According to the TechSci Research report titled “Automotive Aquaplaning Solution Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027,” the global automotive aquaplaning solution market is expected to experience impressive growth in the forecast period, from 2023 to 2027. This growth is driven by an increase in automobile production and sales across various vehicle segments, as well as growing competition among tire manufacturers. Driving automobiles in rainy conditions can result in road accidents, and aquaplaning solutions are sought after to address this issue. Tires in automobiles need to have a tread pattern to expel water effectively while driving on wet roads at high speeds. Aquaplaning occurs when a layer of water builds up between the vehicle’s wheels and the road surface, causing a loss of traction and making the vehicle difficult to control. Automotive manufacturers are implementing aquaplaning solutions to enhance driver control, safety, and comfort while driving.
However, the high cost of manufacturing this technology may limit the growth of the global automotive aquaplaning solution market.
The global automotive aquaplaning solution market is segmented by vehicle type, propulsion, company, and regional distribution.
Based on vehicle type, the market is divided into two-wheelers, passenger cars, LCVs, and M&HCVs. Two-wheelers are expected to hold the largest market share during the forecast period (2023-2027). Consumers prefer two-wheelers for their maneuverability in dense traffic and affordability compared to four-wheelers. However, two-wheelers are more prone to skidding and accidents in rainy or flooded areas. To improve vehicle performance and safety in such conditions, manufacturers are investing in aquaplaning solutions. The anticipated launch of two-wheelers equipped with aquaplaning solutions is expected to attract many customers, as this technology is novel and effective.
Based on propulsion, the market is divided into ICE (Internal Combustion Engine) and electric vehicles. ICE propulsion currently dominates the market and is expected to maintain its dominance throughout the forecast period. ICE-powered vehicles are in high demand among consumers due to their affordability and widespread availability. As aquaplaning solutions gain popularity, market players are actively installing them in ICE-powered automobiles, further driving the market’s growth.
In terms of regional analysis, North America is projected to hold the largest market share during the forecast period. The region benefits from a well-developed technology infrastructure and the presence of major market players. Increasing consumer awareness about road safety and the implementation of government regulations to ensure safer driving conditions are expected to boost the demand for automotive aquaplaning solutions in the region.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on “Global Automotive Aquaplaning Solution Market”
Major market players operating in the global automotive aquaplaning solution market are :
- Continental AG
- Robert Bosch GmbH
- Easyrain i.S.p.A.
- Italdesign Giugiaro S.p.A.
- Volkswagen AG
“OEMs’ rapid adoption of cutting-edge technology to stay ahead in the market by offering product differentiation to customers by integrating innovative solutions focusing on enhancing the experience and performance of vehicles are expected to create lucrative opportunities for market growth. Infrastructural growth in developing economies boosts the demand for construction and commercial vehicles. The high demand for high-performance tires is paving the way for installing aquaplaning solutions in automobiles. High-end investments by market players, increasing vehicle fleet, and rise in the number of market players offering innovative road safety solutions are expected to propel the global automotive aquaplaning solution market till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Automotive Aquaplaning Solution Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Vehicle Type (Two-Wheeler, Passenger Car, LCV, and M&HCV), By Propulsion (ICE, Electric), and By Region”, has evaluated the future growth potential of global automotive aquaplaning solution market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global automotive aquaplaning solution market.
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