Aerodynamic Market for Automotive: Key Highlights
Aerodynamic Market for Automotive: Key Market Dynamics
Aerodynamic Market for Automotive: Regional Overview
The growth in Asia-Pacific region is attributed to the high production and sales of automobiles and the adoption of electric vehicles, that will penetrate the high usage of the aerodynamic study. Furthermore, stringent regulations in lowering CO2 emission and purchasing power of consumers will drive the market growth. A prominent country like China accounts for the largest automobile share in this region which is expected to boost the growth for the aerodynamic market for automotive.
In Europe, the increasing vehicle production, customers’ preference towards luxury and sports cars have resulted in propelling the aerodynamic market for automotive growth. Moreover, the growing adoption of electric vehicles will boost the market growth. Furthermore, Germany, UK, and France hold the major share for automobile production which indirectly propels the aerodynamic market for automotive growth in this region.
Aerodynamic Market for Automotive: Key Players Overview
Magna International Inc. manufactures automotive parts and offers chassis structures, body exteriors, lighting, seating, transmissions, and fuel systems. In April 2019, the company continues to grow its presence in China by starting its production on active aerodynamic grille shutters in its Shanghai plant. Also, Magna started a new plant in Changsha, a joint venture with GAC subsidiary GAC Component Co., Ltd. (GAC Component) produces lightweight, composite liftgates for the fast-growing market.
Valeo is a France-based company that manufactures and designs automotive components. The company supplies clutches, lighting, engine cooling parts, windshield wipers, electrical systems, security systems, electronics, motors and actuators, and connective systems. In December 2019, the company signed up an agreement with Serfac Limited for the production of its new HydroConnectTM blades.
About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of market research reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets.
Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. We strive to help our clients to foray into uncharted space to attain increased revenue growth for the present as well as the future.
Phone: +1 (720) 306 9020