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(USGovernment-News.Com, February 26, 2019 ) 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.
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