Automotive Inner Fenders Market Projected to Grow Steadily During (2017 - 2025)

Inner fenders are parts of a vehicle that frames both the front wheels and rear wheels in an automobile. When automobile tires rotate at high speed, road debris is thrown into the air towards other vehicles and pedestrians. Inner fenders of an automobile prevent liquids, rocks, mud and sand including other road debris from being thrown at vehicles and pedestrians. In the U.K. fenders are also known as wing and in India and Sri Lanka they are known as mudguard.

Steel and sheet molding compounds are the main materials used to manufacture automotive inner fenders. Sheet metal compounds are sometimes used in place of steel as automotive inner fender materials because sheet molding compounds weight lighter than steel. When sheet molding compounds are used as inner fender materials in place of steel in a vehicle, the weight of the automobile is reduced which will consequently increase fuel efficiency by increasing vehicle mileage and reduce vehicular emissions. Automotive inner fenders are used in all types of vehicles ranging from passenger vehicles to commercial vehicles.

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By material, the automotive inner fenders market is segmented into steel and sheet molding compound (SMC). By vehicle type, the market is classified into passenger vehicles, light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs).

In terms of geography, the market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is a major automotive inner fenders market. The U.S. is the largest market in the region as it is the second largest automotive and passenger vehicle market in the world. Canada and Mexico are other major markets in this region. Europe is a prominent automotive inner fenders market. Germany is the largest market in the region as it is the largest automotive market in Europe and passenger vehicle market is fourth largest in the world. The U.K, France, Italy, Spain, Belgium, Sweden, and Netherlands are other major markets in this region. Asia Pacific is the largest automotive fenders market in the world, dominated by China, followed by Japan and India. China is the largest automotive and passenger vehicle market in the world. Japan and India are the third and fifth largest passenger vehicle markets in the world respectively. South Korea and Australia are other markets in this region. Middle East & Africa is another significant automotive inner fenders market with Turkey, Iran and South Africa being prominent markets. Latin America is another major automotive inner fenders market, majorly led by Brazil and Argentina.

Rising construction and infrastructure industry in Asia Pacific is anticipated to increase the demand for commercial vehicles which are required for raw material transportation, this will consequently increase the demand for automotive inner fenders for commercial vehicles. Rising sale of passenger vehicles across the world will increase the demand for automotive inner fenders for passenger vehicles. An opportunity for the automotive inner fender market is the increasing demand of fuel efficient and low emission electric and hybrid vehicles across the world. A number of automotive manufacturers such as Volvo Car Corp., Daimler AG and BMW AG among others are anticipated to increase production and sale of electric vehicles in future.

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The report highlights the various competitive strategies adopted by key players operating in the market. Company profiles include company details, market presence by geography and segments, strategic overview, SWOT analysis, and historical revenue. The report also contains details of market share analysis of key players in the market. Some of the major firms operating in the automotive inner fenders market are Samvardhana Motherson Group (India), Gordon Auto Body Parts Co. Ltd. (Taiwan), Great Bestcam Co. Ltd (GBC, Taiwan), Auto Depot Co.Ltd. (Thailand), Auto Metal Direct (the U.S), Glasstek (the U.S), Lokari (Germany), and Pacific Auto Company (the U.S.).

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This release was published on openPR.