impact of recession on your business
Automotive Active Spoiler Market

Automotive Active Spoiler Market Size, Share and Segmentation 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), by Regions and Global Market Forecast 2022-2028

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.

Automotive Active Spoiler Market Revenue Graph

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.

MARKET DYNAMICS: 

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.

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 ESTIMATION: 

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.

MARKET SEGMENTATION:

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

Automotive Active Spoiler Market Segment Chart

REGIONAL ANALYSIS:

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

Automotive Active Spoiler Market Report Scope:
Report Attributes Details
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
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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. 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 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

9.1 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

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.