Automotive Mudguards Market to Flourish with an Impressive CAGR by 2028
The market size of the global Automotive Mudguards Market was strong in 2020 and is predicted to experience a stable revenue growth rate throughout the forecast period. The main drivers of this growth are the increasing global demand for automobiles and the expanding urbanization. The demand for automobiles has significantly increased in recent decades, and this trend is expected to continue with the rise of urbanization, which will lead to a higher demand for the automotive industry and, in turn, a higher demand for automotive mudguards in the global market. In order to keep up with current customer trends and demands, OEMs are updating themselves.
Automotive mudguards, also called fenders, are parts of a vehicle that are located above the steering wheel and protect the driver from sand, dirt, gravel, and other substances that are thrown into the air by the rotating tire. They are automotive components that safeguard a vehicle from mud, dust, and foreign objects that are flung by a moving tire. Mudguards for cars are usually attached to the back wheels of a vehicle, and while designing an automotive mud flap, the width of the tire, the diameter of the tire’s rim, and other factors are considered.
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The increasing number of government initiatives aimed at promoting a cleaner environment is expected to propel the global Automotive Mudguards Market forward. In the production of electric and hybrid vehicles, automotive mudguards are gaining in popularity. Government incentives, such as tax exemptions and designated parking spots for electric vehicle purchasers in certain regions, are encouraging more individuals to purchase electric and hybrid cars. As a result, the demand for automotive mudguards in the market is increasing.
Driving factors of Automotive Mudguards Market
- Increasing global demand for automobiles
- Growing urbanization
- OEMs updating themselves to keep up with customer trends and desires
- Need to protect the vehicle from mud, dust, and foreign objects thrown by the tire
- Government initiatives promoting a greener environment
- Rising popularity of electric and hybrid vehicles
- Government incentives for purchasing electric and hybrid vehicles, such as tax exemptions and designated parking spots.
Some of the notable innovations in the Automotive Mudguards Market
- Self-cleaning mudguards – These mudguards are designed to prevent mud and dirt from sticking to them. They use a special coating that repels dirt and makes cleaning easier.
- Lightweight mudguards – Lightweight materials, such as carbon fiber, are being used to make mudguards that are lighter and more durable than traditional metal mudguards.
- Smart mudguards – These mudguards are equipped with sensors that can detect obstacles and adjust the height of the mudguard to avoid collisions.
- Customizable mudguards – Mudguards can now be customized to match the color and design of the vehicle, providing a more personalized look.
- Mudguards with integrated lighting – Some mudguards now come with built-in LED lights that provide better visibility in low-light conditions.
Major Companies Profiled In The Report:
- Rhino Manufacturing
- KN Rubber
- Sant Manufacturers
- FIEM Industries
- Mr Mudguard and Jonesco
Type Outlook (Revenue, USD Billion; 2018-2028)
- Natural Fiber
- Polymer Fiber
- Acrylonitrile Butadiene Styrene Plastic
Application Outlook (Revenue, USD Billion; 2018-2028)
- Passenger cars (PC)
- Light Commercial Vehicle (LCV)
- Medium and Heavy Commercial Vehicle (M&HCV)
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