The Global Aerodynamic Market for Automotive is projected to reach around USD 35.6 billion by 2027 at a CAGR of around 4.4%.
Aerodynamic is a study that is associated with moving objects through air and a force is developed by relative motion between the surface of body and air. Automobiles with aerodynamic shape or design run faster. And since the air passes over the vehicle more easily, it uses less fuel as compared to other vehicles. The benefits of aerodynamic in vehicles increases stability and helps in reducing noise level. It also adds a stylish appearance to the vehicle.
Market Driver:
Aerodynamic sources are important for both vehicle interior and exterior noise. Noise can be controlled by using pneumatic silencers, quiet fan technology, and quiet air nozzles from aerodynamic sources. Noise is an immense ecological problem which also endangers human health. It increases blood pressure and results in disorders of the nervous, digestive, and cardiovascular system. Hence, to promote better health, the European Parliament and the Council of Europe proposed new noise limits for road vehicles by adopting new noise testing methods.
Hence, strict regulations imposed on vehicle noise limits are expected to boost the aerodynamic market for automotive growth.
The aerodynamic lift process helps in a weight reduction of the vehicle and also reduces fuel consumption. By using aerodynamic components like gap fairings, side skirts and wind deflectors can lower the fuel consumption in vehicles. Also, automotive manufacturers are focusing on using lightweight materials like magnesium, aluminum, and polymer matrix composites (PMCs) for manufacturing of these components which helps in vehicle weight reduction and increases fuel efficiency.
Thus, increasing the fuel-efficiency of vehicles is anticipated to drive the market growth during the forecast period.
Market Restraint:
The growth of this market is hampered owing to the high integration cost of the material, designing, and products used in the development of maintaining aerodynamic efficiency. To reduce vehicle weight, lightweight materials like magnesium, aluminum is used in aerodynamic components. The cost of raw material, uncertain shortage, and supply-demand gaps have a negative impact on the aerodynamic automotive market. Furthermore, the lack of a constant supply of raw materials results in increasing raw material prices which, escalates the overall product price.
Thus, high integration cost is a restraining factor for the aerodynamic market for automotive growth during the assessment period.
The report on the aerodynamic market for automotive covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
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Base Year for Market Calculation |
2019 |
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Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
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Measured Units |
Value (USD Million), Volume (Units) |
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Segments Included |
Mechanism, Application, and Vehicle-Class |
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Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South Africa |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Aerodynamic Market for Automotive, by Mechanism
Aerodynamic Market for Automotive, by Application
Aerodynamic Market for Automotive, by Vehicle-Class
Aerodynamic Market for Automotive, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE AERODYNAMIC MARKET FOR AUTOMOTIVE STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY
