Automotive Ducts Market Size, Impacted by COVID-19, to Reach US$ 1.7 Billion in 2026, Says a New Report from Stratview Research

RAIPUR, India, July 20, 2021 /PRNewswire/ — Stratview Survey announces the launch of a new investigative report on Automotive channel market by vehicle type (passenger car, light commercial vehicle and M&HCV), by application type (HVAC ducts, under hood ducts and others), by material type (plastic ducts, foam ducts and others), by process type (blow molding, injection molding, thermoforming and others), by pressure type ( low-pressure ducts and high-pressure ducts) and by region (North America, Europe, Asia-Pacific, and the rest of the world), trend, forecast, competitive analysis and growth opportunity: 2021-2026.

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This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects the current cars market reality and future market opportunities covering the forecast period from 2021 to 2026. The report estimates the short- and long-term impact of the COVID-19 pandemic on the Automotive Channels market at the global, regional, and country levels. The report also indicates the potential loss the industry will record by comparing pre-COVID and post-COVID scenarios. The vital data/information contained in the report can play a vital role for both the market participants and investors in identifying low-hanging fruit available in the market and formulating growth strategies.

Automotive Channels Market: Research Highlights

Automotive is one of the industries that is highly subject to the changing economic conditions and purchasing power of individuals. In 2019, the auto industry experienced its largest-ever decline in auto production since 2010, mainly due to economic downturns in several key countries. The challenge for the sector was exacerbated by the COVID-19 pandemic, more severe than that caused by the Great Recession (2008-2009) (Automotive production plummeted during the Great Recession: -12.1% YoY 2008-2009 and The Great Lockdown: -16.7% YoY 2019-2020).

The COVID-19 pandemic is still spreading with new strains affecting the recovery trajectory in different parts of the world. Most major countries are wasting money to increase their vaccination rates to bring normality. Developed economies are well ahead of the race and aim to fully vaccinate their populations by the end of 2021, while developing countries, especially densely populated countries such as China and India, plan to fully vaccinate their people by the end of 2022.

The demand for channels in the automotive industry in the coming years is mainly dependent on the recovery trajectory of the automotive production, which in turn depends on the normality of the market conditions, especially devastated by the pandemic. Long-term, the auto channel market will grow at a promising CAGR over the next five years to reach a $1.7 billion milestone by 2026.

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Depending on the type of vehicle, passenger auto is likely to remain the most dominant vehicle type and likely to experience the greatest growth the next five years. Increasing motorization and moderately higher production of passenger cars than commercial vehicles are the main factors behind its dominance. LCV, another important segment, is also experiencing a modest recovery in post-pandemic market developments.

Based on the type of application, HVAC ducts are likely to remain the most dominant application type and likely to have the highest CAGR. Register during the forecast period, while under-the-hood channels are likely to remain the second largest application type over the same period. HVAC ducts are largely made of plastics (polypropylene or polyethylene plastics). Instrument panel duct is the largest application of ducts in a car, which is in the HVAC area. Other major HVAC ducts that generate noticeable demand are roof ducts, console ducts and column ducts.

Based on the material type, plastic pipes are likely to remain the most dominant segment and are also expected to experience the fastest growth during the forecast period. The main 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 channels are likely to remain the second largest segment through 2026.

Based on the process type, blow molding probably remains the most dominant segment the next five years. Blow molding is the most economical process for producing plastic ducts. Also, the equipment costs are lower and the manufacturing costs per channel are lower than those of channels manufactured through the other processes (thermoforming and rotational molding).

Based on pressure type, low pressure ducts include HVAC ducts, such as instrument panel ducts, console ducts, roof ducts, and column ducts; and some ducts under the hood, such as clean air ducts and dirty air ducts; and lines that fall under the other segment, such as radio cooling lines and brake lines. High pressure ducts are mainly used in under the hood application areas.

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In terms of region, Asia Pacific is estimated to maintain its unassailable lead on the world market with China being the propeller of the engine. Regional dominance is due to high production of passenger cars and light commercial vehicles to meet rising domestic demand and increasing vehicle exports. The region is the largest SUV producer with China being the lead country, further increasing the demand for HVAC ducts in the region. Europe and North America are also expected to generate significant demand for automotive channels during the forecast period. Germany, France, and Russia are known for their advanced technologies in the automotive industry.

The main manufacturers of automotive channels are MANN+HUMMEL Group, Continental AG, Mahle GmbH, Sogefi Group, Trocellen GmbH, ABC Technologies Inc., Nihon Plast Co. Ltd., Hutchinson SA, Kyoraku Co. Ltd., Rochling Group, INOAC Corporation, Sekiso Co. Ltd., Rehau AG, Bolton Plastic Components Ltd. and Toyoda Gosei Co., Ltd.

Report functions

This report provides market information in the most comprehensive way. The reporting structure is designed to provide maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for both the existing market players and those seeking to enter the market. These are the main features of the report:

  • Market Structure: Overview, Industry Life Cycle Analysis, Supply Chain Analysis
  • Market Environment Analysis: Growth Factors and Constraints, Porter’s Five Forces Analysis, SWOT Analysis
  • Market trend and forecast analysis
  • Market Segment Trend and Forecast
  • Competitive landscape and dynamics: market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for existing and new players
  • Most important success factors

This report studies the car channel market and segmented the market in six ways, taking into account the interests of all stakeholders in the value chain. Following are the six ways the market has been segmented:

Automotive Channels Market, by vehicle Type

  • passenger car (Regional analysis: North America, Europe, Asia-Pacific, and RoW)
  • Light commercial vehicle (Regional analysis: North America, Europe, Asia-Pacific, and RoW)
  • Medium and heavy commercial vehicle (Regional analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Channels Market, by application Type

  • HVAC ducts (Regional analysis: North America, Europe, Asia-Pacific, and RoW)
  • Channels under the hood (Regional analysis: North America, Europe, Asia-Pacific, and RoW)
  • others (Regional analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Channels Market, by material Type

  • Plastic ducts (Regional analysis: North America, Europe, Asia-Pacific, and RoW)
  • Foam channels (Regional analysis: North America, Europe, Asia-Pacific, and RoW)
  • Other channels (Regional analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Channels Market, by process Type

  • blow molding (Regional analysis: North America, Europe, Asia-Pacific, and RoW)
  • Injection molding (Regional analysis: North America, Europe, Asia-Pacific, and RoW)
  • Thermoforming (Regional analysis: North America, Europe, Asia-Pacific, and RoW)
  • others (Regional analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Ducts Market, by Pressure Type:

  • Low-pressure channels (Regional analysis: North America, Europe, Asia-Pacific, and RoW)
  • High Pressure Ducts (Regional analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Channels Market, by region

  • North America (Country analysis: The USA, Canada, and Mexico)
  • Europe (Country analysis: Germany, France, UK, Italy, Russia, and the rest of Europe)
  • Asia-Pacific (Country analysis: China, Japan, India, South Korea, and the rest of Asia-Pacific)
  • Rest of the world (Country analysis: Brazil, Argentina, and others)

Stratview Research has several high-quality market reports in the automotive and transportation industry. Please refer to the following link to browse our reports:

https://www.stratviewresearch.com/market-reports/Automotive-Transportation.html

About Stratview Research

Stratview Research is a global market research firm that provides a wide range of services including syndicated market reports, custom research and procurement intelligence across industries such as advanced materials, aerospace and defense, automotive and mass transportation, consumer goods, construction and equipment, electronics and semiconductors, energy & Utility, Healthcare & Life Sciences and Oil & Gas.

We have a strong team of industry veterans and analysts with extensive experience in conducting custom research projects for medium to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy , Go to Market Strategy and Voice of Customer Surveys.

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