Global Automotive Aerodynamic Market, By Electric Vehicle Type (BEV, HEV), Mechanism (Active System, Passive System), Vehicle Type (Light-Duty Vehicles, Heavy Commercial Vehicles), Application (Air Dam, Diffuser, Gap Fairing, Grille Shutter, Side Skirts, Spoiler, Wind Deflector) – Industry Trends and Forecast to 2029
Automotive Aerodynamic Market Analysis and Size
Automotive Aerodynamics plays a vital role in road vehicle design since it provides an option of getting a decrease in emission levels and fuel consumption. One of the significant areas is the wheel-houses which can be responsible for up to 25-30% of total aerodynamic resistance of a vehicle. The global automotive aerodynamics market is expected to grow at a remarkable rate due to rising demand for fuel-efficient vehicles. Automotive designed on the basis of aerodynamic are expected to run faster. Also, these vehicles consume less fuel then co other vehicles.
Data Bridge Market Research analyses that the automotive aerodynamic market was valued at USD 25.17 billion in 2021 and is expected to reach USD 35.66 billion by 2029, registering a CAGR of 4.45% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Automotive Aerodynamic Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Electric Vehicle Type (BEV, HEV), Mechanism (Active System, Passive System), Vehicle Type (Light-Duty Vehicles, Heavy Commercial Vehicles), Application (Air Dam, Diffuser, Gap Fairing, Grille Shutter, Side Skirts, Spoiler, Wind Deflector)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, 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), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
Magna International Inc. (Canada), Röchling SE & Co. K.G. (Germany), Plastic Omnium (France), SMP (Germany), Valeo (France), SRG Global (U.S.), Polytec Holding AG (Austria), Plasman (Canada), INOAC Corporation (Japan), Rehau Group (Switzerland), SDN BHD (Malaysia), HBPO (Germany), Spoiler Factory (Australia), Airflow Deflector (Canada)
|
|
Market Opportunities
|
|
Market Definition
Automotive aerodynamics is the best effective technique for decreasing the emissions in the automotive sector after weight reduction and powertrain improvement. Active aerodynamic is the advanced technology of automotive aerodynamic technology. It is trending to restrict airflow or selectively admits based on real-time necessities and contributes towards the decrease in drag and thereby decreasing emissions. It is of great importance to the automotive sector and thus is expected to rise high in the forecast period
Automotive Aerodynamic Market Dynamics
Drivers
- Rising demand for light duty vehicle
Automotive aerodynamic systems have become a vital part of the light-duty vehicles. This system are mainly incorporated for decrease in visual appeal and fuel consumption, some Light duty vehicles manufacturers also aim to improve their models to stay competitive in the market. Hence, the increasing volume of the production of light dusty vehicles is proportionately increasing the demand for automotive aerodynamics in the market, which are expected to drive the market's growth rate.
- Usage in aerospace industry
The aerospace sector is extremely regulated by stringent rules imposed by different regulatory authorities across the globe. These authorities are forcing the aerospace sector by introducing more stringent rules on the airline sector regarding the reduction of carbon emissions. The automotive aerodynamics play important role for the reduction of carbon emission which are expected to drive the market's growth rate.
Opportunities
- Demand for automotive active aerodynamic system
The active aerodynamic system has the highest growth rate in the automotive aerodynamic market because this is an advanced offering technology which guarantees higher fuel economy and better aesthetics. The price of these systems is presently high but is bound to decline in the upcoming years, with their growing adoption of mid-priced and economical LDVs and also for luxury HCVs , this will create the immense opportunities for the growth of the automotive aerodynamic in upcoming years.
Moreover, adopting this system in high commercial vehicles and growth of active system for economy vehicles will also create various opportunities for the growth of the automotive aerodynamic market.
Restraints/ Challenges
- High installation cost
The high cost of installation of automotive aerodynamics systems may restraint the demand of these systems and obstruct the growth of the aerodynamic market for automotive during forecast period.
- Lack of testing mechanism
However, the Lack of testing mechanism along with distinguishing vehicle designing are acting as market restraints for the growth of the automotive aerodynamic market.
This automotive aerodynamic market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 automotive aerodynamic market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Aerodynamic Market Scope
The automotive aerodynamic market is segmented on the basis of electric vehicle type, mechanism, vehicle type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Electric Vehicle Type
- BEV
- HEV
Mechanism
- Active System
- Passive System
Vehicle Type
- Light-Duty Vehicles
- Heavy Commercial Vehicles
Application
- Air Dam
- Diffuser
- Gap Fairing
- Grille Shutter
- Side Skirts
- Spoiler
- Wind Deflector
Automotive Aerodynamic Market Regional Analysis/Insights
The automotive aerodynamic market is analysed and market size insights and trends are provided by country, electric vehicle type, mechanism, vehicle type and application as referenced above.
The countries covered in the automotive aerodynamic market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.
North America dominates the automotive aerodynamic market in terms of market revenue and share during the forecast period of 2022-2029. This is due to the growth of the automotive industry in this region.
Asia-Pacific is expected to be the fastest developing regions due to the large share of china and India along with increasing population, rising disposable income and rising demand of automobile in this region
The country section of the report also provides individual market impacting factors and changes in market regulation that impact 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 Automotive Aerodynamic Market Share Analysis
The automotive aerodynamic 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, global presence, production sites and facilities, production capacities, 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 automotive aerodynamic market.
Some of the major players operating in the automotive aerodynamic market are:
- Magna International Inc. (Canada)
- Röchling SE & Co. KG (Germany)
- Plastic Omnium (France)
- SMP (Germany)
- Valeo (France)
- SRG Global (U.S.)
- Polytec Holding AG (Austria)
- Plasman (Canada)
- INOAC Corporation (Japan)
- Rehau Group (Switzerland)
- SDN BHD (Malaysia)
- HBPO (Germany)
- Spoiler Factory (Australia)
- Airflow Deflector (Canada)
SKU-