Wheelhouse Liner Market Prospects Pinpoint Higher Traction from Developed Nation
Posted by Arslan on August 14th, 2019
Wheelhouse liners, also called as fender liners, inner fender panel or wheel wall liners, are protective liners or discs mounted or attached on the wheelhouse or wheel wells of automobiles. They are usually lined on the outside of the fenders and are not usually visible to naked eye from a conventional view of the vehicle. Wheelhouse Liner not only protect the tires of the automobile vehicles from dirt, debris, rocks, road salt, mud and other damaging materials from the road, but also enhances the appearance of the vehicle. Wheelhouse liners are usually installed with the automobile, but since they are exposed to continuous dirt and other impurities from the road they tend to wear down and need to be replaced regularly. Hence, the wheelhouse liners have a very significant aftermarket. Wheelhouse liners usually are made of thermoplastic or metal, and both offer distinct protective features depending on the type and composition of material used.
Wheelhouse liners help extending the life of the tires by protecting them from mud, dirt and impurities from the road and also help improving the appearance of the vehicles. This, coupled with the growing automobile sales worldwide, the wheelhouse liners market is expected to witness significant demand in the coming years.
Wheelhouse Liner Market: Dynamics
Urbanization is also expected to be one of the main drivers of Wheelhouse Liner market. Growing urban population and per capita income has created an upsurge in the automobile sales in key economies. Increasing automobile sales has a direct impact on the demand for wheelhouse liners market. With the growth in automobile sales, wheelhouse liner market is also expected to register significant growth in the coming years
Wheelhouse Liner are critical in protecting and increasing the life span of automobile tires. Automobile tires are expensive to replace and this has increased consumer focus on extending tire durability, life and performance. This has created a significant demand for wheelhouse liners, especially in the aftermarket. Wheelhouse liners have a moderate replacement ratio, thus creating a significant demand for wheelhouse liners in the aftermarket.
On a regional level, Europe is one of the leading manufacturers of automobiles and automotive parts in the world, accounting for almost 1/4th of the total production and is thus expected to hold a major share in the global wheelhouse liner market. In terms of market share in the wheelhouse liner market, North America is expected to follow Europe due to its vast presence in automobile industry. Countries like India and China are expected to hold large market share in wheelhouse liner market, in terms of value, due to the rapid growth in urban population and growing automotive industry in the regions. Both the countries are also expected register robust CAGR growth rate in the Wheelhouse Liner market. India is expected to be one of the main drivers in the wheelhouse liner market due to the high year-on-year sales growth of automobile vehicles in the country. Hence Asia-pacific region is expected to register highest growth in terms of volume in the global wheelhouse liner market. Middle East and Africa region is expected to hold relatively small market share in the wheelhouse liner market but is expected to witness a healthy growth rate during the forecast period. Overall, Wheelhouse Liner market is expected to experience robust growth opportunities over the projected period.
Global Wheelhouse Liner Market: Key Players
Examples of some of the market participants in the global Wheelhouse Liner market identified across the value chain include Ken-Tool, Sherman, K-Metal, Duraliner, AMD, OER, Omix-Ada, KIA, Husky Liners, DeWALT
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