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Driven by the continuous replacement of traditional rubber and metal ducts with plastic ducts, Automotive Ducts Market is expected to grow beyond US$ 1,442.2 million
This report, from Stratview Research, studies the automotive ducts market over the trend period of 2013 to 2018 and the forecast period of 2019 to 2024 with a high emphasis on the accurate market data, insights and competitive landscapes.
Published 30 May 2019
Market & Growth Prognosis: Analyzing the market over a period of 2013-18, Stratview Research goes to the crux of the issues shaping the market and estimates the most probable future growth rate for the Automotive Ducts Market during the period 2019-24.
Stratview Research triangulates the market to grow at a healthy CAGR over the next five years and expects the market to breach the barrier of US$ 1,442.2 million by 2024.
The Diverse Stand Points
The true picture of the market shall not emerge till the time the market is analyzed from various point of views. Each vantage point gives better understanding of the market. The market of Automotive Ducts has been viewing from various perspectives such as:
Dissection By (Segments)
Each view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
To get the feel of how our best in class, cutting-edge market research report feels, request a sample
The Factors Driving the market
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.
The rise of Plastic duct
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.
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.
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.
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.
Driven by demand, Asia-Pacific has the hegemony over the market
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.
Get the Stratview Leverage, and boost your business.
The insights delivered in our report helps business take bold decisions and make smarter moves. It is the emerging trends what have to be understood well in advance for the firms to take an informant decision. We can help you by giving you the market scenario and its growth hotspots. The decision still rests with you.
The Report Highlights:
The Research Report offers a detailed look into market, its robust growth perspective, the factors influencing the industry, the competition intensity and a peek into the future.
The following are the key features of the report:
Click Here for Other Reports from Stratview Research in the Automotive Industry:
https://www.stratviewresearch.com/market-reports/Automotive-Transportation.html
Stratview Research triangulates the market to grow at a healthy CAGR over the next five years and expects the market to breach the barrier of US$ 1,442.2 million by 2024.
The Diverse Stand Points
The true picture of the market shall not emerge till the time the market is analyzed from various point of views. Each vantage point gives better understanding of the market. The market of Automotive Ducts has been viewing from various perspectives such as:
Dissection By (Segments)
- Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium- & Heavy-Duty Commercial Vehicle, Others)
- Application Type (HVAC Ducts, Under-the-Hood Ducts, Other Ducts)
- Material Type (Plastic Ducts, Foam Ducts, Other Ducts)
- Process Type (Blow Molding, Injection Molding, Thermoforming, Others)
- Pressure Type (Low-Pressure Ducts, High-Pressure Ducts)
- By Region (North America, Europe, Asia-Pacific and Rest of the World)
Each view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
- Which are the best performing segments of the market?
- Which is the most dominant region?
- Which material is the most promising?
- Who are the movers and shakers of the market?
- What are the regional growth hotspots?
- What are the segmental growth forecasts?
To get the feel of how our best in class, cutting-edge market research report feels, request a sample
The Factors Driving the market
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.
The rise of Plastic duct
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.
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.
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.
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.
Driven by demand, Asia-Pacific has the hegemony over the market
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.
Get the Stratview Leverage, and boost your business.
The insights delivered in our report helps business take bold decisions and make smarter moves. It is the emerging trends what have to be understood well in advance for the firms to take an informant decision. We can help you by giving you the market scenario and its growth hotspots. The decision still rests with you.
The Report Highlights:
The Research Report offers a detailed look into market, its robust growth perspective, the factors influencing the industry, the competition intensity and a peek into the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces
- analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
Click Here for Other Reports from Stratview Research in the Automotive Industry:
https://www.stratviewresearch.com/market-reports/Automotive-Transportation.html
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