Global Automotive Aerodynamic Market is valued approximately USD 27.53 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.53% over the forecast period 2024-2032. Automotive Aerodynamic refers to the study and application of airflow principles to design vehicles that minimize air resistance (drag) and improve their efficiency, stability, and performance. It involves understanding how air flows around a vehicle's body, components, and systems, and how these aerodynamic properties affect fuel efficiency, handling, stability, noise, and overall vehicle performance. Furthermore, rising emphasis on lightweighting of automobiles is gaining attention towards Global Automotive Aerodynamic Market. Lightweighting efforts typically result in vehicles with lower mass. Lighter vehicles experience less aerodynamic drag as they move through the air, leading to improved fuel efficiency. Automotive manufacturers, in pursuit of better fuel economy and reduced emissions, often invest in aerodynamic enhancements to capitalize on the weight savings achieved through lightweighting. This creates a demand for aerodynamic solutions such as streamlined body designs, active grille shutters, and underbody panels.
The Global Automotive Aerodynamic Market is driven by increasing demand for autonomous vehicles and rising trend of customized aerodynamics across the world. Many autonomous vehicles are designed for highway driving and long-distance travel, where aerodynamic performance becomes even more critical due to the higher speeds involved. Improving aerodynamics helps to reduce wind resistance, enhancing stability, reducing energy consumption, and increasing driving range. In addition, customized aerodynamics can improve the performance characteristics of vehicles, such as handling, stability, and aerodynamic efficiency. Enthusiasts often invest in aftermarket aerodynamic components, such as spoilers, splitters, diffusers, and aerodynamic body kits, to achieve specific performance goals or to enhance the aesthetics of their vehicles. However, the high installation cost of automotive aerodynamic and lack of testing mechanism is going to impede the overall demand for the market during the forecast period 2024-2032.
The key regions considered for the Global Automotive Aerodynamic market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, Asia Pacific was the largest regional market owing to factors such as increasing demand for passenger cars and commercial vehicles across the region. Automakers leverage aerodynamic design as a key selling point to attract customers and gain a competitive edge in the marketplace. This drives the demand for innovative aerodynamic solutions that enable OEMs to differentiate their vehicle offerings and enhance their market position. Furthermore, the market in Asia Pacific, on the other hand, is expected to develop at the fastest rate over the forecast period.
Major market player included in this report are:
- Magna International Inc
- Plastic Omnium Auto Exteriors (I) Pvt Ltd
- SMP Deutschland GmbH
- Valeo SA
- SRG Global, Inc
- Polytec Holding AG
- AP Plasman Inc
- INOAC Corporation
- Rehau Group
- HBPO GmbH
The detailed segments and sub-segment of the market are explained below:
By Application
- Diffusers
- Side Skirts
- Spoilers
- Wind Deflectors
- Grille Shutter
- Air Dam
- Others
By System
- Active System
- Passive System
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1.Global Automotive Aerodynamic Market Definition and Research Assumptions
- 1.1.Research Objective
- 1.2.Market Definition
- 1.3.Research Assumptions
- 1.3.1.Inclusion & Exclusion
- 1.3.2.Limitations
- 1.3.3.Supply Side Analysis
- 1.3.3.1.Availability
- 1.3.3.2.Infrastructure
- 1.3.3.3.Regulatory Environment
- 1.3.3.4.Market Competition
- 1.3.3.5.Economic Viability (Consumer's Perspective)
- 1.3.4.Demand Side Analysis
- 1.3.4.1.Regulatory frameworks
- 1.3.4.2.Technological Advancements
- 1.3.4.3.Environmental Considerations
- 1.3.4.4.Consumer Awareness & Acceptance
- 1.4.Estimation Methodology
- 1.5.Years Considered for the Study
- 1.6.Currency Conversion Rates
Chapter 2.Executive Summary
- 2.1.Global Automotive Aerodynamic Market Size & Forecast (2022- 2032)
- 2.2.Regional Summary
- 2.3.Segmental Summary
- 2.3.1.By Application
- 2.3.2.By System
- 2.3.3.By Vehicle Type
- 2.4.Key Trends
- 2.5.Recession Impact
- 2.6.Analyst Recommendation & Conclusion
Chapter 3.Global Automotive Aerodynamic Market Dynamics
- 3.1.Market Drivers
- 3.2.Market Challenges
- 3.3.Market Opportunities
Chapter 4.Global Automotive Aerodynamic Market Industry Analysis
- 4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
- 4.1.6.Futuristic Approach to Porter's 5 Force Model
- 4.1.7.Porter's 5 Force Impact Analysis
- 4.2.PESTEL Analysis
- 4.2.1.Political
- 4.2.2.Economical
- 4.2.3.Social
- 4.2.4.Technological
- 4.2.5.Environmental
- 4.2.6.Legal
- 4.3.Top investment opportunity
- 4.4.Top winning strategies
- 4.5.Disruptive Trends
- 4.6.Industry Expert Perspective
- 4.7.Analyst Recommendation & Conclusion
Chapter 5.Global Automotive Aerodynamic Market Size & Forecasts by Application 2022-2032
- 5.1.Diffusers
- 5.2.Side Skirts
- 5.3.Spoilers
- 5.4.Wind Deflectors
- 5.5.Grille Shutter
- 5.6.Air Dam
- 5.7.Others
Chapter 6.Global Automotive Aerodynamic Market Size & Forecasts by System 2022-2032
- 6.1.Active System
- 6.2.Passive System
Chapter 7.Global Automotive Aerodynamic Market Size & Forecasts by Vehicle Type 2022-2032
- 7.1.Passenger Vehicles
- 7.2.Commercial Vehicles
Chapter 8.Global Automotive Aerodynamic Market Size & Forecasts by Region 2022-2032
- 8.1.North America Automotive Aerodynamic Market
- 8.1.1.U.S. Automotive Aerodynamic Market
- 8.1.1.1.Application breakdown size & forecasts, 2022-2032
- 8.1.1.2.System breakdown size & forecasts, 2022-2032
- 8.1.1.3.Vehicle Type breakdown size & forecasts, 2022-2032
- 8.1.2.Canada Automotive Aerodynamic Market
- 8.2.Europe Automotive Aerodynamic Market
- 8.2.1.U.K. Automotive Aerodynamic Market
- 8.2.2.Germany Automotive Aerodynamic Market
- 8.2.3.France Automotive Aerodynamic Market
- 8.2.4.Spain Automotive Aerodynamic Market
- 8.2.5.Italy Automotive Aerodynamic Market
- 8.2.6.Rest of Europe Automotive Aerodynamic Market
- 8.3.Asia-Pacific Automotive Aerodynamic Market
- 8.3.1.China Automotive Aerodynamic Market
- 8.3.2.India Automotive Aerodynamic Market
- 8.3.3.Japan Automotive Aerodynamic Market
- 8.3.4.Australia Automotive Aerodynamic Market
- 8.3.5.South Korea Automotive Aerodynamic Market
- 8.3.6.Rest of Asia Pacific Automotive Aerodynamic Market
- 8.4.Latin America Automotive Aerodynamic Market
- 8.4.1.Brazil Automotive Aerodynamic Market
- 8.4.2.Mexico Automotive Aerodynamic Market
- 8.4.3.Rest of Latin America Automotive Aerodynamic Market
- 8.5.Middle East & Africa Automotive Aerodynamic Market
- 8.5.1. Saudi Arabia Automotive Aerodynamic Market
- 8.5.2. South Africa Automotive Aerodynamic Market
- 8.5.3.Rest of Middle East & Africa Automotive Aerodynamic Market
Chapter 9.Competitive Intelligence
- 9.1.Key Company SWOT Analysis
- 9.2.Top Market Strategies
- 9.3.Company Profiles
- 9.3.1. Magna International Inc
- 9.3.1.1.Key Information
- 9.3.1.2.Overview
- 9.3.1.3.Financial (Subject to Data Availability)
- 9.3.1.4.Product Summary
- 9.3.1.5.Market Strategies
- 9.3.2.Plastic Omnium Auto Exteriors (I) Pvt Ltd
- 9.3.3.SMP Deutschland GmbH
- 9.3.4.Valeo SA
- 9.3.5.SRG Global, Inc
- 9.3.6.Polytec Holding AG
- 9.3.7.AP Plasman Inc
- 9.3.8.INOAC Corporation
- 9.3.9.Rehau Group
- 9.3.10.HBPO GmbH
Chapter 10.Research Process
- 10.1.Research Process
- 10.1.1.Data Mining
- 10.1.2.Analysis
- 10.1.3.Market Estimation
- 10.1.4.Validation
- 10.1.5.Publishing
- 10.2.Research Attributes