Report Id: SNS/AUTO/2163 | July 2022 | Region: Global | 129 Pages
Report Scope & Overview:
Automotive Active Spoiler Market Size was valued at USD 3.62 billion in 2021 and is expected to reach USD 5.62 billion by 2028 and grow at a CAGR of 6.5% over the forecast period 2022-2028.
The automobile active rear spoiler is a device that is used in automotive aerodynamics. Its purpose is to prevent undesirable movement across the body of the vehicle while it is in motion or while it is experiencing turbulence or drag. Automobile manufacturers view aerodynamics as a crucial way of improving vehicle design and efficiency, as well as meeting more stringent regulations for fuel economy. Active rear spoilers in automobiles are among the most important components in the aerodynamic design of modern vehicles.
In comparison to fiberglass, ABS plastic gives excellent durability and strength to the vehicle’s active rear spoiler, even though ABS plastic is heavier and more expensive. Fiberglass, ABS, silicone, and carbon fiber are some of the lightweight materials used to construct Active Spoilers. Because of its wide availability, lightweight, temperature resistance, and strength, fiberglass is the material of choice for most spoilers. In addition to fiberglass, the active spoiler can also be made of ABS plastic, which is more durable and less rigid than fiberglass. However, ABS material is more expensive than fiberglass.
In 2021, AUDI developed the sliding wing technology and patented it by the United States Patent and Trademark Office (USPTO) with the intention of enhancing the aerodynamics of SUVs and so reducing the amount of drag they experience.
The increasing use of lightweight active rear spoilers in passenger vehicles boosts the market growth.
The increasing use of preventive measures like periodic vehicle maintenance affects the market.
Government restrictions to reduce vehicle emissions aid industry growth.
A high base will make it difficult for the market to expand.
The installation prices for active rear spoilers will function as a barrier to the expansion of the market.
Active rear spoilers are made with the latest technology. They help reduce drag and save gas.
The high number of active rear spoilers installed in high-end luxury and sports cars.
The Market will face significant headwinds from changing OEM preferences.
The active spoiler market is expected to be challenged by government speed limits on roads.
IMPACT OF COVID-19:
The Automotive Active Rear Spoiler supply chain was interrupted as a result of lockdowns in various parts of the world in the year 2020 and continued restrictions in the year 2021, which presented issues for manufacturers working in the Automotive Active Rear Spoiler business. The Automotive Active Rear Spoiler Market is anticipated to face a number of significant obstacles over the course of the forecast period. These challenges are anticipated to take the form of intense rivalry, fluctuating prices, and evolving preferences among OEMs. Demand in the Automotive Active Rear Spoiler market will be supported by the rapid recovery of economies in developing countries, which will result in higher levels of discretionary money.
KEY MARKET PLAYERS:
AUDI AG (Germany), Bugatti Automobiles (France), BMW AG (Germany), Porsche AG (Germany), Daimler AG (Germany), Lexus (Japan), McLaren (UK), Koenigsegg Automotive AB (Sweden), Pagani Automobili (Italy), and Ferrari (Italy) are some of the affluent competitors with significant market share in the Automotive Active Spoiler Market.
Market, By Technology Type:
The global market has been divided into Blow Molding, Injection Molding, and Reaction Injection Molding based on the technology type segment. Blow-molded rear spoilers hold 38.6% of the market. The category is expected to increase at a CAGR of 7.7% during the forecast years due to the low price of this technology compared to other automobile rear spoiler technologies. Blow molding may be employed with multiple raw materials, which is expected to add 185 BPS in the next years.
Market, By Material Type:
The global market has been divided into ABS, Plastics, Carbon Fiber, Fiberglass, Sheet Metal, and Others Based on the material type segment. Plastics account for 29.9 percent of the total market share. This segment is expected to increase at a CAGR of 7.6% due to the low cost and availability of plastic material for creating rear spoilers.
Market, By Vehicle Type:
The global market has been divided into passenger cars and commercial vehicles based on the vehicle type segment. Passenger car active rear spoilers are designed to maximize downforce at high speeds while minimizing drag coefficient (Cd) at low speeds. In commercial vehicles, an active rear spoiler is utilized for the purpose of improving aerodynamics.
By Technology Type:
Reaction Injection Molding
By Material Type:
By Vehicle Type:
The market is divided into North America, Latin America, Europe, Asia-Pacific, the Middle East, and Africa. Demand in North America is expected to go up a lot over the next few years because fuel prices are going up a lot, the number of millennials is growing, and people want convenience more and more. Over the next few years, the market is also likely to grow because people are becoming more interested in modern lifestyles and their living standards are going up. The U.S. automotive industry has been a big part of this regional share, which will be followed by Mexico, Canada, and Brazil. Automakers are putting a lot of money into Latin America to take advantage of its growing middle class and growing car market. During the forecast period, Brazil is expected to keep being one of the fastest-growing markets for cars.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 3.62 Billion|
|Market Size by 2028||US$ 5.62 Billion|
|CAGR||CAGR of 6.5% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Technology Type (Blow Molding, Injection Molding, Reaction Injection Molding)
• by Material Type (ABS, Carbon Fiber, Fiberglass, Sheet Metal, Others)
• by Vehicle Type (Passenger Cars, Commercial Vehicles)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||AUDI AG (Germany), Bugatti Automobiles (France), BMW AG (Germany), Porsche AG (Germany), Daimler AG (Germany), Lexus (Japan), McLaren (UK), Koenigsegg Automotive AB (Sweden), Pagani Automobili (Italy), and Ferrari (Italy)|
|Key Drivers||•The increasing use of lightweight active rear spoilers in passenger vehicles boosts the market growth.
•The increasing use of preventive measures like periodic vehicle maintenance affects the market.
|RESTRAINTS||•A high base will make it difficult for the market to expand.
•The installation prices for active rear spoilers will function as a barrier to the expansion of the market.
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of the Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Active Spoiler Market Segmentation, By Technology Type
8.1 Blow Molding
8.2 Injection Molding
8.3 Reaction Injection Molding
9. Global Automotive Active Spoiler Market Segmentation, By Material Type
9.2 Carbon Fiber
9.4 Sheet Metal
10. Global Automotive Active Spoiler Market Segmentation, By Vehicle Type
10.1 Passenger Cars
10.2 Commercial Vehicles
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Daimler AG (Germany),
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 AUDI AG (Germany)
12.3 Bugatti Automobiles (France)
12.4 BMW AG (Germany)
12.5 Porsche AG (Germany)
12.6 Lexus (Japan)
12.7 McLaren (UK)
12.8 Koenigsegg Automotive AB (Sweden)
12.9 Pagani Automobili (Italy)
12.10 Ferrari (Italy)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
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