Robust growth in passenger car production globally to drive the adoptions of automotive wind tunnel whose market is forecasted to grow at a CAGR of 14.2%
Published Date : 13/03/2018
According to a new market research study titled 'Automotive Wind Tunnel Market to 2025 - Global Analysis and Forecasts by design types, testing type, component type, and application, the global automotive wind tunnel market was valued at US$ 544.8 Mn in 2017 and is estimated to reach US$ 1,557.5 Mn by 2025. The report highlights the trends prevalent in the global automotive wind tunnel market and the factors driving the market along with those that act as deterrents to its growth.
One of the major reasons for high adoption of automotive wind tunnel is the robust growth in the passenger car production globally. The global passenger car production has grown at a CAGR of 3.8% in the last five years to reach 72.1 Mn units in 2016 according to the International Organization of Motor Vehicle Manufacturers. Supported by the large, growing vehicle consumers, this growth rate is expected to be double by 2025. The Wind tunnels offers a platform to test the aerodynamic performance of a car which helps to reduce fuel consumption and vehicle pollution. Taken together, the significant value contribution of Wind tunnels per vehicle and robust growth in vehicle production.
The global automotive wind tunnel market has been segmented on the basis of design types into closed circuit and open circuit. On the basis of testing type, the automotive wind tunnel market is categorized into model scale testing and full scale testing. On the basis of component type, the automotive wind tunnel market is segmented into drive motor, compressor, acoustic muffler, air dryer & nozzle, and others. The global automotive wind tunnel market on the basis of application is segmented into cars, trucks, and motorcycles. Geographically, the global automotive wind tunnel market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
The car application is expected to witness a rapid growth and drive the growth of automotive wind tunnel market. The key players profiled in the report are A2 Wind Tunnel, AUDI AG, Auto Research Center, DNW< FKFS. HORIBA MIRA Ltd, MAHLE GmbH, Mercedes Benz, Mitsubishi Heavy Industries Ltd., and RUAG Holding AG.
Global Automotive Wind Tunnel Market Breakdown by Regions, 2017 (%)
Source: The Insight Partners Analysis
The report segments the global Automotive Wind Tunnel market as follows:
Global Automotive Wind Tunnel Market - By Design Type
Global Automotive Wind Tunnel Market - By Testing Type
Model Scale Testing
Full Scale Testing
Global Automotive Wind Tunnel Market - By Component Type
Air Dryer & Nozzle
Global Automotive Wind Tunnel Market - By Application
Global Automotive Wind Tunnel Market - By Geography
Rest of Europe
Asia Pacific (APAC)
Rest of APAC
Middle East & Africa (MEA)
Rest of MEA
South America (SAM)
Rest of SAM