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The global automotive fender roller industry is being aided by the growing automotive sector and escalating consumer disposable incomes. The automotive industry is being aided by the growing demand for light vehicles, particularly in emerging nations. With the shift of manufacturers from mature markets to emerging ones, the automotive industry is expected to witness a further expansion. In the United States, the pool of potential buyers for light vehicles remains strong. These factors will, in turn, aid the growth of the automotive fender roller industry.
The growing popularity of online channels owing to the convenience factor and the thriving retail industry are further aiding the automotive fender roller industry growth. The retail corporations like Walmart Inc (NYSE: WMT) are making the product available to the consumers at discounted prices. Further, in February 2021, the e-commerce giant, Amazon.com, Inc. announced that the company had made an investment worth USD 15 billion and launched 225 new tools and services in 2020 to help the small and medium-sized businesses and third-party sellers grow and thrive worldwide. Such developments are expected to enhance the sales volume of automotive fender rollers, thus, accelerating the industry growth.
Market Breakup by Vehicle Type, End Use, and Regions:
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The major players in the global automotive fender roller market are Qingdao Smart Industrial Co., Ltd., The Eastwood Company, and Summit Racing Equipment (Autosales, Incorporated), among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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