Global Automotive Fender Market Size to Exceed USD 15.24 Billion By 2033: Forecast Analysis Report

Global Automotive Fender Market Size to Exceed USD 15.24 Billion By 2033

According to a research report published by Spherical Insights & Consulting, The Global Automotive Fender Market Size is Expected to Grow from USD 9.15 Billion in 2023 to USD 15.24 Billion by 2033, Growing at a CAGR of 5.23% during the forecast period 2023-2033.

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Automotive Fender Market Size, Share, and COVID-19 Impact Analysis, By Type (Steel, Fiberglass, Carbon Fiber), By Sales Channel (OEM, Aftermarket), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, And Africa), Analysis And Forecast 2023 - 2033

The worldwide automotive fender market is ascribed to the marketplace involved in the production and distribution of an external part of a car that is situated on the sides above the wheels known as fenders. The principal objective of the fender is to safeguard the car against rocks, road debris, and other hazards. The major driver for fenders is the high adoption of lightweight materials for the fabrication of the outline of the body frame. The market expansion is driven by ongoing advancements in manufacturing techniques making some drastic changes which leads to propel the market growth. Moreover, enhances a car's visual appeal by establishing its overall style and appearance which contributes to expanding the market revenue. Further, the rising acceptance of electric, hybrid, and autonomous vehicles support boosts the market expansion. However, market growth faces several obstacles, like high upfront costs for fabricating, and economic uncertainty.

The steel segment held the largest share of the global automotive fender market in 2023 and is anticipated to grow at a substantial CAGR over the forecast period.

On the basis of the type, the global automotive fender market is differentiated into steel, fiberglass, and carbon fiber. Among these, the steel segment held the largest share of the global automotive fender market in 2023 and is anticipated to grow at a substantial CAGR over the forecast period. This is because their robust and durable along with cost-effective as compared to modern composites or aluminum.

The OEM segment held the largest share of the global automotive fender market in 2023 and is anticipated to grow at a substantial CAGR over the forecast period.

On the basis of the sale channel, the global automotive fender market is segmented into OEM and aftermarket. Among these, the OEM segment held the largest share of the global automotive fender market in 2023 and is anticipated to grow at a substantial CAGR over the forecast period. This is due to the need for guaranteed adherence to safety regulations and performance specifications. Moreover, the development of technology accelerates the segment growth.

Asia Pacific is projected to hold the largest share of the global automotive fender market over the forecast period.

Asia Pacific is expected to hold the greatest share of the global automotive fender market over the forecast period. The regional market is growing due to the cutting-edge technical safety measures in the production line of the automotive industry. India, South Korea, Japan, and China are the major contributors to the automotive sector leading to market growth. The market is growing as a result of growing emphasis on stricter safety requirements, growing customer awareness of vehicle upkeep, and infrastructure development in the automotive industries.

North America is anticipated to grow at the fastest CAGR growth of the global automotive fender market over the forecast period. The market's expansion throughout the region is further accelerated due to the presence of key market players along with supportive government initiatives. Moreover, the growing popularity of autonomous vehicles and electric which require a high need for a sophisticated structural framework, boost the regional market.

Company Profiling

Major vendors in the global automotive fender market are Thyssenkrupp, Magna International, Sungwoo Hitech, Hitachi Chemical, Benteler Deutschland, HUTCHINSON, Futaba Industrial, Tata AutoComp Systems., Plastic Omnium, Faurecia, and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In October 2024, EGR USA's announcement of the new EGR Summit Fender Flare applications highlighted their focus on combining style and protection for truck enthusiasts. These fender flares were designed to enhance the appearance of trucks while providing added protection, catering to the growing demand for durable and stylish automotive accessories.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global automotive fender market based on the below-mentioned segments:

Global Automotive Fender Market, By Type

• Steel
• Fiberglass
• Carbon Fiber

Global Automotive Fender Market, By Sale Channel

• OEM
• Aftermarket

Global Automotive Fender Market, By Regional

•  North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa