Global Plastic Component Market – Industry Trends and Forecast to 2028

Market Analysis and Insights : Global Plastic Component Market

The plastic component market will reach at an estimated value of USD 10,680.85 million and grow at a CAGR of 11.40% in the forecast period of 2021 to 2028. Rising urbanization in developing countries, which require more residential buildings and proper transport routes is an essential factor driving the plastic component market.  

Rising growth of key end-use industries is a crucial factor accelerating the market growth, also increasing shift in the trend toward replacement of glass and metals, rising urbanization in developing countries, which require more residential buildings and proper transport routes, increasing demand for lightweight vehicles and associated lightweight components in vehicle applications and rising demand of the vehicles due to rise in the population are the major factors among others boosting the plastic component market. Moreover, increasing technological advancements and modernization in the production techniques and rising research and development activities and rising demand from the emerging economies will further create new opportunities for plastic component market in the forecast period mentioned above.

However, rise in environmental concerns is the major factors among others restraining the market growth, and will further challenge the plastic component market in the forecast period mentioned above.

This plastic component market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the plastic component market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Plastic Component Market Scope and Market Size

The plastic component market is segmented on the basis of component, material and vehicle type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of component, the plastic component market is segmented into engine cover, transmission cover, intake air modules, bumper and others.
• Based on material, the plastic component market is segmented into PVC, PU, PP, PE, PA, ABS and others.
• The plastic component market is also segmented on the basis of vehicle type into trucks, tractors, buses, excavator, combine harvester and scraper.

Plastic Component Market Scope Country Level Analysis

The plastic component market is analysed and market size, volume information is provided by country, component, material and vehicle type as referenced above.

The countries covered in the plastic component market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Asia-Pacific dominates the plastic component market due to rising growth in plastic component market for heavy-duty vehicles. North America is the second largest region in terms of growth in plastic component market due to increasing shift in the trend toward replacement of glass and metals and rising urbanization in this region.

The country section of the plastic component market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Plastic Component Market Share Analysis

The plastic component market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to plastic component market.

The major players covered in plastic component market report are DuPont, Continental AG, Marelli Holdings Co., Ltd, Flex-N-Gate Corporation, TOYODA GOSEI Co., Ltd, Motherson., ElringKlinger AG, Hartford Technologies, Inc., Abbott Ball Company Inc. and SMB Bearings among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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