAC ducts segment is expected to remain
the most dominant application type in the automotive ducts market during the
forecast period. HVAC ducts include various large-sized ducts, such as
instrument panel duct, roof ducts, console ducts, and pillar ducts.
Global Automotive
Ducts Market - Insights by Material Type
Based on the material type, plastic ducts segment
is expected to remain the most dominant material type in the automotive ducts
market during the forecast period. The segment is driven by a host of factors,
such as significant weight reduction, better mechanical and chemical
properties, improved temperature resistance, and good acoustic property. Foam
ducts are also gaining share in the market, driven by their weight reduction
and excellent acoustics.
Based on the pressure type, low-pressure duct is
expected to remain the largest segment of the automotive ducts market during
the forecast period. All the major HVAC ducts, such as instrument panel ducts,
console ducts, roof ducts, and pillar ducts, mainly come in low-pressure range.
On the other hand, high-pressure ducts are largely used in under the hood
applications.
In terms of region, Asia-Pacific is expected to
remain the largest automotive ducts market during the forecast period of 2018
to 2023. The region is also likely to experience a healthy growth during the
same period. High annual automobile production is primarily driving the demand
for ducts in the region. China is expected to maintain its dominance in the
Asia-Pacific’s market over the next five years. The country is also the largest
global market for automotive ducts. Europe is expected to remain the second
largest automotive ducts market during the same period.
The supply chain of this market comprises raw
material suppliers, automotive duct manufacturers, automotive OEMs, and
dealers. The key raw material suppliers of ducts include BASF SE, E. I. du Pont
de Nemours and Company, Royal DSM, Lanxess AG, and LyondellBasell. The key
automotive duct manufacturers are MANN+HUMMEL, Continental AG, INOAC
Corporation, MAHLE GmbH, Nihon Plast Co. Ltd., Sekiso Co. Ltd., Sogefi Group,
Kyoraku Co. Ltd., Trocellen GmbH, and Roechling Group. Developing lightweight
automotive ducts and forming strategic alliances are the key strategies adopted
by the major players to gain a competitive edge in the market.
For more information, contact
Stratview Research
Email: sales@stratviewresearch.com
Direct: +1-313-307-4176
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