The “Automotive Wind Tunnel Market to 2025 by Design Types (Closed Circuit and Open Circuit), Testing Type (Model Scale Testing and Full Scale Testing), Component Type (Drive Motor, Compressor, Acoustic Muffler, Air Dryer & Nozzle, and Others), and Application (Cars, Trucks, and Motorcycles) – Global Analysis and Forecast”. The scope of study involves understanding on the factors responsible for this growth of automotive wind tunnel market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant automotive wind tunnel players in the market and their key developments.
Increasing adoption of methods to reduce vehicle pollution and fuel consumption level will drive automotive wind tunnel market by 2025 with a CAGR of 14.2%.
Automotive Wind Tunnel Market to 2025 – Global Analysis and Forecast by Design Types, Testing Type, Component Type, and Application. Automotive Wind Tunnel market is expected to grow to US$ 1,557.5 million by 2025 from US$ 544.8 million in 2017. The global production of the cars is increasing continuously with the increasing demand from the customers owing to increasing urbanization and high disposable income of the population. This increases the demand for the automotive wind tunnels for the proper aerodynamic testing of the vehicles for reduction of the air resistance and aerodynamic noise of the vehicles and increasing the performance of the vehicles.
The global automotive wind tunnel market by geography is segmented into five regions including North America, Europe, Asia Pacific, Middle East & Africa and South America. Europe region is expected to account for the largest share of the global automotive wind tunnel market in 2017, followed by North America. Germany being key country in Europe region will lead automotive wind tunnel market in this region and is also expected to continue dominance throughout the forecast period from 2018 to 2025. 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.
The report focuses on an in-depth segmentation of this market based by boom barrier product type and end-use vertical. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By end-use vertical segment commercial sector accounted for the largest share of the automotive wind tunnel market in 2016; whereas APAC region is expected to grow at the highest CAGR during the forecast period.
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