The global automotive wind tunnel market is US$ 544.8 million in 2017 and is estimated to reach US$ 1,557.5 million by 2025. The automotive wind tunnel market has experienced high growth and adoption rate in the last few years and is also expected to experience a significant growth and adoption rate in years to come. One of the major reasons for high adoption of automotive wind tunnel is the robust growth in the passenger car production globally. Increasing economy of several countries and growing urbanization is leading to growth in the disposable income of the population. This is leading to high lifestyle in the urban cities, which is increasing the need for the passenger cars globally. These factors are leading to global increase in the passenger car production. As this is increasing, several automotive companies are coming with new models and new technologies in the automotive market. For effective sales of the cars, the car must pass all the test that includes the aerodynamic testing that increases the speed of the vehicles and reduces the air resistance to the vehicles for better performance.
However high capital requirement for offering high-end manufacturing capabilities could act as restraining factor in the market. The high end automotive wind tunnels require high capital investments for component manufacturing developed by a limited number of suppliers. Growing demand for light weight components and enhanced safety features are mandating the adoption of advanced manufacturing and fabrication techniques. However, as the capital required for maintaining such production standards is high, only few players can fulfill the demands of OEMs.
The component type of automotive wind tunnel have been broadly categorized into following five categories as Drive Motors, Compressor, Acoustic Muffler, Air Dryer & Nozzle, and Others. Five major geographical regions considered within the scope of this market are North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM).
Some of the major players influencing automotive wind tunnel market are FKFS, HORIBA MIRA Ltd., MAHE GmbH, AUDI AG, Mercedes Benz, and Mitsubishi Heavy Industries Ltd. Also, A2 Wind Tunnel, Auto Research Center, DNW, and RUAG Holding AG are other key companies in the automotive wind tunnel market. Many companies are investing in various initiatives such as expansion and acquisition to get the competitive advantage over their competitors and stay ahead in the market.
Less air resistance help reduce emissions and increase fuel efficiency along with engines’ power output, generally by bringing down the engine size. Various emission standards set up by governments and various organizations, such as EURO 6 in European Union, Environment Protection Agency (EPA) in North America, and Bharat Stage Emission Standards in India, have led toward compliance to these standards by vehicle manufacturers in their respective regions. All these standards focus on lower the emission of carbon dioxide (CO2), nitrogen monoxide (NOx), particulate matter (PM), and nonmethane hydrocarbons (NMHC) among others. The aforementioned standards of emission have led to the invention of new technologies aiming to reduce the emission of these harmful gasses from vehicles’ combustion engine.
An aerodynamically efficient vehicle help downsize a vehicle’s drag, which in turn burns less fuel and emits less harmful gases. Wind is the major resistance of a moving object and by proper design to penetrate wind blast would finally help in reducing wind drag. Manufacturers nowadays spend a lot of time in designing the vehicle to allow wind to pass by them without stopping them. Additionally, the Corporate Average Fuel Economy (CAFÉ) Standards that determine the average fuel economy obtained by a vehicle also aid the growth of the wind tunnel market. The CAFÉ Standards require that every single auto manufacturer manufacture a variety of trucks and cars that, together, average a set minimum number of miles per gallon. These standards are generally achieved by redirecting the airflow in a systematic manner, which in turn reduces the vehicles’ air resistance capacity, a factor that directly correlates with its fuel efficiency.
Only a handful of players dominate the global automotive wind tunnel market owing to high capital investment in the setup of automotive wind tunnel. Few of the player that are operating successfully in global automotive wind tunnel market space are AUDI AG, Mercedes Benz, HORIBA MIRA Ltd., FKFS, and others.
Major market initiatives were observed in the Europe region. The primary reasons for the development of automotive wind tunnel in Europe is attributed to the high number of automotive industries in the region, especially in Germany that produces high-end vehicles that require proper testing before launching in the market for better performance and better sales as compared to other players in the market.
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