Aug 30, 2017   SOURCE: PR NewsWire

Global Automotive Wind Tunnel Testing Equipment Market - Forecast to Decline at a CAGR of 16.6% 2017-2021

DUBLIN, August 30, 2017 /PRNewswire/ --

The "Global Automotive Wind Tunnel Testing Equipment Market 2017-2021" report has been added to Research and Markets' offering.

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The global automotive wind tunnel testing equipment market to decline at a CAGR of 16.64% during the period 2017-2021

Global Automotive Wind Tunnel Testing Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is mobile aero-acoustic wind tunnel. The cost of building an automotive wind tunnel is very high and the testing can be done only in the few places where the test facilities are present. There are many manufacturing facilities available but it is not possible to build a wind tunnel testing facility near every place. The cost involved in transporting the vehicles to the test facility is high, which increases the overall cost of research.

According to the report, one driver in the market is the cost pressure faced by OEMs. Auto OEMs face immense cost pressure because of the rapid changes in government regulations and increasing demand from consumers. The environmental concerns and safety standards are pressurizing the OEMs to adhere to the regulations without transferring the additional cost to the consumers. Controlling the emissions would increase the cost of the vehicle. For instance, the US CAFE standards, which became effective from 2016 have increased the manufacturing cost of a vehicle by $1,000.

Further, the report states that one challenge in the market is high cost of setting up wind tunnel test facility. Automotive wind tunnel testing equipment are considered capital-intensive. In addition to this, setting up a testing facility is all the more expensive. The capital intensity of the test equipment makes it unaffordable for many manufacturing units and testing centers, which are likely to challenge the growth of the market. The need for upgraded wind tunnel testing facility and the huge cost involved in setting up of the aerodynamic test facility hinders the growth of the market. Therefore, the expensive nature of the testing machine restrains the potential growth of the market.

Key Vendors

    --  Horiba Mira
    --  Mitsubishi Heavy Industries
    --  Mahle GmbH
    --  FKFS

Other Prominent Vendors

    --  Glenn L. Martin
    --  Windshear
    --  Auto Research Center
    --  LTG
    --  Toyota Motorsport

    --  Others

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Revenue Source

Part 07: Geographical Segmentation

Part 08: Decision Framework

Part 09: Drivers And Challenges

Part 10: Market Trends

Part 11: Vendor Landscape

Part 12: Key Vendor Analysis

Part 13: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/ngwqjz/global_automotive

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