Plastic Components for Heavy-duty Vehicles Market Size, Share and Analysis to Expand At 11.41?GR Through 2030
Research Reports
Mar 30, 2022
Plastic Components for Heavy-Duty Vehicles Market Overview –
The Global Plastic Components for Heavy-Duty Vehicles Market is expected to exhibit a strong 11.41?GR over the forecast period. according to the latest research report from Market Research Future (MRFR). The market is expected to grow from a volume of 137,143 thousand units in 2018 to 281,470.8 thousand units by 2025. The report provides a greatly detailed profile of the global plastic components for heavy-duty vehicles market and gives readers an all-inclusive overview of the market. The past, present, and future of the market are studied in the report, with detailed historical analysis, present statistics, and future projections.
Historical statistics revealing the market’s historical growth trajectory are studied in detail in the report. Based on these statistics and a study of the major drivers and restraints affecting the market, future projections can be made for the plastic components in heavy-duty vehicles market. Based on this platform, future projections for the plastic components for heavy-duty vehicles market’s growth trajectory over the forecast period are provided in the report.
A comprehensive analysis of the leading players in the plastic components for heavy-duty vehicles market is also provided in the report, which profiles the major players operating in the market. The major factors and trends affecting the global plastic components for heavy-duty vehicles market are assessed in the report. The impact of the COVID-19 pandemic on the plastic components for heavy-duty vehicles market is also assessed in the report.
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Heavy-duty vehicles include tractors, loaders, scrapers, excavators, heavy trucks, combine harvesters, and buses. The rising penetration of plastic components in heavy-duty vehicles is due to the high demand for lightweight vehicles and associated lightweight components in vehicle applications. There are two varieties of plastics, namely, thermoplastic and thermosetting. The thermoplastic category primarily includes polyamide (PA), acrylonitrile butadiene styrene (ABS), and polycarbonate (PC); while thermosetting includes polyurethane (PU).
They are the main materials for plastic components in heavy-duty vehicle applications. Such plastics are widely incorporated in the manufacturing of various components for heavy-duty vehicles. Some of the components that require plastics to manufacture are engine cover, transmission cover, intake air modules, oil pan module, cam cover module, cluster panel/dashboard, bumper, seating, wheel & tire, door, interior & exterior trim, windows & windshields, and electronics.
The growing agriculture and construction industries are likely to drive the demand for heavy-duty vehicles over the forecast period. However, the growing awareness about the inability of plastic components to biodegrade naturally is likely to be a major restraint on the global plastic components for heavy-duty vehicles market over the forecast period. If incinerated, plastic components release carbon monoxide and other toxic gases into the environment. Due to this, end users in the market are likely to demand biodegradable plastics over the coming years. This is likely to remain a major opportunity for players in the plastic components for heavy-duty vehicles market over the forecast period.
Competitive Leaderboard:
Leading players in the global plastic components for heavy-duty vehicles market include SMB Bearings, Abbott Ball Company Inc., Hartford Technologies Inc., ElringKlinger AG, Samvardhana Motherson Group, Toyoda Gosei Co. Ltd., Flex-N-Gate Corporation, Magneti Marelli SpA, DowDuPont Inc., and Continental AG.
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Plastic Components for Heavy-Duty Vehicles Market 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.
Detailed 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.
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http://icrowdnewswire.com/automotive-parking-sensors-market-size-trends-share-and-global-automotive-industry-forecast-to-2030
https://prwireindia.com/PRDetail/93162/Automotive-Parking-Sensors-Market-Size-Trends-Share-And-Global-Automotive-Industry-Forecast-To-2030
https://www.icrowdfr.com/2022/03/25/du-marche-des-capteurs-de-stationnement-automobile-taille-tendances-part-et-previsions-de-lindustrie-automobile-mondiale-jusquen-2030/
https://www.icrowdde.com/2022/03/25/markt-fur-kfz-parksensoren-grose-trends-anteil-und-prognose-der-globalen-automobilindustrie-bis-2030/
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