Automotive Active Spoiler Market size was valued at USD 3.96 billion in 2023 and is expected to reach USD 6.95 billion by 2031 and grow at a CAGR of 6.96% over the forecast period 2024-2031.
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.
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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.
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.
Government restrictions to reduce vehicle emissions aid industry growth.
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.
OPPORTUNITIES:
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.
CHALLENGES:
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.
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.
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:
Blow Molding
Injection Molding
Reaction Injection Molding
By Material Type:
ABS
Plastics
Carbon Fiber
Fiberglass
Sheet Metal
Others
By Vehicle Type:
Passenger Cars
Commercial Vehicles
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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.
REGIONAL COVERAGE:
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The 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
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.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 3.96 Billion |
| Market Size by 2031 | US$ 6.95 Billion |
| CAGR | CAGR of 6.96% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| 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. |
Ans: Automotive Active Spoiler Market size was valued at USD 3.96 billion in 2023 and is expected to reach USD 6.95 billion by 2031 and grow at a CAGR of 6.96% over the forecast period 2024-2031.
The prominent players in the market are 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), and others in final report.
North America region is dominating the Automotive Active Spoiler Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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
9.1 ABS
9.2 Carbon Fiber
9.3 Fiberglass
9.4 Sheet Metal
9.5 Others
10. Global Automotive Active Spoiler Market Segmentation, By Vehicle Type
10.1 Passenger Cars
10.2 Commercial Vehicles
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Daimler AG (Germany),
12.1.1 Financial
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
14. Conclusion
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