Plastic Components Market Size, Industry Trends in Automotive, Growth and Forecast – Continental, DowDuPont, FLEX-N-GATE, Toyoda Gosei, ElringKlinger - Digital Journal

2022-05-20 21:24:46 By : Mr. James Zhang

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The profit the plastic component market share attain by increase in heavy-duty vehicles such as tractors and loaders. The automotive components reports are made by Market Research Future, which includes market options for progress. An 11.41% CAGR is estimated to bolster the global market in the forecast period. Plastic use in heavy-duty vehicles is adopted in all parts of a vehicle including the fascia, the bumpers, and rear bumpers. The market is mainly driven due to an increase in demand for heavy-duty vehicles in end-use industries and an increase in use for plastic components in heavy-duty vehicles.

The significant players of the plastic component market for heavy-duty vehicles are Continental AG (Germany), DowDuPont Inc. (US), Magneti Marelli S.p.A. (Italy), FLEX-N-GATE CORPORATION (US), Toyoda Gosei Co., Ltd (Japan), Samvardhana Motherson Group (India), ElringKlinger AG (Germany), Hartford Technologies, Inc. (US), and Abbott Ball Company Inc. (US), and SMB Bearings (UK).

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Besides, the need to ensure that the long-term sustainable growth goals are not comprised due to the existing difficulties is foreseen to be extremely important for the market stakeholders. The trends predominant in the market are contributing considerably to the market’s progress. The establishment of appropriate transport routes is anticipated to fortify the growth of the plastic component market for heavy-duty vehicles shortly.

The segmental study of the plastic component market for heavy-duty vehicles has been segmented based on vehicle type, component, material, and region. Based on the vehicle type, the plastic component market for heavy-duty vehicles is segmented into scrapers, excavators, trucks, tractors, loaders, combine harvester, and buses. Based on the component, the plastic component market for heavy-duty vehicles is segmented into transmission covers, oil pan modules, interior and exterior trims, bumpers engine covers, intake air modules, cluster panels/dashboard, cam cover modules, doors, , seating, wheels and tires, and others. Based on the material, the plastic component market for heavy-duty vehicles market consists of acrylonitrile butadiene styrene (ABS), polyurethane (PU), polyvinyl chloride (PVC), polypropylene (PP), polyamide (PA), polyethylene (PE), polycarbonate (PC), and others.  On the basis of regions, the plastic component market for heavy-duty vehicles is segmented into Asia-Pacific, North America, Europe, and other key global regions.

The market is predicted to guide its future growth with the inclusion of a balance of innovation and continual product enhancement. The market contenders are estimated to support the growth enabling factors and thus are estimated to pull the market out of the depression due to the ongoing global pandemic.

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The regional review of the plastic component market for heavy-duty vehicles is segmented into Asia-Pacific, North America, Europe, and other key global regions.  The regional market in the Asia-Pacific is projected to hold the principal segment in the plastic component market for heavy-duty vehicles for the duration of the forecast with promising share. The national market in China was the major market in 2018, with a substantial output level. The evolution in the plastic component market for heavy-duty vehicles in the regional market for the Asia-Pacific can be accredited to Japan, China, and India. These countries were the foremost nations are capitalizing greatly to reinforce their existence in the region to grasp a major modest benefit.  Furthermore, the regional market in North America is anticipated to possess the subsequent principal share, shadowed by the regions of Europe and the other noteworthy regions in the plastic component market for heavy-duty vehicles.

2.6 Global Plastic Component Market For Heavy-Duty Vehicles, By Component 21

2.7 Global Plastic Component Market For Heavy-Duty Vehicles, By Material 22

2.8 Global Plastic Component Market For Heavy-Duty Vehicles, By Vehicle Type 23

5.2.1 Increase In Demand For Heavy-Duty Vehicles In End-Use Industries 31

5.2.2 Increase In Use For Plastic Components In Heavy-Duty Vehicles 33

5.4.1 Rise In Environmental Concerns And Plastic Prices 34

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