According to Future Market Insights, the market for automotive cowl panels is expected to reach a valuation of US$ 399 million in 2023 with a CAGR of 7% during the forecast period. According to estimates, the market will reach US$ 785 million in 2033. Due to the expansion of xEVs (BEVs, HEVs, PHEVs, FCEVs) and smartification, vehicles have become heavier because of batteries, motors, and electric components. Developing lightweight automotive parts should be considered to be one of the most significant aspects of automobile parts development in the market.
Going green has become an integral part of the auto industry's strategy. The development of eco-friendly materials and reducing CO2 have become the top priorities. The market for natural cowl panels is undergoing a slowdown as the demand for them increases. Customers in developing countries are becoming more meticulous and the market is becoming more competitive in the modern automobile scene. Customers who purchase budget vehicles now expect their vehicles to perform well in specific use cases, using specific types of technology that only recently became available and that they had not previously considered. Therefore, automobile engineers are challenged to go the extra mile when designing parts that are cost-effective but tangible to customers in order to enhance perceived quality. One example of an exterior component is the cowl cover of a vehicle.
The cowl panel is expected to provide structural support and reduce wind noise as well as improve the car's aerodynamics. Furthermore, it assists in keeping rainwater and dirt off the windshield and other exposed parts of the car. With the constant evolution of the automotive industry comes new opportunities for cowl panels. More advanced materials and technology can improve the aesthetics and aerodynamics of cowl panels, making them lighter and more aerodynamic. Further improving vehicle safety can be achieved by integrating active and passive safety systems into cowl panels.
Vehicle design and performance will continue to be enhanced by cowl panels as the automotive industry explores new technologies. To reduce drag and improve fuel efficiency, automotive cowl panels now feature aerodynamic shapes that assist in reducing drag and improving fuel efficiency. With the development of 3D printing technology in recent years, cowl panels for automobiles are being designed and manufactured more accurately to reduce costs and improve quality. To improve aerodynamics and reduce air leakage, automotive cowl panels now feature improved sealing technology. For the purpose of reducing damage and improving the longevity of automotive cowl panels, self-healing materials are now using a method to eliminate the need for resurfacing. Sensors are now being integrated into automotive cowl panels to provide real-time performance information.
A study was conducted to determine the efficacy of open cowl cavities in generating wind noise as well as numerical modeling. A Volvo XC60 was tested with and without side mirrors and with and without the cowl cavity open and closed to measure exterior intensity sound. Measurements were conducted in all configurations. Several studies have shown that the cowl cavity contributes to overall noise levels inside the compartment as a source of wind noise. A significant improvement can be made in terms of the Articulation Index by around 2%. Several configurations of interest were numerically modeled to understand their behavior. Flows around the car have been illustrated and shown to have significant similarities to experiments in terms of illustrating the mechanism. Future development should include an illustration of the vortex core and the pressure RMS.
Ford F-150 Cowl Panel, part number 924-533, is the latest automotive cowl panel to be released by Dorman Automotive. With the help of all the necessary hardware for installation, the cowl panel boasts a durable steel construction and a black finish. Ford F-150s from 2009 to 2014 is designed to use this product as a replacement for the original part. Cowl panels like this are not compatible with other vehicles.
Data Points
Key Statistics
Estimated Base Year Value (2022)
US$ 380 million
Expected Market Value (2023)
US$ 399 million
Anticipated Forecast Value (2033)
US$ 785 million
Projected Growth Rate (2023 to 2033)
7% CAGR
The market will recover steadily in the short term as a result of Covid-19's effect, with an optimistic long-term growth outlook. The increase in vehicle production and sales has led to the growth of automotive components and hence the growth of the automotive cowl panels.
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What is Driving Demand for Automotive Cowl Panel?
The panel that covers the gap between your car's hood and windshield is known as a cowl panel. It protects the area between the windshield and the hood while supporting the windshield and dashboard. It accomplishes this by ensuring that no foreign objects enter the windshield wiper system or the cabin filter area.
Since all vehicles need an automotive cowl panel, rising vehicle sales and production along with fleet on road, are expected to be the primary drivers of the automotive cowl panel industry.
Research centers are constantly working to improve the cost and operating efficiencies of automotive cowl panel, with the aim of lowering their costs and, ultimately, the price of the finished product. Automotive hubs such as China, Japan, and USA have validated persistent developments in recent years, which are expected to bid on thriving prospects to the Asia Pacific region's segment growth.
Though due to COVID-19 pandemic the overall sales were hampered and the demand drastically declined during 2020. However, it is estimated that the market will show positive growth from 2021 onwards.
USA and Canada Automotive Cowl Panel Sales Outlook
North America is estimated to be the prominent market accounting for a significant share of the market. The USA and Canada are projected to remain one of the most lucrative markets for automotive cowl panel over the forecast period. In North America, the market is being driven by the growth of the automotive industry and a strong demand for safety measures.
Automotive sales and production in the region are expected to be boosted by advanced technology in auto part manufacturing, a thriving passenger cars and light trucks production and sales, rising fleet on road, and the digitalization of automotive part distribution services.
The above factors are driving the market for automotive cowl panel in both OEM and replacement market. Cowl panel demand is also being driven by the presence of key vendors in this region, as well as an increasing preference for durable panels, increased net disposable income and a rising need for safety.
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Europe Demand Outlook for Automotive Cowl Panel
The Europe region will generate high demand for automotive cowl panel during the forecast period, owing to the presence of leading automotive cowl panel manufacturers in the region, with the Germany expected to hold a significant share of the market.
Due to increased vehicle production and sales, Europe is expected to be one of the prominent markets for automotive cowl panel. Aluminum automotive cowl panel are expected to become more common in this market as demand for mid-and high-end SUVs grows.
Who are the Key Manufacturers and Suppliers of Automotive Cowl Panel?
Some of the leading manufacturers and suppliers of automotive cowl panel include
Dorman Products
Bright Brothers ltd.
Veegeeindustries Enterprise Private Limited
Original Equipment Reproduction
RestoParts
Sherman
Dynacorn
Goodmark
Mopar
Auto Metal Direct
Local manufacturers are providing the product at low prices, resulting in intense market rivalry that forces manufacturers to sell at lower prices. Market expansion to broaden geographical reach, mergers & acquisitions, R&D investment to develop new systems, joint ventures, partnerships, branding & promotion, technology adoption, and erecting entry barriers for new players are just a few of the key strategies used by these businesses.
The automotive cowl panel market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Key Segments of Automotive Cowl Panel Market
By Material:
Aluminum
Stainless Steel
Others
By Vehicle Type:
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By Sales Channel:
OEM
Aftermarket
By Region:
North America (USA, Canada)
Latin America (Mexico, Brazil)
Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia)
South Asia and Pacific (India, ASEAN, ANZ)
East Asia (China , Japan, South Korea)
Middle East and Africa (GCC Countries, South Africa, Northern Africa)
