The global automotive cowl screen market is expected to reach USD 451.9 million in 2022 and is projected to grow at a steady CAGR of 8.2% from 2022 to 2032. According to a report by FMI, the market value is forecasted to reach around USD 713.6 million by 2032. The rising demand for automotive cowl screens is driven by increased sales and production of small cars and growth in the commercial vehicle sector. For example, ACEA reported that 9.9 million passenger vehicles were produced in the European Union in 2021, marking a 7.7% drop from 2020.
Europe, particularly countries like Germany, Italy, and the UK, is expected to see strong demand for cowl screens due to its well-established automotive parts manufacturing industry. In North America, the mature automotive industries in the U.S. and Canada, alongside a heightened focus on passenger and driver safety, will contribute to market growth.
Emerging economies are set to benefit from competitively priced products, while the increased production of affordable HVAC systems and the use of eco-friendly refrigerants are expected to further drive market expansion. Additionally, the growing demand for second-hand vehicles in both developed and emerging markets is likely to boost sales of cowl screens, as major companies increasingly offer reconditioned or aftermarket parts to strengthen their market presence, fueling overall growth.
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Key Takeaways from Automotive Cowl Screen Market Study
- The overall growth of the global automotive cowl screen market is estimated to be around USD 542 Million over the forecast years through 2032, by experiencing the astounding CAGR of 8.2%.
- In terms of geography, North America, with the highest proportion of car owners, is expected to continue to lead by holding the greatest market share for car cowl screens.
- According to projections, Europe will continue to have the second-largest share throughout the ensuing years.
Competitive Landscape for the Global Automotive Cowl Screen Market
In terms of global demand, Valeo, Bright Brothers Ltd., RESTOPARTS, Alsons Group, Dorman Products, Original Equipment Reproduction, and Sherman & Associates Inc. are a few of the well-known firms competing in the worldwide automobile cowl screen industry.
By using a variety of organic and inorganic tactics, the bulk of the big companies hope to increase their sales channels and diversify their product portfolios. To acquire a competitive advantage in the global marketplace, automobile cowl screens market key players are primarily concentrating on alliances, contracts, and joint ventures. While this is going on, a few new significant businesses are working to develop better goods for the automobile sector.
Recent Developments in the Global Automotive Cowl Screen Market:
Today’s major players are concentrating more on the creation of innovative materials to give cars a better look making the demand for car cowl screens a trending product instead of a necessity. Secondly, porous and air permeable materials are typically used to cover vehicle cowl screens, which aid in avoiding the flow of rain water and moisture.
Key Segments Profiled in the Automotive Cowl Screen Industry Survey
By Vehicle Type:
- Passenger Cars
- Compact Cars
- Mid-Sized Cars
- Luxury Cars
- SUVs
- Commercial Cars
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
By Material Type:
- Fiberglass Automotive Cowl Screen
- Carbon Fiber Automotive Cowl Screen
- Polymer Automotive Cowl Screen
- Aluminum Automotive Cowl Screen
- Stainless Steel Automotive Cowl Screen
By Sales Channel:
- OEMs
- Aftermarket
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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