Automotive Valance Panel Market: Overview
The components of the front and rear bumpers of automobiles are covered by the automotive valance panel. The main goal of using automotive valance panels for cars is to give them a striking appearance and improve their aesthetic appeal. Automotive valance panels are essential for reducing aerodynamic force and maintaining a smooth airflow, which improves a vehicle’s overall performance.
In order to complement the aesthetic appearance of the vehicle design, car valance panels were once produced in the same colour as the bumper material. Automotive valance panels, on the other hand, have become more widely employed in recent years to give cars a striking and appealing appearance.
Automotive valance panels are often put at the front side of passenger automobiles, below the radiator, to cover the exposed area of the car. Automotive valance panels are put on the back side of the car to hide the exposed rear bumper. Over the course of the forecast period, the global automotive valance panel market is anticipated to expand at a manageable rate.
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Dynamics
Increase in the demand for fuel-efficient vehicles or light-weight vehicles is projected to drive the automotive valance panel market across the globe. Moreover, automotive car makers are also introducing modifications in the design and looks of existing vehicles to cater to the demand for sporty looking vehicles, and this is also projected to boost the demand for automotive valance panels across the globe.
They are also launching new versions of older vehicles owing to the high demand from consumers for stylish vehicles, which is also estimated to accelerate the growth of the automotive valance panel market across the globe.
However, the high cost of innovative material incurred by the manufacturers of automotive valances is a prominent aspect that is likely to hamper the growth of the global automotive valance panel market during the forecast period.
On the other hand, the inclusion of automation in automotive vehicles, material advancements, amalgamation of the value chain and advancements in the manufacturing technology of automotive valance panels are expected to be some of the trends witnessed in the market over the coming years.
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Segmentation
By vehicle type
- Passenger Cars
- Compact
- Mid-Size
- Luxury
- SUV
- LCV
- HCV
- Buses
- Coaches
- Heavy Trucks
By product type
- Filler Panels
- Bumper Spoilers
- Air Dams
- Bumper Deflectors
By fixing position
- Rear
- Front
By sales channel
- OEM
- OES
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Regional Outlook
Asia Pacific is projected to dominate the global automotive valance panel market owing to the rising demand for fuel-efficient vehicles over the forecast period. In Asia Pacific, China and India are expected to grow at a considerable rate during the forecast period owing to the shifting consumer behaviour towards the adoption of sporty looking vehicles as well as light-weight vehicles.
Europe is also expected to grow with a significant share in the global automotive valance panel market during the forecast period due to supportive government schemes for the production of emission-less vehicles. The Middle East & Africa region is projected to grow with a minor share in the global automotive valance panel market due to the presence of a lesser number of vehicle production facilities in the region as compared to other regions.
Key Participant
- GORDON AUTO BODY PARTS CO., LTD.
- Machino Plastics Limited
- Compagnie Plastic Omnium SA
- ALP FPI Parts Pvt. Ltd.
- FLEX-N-GATE
- TOYOTA BOSHOKU CORPORATION
- Magna International Inc.
- Montaplast GmbH
- NTF India Pvt. Ltd.
- SEOYAN E-HWA Automotive Slovakia
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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