Automotive Fender Market Size, Share & Industry Analysis, By Vehicle Type (Passenger Car and Commercial Vehicle), By Product Type (Metallic and Non-Metallic), and Regional Forecast, 2024 – 2032

The global automotive fender market size was valued at USD 12.44 billion in 2023. The market is projected to grow from USD 13.39 billion in 2024 to USD 26.03 billion by 2032, exhibiting a CAGR of 8.7% during the forecast period.

The automotive fender market refers to the industry segment that deals with the manufacturing, distribution, and sales of fenders. A fender is an exterior component of a vehicle located on the sides of the vehicle above the wheels. The primary purpose is to protect the vehicle from road debris, rocks, and others. Additionally, fenders contribute to the aesthetic appeal of vehicles, defining their overall design and style. Fenders are typically made from materials, such as steel, aluminium, or plastic, depending on the desired balance between durability, weight, and cost. Ongoing developments in fender materials and manufacturing processes drive market growth and product improvements.

The COVID-19 pandemic had significant impacts on various industries, including the automotive sector. Disruptions in the supply chain impacted the availability of raw materials, components, and finished goods, impacting the manufacturing of vehicles and related parts, including fenders. The automotive industry encountered a substantial decline in vehicle production as demand dropped and manufacturers temporarily halted operations.

Automotive Fender Market Trends

Rapid Adoption of Lightweight Materials by Market Leaders

Lightweight materials offer several advantages, including improved fuel efficiency, reduced emissions, and enhanced overall vehicle performance. Aluminium and composite materials, such as Carbon Fiber Reinforced Polymers (CFRP) and fiberglass, have gained popularity as alternatives to traditional steel fenders. These materials are lighter in weight while maintaining strength and durability. Automakers have been under increasing pressure to meet stringent fuel efficiency and emission standards. Lightweight materials in fenders contribute to the overall reduction in vehicle weight, leading to improved fuel efficiency. Thus, the rising adoption of lightweight materials by market leaders to enhance overall efficiency and fuel efficiency and reduce vehicle emissions drive the market growth.

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Automotive Fender Market Growth Factors

Increasing Vehicle Sales and Production to Propel Market Growth

The demand for fenders is closely tied to the production and sales of vehicles. As more vehicles are manufactured and sold, there is a proportional need for fenders. Trends directly influence the market's growth in global and regional vehicle production. Original Equipment Manufacturers (OEMs) are the primary customers for fender manufacturers. The more vehicles OEMs produce, the higher the demand for fenders. Increasing vehicle production is often a result of economic growth, rising consumer confidence, and higher disposable incomes. As economies grow, consumers are more likely to purchase vehicles, leading to higher production rates and subsequently driving the demand for fenders. Thus, increasing sales and production of vehicles will drive the market growth during the forecast period.

RESTRAINING FACTORS

Stringent Emission Standards Related to Vehicles May Hamper Market Growth

The restraining factor in the market is the stringent emission standards related to vehicles. Increasing stringent emission standards across the globe drive automotive manufacturers to explore lightweight materials for improving fuel efficiency and reducing overall vehicle emissions. Selecting lightweight yet strong and durable materials, such as aluminium or advanced composites, may increase material costs and require adjustments in manufacturing processes. These increasing costs of materials due to stringent emission standards related to vehicle emissions may hamper market growth.

Automotive Fender Market Segmentation Analysis

By Vehicle Type Analysis

Rising Production of Passenger Cars Drives Its Segment’s Growth

Based on vehicle type, the market is separated into passenger car and commercial vehicle.

The passenger car segment holds the largest market share. The segment growth is attributed to the rising production volume of passenger cars, including internal combustion engine vehicles and electric vehicles. These developments propel market growth. 

The commercial vehicle segment accounts for the second-largest market share. The segment growth is attributed to increasing logistics, transportation, and public services. The higher number of vehicles in commercial fleets increases the demand for vehicle fenders, this development drives the market growth.

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By Product Type Analysis

Durability, Robustness, and Cost-Effectiveness of Metallic Fenders Drives Its Segment Growth

Based on product type, the market is segregated into metallic and non-metallic.

The metallic segment holds the maximum market share. Metallic materials, especially high-strength steel, provide durability and robustness to fenders. They can withstand impact forces, resist deformation, and offer a high level of protection to the vehicle's body. Metallic fenders, particularly those made from steel, are often more cost-effective compared to alternative materials, such as aluminium or advanced composites. These advantages of metallic fenders boost market growth.

REGIONAL INSIGHTS

The market is studied across Europe, North America, Asia Pacific, and the rest of the world.

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The market in Asia Pacific, which stood at USD 6.06 billion, dominated in 2023 and is poised to continue its dominance throughout the forecast period, with the fastest-growing CAGR. In Asia Pacific, particularly China, is emerging as a significant market for fenders. The accelerating adoption of electric vehicles, such as passenger cars in countries, such as India, Japan, South Korea, and others, coupled with supportive government policies, is driving the market growth.

Europe's market for vehicle fenders registers the second-largest share due to the manufacturing hub, increasing research and development in the region. Countries, such as Germany, France, Italy, and the U.K. have a strong presence in the automotive industry. The concentration of manufacturing facilities in Europe contributes to the region's share in the production of automotive components, including fenders.

North America has a strong market for trucks and SUVs (Sport Utility Vehicles), which are known for their robust build and larger body structures. The demand for these types of vehicles may result in a higher demand for replacement fenders, contributing to the overall market share.

List of Key Companies in Automotive Fender Market

Market Players Emphasize a Wide Range of Product Offerings to Gain Competitive Edge

Key market players include Plastic Omnium, Sungwoo Hitech, and TONG YANG GROUP. Market players focus on manufacturing and advanced technology and provide fenders for various vehicles globally.

Compagnie Plastic Omnium SA, a manufacturing and service company, engages in the automotive equipment and environmental businesses globally. Its automotive division engages in the manufacture and sale of automotive body components and modules and automotive fuel systems to carmakers. The company's environmental division engages in the manufacture and sale of various products and services to local authorities or waste collection companies in the waste containerization and urban design segments.

List of Key Companies Profiled:

• Thyssenkrupp (Germany)


• Sungwoo Hitech (China)


• Plastic Omnium (France)


• Changchun Engley Automobile Industry (China)


• HUTCHINSON (Paris)


• Magna International (Canada)


• FUTABA INDUSTRIAL CO., LTD. (Japan)


• Benteler Deutschland (Germany)


• Guangzhou Lingyue Auto Parts Co., Ltd. (China)


• Tata AutoComp Systems (India)


• TONG YANG GROUP (China)

KEY INDUSTRY DEVELOPMENTS:

• In April 2023, Maruti Suzuki Launched a Fronx compact SUV. Maruti Suzuki Fronx features an aerodynamic silhouette and proud stance with upright front and rear fascia, roof rails and a wide bonnet along with chiselled wheel arches, muscular fenders and side body.


• In September 2022, Tata Motors launched the Camo edition of its Punch SUV, with prices starting at USD 8700 and going up to USD 9976. It is a 1.2-litre, three-cylinder Revotron engine that produces 86 Ps of max power and 113 Nm of peak torque. The SUV comes mated to a five-speed manual gearbox or a five-speed AMT. Tata Motors also added Camo badging on the fenders. It also gets 16-inch charcoal diamond-cut alloy wheels.


• In April 2022, Lexus introduced the all-new 2023 RZ 450e. The all-new RZ brings a unique Lexus driving experience based on the ‘Lexus Electrified’ vision. The vehicle consists of a new all-wheel drive system called DIRECT4; RZ offers drivers a refined, human-centered driving experience. The body is maintained by reinforcing the radiator support area and adding a V-shaped brace for superior handling performance. In addition, the tower bar and fender braces enhance steering response, while the reinforcement in the lower back section improves rear tracking.


• In September 2021, Genesis introduced its first dedicated electric vehicle, the GV60. The GV60 comes with advanced technologies, such as the Crystal Sphere and Face Connect, to promote new ways for drivers to connect with the vehicle. The GV60 features a Clamshell Hood, a single panel that combines the hood and fenders, creating a sleek impression. The vehicle also comes with the latest wing emblem on the hood.


• In September 2020, Acura announced that the company would launch the all-new 2021 TLX. The 2021 Acura TLX launches with four distinct grades: TLX, TLX with Technology Package, TLX A-Spec, and TLX with Advance Package. The vehicle consists of small vents built into the front inner fenders to create air curtains that help maintain smooth, attached airflow across the wheel openings to reduce drag.

REPORT COVERAGE

The global automotive fender market report provides a detailed analysis focusing on key aspects such as leading market players, competitive landscape, and vehicle type. Besides this, the report includes insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that have contributed to the market's growth in recent years.

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