Rear Spoiler Market Research Report - Global Forecast to 2023

Rear Spoiler Market Research Report - Global
Forecast to 2023
Rear Spoiler Market Information Report by Fuel Type (ICE,BEV, and Others), Material (ABS, Carbon Fibre,
Fibre Glass, and Sheet Metal), Technology (Blow Molding, Injection and Reaction Injection Molding),
Vehicle Type ( Hatchback, SUV, Others), and region.
Market Scenario
A rear spoiler is the automatic aerodynamic component that is designed for undesirable air movement
across the body when a vehicle is in motion. Spoilers are mainly used in high end sports cars. Nowadays,
they are also installed in passenger vehicles for styling. In sports cars, the air movement affects the balance
of the car. This air movement affects the movability of the car, which can lead to accidents. To cut the air
flow, rear spoiler are used widely to reduce the chance of accidents. Innovation in technology is important to
determine the market share of the company in the automotive industry. If the company is highly innovative,
the market share will also be greater. In case of rear spoiler market, the technology used is not very complex.
So, the technology progress is moderate. Various materials are used to make rear spoilers, efficient and
durable. In future, ABS rear spoiler are going to be a trend due to the light weight property and improved
fuel efficiency. This shows that technology is one of the important factors affecting the sales of the
automotive industry.
Technology innovation in materials, growth in the automotive industry, and boost in SUV production, also
drive the market growth during the forecast period. The rear spoiler market is completely dependent on the
automotive industry.
Thus the increase or decrease in demand of the automotive industry, directly, has an impact on the market.
The total vehicle production for the year 2015 was almost 90 million units and is expected to witness further
boost and reach more than 100 million units by the year 2023. The income levels of individuals in the recent
past has steadily been increasing, resulting in higher disposable income, among individuals. With the rising
disposable income among individuals, emerges the scope of increasing expenditure across various industries
such as automotive industry. Thus the growth of the rear spoiler market is expected to go hand in hand with
the automotive industry. Technology innovation for reducing the overall weight of the vehicle, is expected to
drive the market. Reduction in the weight of the spoiler, will improve the fuel efficiency, which will,
indirectly, drive the growth of the rear spoiler market during the forecast period. The market for rear spoiler
has witnessed tremendous growth, lately, and is expected to grow rapidly during the forecast period.
Despite the rapid growth of the rear spoiler market, the fluctuation in raw materials cost associated with
rear spoiler, poses a threat. Moreover, development in vehicles and aesthetic features, requires constant
research & development support, thus resulting in extensive capital investment at a constant rate. This might
also restrain the market.
The rear spoiler market is segmented based on fuel type, material, technology, and vehicle type. On the
basis of fuel type, the market is segmented as ICE, BEV, and Others. The Internal Combustion Engine (ICE) is
expected to dominate the market during the forecast period due to the enhancement of cars aerodynamic
properties. Rear Spoiler is used to enhance the aerodynamic property and to maintain the car balance at
high speeds. Due to the increase in accidents, and safety concerns regarding internal combustion engine,
rear spoilers are widely used.
This increase in the use of rear spoiler is expected to drive the market during the forecast period. Based on
material, the market is segmented as ABS, carbon fibre, fibre glass, and sheet metal. ABS segment is
expected to dominate the market during the forecast period due to the light weight property and improved
fuel efficiency. On the basis of technology, the market is segmented as blow, injection and reaction injection
molding. The blow molding segment is expected to dominate the market during the forecast period due to
high demand of blow molding used in the manufacturing of rear spoiler.
Rear Spoiler Market, By Segmentation
On the basis of region, the market is segmented as North America, Asia Pacific, Europe, and Rest of the
World. North America is expected to account for the largest market share during the forecast period. In
North America, automobile manufacturers will continue to see an increase in the sales of the passenger cars.
The increase in demand of the new vehicles will enable the growth of the auto components suppliers. The
automotive manufacturers have shifted their preference from small cars to higher-value pickups and SUVs.
This will enable more installation of rear spoiler on SUVs and pickup vans for transportation. Asia Pacific is
expected to have a higher CAGR during the forecast period due to the increase in demand of rear spoiler in
emerging economies such as India, China, and Japan.
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Market Segmentation
Key Players
The key players in global rear spoiler market are Magna International Inc. (Canada), Plastic Omnium
(France), SMP Automotive (Germany), and Polytec Group (Austria), Albar Industries, Inc. (U.S.), MercedesAMG GmbH (Germany), Changzhou Huawei (China), DAR Spoilers (U.S.), P.U. Tech Spoiler (Malaysia), and
SRG Global (U.S.).
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