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The automotive active aerodynamics system market share is expected to increase by USD 3.25 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 16.45%.
This automotive active aerodynamics system market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive active aerodynamics system market segmentations by application (mid-sized vehicles and high performance vehicles) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The automotive active aerodynamics system market report also offers information on several market vendors, including Batz Group, Bayerische Motoren Werke AG, Burelle SA, Daimler AG, Ford Motor Co., General Motors Co, HBPO GmbH, Johnson Electric Holdings Ltd, Koch Industries Inc., Koenigsegg Automotive AB, Magna International Inc., Pagani Automobili Spa, Plasman Plastics Inc., Polytec Holding AG, Porsche AG, Rochling SE and Co. KG, SONCEBOZ SA, and Valeo SA among others.
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The stringent regulations for emission control increase adoption of active aerodynamics systems is notably driving the automotive active aerodynamics system market growth, although factors such as increased weight and complexity of vehicles may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive active aerodynamics system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive Active Aerodynamics System Market Driver
The stringent regulations for emission control increase the adoption of active aerodynamics systems is one of the factors driving the automotive active aerodynamics system market growth. Reducing automotive emissions and fuel consumption are the main objectives behind setting tougher emission norms. Currently, the governments of many countries are working on implementing strict emission norms in response to environmental and health concerns. For instance, the European Union (EU) introduced the Euro VI norms in 2014, according to which nitrogen oxide emissions should not exceed 0.4g/KWh and particulate emissions should not exceed 0.01g/KWh. Such announcements are pushing the automotive OEMs to work toward the adoption of advanced systems such as the automotive active aerodynamics system.
Key Automotive Active Aerodynamics System Market Trend
The use of advanced active grille shutter systems to reduce CO2 emissions from vehicles is one of the key automotive active aerodynamics system market trends fueling the market growth. The active aerodynamics system plays an important role in reducing emissions from modern vehicles. However, the modern active grille system has different operational modes depending on the instructions received from an engine control unit. For instance, the modern active grille system keeps the vents closed while starting from the cold stage. This allows the engine to reach the most efficient operating temperature within a short span of time. Thus, vehicles with the active grille system consume less fuel than vehicles without the active grille system. Ford and Chevrolet are continuously increasing the number of models in which this technology is available, and other automotive OEMs are focused on the adoption of this system.
Key Automotive Active Aerodynamics System Market Challenge
Increased weight and complexity of vehicles is one of the key factors challenging the automotive active aerodynamics system market growth. The automotive active aerodynamics system market saw adoption in high-end sports cars and is witnessing adoption in everyday sedans through automotive OEMs like GM and Ford. For instance, Chevrolet Cruze has shutters in the lower front grille that close at highway speeds. However, the installation of active aerodynamics systems increases the weight and complexity of vehicles. The weight increases due to the presence of electric motors, and the complexity increases due to the need for the automatic adjustment of shutters. In addition, higher efficiency standards set by authorities across the world are making it difficult for automotive OEMs to develop active aerodynamics systems that are efficient and lightweight. This, in turn, will challenge the market growth in the forecasted period.
This automotive active aerodynamics system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global automotive active aerodynamics system market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive active aerodynamics system market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive active aerodynamics system market encompasses successful business strategies deployed by the key vendors. The automotive active aerodynamics system market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive active aerodynamics system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automotive active aerodynamics system market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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32% of the market’s growth will originate from Europe during the forecast period. France, the UK, and Germany are the key markets for the automotive active aerodynamics system market in Europe. Market growth in this region will be faster than the growth of the market in other regions.
The high adoption of luxury cars and pickup trucks will facilitate the automotive active aerodynamics system market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The market in the region witnessed a major decline in 2020, owing to the outbreak of COVID-19. However, the reopening of global markets will offer a favorable environment for automakers in North America to increase their production, which will raise the demand for automotive active aerodynamics systems. Overall, the growth of the market in the region is expected to remain positive during the forecast period.
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The automotive active aerodynamics system market share growth in the mid-sized vehicles segment will be significant during the forecast period. The mid-sized vehicle segment dominates the global automotive active aerodynamics system market owing to technological advances and the increasing penetration of sunroofs in mid-segment passenger cars. There has been a growing demand from end-users to enhance the performance as well as the safety features of passenger cars. Such factors will boost segment growth in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive active aerodynamics system market size and actionable market insights on the post-COVID-19 impact on each segment.
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Automotive Active Aerodynamics System Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 16.45% |
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Market growth 2022-2026 |
$ 3.25 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
16.23 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
Europe at 32% |
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Key consumer countries |
US, China, France, UK, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Batz Group, Bayerische Motoren Werke AG, Burelle SA, Daimler AG, Ford Motor Co., General Motors Co, HBPO GmbH, Johnson Electric Holdings Ltd, Koch Industries Inc., Koenigsegg Automotive AB, Magna International Inc., Pagani Automobili Spa, Plasman Plastics Inc., Polytec Holding AG, Porsche AG, Rochling SE and Co. KG, SONCEBOZ SA, and Valeo SA |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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