Increase in demand for stylish and fuel-efficient vehicles is expected to propel the market of automotive aerodynamics in the coming years
Heavy commercial vehicle segment is estimated to be the fastest-growing segment of the aerodynamic market for automotive, in terms of value, by 2025
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.
Passive systems segment is estimated to be the largest segment of the aerodynamic market for automotive, in terms of value
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.
RoW is estimated to be the fastest growing market for automotive aerodynamics, in terms of value
RoW is estimated to be the fastest growing region in the aerodynamic market for automotive during the forecast period. The region comprises developing countries such as Brazil, Iran, and South Africa which have witnessed significant growth in the automobile sector in the recent past. Vehicle manufacturers see Brazil as South America’s biggest consumer market with an active economy and are hence focusing on expanding their reach in it. For instance, Nissan started manufacturing its Kicks model locally in Brazilian plant since April 2017 owing to its increased demand. The plant was initially established in April 2014 for manufacturing Micra. The growth of this region’s automotive market can be attributed to the rise in the demand for vehicles, the availability of cheap labor, and low production costs. The aerodynamic market for automotive is expected to grow in line with the increase in automotive production in the region.
The study contains insights provided by various industry experts, ranging from automotive aerodynamic application manufacturers to automobile OEMs and various automotive associations. The break-up of the primaries is as follows:
- By Company Type: OEMs–33%, Tier I–42% and Tier II–25%
- By Designation: C Level–17%, D Level–33% and Others –50%
- By Region: Asia Pacific–58%, Europe–33% and North America–9%
Note: *Others includes sales managers, marketing managers, and product managers.
*Company tiers are based on the value chain; revenues of the companies have not been considered.
Tier 1s are automotive aerodynamic application manufacturers; tier 2s are automotive aerodynamic application component suppliers, Others* are OEMs and tier 3 companies.
Research Coverage
The report covers the aerodynamic market for automotive by application (grille shutter, spoiler, air dam, side skirts, diffuser, wind deflectors, and gap fairing), by EV Type (BEV and HEV), by mechanism (active system and passive system), by vehicle type (light-duty vehicles and heavy commercial vehicles), and region (Asia Pacific, Europe, North America, and Rest of the World).
Reasons to Buy the Report:
The report provides insights into the following points:
- Market Penetration: The report provides comprehensive information on aerodynamic applications offered by the top players in the industry for the automotive market.
- Product Development/Innovation: The report provides detailed insights into upcoming technologies, R&D activities, and new product launches in the aerodynamic market for automotive.
- Market Development: The report offers comprehensive information about the aerodynamic market for automotive. The report analyzes the market for automotive aerodynamic applications across regions and provides comprehensive information about the lucrative emerging markets.
- Market Diversification: The report provides exhaustive information about emerging trends, market dynamics, and investments in the global aerodynamic market for automotive.
Table of Contents
1 Introduction
2 Research Methodology
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 Profiles
List of Tables
List of Figures
Executive Summary
Companies Mentioned
- Airflow Deflector Inc.
- Ap Plasman
- Batz, S. Coop.
- Brose Fahrzeugteile GmbH & Co. Kg
- Hbpo GmbH
- Hilton Docker Mouldings Ltd
- Inoac Corporation
- Johnson Electric Holdings Limited
- Magna Exteriors
- P.U. Tech Industry Sdn.Bhd
- Piedmont Plastics, Inc.
- Plastic Omnium
- Polytec Holding AG
- Rehau Group
- Roechling Automotive
- SMP Deutschland GmbH
- Sonceboz
- Spoiler Factory
- SRG Global, Inc.
- Valeo
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | August 2018 |
| Forecast Period | 2018 - 2025 |
| Estimated Market Value ( USD | $ 23.65 billion |
| Forecasted Market Value ( USD | $ 32.77 billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
