Aerodynamic Market Hit New Highs in Near Future by 2018-2025

Published: Wed Aug 29 2018

The Aerodynamic Market for automotive is projected to grow at a CAGR of 4.77% during the forecast period, to reach USD 32.77 billion by 2025. The market growth is primarily driven by factors such as the increase in demand for vehicles with lesser noise emissions, the stringent emission norms about carbon emissions, and the rising demand for fuel-efficient and stylish vehicles.
Light Duty Vehicle segment is estimated to be the largest segment of the automotive aerodynamic market

Various technological advancements are being carried out in the light-duty vehicle segment, particularly in the high-end luxury passenger cars that are nowadays equipped with the active aerodynamic system functioning as per the needs of the vehicle. The passive aerodynamic systems market has already been saturated for this vehicle type. Also, the high production volumes of this vehicle type as compared to heavy commercial vehicles is a major factor contributing to the high market share of light-duty vehicles in the automotive aerodynamics market.

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The HCV segment is estimated to be the fastest growing market, in terms of value, in the automotive aerodynamic market. Currently, most of the HCVs have boxy shapes and hence, are not aerodynamically efficient. This is because, for a long time, OEMs have been majorly focusing on the highest carriage capacity while designing these vehicles. Fuel economy has not been a cause for concern with this vehicle type for a long time. However, with the increasing emission norms specifically formulated for heavy-duty vehicles in various parts of the world, such as North America, the European Union, and Asia, HCV manufacturers have started to drive their attention toward improving the aerodynamics of their models and comply with the emission standards. In Europe and North America, HCV manufacturers are relying on aerodynamics to improve the fuel economy and stability of their models. There is, however, a lot of scope for the improvement of aerodynamics in HCVs in the developing countries.

The aerodynamic market for automotive is dominated by a few globally-established players such as Magna (Canada), Roechling Automotive (Germany), Plastic Omnium (France), SMP Deutschland GmbH (Germany), and Valeo (France).

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The BEV segment is projected to be the fastest-growing segment of the aerodynamic market for automotive. This segment is estimated to have the highest growth potential in the aerodynamic market for automotive, especially in North America, which is projected to have the highest growth in sales of BEVs. With the BEV manufacturers focusing on increasing the vehicle range on a single charge, as well as the exponentially increasing BEV sales around the globe because of the emission regulations, the automotive aerodynamic market for this segment is bound to skyrocket.

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