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Automotive Ducts Market to Reach US$ 1,442.2 million in 2024

 


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The global automotive ducts market is projected to reach an estimated value of US$ 1,442.2 million in 2024. 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 hatchbacks and SUVs in total vehicle production; and a continuous replacement of traditional rubber and metal ducts with plastic ducts are some of the major factors that are driving the growth of ducts in the automotive industry.

Insights based on 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 2019 to 2024. Increasing production of passenger cars, especially hatchbacks and 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 greater demand for ducts in the passenger cars segment.

Insights based on application type:-

Based on the application type, the automotive ducts market 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 instrumental panel duct, roof ducts, console ducts, and pillar ducts.

Insights based on material type:-

Based on the material type, the market is segmented into plastic ducts, foam ducts, and other ducts. Plastic duct 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.

Insights based on pressure type:-

Based on the pressure type, the low-pressure duct is expected to remain the larger 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 fall into low-pressure range. On the other hand, high-pressure ducts are largely used in under-the-hood applications.

Insights based on region:-

In terms of region, Asia-Pacific is expected to remain the largest automotive ducts market during the forecast period of 2019 to 2024. 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 market in the world. 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, MAHLE GmbH, Sogefi Group, Kyoraku Co. Ltd. , Trocellen GmbH, and Rochling Group. Developing lightweight automotive ducts and forming strategic alliances are the key strategies adopted by the key players to gain a competitive edge in the market.

Source - https://www.stratviewresearch.com/307/Automotive-Ducts-Market.html

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.

Phone No. +1-313-307-4176

Email: sales@stratviewresearch.com

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