$32.77 Bn Automotive Aerodynamic Market - Global Forecast to 2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 22, 2018--The “Aerodynamic Market for Automotive by Application, by EV Type (BEV and HEV), Mechanism (Active System and Passive System), Vehicle Type (Light Duty Vehicles and Heavy Commercial Vehicles), and Region - Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The global aerodynamic market for automotive is estimated to be USD 23.65 billion in 2018 and is projected to reach USD 32.77 billion by 2025, at a CAGR of 4.77% from 2018 to 2025.
The market growth is primarily driven by the increasing demand for stylish and fuel-efficient vehicles. However, the increase in the price of the vehicles due to the inclusion of various aerodynamic applications can restrain the growth of the automotive aerodynamic market.
The higher weight of heavy commercial vehicles is a major reason for their higher fuel consumption as compared to light-duty vehicles. Moreover, their boxy shapes contribute to higher aerodynamic drag in these vehicles. Engineers and designers are now coming up with sophisticated aerodynamic components such as wind deflectors, gap fairings, and side skirts, which can lower the fuel consumption of this vehicle type.
Tremendous innovations are also being made in this vehicle type in relation to using lightweight materials for the manufacturing of these aerodynamic applications. The huge scope of advancement of aerodynamics in HCVs in developing nations is expected to contribute to the higher growth of this vehicle type in the automotive aerodynamics market.
The passive aerodynamic applications have become increasingly important in today’s vehicles. This is because these systems are significant contributors to reduction in fuel consumption in the ICE vehicles and reduction in battery usage in EVs. This is achieved by reducing the drag force on the vehicle. Sometimes such systems are also installed to improve the aesthetic appeal of the vehicle.
The passive system market is already a saturated market for the LDVs and has a decent penetration for the HCVs in developed countries. Also, the lower cost of these systems as compared to active systems makes them a preferred choice of OEMs around the globe, thus making this segment the largest segment in the automotive aerodynamics market.
Some of the key players in the aerodynamic market for automotive are Magna (Canada), Roechling Automotive (Germany), Plastic Omnium (France), SMP Deutschland GmbH (Germany), and Valeo (France).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Technological Overview
6 Market Overview
7 Aerodynamic Market for Automotive, By Electric Vehicle Type
8 Aerodynamic Market for Automotive, By Mechanism
9 Aerodynamic Market for Automotive, By Vehicle Type
10 Aerodynamic Market for Automotive, By Application and Region
11 Competitive Landscape
12 Company ProfilesMagna Exteriors Roechling Automotive Plastic Omnium SMP Deutschland GmbH Valeo SRG Global, Inc. Polytec Holding AG Ap Plasman Inoac Corporation Rehau Group P.U. Tech Industry Sdn.Bhd Brose Fahrzeugteile GmbH & Co. Kg Hbpo GmbH Spoiler Factory Batz, S. Coop. Piedmont Plastics, Inc. Airflow Deflector Inc. Hilton Docker Mouldings Ltd Johnson Electric Holdings Limited Sonceboz
For more information about this report visit https://www.researchandmarkets.com/research/r2gc5k/32_77_bn?w=4
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Related Topics:Electric and Hybrid Vehicles
INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE GENERAL AUTOMOTIVE
SOURCE: Research and Markets
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PUB: 08/22/2018 08:05 AM/DISC: 08/22/2018 08:05 AM