LeapZipBlog: Steve Blade's blog: Automotive Rear Spoiler Market Outlook and Opportunities in Grooming Regions with Forecast to 2022

Automotive Rear Spoiler Market Outlook and Opportunities in Grooming Regions with Forecast to 2022

August 21, 2019 by Steve Blade  

According to the latest report compiled by Fact.MR, the global market for automotive rear spoiler is likely to experience strong growth throughout the forecast period. The market is projected to reach US$ 3,426.2 million revenue by 2022 end. Increasing production of vehicles globally and rise in use of spoiler in SUVs, hatchbacks, and MUVs are driving the market for automotive rear spoiler market. Meanwhile, manufacturers are also using new materials for the development of spoiler for vehicles.

Among all the materials used for manufacturing spoiler, the majority of the automotive manufacturers have started using silicon as it has a long life and its remarkable plasticity. Recently, manufacturers have also started using carbon as it is light in weight, but the high cost of this material still remains the biggest concern. However, fiberglass is still the highly preferred material among manufacturers due to the low cost of the production process. Automotive spoiler manufacturers are also focusing on innovative technologies such as aerodynamics and active-aerodynamics to offer better performance.

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Impact of automotive rear spoilers has been perused by several researchers as the add-on devices have relatively better control over aerodynamics at higher speeds. As at higher speeds spoiler succors in offering much needed down force, the road traction at higher speeds are improved by spoilers. Notably, rear spoiler enhances vehicle’s stability by shrinking lift and drag in a car at high speed.

The emergence of automated spoilers has panned out to be instrumental given most automotive spoilers are designed to disrupt unfavorable air flow in a specific direction and condition. In an automated spoiler, the angle and position of attack can be changed by escalating the height of the rear spoiler and introducing the extra bracket structures.

 Highlights on Global Automotive Rear Spoiler Market

  • Europe is likely to remain dominant in the global automotive rear spoiler market. By the end of 2017, Europe automotive rear spoiler market is estimated to account for more than one-fourth of the revenue share on global revenue. Growing market and production of luxury and sports cars is boosting the Europe automotive rear spoiler market.
  • Asia Pacific Excluding Japan (APEJ) is likely to witness strong growth during the forecast period. APEJ automotive rear spoiler market is estimated to reach close to US$ 900 million revenue by the end of 2022. Rising vehicle production and increasing installation of spoiler in the MVPs, SUVs, and hatchbacks are some of the factors fueling the growth of the automotive rear spoiler market in APEJ.
  • Fiberglass is likely to emerge as one of the most preferred materials for the automotive rear spoiler. Fiberglass is estimated to account for nearly one-third of the revenue share by the end of 2017. Meanwhile, carbon fiber will also witness strong growth during the forecast period.
  • Sales of the automotive rear spoiler is likely to be highest through Aftermarket. By the end of 2022, the aftermarket is estimated to reach nearly US$ 2,800 million revenue.

Automotive Rear Spoiler Market: Overview

The report offers a robust analysis on the automotive rear spoiler market through deep dive analysis. Besides, the report delves into the segregation of the market to offer an exhaustive assessment on the automotive rear spoiler market. The report also delves into drivers, trends, opportunities and restraints having significant influence within the automotive rear spoiler market.

Fiberglass to Gain Maximum Revenue Share

Fiberglass is expected to be the highly preferred material for developing automotive rear spoiler. Towards 2022 end, fiberglass is projected to exceed US$ 900 million value. Although, carbon fiber is also expected to gain more than one-fourth of the share in terms of revenue by 2017 end.

High Sales through Aftermarket

Compared to OEM, aftermarket is expected to emerge as the biggest sales channel for automotive rear spoiler. Aftermarket sales channel is projected to gain more than three-fourth of the share in terms of revenue by 2017 end. Meanwhile, OEM sales channel is also expected to experience impressive growth.

Automotive Rear Spoiler Market: Competitive Landscape

The report also profiles companies that are expected to remain active in the expansion of global automotive rear spoiler market through 2022, which include Plastic Omnium SA, Magna International, Inc., POLYTEC Holding AG, SMP Deutschland GmbH, Albar Industries Inc., Rehau Limited, and SRG Global.

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