Global Aerodynamic Market: Overview
The global market for aerodynamics is prognosticated to be expanding at a noteworthy rate owing to the rise in demand for fuel-efficient and stylish vehicles in the current scenario. Aerodynamics is the scientific branch of dynamics that associated with motion of air and other such gaseous fluids. This forces act on bodies that are in motion and are related to such fluids. Vehicles with aerodynamic design or shape runs faster. And since the air passes over the vehicle more easily, it uses less fuel as compared to other vehicles.
There are different variations to the global aerodynamic market based on application, EV type, mechanism, and vehicle type. On the basis of application, the global aerodynamic market is categorized into gap fairing, wind deflectors, diffusor, side skirts, air dam, spoiler, and grille shutter. With respect to EV type, the market is segmented into HEV and BEV. Based on segmentation by mechanism, the global aerodynamic market is classified into passive system and active system. On the basis of vehicle type, the market is divided into heavy commercial vehicles and light duty vehicles.
The report presented above is a complete evaluation of the global aerodynamic market with major focus on market dynamics. It also includes the market drivers, restraints, and trends and opportunities. The above presented report also offers geographical and other segmentation of the market.
Global Aerodynamic Market: Trends and Opportunities
The major factors driving the aerodynamics market at a global level is the increasing demand for sophisticated and faster vehicles. Along with that, there is also an increased demand for reduced weight of the vehicles with better mileage. Overall there is more preference for rising stability of the vehicles in the aerodynamics sector.
At present the cost of installation of these systems is high which may act as a hindrance to the market. Along with that the fact that there is difference of opinions between However, it is expected to lower down in the next few years with the rise in adoption of cost-efficient and economy LDVs along with the luxury HCVs.
Global Aerodynamic Market: Regional Analysis
The global aerodynamic market is classified geographically into the regions of North America, South America, Asia Pacific, Middle East and Africa and the Rest of the World. Among these, North American region is witnessed to be dominating the overall market. On the other hand, the Asia Pacific region is also expected to be growing at faster rate both in terms of value as well as volume. As per reports, the Asia Pacific region is expected to have market share of about more than 50% of the global automobile production. Apart from that the rise in disposable incomes in growing economies like China, India, and Japan are also helping in increasing in more people opting for their personal vehicles in the Asia Pacific region. Adding to that, the fact that these developing regions are facing rise in their disposable income is also bringing growth in strict rules in order to control emissions are also boosting the overall market for aerodynamics in Asia Pacific region.
Global Aerodynamic Market: Competitive Analysis
Prominent players of the global aerodynamics market are SMP Deutschland GmbH (Germany), Valeo (France), Plastic Omnium (France), Magna (Canada), and Roechling Automotive (Germany). The report studies in detail various strategies that are adopted by these companies and gauges the impact of the same on the overall aerodynamics market. It also conducts analysis in order to study the strengths and weaknesses of the companies that are profiled.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.