Plastic Components Market

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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Industry News:

• Fiat Chrysler Automobiles NV (FCA) sold its automotive components business, Magneti Marelli S.p.A, to CK Holdings Co. Ltd, a holding company of Calsonic Kansei Corporation, which is a leading Japanese automotive component supplier. The combined business operates under the name Magneti Marelli CK Holdings.
• Continental AG established a 3D blow molding plant in Changshu, China. The facility produces 3D blow molded hoses used in high-performance turbochargers for automotive OEMs.

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.

Segmental Analysis

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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Market Regional Analysis 

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.

Tables of Content:

1 Executive Summary

2 Market Introduction

2.1 Definition 18

2.2 Scope Of The Study 18

2.3 List Of Assumptions 19

2.4 Market Structure 20

2.5 Market Attractiveness Analysis 21

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

2.9 Macro Factor Indicator Analyses 24

2.10 Key Takeaways 24

3 Research Methodology

3.1 Research Process 25

3.2 Primary Research 26

3.3 Secondary Research 27

3.4 Market Size Estimation 28

3.5 Forecast Model 28

4 Market Insights

5 Market Dynamics

5.1 Introduction 31

5.2 Drivers 31

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

5.3 Drivers Impact Analysis 33

5.4 Restraint 34

5.4.1 Rise In Environmental Concerns And Plastic Prices 34

5.5 Restraints Impact Analysis 34

5.6 Opportunity 35

…Continued

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