Air Deflector Market Anticipated To Surpass The US$ 15 Billion Mark By 2026

According to a new market report published by Transparency Market Research “Air Deflector Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”, the global air deflector market for automotive is expected to expand at a CAGR of about 4% and is anticipated to surpass the US$ 15 Bn mark by 2026.

The global automotive air deflector market is predicted to expand at a CAGR of about 4% between the forecast years 2018 and 2026, according to a new research report published by Transparency Market Research (TMR). According to the report, the automotive air deflector market is expected to be driven by the enriched look of the vehicle with air deflectors and its ability to allow the fresh air to enter inside the vehicle cabin by partially rolling down the windows. Asia Pacific is expected to be at forefront of the global market, and the market is likely to expand at a CAGR of above 4.0% during the forecast period.

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Enhanced appearance of the vehicle, improved vehicle aerodynamics, marginal but increased vehicle efficiency, and better vehicle control at high speeds are key drivers of the automotive air deflector market. Increased demand for vehicle speed, consumer tendency for SUVs, and consumer preference for efficient and inexpensive vehicle accessories are likely to boost the market in the near future.

Windows air deflectors are mostly preferred by consumers as they are easily available in the market and easy to fit. In North America and Europe, it is mandatory for windows air deflectors and bug deflectors to be transparent, and hence, manufacturers prefer acrylic material to manufacture them. Moreover, windows air deflectors and bug deflectors are made transparent in order to avoid distraction for the driver.

The automotive industry in Europe and Asia is has been witnessing an increase in demand for SUVs and family cars for the last few years. SUV owners prefer to have front spoilers on their vehicles as it enhances the appearance of the vehicle. The front air spoiler segment is expected to expand at a CAGR of about 4% during the forecast period owing to the consistently increasing demand for SUVs.

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Asia Pacific held a prominent share of the global automotive air deflector market in 2017. Asia Pacific consists of the world’s most populated countries such as China and India, which are significant markets for automotive and related industries. Japan has about 90% of penetration for windows air deflectors, and other types of deflectors also witness a significant demand. Asia accounts for a major share of the global passenger vehicle market. Consequently, Asia Pacific accounted for more than 50% share of the global automotive air deflector market.

Global automotive air deflector market is experiencing a lack of globally operating players. Most players in this market are operating at local and regional level. Key players operating in the automotive air deflector market include Hatcher Components, Piedmont Plastics, Spoiler factory, DGA, ELLEDI srl - P.I. e C.F., and Lund International. Recently, Hatcher Components have launched smart spoilers that adjusts according to the height of the trailer. The company claims that this spoiler is likely to enhance convenience, as no manual intervention is required.

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