Monorail Systems Market Growth rate, Key Players, Forecast Period 2030

 Market Analysis of Monorail Systems Market 

 

The global monorail systems market will develop at a 2.70% CAGR between the forecast period 2022- 2030, according to the new Market Research Future (MRFR) analysis. A monorail, simply put, is a train that uses a single track manufactured of metal or concrete. It is reinforced and managed by wheels that are mounted below the train that is in contact with the track continuously. Monorails generally are powered by electricity that is delivered with the help of a third rail mounted along the track. Usually, it has three to four cars and can have up to eight. As it is bigger than the track, it needs minimum space. 

 

Various factors are fuelling the global monorail systems market size. According to the recent MRFR market estimates, such factors include an increase in urbanization, constant technological improvisation, environmental sustainability, a rise in traffic congestion, demand for public transport in emerging countries, increasing infrastructure development, and improving marketing channels for monorail systems industry. 

 

On the contrary, lower passenger carrying capacity, high installation cost, lack of innovation and research and development in the market, and the impact of the COVID-19 pandemic are factors that may limit the global monorail systems market share over the forecast period. 

 

Market Segmentation 

 

The MRFR report throws light on an inclusive segmental analysis of the global monorail systems market based on type, propulsion type, and size. 

 

By type, the monorail systems market is segmented into straddle and suspended. Of these, the straddle segment will lead the market over the forecast period. Increased investment in rail infrastructure and the growing need for high-speed trains in emerging economies are adding to the growth of the segment. 

 

By propulsion type, the global monorail systems market is segmented into magnetic levitation and electric. Of these, the electric segment will dominate the market over the forecast period. Growing popularity for being efficient, cheaper, reliable, and eco-friendly is adding to the growth of the segment. 

 

By size, the global monorail systems market is segmented into medium, compact, and large. 

 

Regional Analysis 

 

By region, the global monorail systems market covers the growth opportunity and recent trends across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, the APAC region will spearhead the market over the forecast period. Quickly developing smart cities, plan to put in sensible transport modes to decrease traffic problems, adoption to offer transport and decongestion of high traffic in China and India, heavy investments for expansion, growing demand in Thailand and Korea, OEMs catering to both domestic and overseas, growing demand for public transport systems, a huge number of proposed and under-construction monorail system projects, presence of large population, rapidly occurring urbanization, availability of small spaces that prompt governing bodies, and increased road traffic congestion are adding to the global monorail systems market growth in the region. 

 

In North America, the global monorail systems market is predicted to have healthy growth over the forecast period and that in Europe is predicted to have sound growth over the forecast period. 

 

In the Rest of the World, the global monorail systems market is predicted to have steady growth over the forecast period. Surge in urbanization, improved education quality, rising per capita income, rising job opportunities, rise in the number of daily commuters, and demand for economical, secure, and fast mode of transportation are adding to the global monorail systems market growth in the region. 

 

Key Players

 

Key contenders profiled in the global monorail systems market report include Woojin Industrial System, Intamin Bahntechnik, Aerobus International, Inc., Urbanaut Monorail Technology, Mitsubishi Heavy Industries Ltd., CSR Corporation Limited, Hitachi, Ltd., Bombardier Inc., Siemens AG, and Scomi Engineering Bhd, among others. 

 

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Golf Cart Market Competitive Strategies, Analysis by 2030

 Golf Cart Market Overview

 

In the ever-evolving landscape of urban transportation and leisure activities, golf carts have transcended their traditional role on golf courses and country clubs to become emblematic of a sustainable and efficient means of getting around. The golf cart market, once confined to lush fairways, has expanded its horizons, finding applications in various sectors such as residential communities, resorts, industrial complexes, and even city streets. This article delves into the trends, innovations, and factors driving the growth of the golf cart market

The humble golf cart has evolved into a symbol of modern mobility, transcending its origins on golf courses to become a versatile mode of transportation in various settings. As sustainability and innovation take center stage in today's world, the golf cart industry is experiencing a dynamic transformation. In this article, we explore the latest trends that are propelling golf carts into the future..

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From Golf Greens to City Streets: Diverse Applications

The golf cart market has experienced a remarkable transformation over the years. Once solely associated with golf courses, these electric vehicles have transitioned into versatile modes of transportation, catering to a wide range of settings. In gated residential communities, they offer convenient and eco-friendly mobility. In bustling resorts, they shuttle guests between amenities. Even urban areas have embraced golf carts for short-distance commuting, reducing traffic congestion and carbon emissions.

Eco-Friendly Advantages: A Driving Force

The growing concern for environmental sustainability has played a significant role in bolstering the golf cart market. As electric vehicles, golf carts produce zero tailpipe emissions, contributing to cleaner air quality in various environments. The shift towards greener modes of transportation aligns with global efforts to combat climate change, making golf carts an attractive option for environmentally conscious consumers and industries.

Innovations in Design and Technology

Modern golf carts are far more than the basic buggies of the past. Manufacturers are continuously pushing the boundaries of design and technology to enhance user experience and safety. Features like regenerative braking, advanced battery management systems, and sophisticated infotainment consoles are becoming commonplace, making these electric vehicles more attractive and functional.

Street-Legal Carts: Paving the Way for Urban Mobility

The inclusion of golf carts in urban transportation ecosystems has led to the development of street-legal models. These vehicles adhere to safety regulations and are equipped with features such as headlights, turn signals, and seat belts, enabling them to navigate public roads. This expansion into city streets presents a cost-effective and efficient solution for short-distance travel, especially in crowded urban centers.

Challenges and Opportunities

Despite its growth, the golf cart market still faces challenges. Limited battery technology and range anxiety can inhibit the adoption of electric golf carts, particularly in areas where charging infrastructure is lacking. Moreover, safety concerns, especially in mixed traffic scenarios, highlight the need for stricter regulations and comprehensive training programs for drivers.

However, these challenges also open up opportunities for innovation. Advancements in battery technology could extend the range of golf carts, making them more viable for various applications. Collaborations between governments, manufacturers, and urban planners can facilitate the integration of golf carts into urban transportation networks, contributing to more sustainable and efficient mobility solutions.

MARKET SEGMENTATION

Propulsion Type

·       Electric

·       Gasoline

Seating Capacity

·       Small

·       Medium

·       Large

Application

·       Golf Course

·       Railways

·       Hotels & Resorts

·       Multi-residential Complexes 

Drivers –

¡  The development of the industrial sector and urban sprawl

Opportunities

·       The rise in the demand for the customized product by end-users

Restraints

¡   

KEY COMPANIES PROFILED

• Yamaha Golf-Car Company (US)
• STAR EV (US)
• Garia A/S (Denmark)
• Bradshaw Electric Vehicles (UK)
• E-Z-GO (US)
• Marshell Green Power (China)
• Spoleman OÜ (Estonia)
• Polaris Industries Inc. (US)
• Guangdong Lvtong New Energy Electric Vehicle Technology Co. LTD. (China)
• Speedways Electric (India)
• and Autopower (India).

 

Electrification Revolution: Going Green on the Greens

One of the most significant trends in the golf cart industry is the shift towards electrification. With environmental concerns driving consumer choices, electric golf carts have gained immense popularity. These quiet and emission-free vehicles are not only becoming commonplace on golf courses but are also finding their way into urban environments, resorts, and gated communities. The emphasis on eco-friendly transportation is pushing manufacturers to enhance battery technology, increase range, and improve charging infrastructure.

Rise of Autonomous Golf Carts: Driving Themselves

Autonomous vehicles are no longer confined to science fiction. The golf cart industry is embracing automation with the development of autonomous golf carts. These self-driving carts use advanced sensors and AI technology to navigate courses and other environments autonomously. While still in the testing phase, these innovations hold the potential to transform the way we move within controlled environments.

The global golf cart market has witnessed significant growth in recent years, expanding its size and influence across various sectors. With a growing emphasis on sustainable and eco-friendly transportation solutions, coupled with the versatility of these vehicles beyond golf courses, the market size has expanded exponentially. The market encompasses a diverse range of applications, including residential communities, resorts, industrial complexes, and urban environments, contributing to its remarkable expansion. As manufacturers continue to innovate with advanced technologies, improved battery systems, and customizable features, the golf cart market's size is projected to further increase, catering to the evolving needs of modern mobility and environmentally conscious consumers.

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Electric Car Rental Market 2023 Booming Strategies of Top Companies, Growth Analysis, Regional Demand and Challenges 2030

 Top Boosters and Main Deterrents

Electric Car Rental Market Grows

A trend gaining momentum in the Electric Car Rental Market is the use of electric vehicles in these services. This is mostly owing to the surge in government-backed initiatives across countries in the form of policies and regulations that promote use of electric vehicles. An increasing number of car rental operators are now undertaking initiatives, aiming to increase the use of electric vehicles in their fleet. Electric cars generally outperform other types of vehicles, since they offer benefits like low carbon emission, higher fuel economy, comfortable drive, reduced sound from engine and convenience of charging at home, and more. Considering these factors, it is safe to predict that the demand for electric car rental market can increase rapidly in the following years.

The blossoming travel and tourism sector everywhere acts as an important growth booster in the electric car rental market. The electric car rental industry is scattered, with the preference of a massive number of organized as well as unorganized companies. The need to move from unorganized to organized sector has led to the prevalence of digital or online electric car rental system. The rising demand for online car rental services is touted to be a lucrative opportunity for the renowned market players and can help market gain huge impetus in the following years.

Frequent technological innovations in e-car rental service, evolving lifestyle, and the high demand from emerging nations also induce significant market growth. Other than this, the escalating adoption of smartphones, the expanding worldwide service sector, strict vehicle emission policies and regulations, and the rapidly burgeoning global population can also accelerate market growth over the next several years.

Market Segmentation

The market for electric car rental has been considered for segments like vehicle type, application and service.

The vehicle types taken into account for market study are hybrid, plugin hybrid and battery electric car.

The main application areas of electric car rental services are executive, economic, and others.  The excellent fuel efficiency, spike in gasoline prices and the mounting environmental concerns have led to great demand for economic cars in the market.

 

With respect to services, the market has been narrowed down to online as well as offline. The online channel is the most preferred option across the world, on account of the rising smartphone penetration, expansion of the internet of things (IoT), combined with the enhanced experience it offers to the users.

Regional Outlook

The top markets for electric car rental are Europe, North America, APAC or Asia Pacific, and the rest of the world or RoW.

The maximum share in the global market belongs to APAC, with the rising sales of e-cars and an expansive consumer base deemed as the chief growth boosters. The high demand originating from the developing nations like India, the Philippines, Vietnam and China, also benefits the market. The region boasts of a lucrative car rental market as well as tourism industry, which results in market growth as well.

The second-lead has been taken by the European market, mostly due to the high concentration of leading automotive manufacturers like Audi AG and BMW AG. Strict vehicle emission policies and regulations in France, the UK and Germany discouraging the use of diesel engines also boost the use of electric cars in the region. France, Spain and Germany have been identified as the prime markets in the region, thanks to the surge in electric vehicle car rental services and the thriving tourism sector.

North America comes third in the global market for electric car rental, in view of the widespread presence of a massive number of electric car on rental service vendors in Canada and the US. There is a strong possibility that the US can emerge as the most successful market in the region, following the expanding population of migrants and the frequent technological developments in the automobile industry.

The African market for electric car rental services can perform well in the ensuing years, all because of the favorable growth of the tourism industry. Zambia is the third fastest-expanding tourism destination in the world, which contributes considerably to the country’s GDP as well as to the growth of the electric car rental market.

Notable Companies

Easirent (UK), Sixt SE (Germany), Europcar Group (France), The Hertz Corporation (US), Zipcar (US), DriveElectric (UK), Green Motion International (UK), BlueIndy (US), Zoomcar (India), Europcar Mobility Group (France), Wattacars (Spain), Avis Budget Group, Inc. (the US), Enterprise Holdings Inc. (US), are the notable companies in the electric car rental market. These companies are undertaking strategic measures like partnerships and new service launches to procure a stronger market position.

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Cng Vehicles Market Key Vendors, Top geographical Regions, and Industry Segmentation 2030

CNG vehicles Market Overview

 

The CNG vehicles market is anticipated to grow by US$347.25 billion by 2032. rapidly growing at a CAGR of 14.72% during the forecast period. The global CNG vehicles market is driven by clean technology adoption as well as demand for dual fuel systems in vehicles. These factors have helped shape the CNG vehicles market and are expected to boost the growth. Companies in the CNG vehicles market could also face challenges such as lack of infrastructure in some countries as well as high maintenance cost. The details covered in the CNG vehicles market report cover all the aspects of the industry. Analysts studying the CNG vehicles market have also shared growth projections in the report and have suggested CNG vehicles market players to plan business strategies accordingly.

 

Market Segmentation

 

The global CNG vehicles market has been segmented based on application and product type. On the basis of application, the market for CNG vehicles is segmented based on OEM and car modification. Additionally, the market on the basis of products, is segmented into personal use and commercial use.

 

Factors like affordability as well as increasing price of petrol and diesel support the CNG vehicles market growth. The performance of CNG vehicles market has also been studied for the past and current years. Additionally, the CNG vehicles market report provides analysis of these segments. The CNG vehicles market segmental analysis provided in the report offers major details about the CNG vehicles market based on the data and forecasts till 2025.

 

Regional Overview

 

Companies in the CNG vehicles market are spread across the world. The CNG vehicles market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American CNG vehicles market has many companies across the United States, Canada, and Mexico. The CNG vehicles market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the CNG vehicles market can be found in the market research report. Europe has companies in the CNG vehicles market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the CNG vehicles market across India, China, and Japan in the Asia-Pacific region is also presented in the report.

 

Competitive Landscape

 

The CNG vehicles market is supported by low pollution and minimum environmental effect. The population growth around the world and increasing demand of CNG vehicles market based services and products also support the market growth. However, the CNG vehicles market size growth can be affected due to concerns regarding safe handling as well as high cost of initial setup. The report covers all such details which will help companies in the CNG vehicles market to strengthen their business plan and improve their product portfolio.

 

The CNG vehicles market research report also provides company profiles of major companies. The company profiles of many organizations operating in the CNG vehicles market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the CNG vehicles market. New companies and established businesses can plan their strategies based on this data provided in the CNG vehicles market research report.

 

Industry News

 

Maharashtra Natural Gas Ltd (MNGL) will introduce remote CNG refueling stations in India, as per the company's senior official. MNGL is a partnership between Bharat Petroleum Corporation Ltd and GAIL. Study is currently under way on mobile CNG refueling modules, said MNGL Director Rajesh Pande. He mentioned that the government will start such refueling pumps in Maharashtra over the next six months.

 

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Electric Vehicle Connector Market 2023 Key Players, Size, Share, Trends, Growth and Forecast to 2030

 Electric Vehicle Connector Market Latest Developments

Electric Vehicle Connector Market April 2020

CHAdeMO Associated recently released the CHAdeMO 3.0, which is electric vehicle quick-charging connector. It is a liquid-cooling technology-based connector that is compact and light and comes with a smaller diameter cable.

Electric Vehicle Connector Main Boosters and Key Deterrents

Electric vehicles note high demand as they outperform other vehicle types, offering various benefits including low carbon emission, comfortable drive, higher fuel economy, convenience of charging at home, reduced sound from engine and more. However, the global auto industry is experiencing a rough patch due to the recent COVID-19 crisis. The pandemic has led to uncertainties across almost every industry, but experts expect the electric vehicle manufacturers to benefit from the intense efforts being given by the government to revive the EV sales. Considering these factors, one can safely assume that the demand for electric vehicle connector market can boom in the following years.

A vast number of companies in the market boast of well-built distribution networks, which contributes largely to the market growth for electric vehicle connectors. Industry players also offer a widespread product range and adopt various hacks like product innovation, agreements and collaborations to solidify their market position. Surge in EV charging points can also induce market growth in the approaching years.

Electric Vehicle Connector Market Segmentation

The electric vehicle connector industry has been extensively covered in the report, taking into account segments like connector type, charging type, power supply range, current supply, charging station, charging speed, component, vehicle type and application.

The market segmentation as per the connector type comprises type1, type2, type3, and others.

The power supply ranges covered in the market study include level1 (1.4 kW–1.9 kW), level2 (AC 240 V Up to 19.2 kW), level 3 (DC 200 V–600 V Up to 240 kW), as well as level 4 (>DC 600 V, Above 240 kW).

·        The segmentation with respect to current supply charging are AC charging as well as DC charging.

·        The charging station-based market segments are floor mounted and wall mounted.

·        Charging speed-wise market dissection includes fast, rapid and slow charger.

·        The components covered are pins, adaptor, leads, wallbox, and others.

·        Vehicle types that use connectors are plug-in EV, hybrid EV and battery EV.

·        The primary applications of electric vehicle connectors are residential as well as commercial.

Electric Vehicle Connector Market Regional Study

The regional study of the EV connector market comprises Europe, APAC or Asia Pacific, North America, and RoW or the Rest of the World.

MRFR analysts find it highly conceivable that APAC can reach the top spot in the global market, thanks to the spike in the demand for EV connectors in line with the growth of the electric automotive sector. The increasing number of electric vehicle charging stations also favors the electric vehicle connector market in the region.

The vast number of initiatives planned by regulatory bodies to boost the use of green vehicles, by installing charging stations that publicly accessible can benefit the regional industry. Besides, China is known as the leader in the global electric vehicle industry, characterized by a high number of EV charging stations as well as increased level of electric vehicle production. This contributes majorly to the market growth for EV connectors in the region.

The government in North America is actively focused on prompting the use of electric vehicles, armed with strict policies and regulations. These measures being undertaken are proving to be quite favorable for the electric vehicle infrastructure as well as electric vehicle connector market in the region. The alarming surge in pollution levels across the United States (U.S.) and Canada is also boosting the demand for zero emission vehicles, which translates to better growth prospects for the electric vehicle connectors during the evaluation period.

Significant Contenders

Significant contenders operating in the electric vehicle connector industry are Huber+Suhner (Switzerland), Fujikura (Japan), Yazaki (Japan), Tesla (US), Bosch (Germany), Schneider Electric (France), ABB (China), Siemens AG (Germany), Sumitomo (Japan), Amphenol (US), to mention a few.

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Electric Kick Scooter Market Key Highlights, Additional Opportunities gaining,Market Innovative Strategy by 2030

 Global Electric Kick Scooter Market Overview

Notable Industry Updates

On Apr.08, 2022, EMotorad launched an electric kick scooter and e-cycle to expand its portfolio in India. The company introduced two new products, Lil E, a new-age electric kick-scooter, and T-Rex+, an electric cycle. The two new variants join its existing range of e-cycles, T-Rex, EMX, and Doodle, targeting tech-savvy urban mobility users in the country. EMotorad holds a vision of making a name for India in the global EV space.

The electric kick scooter market size is witnessing rapid revenue growth across the globe. Governments' targets to introduce e-mobility and the wide uptake of these compact, lightweight vehicles are key driving forces.

Citing the increasing global pressure to reduce carbon footprints, MRFR expects the global electric kick scooter market valuation to escalate to USD 5.30 BN by 2030, growing at an 11.01% CAGR from 2022 to 2030.

Electric scooters are garnering huge popularity, with urbanities increasingly preferring them for short-distance commutes or neighborhood mobility. With a solid metal-alloy body, functional suspension mechanism, and 25 kmph top speed with around 20kms range, e-kick scooters have become an easily scalable clean mobility option. With recent technological advances, electric kick scooters have become outlandishly high-tech.

Due to their simplistic design, electric kick scooters offer the benefit of low maintenance costs. Also, they don't need the replacement of spark plugs and oil filters. Switching from ICE vehicles to e-kick scooters enables tackling the largest source of air pollution, reducing congestion by at least 40%. Resultantly, governments in countries across the globe have realized the potential that electric vehicles hold. 

E-kick scooters have evolved from mere modes of personal mobility to futuristic devices equipped with Bluetooth smartphone connectivity, navigation, over-the-air updates, and so on. Although in its nascent stage, the e-kick scooter market is gaining vast attention. Leading manufacturers of electric kick scooters, like Luup Inc. (Japan), are also providing electric kick scooter sharing services in and around major cities.

Electric Kick scooter Market Leaders

Leading market players are Jiangsu Xinri E-Vehicle Co. Ltd., SWAGTRON, YADEA Technology Group Co., Ltd., SEGWAY Inc., Bird Rides, Inc., Xiaomi, GOVECS AG, iconBIT GmbH, Razor USA LLC, and Niu International, among others. 

Key Industry Trends

E-kick scooters have brought micro-mobility to the center stage and stimulated the personal mobility market. Today, a wide variety of electric kick scooter models are available in the market. Due to large technological advancements and policy initiatives, these scooters are expected to address major barriers to electric mobility. However, a renewed focus on equity will contribute significantly to making this growth a reality in the future. 

Rapid developments of electric vehicle infrastructure and charging stations as a part of smart city projects influence the market value. Following recent revisions in road traffic laws in many countries to ease restrictions regarding electric kick scooters, the market is expected to gain a substantial boost. Besides steps taken to prevent traffic accidents involving them, electric kick scooter share would rise as a convenient means of transportation.

Additionally, battery technology developments and declining costs are other major factors bolstering the market demand for electric kick scooters. Increasing focus on technologically advanced product development is expected to impact industry growth positively. The operating cost of an electric kick scooter is relatively lesser, while performance is excellent compared.

Electric kick scooter manufacturers primarily focus on improving the on-road riding experience for their customers. They initiate several strategic approaches, such as collaborations, mergers & acquisitions, expansions, and product launches. Industry players also invest strategically in research and development activities and foster their expansion plans. 

Realizing the need for a recreational commute and electric commuting solutions, the company has taken a holistic view to introducing Lil E electric kick-scooter to grab the opportunity to enter the recreational commute space. It has created a very strong base in the Indian market while expanding to other markets. Constantly improving products with consumer feedback and conducting market research, EMotorad has made several improvements to its products. 

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Automotive Air Deflector Market Key Vendors, Top geographical Regions, and Industry Segmentation 2030

 Global Automotive Air Deflector Market Analysis

The global automotive air deflector market to expand at a significant pace from 2023 to 2030 (forecast period). 

The air deflector prevents running air from impacting the vehicle's stability when windows are left open unnecessarily, as well as reducing vehicle drag and increasing fuel efficiency. Vehicle design and aerodynamics play an important role in minimizing vehicle drag, with a particular emphasis on the design of vehicle air deflectors. Automotive air deflectors enhance fuel efficiency by lowering the total drag force on the vehicle when it is in motion. They can cut energy usage by separating the running air with deflectors. Vehicle manufacturers are researching new air deflector technologies to improve vehicle design and efficiency. Air deflectors in vehicles are quite useful for partially opening the windows and allowing fresh air into the vehicle. The fresh air enhances fuel efficiency by easing the function of the air conditioning system and reducing the load on the engine. Air deflectors are used in commercial vehicles to improve the aerodynamics and design of the vehicle, lowering air drag.

Stringent environmental rules, higher fuel efficiency, appealing design, increased vehicle aerodynamics, and good vehicle control are the reasons driving the growth of the worldwide automotive air deflector market. Other factors driving the vehicle air deflectors market are increased speed and greater fuel economy. Air deflectors improve vehicle control at greater speeds, lowering the number of accidents. Increasing sales of commercial vehicles and SUVs, as well as increased purchasing power, drive up market demand. Concerns about safety, as well as an emphasis on aesthetics, drive up demand for automotive air deflectors. However, shifting raw material prices stifle market expansion.

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COVID-19 Impact on the Global Automotive Air Deflector Market

The execution of a set of regulations by governments worldwide to cope with the COVID-19 crisis, such as a total shutdown of manufacturing units, has been found to influence the growth of the global automotive air deflector market.

 

Market Segmentation

The global automotive air deflector market has been segmented based on type, material, mounting method, sales channel and vehicle type. 

Based on type, the global automotive air deflector market has been segmented as bug deflector, window air deflector and sunroof deflector. 

Based on material, the global automotive air deflector market has been segmented as acrylic, fiberglass and abs plastic. 

Based on mounting method, the global automotive air deflector market has been segmented into tape-on deflectors, bolt-on deflectors and in-channel deflectors. 

Based on sales channels, the global automotive air deflector market has been segmented as OEM and aftermarket.

Based on vehicle type, the global automotive air deflector market has been segmented into passenger vehicles and commercial vehicles.  

 

Regional Analysis

Based on region, the global automotive air deflector market has been segmented into North America, Asia Pacific, Europe, and the Rest of the World.

Due to increased demand for passenger cars in countries such as China, India, and Japan, Asia Pacific is likely to dominate the industry in the future. In addition, there has been an increase in vehicle sales in the Asia Pacific, which has resulted in a rise in the installation of automotive air deflectors. Due to the expansion of the logistics and agricultural industries, Europe is likely to trail the Asia Pacific in terms of demand.

 

Key Players

The key players in the global automotive air deflector market are Hatcher Components Ltd (UK), Piedmont Plastics (US), Spoiler Factory (Australia), and Lund International (US), Altair Engineering Inc. (US), DGA (US), FARAD Group (Luxembourg) and Climair UK Ltd (UK) are among others.

 

Summary

The global automotive air deflector market is predicted to expand at a significant pace from 2018 to 2023 (forecast period). Stringent environmental rules, attractive design, higher fuel efficiency, increased vehicle aerodynamics, and good vehicle control are the factors propelling the growth of the worldwide automotive air deflector market.

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