As per the ongoing study, active spoiler market will grow at a positive rate during 2021-2031. Automotive spoilers are installed in vehicles to control and change the airflow around and underneath the vehicles to avoid any type of wind resistance and to enable more grip to the driver at high speeds.
It is very important for manufacturers to install rear spoilers as they reduce the turbulence that the vehicle generates as it moves at high velocity.
Manufacturers install spoilers to improve high- speed stability in sports cars as well as luxury cars.
Many automotive manufacturers install spoilers in passenger cars for better aesthetics as they provide a trendy design feature which is one of the most important factor driving the sales of active spoilers in the forecast period.
What is Driving Demand For Active Spoilers In the Global Market
Active spoilers are installed at different locations in a vehicle and is regarded as an aerodynamic accessory designed to improve the airflow and increase the vehicle performance and efficiency.
They are found in sports cars, luxury cars, sedans and SUVs which is one of the factor driving the demand of spoilers.
The use of spoilers to enhance the aesthetics of the vehicles for a more stylish appearance is accelerating the demand for active spoilers in the market.
Lightweight materials like carbon fiber which is corrosion resistant and which help to improve the fuel efficiency of vehicles are used to make these spoilers is also one of the drivers fueling the growth of the market in the forecast period.
Recovery in Automotive Industry Is likely to Amplify Active Spoiler Sales
The automotive industry faced huge losses due to COVID- 19 pandemic as it experienced considerable slowdown in terms of sales and production.
Assembly plant closure in US and many countries in Europe added to the pressure of a disrupted supply chain for automotive manufacturers.
Many manufacturers in the world import manufacturing components from china which also led to manufacturing disruptions in Europe as export of components was restricted due to lockdown.
The industry is slowing recovering from the losses with the reopening of manufacturing facilities in major countries as production of automotive components like active spoiler has resumed.
Market Outlook For US And Canada Automotive Active Spoiler industry
North America is one of the high profit making market for active spoiler due to high penetration of technologically advanced automotive components that are lightweight and exhibit unique design features for these components. High demand of luxury and sports vehicles in the region is accelerating the sales of spoilers in the region.
Sales of sports vehicles in US is comparatively high from other regions due to high disposable income of the population and willingness to spend large amount of funds on sports cars is boosting the market for automotive active spoiler.
OEMs like Chevrolet uses high strength plastic in its C7 Corvette Z06 model for its rear spoiler wing that is adjustable as well as translucent.
This part increases the aesthetic value of the vehicle giving it a trendy design which is impacting the sales of these parts.
Europe Demand Outlook For Active Spoiler Market
Many countries in Europe region have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities but the market is slowly recovering in 2021.
Shutdown of production facilities in Europe affected the automotive industry as well as spoiler parts as there was a halt in the manufacturing of automotive parts.
Europe market is one of the most lucrative markets for automotive spoilers due to increase in spending of the potential customers on sports cars.
Manufacturers in Europe have introduced different variety of models with new designs and latest technology for automotive spoilers. High end companies like Porsche have introduced a passenger car that looks a race car because of active rear spoilers installed in the rear of the vehicle.
Who are the key Manufacturers and Suppliers of Automotive Active Spoilers
Some of the leading manufacturers and suppliers of automotive spoiler include
- Audi AG
- Porsche AG
- Daimler AG
- Bugatti Automobiles
- BMW AG
- Pagani Automobili and others.
Many leading manufacturers offer customization of different styles of wheels and color choices to customers which is boosting the market for automotive spoilers.
Major players are investing in research & development for technology and exterior design features for different types of spoilers.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
Active Spoiler Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
By Product Type:
- Front Spoiler
- Lighted Spoiler
- Pedestal Spoiler
- Roof Spoiler
- Lip Spoiler
By Material Type:
- Carbon Fiber
- ABS Plastic
By Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- North America
- Latin America
- South Asia Pacific
- ASEAN countries
- East Asia
- South Korea
- Middle East & Africa
- South Africa
- North Africa
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