Global Automotive Wind Tunnel Testing Equipment Market 2017-2021

Overview of the automotive wind tunnel testing equipment market

Research analysis on the global automotive wind tunnel testing equipment market identifies that the cost pressure faced by OEMs will be one of the major factors that will have a positive impact on the growth of the market. Automotive manufacturers battle immense cost pressures due to the rapid changes in government regulations and the increasing demand from consumers. The environmental concerns and safety standards are compelling OEMs to adhere to the regulations without transferring the additional cost to the consumers. The cost pressure to OEMs will further increase due to the consumer demand for advanced technological additions in their vehicles at competitive prices. To cater to the consumer requirements, OEMs would invest in R&D activities for decreasing the production costs. As a result, production process improvements would always remain important for the automotive industry, which will drive the need for automotive test equipment. This will have a positive impact on the global automotive wind tunnel testing equipment market. Technavio's market research analysts predict that this market will grow at a CAGR of around 17% by 2021.

The emergence of mobile aero-acoustic wind tunnel is one of the latest trends that will contribute to the growth of this market in the forthcoming years. The cost of building an automotive wind tunnel is very high and the testing can be done only in few places where the test facilities are available. Also, the cost involved in transporting the vehicles to the test facility is high, which further increases the overall cost of research. To overcome this, the automotive manufacturer Ford has built a low-cost mobile wind tunnel for reducing the traveling time of the vehicle around the country when it is in the research phase. The mobile aero-acoustic wind tunnel is a testing facility which is built at very low cost and it can be moved around the country. The mobile aero-acoustic wind tunnel is about the size of two 53-foot containers, which can be fitted and disassembled within hours of time. This cost effective and movable wind tunnel, which can perform the basic aerodynamic testing is a new trend in the automotive wind tunnel test equipment market.

Competitive landscape and key vendors  

The automotive wind tunnel test equipment market consists of different range of vendors such as testing facility providers and vendors designing and constructing wind tunnel testing facilities as turnkey projects. As they have experience in the wind tunnel testing and in the construction of facilities, these vendors also have their own testing facilities for aerodynamics testing. The competition among the service providers of wind tunnel test facilities will increase since there is an rise in demand for higher capacity facility from OEMs.

The leading vendors in the market are -

• HORIBA MIRA
• Mitsubishi Heavy Industries
• MAHLE
• FKFS

The other prominent vendors in the market are Glenn L. Martin, Windshear, Auto Research Center, RUAG, DNW, Aiolos, A2 Wind Tunnel, Fondmetal Technologies, Lexus, LTG, and Toyota Motorsport.

Segmentation by revenue source and analysis of the automotive wind tunnel testing equipment market

• Service providers
• New facility construction

During 2016, the new facility construction segment accounted for the major shares of the automotive wind tunnel testing equipment market. Factors such as the the increasing demand for the high-performance cars, which forces the OEMs to conduct aerodynamics testing for all the new cars and upgraded versions of the cars will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the automotive wind tunnel testing equipment market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market throughout the forecast period. The high adoption of high-performance vehicles in the developing countries such as China and India and the focus of manufacturers to shift their production units to the region owing to cost benefits, will drive the growth of the market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive wind tunnel testing equipment market?
• What are the key market trends impacting the growth of the global automotive wind tunnel testing equipment market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive wind tunnel testing equipment market?
• What are the market opportunities and threats faced by the vendors in the global automotive wind tunnel testing equipment market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive wind tunnel testing equipment market?

Technavio also offers customization on reports based on specific client requirement.

A wind tunnel is a system largely used to comprehend the effects of air moving in relation to solid objects. This impending industry research report on the global automotive wind tunnel testing equipment market offers insights into the key trends and emerging drivers influencing the growth of the automotive industry. Our market research reports for the automotive also industry follow a scrupulous data collection methodology and offer an analysis of fast growing market segments like automotive services.

By considering the market forecast and size, surging demand for various automotive services, the market research experts at Technavio offer an all-inclusive picture of the automotive wind tunnel testing equipment market for the estimated period of 2017 to 2021. Furthermore, our research practices support clients devise effective growth strategies and compete with the continually changing market landscape. This market study also offers an extensive analysis of various services based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders. This upcoming market research report on the automotive wind tunnel testing equipment market also covers vendors like MIRA, DNW, Glenn L. Martin, Wind Shear, and Auto Research Center.

This upcoming industry report on the automotive wind tunnel testing equipment market also considers the growth of the related markets such as the automotive inspection tunnels market, which is expected to grow at a CAGR of above 72% during the forecasted period. According to our research analysts, the capability of wind tunnels to simulate ground effects at high speed is expected to impact the automotive wind tunnel testing equipment market during the next few years. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the automotive wind tunnel testing equipment market also covers geographies like the Americas, APAC, and EMEA.

The impending industry research report for the automotive wind tunnel testing equipment market also categorizes the key drivers, major trends, as well as the restraints that the automotive services sector currently experiences. It also presents insights into the dynamically changing competitive scenario to give clients a complete view of the industry. Technavio also provides in-depth market assessments into the sectors such as automotive components and automotive electronics.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.