Electric Vehicle (EV) Ducts Market is Forecasted to Reach US$ 1,180.9 million in 2030, Says Stratview Research

Stratview Research, a global market research firm, has launched a report on the global Electric Vehicle (EV) Ducts Market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2023: US$ 452.8 million

Market Size in 2030: US$ 1,180.9 million

Growth (CAGR): 13.4% during 2024-2030

Cumulative Sales Opportunity 2024 to 2030: US$ 6343 million

Leading Vehicle Type: LV

Leading Application Type: HVAC ducts

Leading Manufacturing Process Type: Blow molding

Leading Material Type: Plastic ducts

Leading Pressure Type: Low-pressure ducts

Leading Powertrain Type: Hybrid vehicle

Leading Region: Asia-Pacific

Forecast Period: 2024-2030

Trend Period: 2018-2022

Base Year: 2023

Number of Segments Covered: 7

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Electric Vehicle (EV) Ducts Market:

The global Electric Vehicle (EV) Ducts Market is segmented based on Vehicle type, Application type, Manufacturing Process type, Material Type, Pressure type, Powertrain type and region.

Based on Vehicle Type

• The automotive ducts market is segmented into LV and M&HCV based on vehicle type. LV (light vehicle) includes passenger cars and LCV (light commercial vehicles).
• LV is expected to remain the market's demand generator during the forecast period.
• The higher production volume of passenger cars and LCVs (light commercial vehicles) and the growing adoption of EVs are the key factors in the LV segment's dominance.
• Other factors include rising demand for cabin comfort and air quality, stringent regulation requirements for fuel efficiency and emissions, advancements in technology for duct material, and the requirement of advanced ducts for cooling batteries, motors, and power electronics.

Based on Application Type

• The market is segmented by application type into HVAC ducts, under-the-hood ducts, battery management ducts, and others.
• HVAC duct is likely to hold the dominant market position during the forecast period.
• The significant applications of ducts in EVs include battery management, thermal management for motors and inverters, and cabin air management (HVAC ducts).
• HVAC ducts are primarily made with plastics (polypropylene or polyethylene plastics). The instrument panel duct is the most significant application of ducts in an automobile in the HVAC area. Other major HVAC ducts generating a noticeable demand are roof ducts, console ducts, and pillar ducts.

Based on Manufacturing Process Type

• The market is segmented by manufacturing process type into blow molding, injection molding, thermoforming, and others.
• Blow molding is expected to remain the most dominant manufacturing process of the market during the forecast period.
• Blow molding is the most economical process for producing plastic ducts. The equipment cost is lower, and the manufacturing cost per duct is lower than that of ducts manufactured through other processes (thermoforming and rotational molding).

Based on Material Type

• The market is segmented by material type into plastic ducts, foam ducts, and others.
• Plastic duct is likely to be the most preferred material of the market during the forecast period.
• Key plastics used to make ducts with or without reinforcements are Polyamide (PA), high-density polyethylene (HDPE), low-density polyethylene (LDPE), polypropylene (PP), and polyphenylene sulfide (PPS). Foam ducts are likely to remain the second-largest segment by 2030.
• The demand for plastic ducts is growing due to their weight reduction, cost-effective production, design flexibility, corrosion resistance, and thermal and acoustic insulation.

Based on Pressure Type

• Based on pressure type, the market is segmented into low-pressure ducts and high-pressure ducts.
• Low-pressure ducts are likely to hold the dominant position in the market during the forecast period.
• Low-pressure ducts include HVAC ducts, such as instrumental panel ducts, console ducts, roof ducts, and pillar ducts; and some under-the-hood ducts, such as clean air ducts and dirty air ducts; and ducts covered under the others segment, such as radio cooling duct and brake ducts. High-pressure ducts are majorly used in under-the-hood application areas.

Based on Powertrain Type

• Based on powertrain type, the market is segmented into BEV and hybrid
• Hybrid vehicle is expected to remain the dominant segment of the market during the forecast period.
• Key factors for the dominance of hybrid vehicles include higher production of hybrid vehicles in total EV production, requirement of more complex duct systems for thermal management, government incentives and policies, and affordability and consumer preference.

To know the most attractive segments, click here for a free sample of the report:

https://www.stratviewresearch.com/Request-Sample/3886/electric-vehicle-ev-ducts-market.html#form  

Which region shows the most promising growth forecast and opportunity?

The analysis suggests that Asia-Pacific is expected to be the dominant region during the forecast period. This growth outlook is mainly attributed to the following:

• The EV ducts market is segmented by region into North America, Europe, Asia-Pacific, and The Rest of the World.
• Regarding region, Asia-Pacific is estimated to maintain its unassailable lead in the market, with China being the engine’s propeller. The regional dominance is due to the high production and adoption of passenger cars and LCVs, particularly in China, Japan, and South Korea, the presence of key EV manufacturers (such as BYD, NIO, Toyota, and Hyundai), government incentives and policies, and massive investment in EV infrastructure in the region.

On the other hand, Europe and North America are also projected to generate sizeable demand for EV ducts during the forecast period. Germany, France, and The UK are known for their advanced technologies in the EV.

Electric Vehicle (EV) Ducts Market Drivers:

Some of the key drivers listed in the report are given below.

•  Key factors stimulating the growth of the EV ducts market are growing electric vehicle production, increasing adoption of electric vehicles aided by environmental concerns, government incentives
• Improvements in EV technology, stringent environmental regulations, and growing EV charging infrastructure.
• Increasing focus on thermal management, advancements in HVAC systems, aerodynamic efficiency requirements
• Increasing demand for lightweight yet durable ducts are other factors driving the market's growth.

Key players

Competitive Landscape: Top 10 Companies in the Electric Vehicle (EV) Ducts Market:

The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:

• ABC Group Inc.
• Hutchinson
• MANN+HUMMEL Group
• Continental AG
• MAHLE GmbH
• ElringKlinger AG
• Awkel Automotive

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Electric Vehicle (EV) Ducts Market, answering critical questions like

-      How big is the sales opportunity?

-      Which regions offer the best sales opportunities?

-      Which are the most attractive market segments?

-      Which are the top players and their market positioning?

-      How complex is the business environment?

-      What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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