Air Deflector Market: Global Industry Analysis and Forecast (2023-2029)

Air Deflector Market is anticipated to reach US$ 14.15 Bn. by 2029 from US$ 11.35 Bn. in 2022 at a CAGR of 3.2 % during a forecast period.
Air Deflector Market Overview:
Rain, sleet, bugs, and snow are deflected away from the vehicle's windshield and sunroof with air deflectors fitted. Even when your windows are down, the air deflector decreases wind noise. Air deflectors can be used for a variety of purposes, including stopping rushing air from entering the vehicle and improving the appearance of the vehicle.To know about the Research Methodology:- Request Free Sample Report
Air Deflector Market Dynamics:
The global air deflector market is expected to be propelled by an increase in the manufacture of automobiles with an expanding number of safety features throughout the world. An active air deflector improves the aerodynamic flow of air beneath the vehicle, which improves fuel economy; nonetheless, an increase in demand for fuel-efficient automobiles will help raise the active air deflector market globally.

The rise in the number of small and medium-scale enterprises throughout the world is expected to boost the air deflector market forward. Additionally, the active air deflector market is expected to grow because of a rise in vehicle sales and production. Vehicle manufacturers are increasingly using lighter-weight components as a result of the growing trend toward vehicle reduction.
Air Deflector Market Segmentation Analysis
By Material, The Fiberglass segment will be led by the United States, Canada, Japan, China, and Europe, with a 2.5 percent CAGR during the forecast period. These regional markets, which had a combined market value of US$1017 million in 2022, are expected to grow to US$1.2 billion by the end of the forecast period. China will continue to be one of the fastest expanding markets in this cluster of regional markets. Asia-Pacific is expected to reach US$1.8 billion by 2029, led by countries such as Australia, India, and South Korea, while Latin America will grow at a 3.8 percent CAGR throughout the forecast period.



By Type, during the forecast period, the window deflectors segment is expected to grow at a significant CAGR of xx%. The availability of a broad range of designs and materials, such as ABS plastics and acrylic, that may improve the interior ambiance by blocking exterior elements and provide a better look to the vehicle, is expected to fuel market growth over the forecast period. Due to the growing number of automobiles on the road, Asia Pacific is expected to have a significant market share by 2029. Additionally, India, China, and Japan are a few of the major vehicle-producing countries, and they are predicted to play a key role in the region's market expansion.
Air Deflector Market Regional Insight:
Due to an increase in vehicle demand across the region, Europe is expected to account for a substantial share of the active air deflector market. Europe is home to large original equipment manufacturers as well as tier-1 suppliers with substantial facilities for automotive plastic component research and development, which is expected to boost the active air deflector market globally. Germany is expected to expand at a CAGR of around 1.2 percent in Europe.

In the United States, the Air Deflector market reached $3 billion in 2022. Japan and Canada are two more important geographic markets, with forecasted growth rates of 0.6 percent and 1.9 percent, respectively, from 2023 to 2029.

Due to a rise in demand for safety features in automobiles throughout the globe, Asia Pacific is expected to take the lead in the worldwide active air deflector market, followed by Europe. The active air deflector market in the Asia Pacific is expected to grow due to the presence of significant plastic component manufacturing industries in China, India, and Japan. China, the world's second-biggest economy, is expected to reach a projected market size of US$2.6 billion by 2029, representing a 4.9 percent CAGR from 2023 to 2029.
Air Deflector Market Report Objectives:
• Landscape analysis of the Air Deflector Market

• competitive benchmarking

• Past and current status of the industry with the forecasted market size and trends

• Evaluation of potential key players that include market leaders, followers, and new entrants

• Technology trends

• The potential impact of micro-economic factors on the market

• External and Internal factors affecting the market have been analyzed

The report also helps in understanding the Air Deflector Market dynamics, structure by analysing the market segments project the Air Deflector Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Air Deflector Market make the report investor’s guide.
Air Deflector Market Scope: Inquire before buying



Air Deflector Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 11.35 Bn.


Forecast Period 2023 to 2029 CAGR:
3.2%
Market Size in 2029:
US $ 14.15 Bn.


 Segments Covered:
by Material
• Acrylic
• Fiberglass
• ABS Plastic


by Type
• Window Deflector
• Sunroof Deflector
• Bug Deflector


by Vehicle Type
• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Bus & Coaches


by Mounting Method
• Tape-On Deflector
• Bolt-on Deflectors
• In-Channel Deflector


by Sales Channel
• OEM
• Aftermarket



Air Deflector Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Air Deflector Market, Key Players are:
• Spoiler Factory
• LUND INTERNATIONAL.
• HEKO
• Hatcher Components
• Peterburg Industrial & Design Co.,Ltd.
• FARAD group
• Climair UK Ltd
• Stampede Automotive Accessories
• Piedmont Plastics
• Robert Bosch GmbH
• Rochling Automotive
• Magna International Inc.
• Climair UK Ltd.
• Plastic Omnium

Frequently Asked Questions:

1. Which region has the largest share in Global Air Deflector Market?
Ans: Europe region held the highest share in 2022.

2. What is the growth rate of Global Air Deflector Market?
Ans: The Global Air Deflector Market is growing at a CAGR of 3.2% during forecasting period 2022-2029.

3. What is scope of the Global Air Deflector Market report?
Ans: Global Air Deflector Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Air Deflector Market?
Ans: The important key players in the Global Air Deflector Market are – Spoiler Factory, LUND INTERNATIONAL., HEKO, Hatcher Components, Peterburg Industrial & Design Co.,Ltd., FARAD group, Climair UK Ltd, Stampede Automotive Accessories, Piedmont Plastics, Robert Bosch GmbH, Rochling Automotive, Magna International Inc., Climair UK Ltd., and Plastic Omnium

5. What is the study period of this Market?
Ans: The Global Air Deflector Market is studied from 2022 to 2029.