GVR Report cover Rear Spoiler Market Size, Share & Trends Report

Rear Spoiler Market Size, Share & Trends Analysis Report By Vehicle Type (Conventional Car, Green Vehicle), By System Type (Passive Spoiler, Active Spoiler), By Region, And Segment Forecasts, 2018 - 2025

  • Report ID: GVR-2-68038-108-5
  • Number of Pages: 69
  • Format: Electronic (PDF)
  • Historical Range: 2014 - 2015
  • Industry: Technology

Industry Outlook

The global rear spoiler market size was valued at USD 3.81 billion in 2016. Growing demand for safe and fuel-efficient vehicles and increasing sales of SUVs and MUVs are the key trends escalating market growth. Additionally, increasing fuel costs are encouraging users to invest in rear spoilers. They push air around the vehicle to reduce the drag, which assists in augmenting fuel efficiency.

Stringent emission control norms in various regions are also compelling automobile players to invest in rear spoilers. For instance, the European Union introduced a directive in 2015, Euro 6, with an aim to reduce harmful car and van exhaust emissions. All the vehicles manufactured from that year were mandated to meet the emission requirements.

U.S. rear spoiler market

Rear spoilers are aerodynamic devices that ‘spoil’ unfavorable air movement around the vehicle when in motion. Through this function, drivers experience enhanced braking time. Heightened awareness regarding the benefit of rear spoilers is driving the market.

However, high costs of installation and maintenance are likely to hamper the growth of the market. Furthermore, laws regarding car modification and the installation of rear spoilers vary from country to country. Therefore, providers must develop devices that are cost-effective and comply with government regulations, along with offering post-sale services.

Vehicle Type Insights

Green vehicles such as battery electric vehicles and plug-in hybrid vehicles provide numerous benefits such as low maintenance costs, reduced ownership costs, and low fuel consumption. Additionally, initiatives by various governments are also encouraging users to invest in green vehicles. For instance, the U.K. government’s Automated and Electric Vehicles Bill aims at making green vehicles affordable by offering incentives on the purchase of plug-in or electric hybrid vehicles. This is poised to keep the demand for rear spoilers high in green vehicle manufacturing

Demand for conventional cars is expected to increase owing to surging demand for SUVs and MUVs. These vehicles offer users safety, comfort, and connectivity. Additionally, they provide more seating capacity that enables drivers to carry more passengers comfortably. Therefore, the conventional car segment is anticipated to register a CAGR of over 4.0% during the forecast period.

System Type Insights

Based on system type, the rear spoiler market has been segmented into active spoiler and passive spoiler. Active spoilers offer various benefits such as reducing turbulence at high speeds and providing adjustable angles. Besides, they also provide high aesthetic value.

Global rear spoiler market

Owing to these factors, the active spoiler segment is estimated to expand at the highest CAGR over the forecast period. On the other hand, passive spoilers offer benefits such as low cost of maintenance and installation and the ease of availability. The segment is poised to reach a significant value by the end of the forecast period.

Regional Insights

The Asia Pacific market held the largest share in 2016. The region will continue to maintain its dominance until 2025 owing to increasing fuel prices. Furthermore, growing popularity of automobile racing and burgeoning adoption of hypercars are projected to stir up the demand for rear spoilers in the region.

North America exhibits tremendous growth opportunities. The presence of major players such as Magna International Inc. and DAR Spoilers are benefitting the growth of the regional market. Moreover, such prominent players are an important part of the value chain. They undertake strategies such as mergers and acquisitions with prominent participants to deliver end-to-end solutions. For instance, in 2016, Magna International Inc. signed an agreement to acquire Telemotive AG in order to enhance its vehicle engineering expertise and improve its product offerings.

Rear Spoiler Market Share Insights     

The prominent participants operating in the market include Magna International Inc.; Plastic Omnium; Aisin Seiki Co.; Ltd; DAR Spoilers; INOAC Corporation; NTF India Pvt. Ltd; and SMP Group. The key players are focusing on undertaking collaborations with other players. Companies are making massive investments in R&D to develop innovative solutions and gain a competitive edge over others.

Moreover, mergers & acquisitions form a part of their key strategy to gain momentum in the market. For instance, in 2015, Magna International Inc. acquired Stadco Ltd, a supplier of automotive parts based in the U.K.  The acquisition strengthened the former’s customer base in the U.K. market.

Report Scope

 Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2015

Forecast period

2017 - 2025

Market representation

Revenue in USD Million & CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, and South America

Country scope

U.S., Canada, Mexico, U.K., Germany, India, Japan, China, and Brazil

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

15% free customization scope (equivalent to 5 analysts working days)

If you need specific market information that is not currently within the scope of the report, we will provide it to you as a part of the customization


Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2016 to 2025. For the purpose of this study, Grand View Research has segmented the global rear spoiler market report based on vehicle type, system type, and region:

  • Vehicle Type Outlook (Revenue, USD Million, 2014 - 2025)

    • Conventional Car

    • Green Vehicle

  • System Type Outlook (Revenue, USD Million, 2014 - 2025)

    • Passive Spoiler

    • Active Spoiler

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • The U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • The U.K.

    • Asia Pacific

      • China

      • Japan

      • India

    • South America

      • Brazil

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