Growing Applications of Non-Metallic Materials Drive Innovation in Automotive Fairings Market

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Major materials utilized in the manufacturing processes for producing the products and solutions in the global automotive fairings market are non-metallic compounds such as ABS, polycarbonate, polypropylene, and rubber among others, as well as compounds metals such as aluminum and steel. .

The light weight as well as the malleable and flexible nature of non-metallic compounds such as plastics and rubber make them ideal for application in the new generation of light-duty automotive vehicles. The use of these materials helps to reduce the overall weight of the vehicle and thus improves the fuel economy. Thus, non-metallic materials are in high demand in the global automotive fairings market. These non-metallic components in the global automotive fairings market also exhibit improved heat resistance, which makes them lucrative for application in combustion engine vehicles.

The major solutions and products offered by the global Automotive Fairings market players and manufacturers are Step and Standard, among others. These products in the global automotive fairings market are applied in automotive vehicles both rear and front. The solutions offered by the manufacturers and operating players in the global automotive fairings market landscape are utilized in different types of vehicles such as light commercial vehicles, buses & coaches, medium & heavy trucks, and passenger vehicles , such as sedans, sedan and utility vehicles.

Strong demand from OEMs is driving the growth of the automotive fairings market

The products offered by manufacturers in the global automotive fairings market are marketed and sold through two major sales channels, namely the aftermarket as well as the original equipment manufacturer or OEM. The fairing components of an automotive product most often have a lifespan identical to that of the vehicle itself. This leads to very low demand from aftermarket channels, hence the predominance of demand from OEMs. This trend is also reinforced by the high cost of the fairing, which encourages consumers to opt for a new vehicle, rather than going through an expensive and extensive process of changing or replacing the fairing.

Geographically, the classification of the global automotive fairings market can provide us with information relating to five distinct geographical regions such as Europe, Middle East & Africa, North America, Asia-Pacific, and South America. Due to high population and increasing disposable income, Asia-Pacific and North America have emerged as two of the major regional markets for the global automotive fairing industry. This trend is also reinforced by the presence of many major and leading car manufacturers in the Asia-Pacific region.

Automotive Refit Market Players Active in Regional Expansion through Acquisitions

Flex-N-Gate Corp., Revere Plastics Systems, LLC, Sanko Gosei Technologies USA, Inc., Dakkota Integrated Systems, LLC, Getsamp North America, Inc., AISIN Light Metals, LLC, Plastic Omnium Co., MRC Manufacturing, Inc ., Magna International, Inc., Ventra Ionia, LLC, MOBIS Georgia, LLC and Eakas Corporation, among others. Mergers and Acquisitions have emerged as the dominant business growth strategies implemented by leading industry players in the global automotive fairings market to expand their regional footprint.

For example, a strategic partnership was signed between Plastic Omnium and Total Energies to develop and market new plastic materials, produced from recycled polypropylene in December 2021. This approach will help players minimize waste by optimizing and reusing the existing polypropylene as well as improve the performance of their product offerings. Elsewhere, U.S.-based plastic manufacturing company Ferguson Production, Inc. was acquired by Revere Plastic Systems in July 2021. The move is expected to help Revere Plastic Systems expand its reach across nine different locations in the U.S. . .

REPORT: https://www.transparencymarketresearch.com/automotive-fascia-market.html

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