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Germany $58 Billion Automotive Components Market Competition Forecast and Opportunities, 2021 -
The automotive components market in Germany is forecast to generate revenues of USD58 billion by 2021. Presence of leading automotive OEMs in the country is anticipated to augur well for automotive components market in Germany through 2021. Germany Automotive Components Market Outlook5. Germany Passenger Car Components Market Outlook6. In 2015, passenger car segment accounted for the lion's share in the country's automotive components market.
As the automotive active aerodynamics system reduces emissions and increases fuel efficiency, the automotive active aerodynamics system market is driven by the implementation of such emission norms. The analysts forecast the global automotive active aerodynamic systems market to grow at a CAGR of 10.02% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global automotive active aerodynamic systems market for 2017-2021. However, the installation of the active aerodynamics system increases the weight and complexity of vehicles. Further, the report states that the automotive active aerodynamics system saw adoption in high-end sports cars and is witnessing adoption in everyday sedans through automotive OEMs like GM and Ford.
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