Splash Shield Market Forecast and Segments, 2016-2026
Water and debris often strike a vehicle from underneath, accelerating corrosion and deterioration of vital components. A splash shield is a removable device mounted externally on a vehicle engine or a disc brake system to protect the engine, alternator, drive belts, disks and other parts from being assaulted by water and other debris. Not only it gives the vehicle an extra degree of protection but also contributes to proper airflow to cool the engine. A splash shield is continuously exposed to all kind of road debris and other elements, hence is generally made from high density polyethylene or polyurethane materials. Along with the device is also designed to fit most vehicle makes and models for a quick and easy to do installation. Most of the splash shields are manufactured according to OE specification, and are perfect for the most extreme conditions. The importance of splash shield is indisputable and today the market is full of heavy-duty aftermarket splash shields too. The global splash shield market is anticipated towitness a lucrative growth at a healthy CAGR throughout the forecast period.
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Global Splash Shield Market: Drivers and Restraints
The continuous growth in automobile sales across the globe is anticipated to be the primary factor driving the global splash shield market in the forecast period. Additionally, as the splash shield is directly exposed to water and debris, certainly it requires a replacement after a limited time frame, and this coupled with rising awareness about engine safety and car life cycle is fueling the global splash shield aftermarket sales. In recent years the market has witnessed newer and better splash shield design that also helps in increasing the engine performance by allowing proper airflow path. Hence these additional advantages are also expected to drive the market in the forecast period. Concurrently, with the rising cost of car engine/brake repairs, people are getting more inclined towards primary precaution tools like splash shields, henceforth driving the demand of OE as well as after-market splash shields.
Global Splash Shield Market: Segmentation
On the basis of application area:
- Engine Components
- Others (alternator, drive belts, etc.)
On the basis of type:
- Single unit shields
- Twin unit shields
On the basis of manufacturing material:
- Plastics and Fiberglass
- Metals (Aluminium etc.)
On the basis of vehicle type:
- Passenger Vehicles
- Commercial Vehicles
On the basis of market type:
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Global Splash Shield Market: Regional Outlook
Geographically, the global splash shield marketcan be segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). European and North American regions housing a large number of major OEM, shall dominate the global splash shield market in the forecast period. With rising number of vehicles on road the APEJ nations are anticipated to significant increase their share in the global splash shield market. Similarly, rising FDI opportunities in China and India are urging major OEM’s to set up their manufacturing plants there, hence increasing their share of pie in the OE splash shield market in the forecast period. Japan being the hub for major manufacturing facilities of Toyota and Honda, is also holding a notable share in the forecast period.
Global Splash Shield Market: Key Players
The global market is dominated by Chinese and other regional manufactures. Some of them are: A.P.A Industries Inc., Crown Automotive Sales Co. Inc., Husky Liners Inc., Rugged Ridge, NuVue Products, Omix-ADA Inc., Dekar Engineers Pvt. Ltd., Hangzhou Kapaco Automotive Parts Co. Ltd, etc.
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