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Splash Shield Market

Market Insights on Splash Shield covering sales outlook, demand forecast & up-to-date key trends

Splash Shield Market by Application Area, Type, Manufacturing Material, Vehicle Type, Market Type & Region - Forecast 2022 - 2032

Splash Shield Market Snapshot

The Splash Shield Market is anticipated to reach US$ 370.1 Mn by 2032, with a CAGR of around 5.4%. The primary factors driving the growth of the splash shield market are increased customer awareness of engine safety and vehicle lifespans, as well as rising vehicle utilization.

The steady increase in automotive sales across the globe is one of the factors propelling the market. Innovative splash shield designs that enable a suitable airflow channel have just hit the market, helping to enhance engine performance. During the anticipated time frame, these added benefits are anticipated to drive market expansion.

Market Size (2021)

US$ 207.5 Mn

Market Size 2022

US$ 218.7 Mn

Market Size 2032

US$ 370.1 Mn

Value CAGR (2022-2032)

5.4%

Water and debris commonly impact an automobile from underneath, causing corrosion and the breakdown of vital components. For preventing damage to the engine, alternator, drive belts, discs, and other components from water and other debris, a vehicle's engine or disc brake system may be equipped with a removable splash shield. It contributes to appropriate airflow to cool the engine while also providing the car with an additional layer of protection. Because a splash shield is constantly exposed to different types of road debris and other factors, high-density polyurethane or polyethylene materials are typically used in its manufacture.

Splash Shields are designed to accommodate most vehicle types and brands in addition to the device, allowing installation quick and simple. Most splash shields are made in accordance with OE specifications and are ideal for harsh weather.

Splash shields are essential, and the market is flooded with heavy-duty aftermarket splash shields. During the forecast period, it is anticipated that the global market for splash shields would expand profitably at a steady CAGR.

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Historic Market Outlook for Splash Shield

The Splash Shield Market is expected to reach US$ 218.7 Mn in value by 2022, according to the report, the historical growth rate was around 2.1% CAGR from 2017 to 2021. The COVID-19 pandemic crisis has hampered the global expansion of the automotive market industry as well as many other industries. As a result of the imposed lockdown disrupted the supply chain and also delayed deliveries of splash shields in the market.

After the reduction in the percentage of infection the market experienced a drastic boom in the automotive industry market. Additionally, the cost of auto parts is rising regularly, which is causing the middle-class population to heavily favor engine protection systems. As a result, the market for engine splash shields is anticipated to grow throughout the projected time frame.

Manufacturers are employing lightweight, high-density materials as accessories and protection for vehicle components from corrosion and any other debris in response to the growing consumer demand for environmentally friendly and fuel-efficient automobiles. As a result, the demand for the splash shield market will also grow with advanced developments and trending opportunities for the forecast period. Over this, the Splash Shield market demand forecast by FMI anticipates a CAGR of 5.4% by 2032.

What are the Various Factors Driving the Splash Shield Market?

The key factor projected to propel the worldwide splash shield market during the forecast period is the continued development in automotive sales across the globe. People are becoming more interested in primary preventative tools like splash shields as a result of the rising expense of automotive engine and brake maintenance, which is concurrently driving demand for both original equipment and aftermarket splash shields.

The global splash shield aftermarket sales are being fueled by increased awareness about engine safety and automotive life cycles as well as the fact that the splash shield is directly exposed to water and debris and must be replaced after a finite amount of time.

In recent years, the market has seen the introduction of innovative and improved splash shield designs that, by permitting optimal airflow routes, also aid in improving engine efficiency. Consequently, it is anticipated that the market would grow throughout the forecast period of 2022–2032 due to these additional benefits.

Nikhil Kaitwade
Nikhil Kaitwade
Principal Consultant
LinkedIn
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Which Factors May Hinder the Splash Shield Market Growth?

These days, the automobile sector is growing remarkably, and its associated industries are also profiting from this growth. The proactive components of the vehicle, such as a splash shield, are required to protect the vehicle components, such as the engine and drivetrain, from damage.

Even though awareness related to the splash shield, which protects your engine from debris and other relative damages, is higher, there is still the unpredictable nature of the driver, and unawareness related to the replacement of the splash shield could hamper the market negatively.

Automobile owners probably wouldn't consider this when assessing which components of the car are susceptible to wear and tear. Parts that are easily damaged by daily driving include the gas pedal, brakes, and tires. However, the underside of the car experiences a lot of damage, particularly around the engine splash shield. Unawareness of vehicle drivers or customers towards the replacement and installation of these splash shields could restrain the market in the forecast period, especially through aftermarket sales channels.

What is the Regional Analysis of the Splash Shield Market Share?

The market for splash shields can be divided geographically into six regions North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East and Africa (MEA). The regions of Europe and North America, which are home to a significant number of leading OEMs, will rule the worldwide splash shield market over the forecast period.

The countries in East Asia and the South Asia and Pacific region are predicted to grow their positions in the global splash shield market due to the growing number of cars on the road as well as their growing demand. Similar to this, with expanding opportunities in India and China, most of the prominent players are pushing significant OEMs to establish their manufacturing facilities there to boost their market share for OE splash shields during the projection period. Japan is also keeping a sizable stake during the projection period as it is home to Toyota and Honda's main manufacturing plants.

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Market Competition

The global market will be very competitive due to the expanding automobile sector and its internal developments. The market participants for splash shields are in competition with one another in terms of product development and trying to acquire local competitors. The key players operating in the Splash Shield market include 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, and others.

Scope of the Report

Attribute

Details

Growth Rate

CAGR of 5.4% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2017-2021

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Million, Volume in Units and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Application Area
  • Type
  • Manufacturing Material
  • Vehicle Type
  • Market Type
  • Region

Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa

Key Countries Covered

  • US
  • Canada
  • Mexico
  • Brazil
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Benelux
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • ANZ
  • GCC Countries
  • Turkey
  • South Africa
  • North Africa

Key Companies Profiled

  • 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
  • National Auto Parts
  • Alfa Laval (China) Ltd.
  • Danyang Mincheng Autoparts Co., Ltd.
  • Others

Customization & Pricing

Available upon Request

Key Segments Profiled in the Splash Shield Market Report Splash Shield Market

By Application Area, Splash Shield Market is segmented as:

  • Engine Components
  • Breaks
  • Others (alternator, drive belts, etc.)

By Type, Splash Shield Market is segmented as:

  • Single unit shields
  • Twin unit shields

By Manufacturing Material, Splash Shield Market is segmented as:

  • Plastics and Fiberglass
  • Metals (Aluminium etc.)

By Vehicle Type, Splash Shield Market is segmented as:

  • Passenger Vehicles
    • Compact
    • Midsize
    • SUV
    • Luxury
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Electric/Hybrid Vehicles

By Market Type, Splash Shield Market is segmented as:

  • OEM
  • Aftermarket

By Region, Splash Shield Market is segmented as:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

Frequently Asked Questions

In 2021, the value of the Splash Shield Market reached over US$ 207.5 Mn.

During the forecast period, the Splash Shield Market is estimated to expand at a CAGR of 5.4% during 2022-2032.

The Splash Shield Market is projected to reach US$ 370.1 Mn by the end of 2032.

North America region is projected to lead the Splash Shield market in the forecast period.

The key players operating in the Splash Shield market are A.P.A Industries Inc., Crown Automotive Sales Co. Inc., Husky Liners Inc., Rugged Ridge, NuVue Products and Omix-ADA Inc.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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