Rear Spoiler Market: Global Industry Analysis and Forecast (2023-2029)

Rear Spoiler Market was valued at US$3.95 Bn. in 2022. Global Rear Spoiler Market size is estimated to grow at a CAGR of 9.49 % during the forecast period. The market is expected to reach a value of US$ 7.45 Bn in 2029.
Rear Spoiler Market Overview:
A rear spoiler is an aerodynamic device for vehicles that changes the airflow across the vehicle. It's a wing-shaped component that's mounted on the vehicle's boot or the end of the roof to increase airspeed. Blow, injection and reaction injection molding are used to make rear spoilers, out of lightweight polymer-based materials such silicon, carbon fiber, fiberglass, and Acrylonitrile Butadiene Styrene (ABS) plastic. The spoiler diffuses airflow and turbulence and is commonly found in sports and racing cars to improve high-speed performance and reduce drag.

Active rear spoilers are most commonly found on high-end passenger automobiles. Lightweight polymer-based materials such as fiberglass, ABS plastic, silicon, and carbon fibre are used to make active rear spoilers for automobiles. Some of the qualities connected with fiberglass for creating vehicle active rear spoilers are its wide availability, lightweight, ease of paint adhesion to the surface, and temperature resistance.



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Rear Spoiler Market Dynamics:
Rapid global demand for SUVs and MPVS, increased vehicle production with increased aesthetic competition, implementation of stringent fuel economy and emission norms, and growing preferences for green vehicle usage are some of the key drivers of demand growth in the forecast period. Increasing technological improvements, rising demand for electric vehicles, and increased penetration of active spoilers will all contribute to the market's growth throughout the forecast period.

Automakers are offering new vehicle models with rear spoilers to improve air movement control at high speeds. The cutting-edge technology contributes to the vehicle's overall weight reduction, which increases fuel efficiency. Due to the increased demand for lightweight vehicles on the market, manufacturers are producing lightweight spoilers. As a result, the need for rear spoilers is growing.

As a result of rising demand and growth in developing countries, vehicle production has increased dramatically in recent years. The luxury and sport car segments are presently the fastest-growing vehicle segments in developed countries. As investment in luxury and sport car categories has expanded, so has demand for new technologically advanced auto parts. Active spoilers, which are technologically superior to passive spoilers, reduce drag and enhance fuel efficiency in passenger automobiles. Due to its widespread application in premium luxury and sports cars, the market for active rear spoilers is expected to grow at a faster rate over the forecast period.

Lightweight materials like fiberglass, ABS plastic, carbon, and silicon are used to construct the spoiler. On the other hand, manufacturers are looking for innovative, cost-effective materials. The majority of vehicle manufacturers have begun to employ silicon as a spoiler material because of its long life and exceptional plasticity. Carbon has recently been popular among manufacturers due to its lightweight, yet the exorbitant cost of this material remains a major worry. However, due to the low cost of production, fiberglass remains the most popular material among producers.
Rear Spoiler Market Segment Analysis:
Based on Technology Type, the market is sub-segmented into Blow molding, Injection molding, and Reaction Injection molding. Injection molding is expected to be one of the most popular technologies for rear spoilers in automobiles. By the end of 2023, injection molding technology is expected to generate about US$ 1,300 million in sales. Blow molding, on the other hand, is expected to increase rapidly during the forecast period.

Based on Fuel Type, the market is sub-segmented into Battery Electric vehicles, internal combustion engines, and others. Battery Electric Vehicles are expected to grow at a CAGR of roughly 12.5 % from the forecast period. Thanks to efficiency-enhancing technology such as regenerative brakes, electric motor drive, and automatic start/stop. The addition of rear spoilers to a battery-electric car improves the vehicle's efficiency by reducing energy consumption and improving the vehicle's design. These technological benefits have contributed to the rise of electric vehicles in recent years. One of the key elements driving demand for BEVs is an increase in government programs to boost green vehicle.


Rear Spoiler Market Regional Insights:
One of the largest market shares is estimated to be in the United States. The existence of large firms benefits the local market. Modern automotive active rear spoilers with great efficiency and design are installed on cars and commercial vehicles in the region. Because of the enormous amount of sports and luxury vehicles sold in the United States and Canada, the market is more inclined to embrace sophisticated technology. In the value chain, well-known players play an important role. They seek techniques such as mergers and acquisitions with significant partners in order to provide end-to-end solutions. The increased popularity of auto racing, as well as the region's growing acceptance of hypercars, is expected to drive demand.

Europe has a huge number of passenger vehicles, especially sedans, and Europeans are more interested in high-speed vehicles. These are some of the main reasons behind Europe's supremacy in the global automobile rear spoiler market.

The objective of the report is to present a comprehensive analysis of the Rear Spoiler Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help understand the Rear Spoiler Market dynamic and structure by analyzing the market segments and projecting the Rear Spoiler Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Rear Spoiler Market make the report investor’s guide.
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Rear Spoiler Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 3.95Bn.


Forecast Period 2023 to 2029 CAGR:
9.49%
Market Size in 2029:
US$ 7.45Bn.


 Segments Covered:
by Technology Type
Blow Molding
Injection Molding
Reaction Injection Molding


by Vehicle Type
Hatch Back
SUV
MPV


by Fuel Type
BEV
Internal Combustion Engine (ICE)
Others (Hybrid)


by Material Type
 ABS
Carbon Fiber
Fiberglass
Sheet Metal



Rear Spoiler Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Rear Spoiler Market Key Players
1. Plastic Omnium
2. Magna International
3. Polytec Group
4. SMP Automotive
5. Rehau Ltd
6. Thai Rung Union Car PLC
7. Jiangnan Mould and Plastic Technology Co., Ltd.
8. SRG Global
9. Albar Industries Inc
10.AP Plasman Inc
11.Inoac Corporation
12.P.U. Tech Spoiler
13.Samvardhana Motherson Group (SMP GmbH)
14.DaikoNishikawa Co., Ltd.
15.Rehau Ag Co.
16.Compagnie Plastic Omnium SE
17.Foshan Peguform Automotive Plastics Technology Co., Ltd.
18.Wuhan Hesheng Automotive Parts Co., Ltd.
19.Sekisui Techno Molding Co., Ltd.
20.Takagi Seiko Corp.
21.INOAC Corporation
Frequently Asked Questions:
1] What segments are covered in the Rear Spoiler Market report?
Ans. The segments covered in the Rear Spoiler Market report are based on Technology Type, Fuel Type, Material Type, and Vehicle type.

2] Which region is expected to hold the highest share in the Rear Spoiler Market?
Ans. The North America region is expected to hold the highest share in the Rear Spoiler Market.

3] What is the market size of the Rear Spoiler Market by 2029?
Ans. The market size of the Rear Spoiler Market is expected to reach US $ 7.45 Bn. by 2029.

4] What is the forecast period for the Rear Spoiler Market?
Ans. The Forecast period for the Rear Spoiler Market is 2023-2029.

5] What was the market size of the Rear Spoiler Market in 2022?
Ans. The market size of the Rear Spoiler Market in 2022 was valued at US $ 3.95Bn