The global automotive cowl screen market is projected to reach USD 451.9 million in 2022 and is expected to grow steadily at a CAGR of 8.2% from 2022 to 2032. According to the FMI analysis report, the market value is forecasted to reach approximately USD 713.6 million by the end of the forecast period in 2032.
The demand for automotive cowl screens is anticipated to increase due to rising sales and production of small cars, as well as growth in the commercial vehicle sector. For instance, ACEA estimates indicate that approximately 9.9 million passenger vehicles were produced in the European Union in 2021, reflecting a 7.7% decline from 2020.
Europe’s robust automotive parts manufacturing presence, particularly in Germany, Italy, and the UK, is expected to bolster the demand for automobile cowl screens. In North America, the established automotive industry in the U.S. and Canada, coupled with a growing focus on driver and passenger safety, is likely to drive market growth in these regions.
Get a Comprehensive automotive cowl screens industry Overview – Request Your Sample Report and Drive Business Success!
Additionally, the market is set to benefit from the availability of competitively priced products, especially in emerging economies. The increasing production of affordable HVAC systems and the broader use of environmentally friendly refrigerants are further factors anticipated to drive market expansion.
Moreover, the growing demand for second-hand or pre-owned vehicles in both developed and emerging markets is expected to boost sales of automotive cowl screens. Many leading companies are now offering reconditioned or aftermarket parts to enhance their brand presence, contributing to the growth of the global automotive cowl screen market.
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.
Contact Our Sales Team Now to Discuss How You Can Acquire This Report and Gain Valuable Insights for Your Business.
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
