Automotive Inner Fenders market report would come in handy to understand your competitors and give you an insight about sales; volumes, revenues in the Automotive Inner Fenders industry, assists in making strategic decisions. It helps to decide corporate, product, marketing strategy. It reduces the risks involved in making decisions as well as strategies for companies and individuals interested in the Automotive Inner Fenders industry. Both established and new players in Automotive Inner Fenders industry can use report to understand the market. Industry experts project Automotive Inner Fenders market to grow at a CAGR of 4.62% during the period 2017-2021.
Each vehicle is equipped with inner fenders. It is mounted above all the wheels to protect the engine components from road debris.
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Automotive Inner Fenders Market Trend, Challenge and Driver: –
Automotive Inner Fenders Market trend: – The latest trend gaining momentum in the market is increased use of non-corrosive materials for manufacturing of inner fenders. Inner fenders are exposed to rain, mud, gravel and road debris. As a result, they are prone to get rusted and damaged, arising the requirement for early replacement. Driving the vehicle through snow, rain, and ice exposes the vehicle to highly corrosive winter road salt and moisture. These winter salt and moisture develops rust in the inner fenders. Also, improper repair of the vehicle after an accident and off-road traveling enhance the chances of corrosion
Automotive Inner Fenders Market Challenge: – one of the major factors hindering the growth of this market is increased congestion of traffic acting as a deterrent for passenger car sales. In recent times, all major economies are facing the challenge of increased congestion of traffic, and it has become a problematic driving condition, especially in metropolitan and urban areas across the world. The reason for the increase in the congestion of traffic is rapid urbanization, an increase in traffic density, and the rise in the household income. Congestion level is the average extra travel time required for a trip in the city as compared with a free flow situation.
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Automotive Inner Fenders Market Driver: – One of the major drivers for this market is rise in sales of passenger car. The sales of passenger cars are positively correlated with the market growth of AIF system, as each passenger car is equipped with two inner fenders above the front wheels and two inner fenders placed above the rear wheels. Inner fenders in the passenger car segment contribute predominantly to the AIF market, as in terms of volume, inner fenders in the passenger car segment constituted 83.3% of the AIF market. Global car sales increased by around 3% in 2016, wherein most of the sales have been contributed by the sales of SUVs and crossovers in the Chinese and the European passenger car markets.
Key vendors operating in Automotive Inner Fenders market space are Samvardhana Motherson, Gordon, GBC, Auto Depot, Auto Metal Direct and many more. A detailed analysis is provided considering bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and threat of rivalry. While each vendor’s analysis considers its business segments, organizational developments, geographic focus, segment focus, and key offerings of vendor.
Geographic Segmentation: – Americas, APAC, Europe
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- Automotive Inner Fenders market report provides a comprehensive analysis of the market with the help of up-to-date market opportunities, overview, outlook, challenges, trends, market dynamics, size and growth, competitive analysis, major competitors analysis.
- Report recognizes the key drivers of growth and challenges of the key industry players. Also, evaluates the future impact of the propellants and limits on the market.
- Uncovers potential demands in the market.
- Automotive Inner Fenders market report provides in-depth analysis of changing competitive dynamics
- Provides information on the historical and current market size and the future potential of the market.