According to the latest report by IMARC Group “Rear Spoiler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global rear spoiler market reached a value of US$ 4.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.2 Billion by 2027, exhibiting a CAGR of 7.46% during 2022-2027.
A rear spoiler is an aerodynamic device used for altering air movement while a vehicle is in motion. It is a wing-shaped component mounted on the automobile boot or at the end of the roof to increase the airspeed. It is manufactured using lightweight polymer-based materials, such as silicon, fiberglass, carbon fiber, and acrylonitrile butadiene styrene (ABS) plastic. As it diffuses airflow and turbulence, it is generally installed on sports and racing cars to facilitate favorable conditions for high speed and minimize the risk of collision.
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Market Trends:
The escalating demand for sport utility vehicles (SUVs) and multi-purpose vehicles (MPVs) represents one of the key factors propelling the market growth. Besides this, automotive manufacturers are launching new models of luxury sports cars equipped with advanced rear spoilers for better air movement control at high speeds. Furthermore, the development of carbon fiber-based rear spoilers that enhance aesthetics and high functionalities, along with the increasing expenditure capacities of individuals and the rising demand for lightweight vehicles,is bolstering the market growth.
Breakup by Technology:
- Blow Molding
- Injection Molding
- Reaction Injection Molding
Breakup by Material Type:
- ABS
- Carbon Fiber
- Fiberglass
- Sheet Metal
- Others
Breakup by System Type:
- Active Spoiler
- Passive Spoiler
Breakup by Vehicle Type:
- Hatchback
- Sports Utility Vehicles
- Multi-Purpose Vehicles
Breakup by Distribution Channel:
- OEMs
- Aftermarket
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Aisin Seiki Co Ltd.
- Albar Industries Inc.
- DAR Spoilers
- Dawn Enterprises Inc.
- INOAC Corporation
- Magna International Inc.
- Plastic Omnium (Burelle SA)
- Polytec Holding AG
- SEIBON CARBON (SEIBON International Inc.)
- SMP Deutschland GmbH
- SRG Global Inc. (Guardian Industries)
- Thai Rung Union Car plc.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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