Global Automotive Aerodynamics Market to Reach $29.4 Billion by 2026

SAN FRANCISCO, Aug. 18, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Automotive Aerodynamics - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 5; Released: April 2021
Executive Pool: 563
Companies: 17 - Players covered include Valeo SA; Johnson Electric Holdings Ltd.; Rehau Group; Inoac Corporation; HBPO GmbH; Piedmont Plastics; Brose Fahrzeugteile GmbH & Co. KG; Sonceboz SA; AirFlow Deflector; Ap Plasman; Batz S. Coop.; Spoiler Factory; SRG Global; P.U. Tech Industry Sdn.Bhd; Hilton Docker Mouldings LTD; Magna Exteriors; Roechling Se Co. KG; SMP Deutschland GmbH and Others.
Coverage: All major geographies and key segments
Segments: Application (Grille Shutter, Spoiler, Air Dam, Side Skirts, Diffuser, Wind Deflectors, Gap Fairing); EV Type (BEV, HEV); Vehicle (Light Duty Vehicles, Heavy Commercial Vehicles)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Automotive Aerodynamics Market to Reach $29.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Automotive Aerodynamics estimated at US$24.1 Billion in the year 2020, is projected to reach a revised size of US$29.4 Billion by 2026, growing at a CAGR of 3.3% over the analysis period. Grille Shutter, one of the segments analyzed in the report, is projected to record a 3.9% CAGR and reach US$9.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Spoiler segment is readjusted to a revised 2.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $6.7 Billion in 2021, While China is Forecast to Reach $6 Billion by 2026
The Automotive Aerodynamics market in the U.S. is estimated at US$6.7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$6 Billion by the year 2026 trailing a CAGR of 6.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.9% and 2.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.

Air Dam Segment to Reach $6.3 Million by 2026
In the global Air Dam segment, USA, Canada, Japan, China and Europe will drive the 2.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4 Billion in the year 2020 will reach a projected size of US$4.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$877.5 Million by the year 2026, while Latin America will expand at a 4% CAGR through the analysis period. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.