Global Active Spoiler Market, By Type (Front Spoiler Market, Lighted Spoiler Market, Pedestal Spoiler Marker, Roof Spoiler Market, Lip Spoiler Market), Material Type (ABS Plastic, Fiberglass, Silicon, Carbon Fiber) - Industry Trends and Forecast to 2029
Market Analysis and Size
Automakers has become a crucial method of improving the design and efficiency while catering economy standards. Active spoiler is considered one of the component designs of aerodynamics for vehicles. Most of the premium passenger vehicles are incorporated with active rear spoilers.
Global Active Spoiler Market was valued at USD 3.26 billion in 2021 and is expected to reach USD 5.61 billion by 2029, registering a CAGR of 7.00% during the forecast period of 2022-2029. Silicon is expected to witness high growth in the material type segments owing to their high usage in product. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Automotive active rear spoiler refers to an automotive aerodynamic device that is generally assists in the spoiling of unfavorable movement across car body during the time of turbulence or drag. These devices are utilized for dynamic adjustments of the vehicles for changing the spoiling effect.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Front Spoiler Market, Lighted Spoiler Market, Pedestal Spoiler Marker, Roof Spoiler Market, Lip Spoiler Market), Material Type (ABS Plastic, Fiberglass, Silicon, Carbon Fiber)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Audi (Germany), Porsche (Germany), Lexus (Japan), McLaren (UK), Daimler AG (Germany), Bugatti (France), Bayerische Motoren Werke AG (Germany), Koenigsegg Automotive AB (Sweden), Pagani (Italy), Ferrari S.p.A. (Italy), Automobili Lamborghini S.p.A. (Italy), Mercedes-Benz AG. (Germany), TOYOTA MOTOR CORPORATION. (Japan), and Ford Motor Company (US), among others
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Market Opportunities
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Active Spoiler Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increased Vehicle Production
The increase in the demand for high performance and reliability of automobiles among consumers acts as one of the major factor driving the growth of active spoiler market. The rise in demand for these enhanced vehicles escalate vehicle production.
- High End Luxury Cars
The increase in the sales of high end luxury cars is accelerating the growth of the market. The surge in disposable income is escalating demand for high end luxury cars among population throughout the world. The rise in the demand for high performance and reliability of automobiles among consumers drives the market growth.
- Adoption of Preventive Measures
The increase in adoption of preventive measures such as periodic maintenance service for enhancing vehicle efficiency further influence the market. Also, the implementation of stringent regulations being by governments for declining vehicular emissions assist in the expansion of the market.
Additionally, expansion of the automotive sector, surge in investments and increased disposable income extends profitable opportunities to the market players in the forecast period of 2022 to 2029.
Opportunities
Furthermore, increase in penetration of active spoiler extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in the production of electric vehicles will further escalate the growth of active spoiler market.
Restraints/Challenges faced by the Active Spoiler Market
On the other hand, rise in trend of integrated roof spoilers and increased cost on automotive OEMs are expected to obstruct market growth. Also, speed limits on highways by governments of countries are projected to challenge the active spoiler market in the forecast period of 2022-2029.
This active spoiler market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the active spoiler market contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
COVID-19 had a Major Impact on Active Spoiler Market
The COVID-19 had a negative impact on the active spoiler market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand for active spoiler market. The supply chain got hampered during the pandemic along with delay logistics activities. However, the active spoiler market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.
Global Active Spoiler Market Scope and Market Size
The active spoiler market is segmented on the basis of type and material type. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Front Spoiler Market
- Lighted Spoiler Market
- Pedestal Spoiler Marker
- Roof Spoiler Market
- Lip Spoiler Market
Material Type
- ABS Plastic
- Fiberglass
- Silicon
- Carbon Fiber
Active Spoiler Market Regional Analysis/Insights
The active spoiler market t is analyzed and market size insights and trends are provided by country, type and material type as referenced above.
The countries covered in the active spoiler market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the active spoiler market because of the increase in the sale and production of commercial vehicles within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the surge in automotive production in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Active Spoiler Market Share Analysis
The active spoiler market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to active spoiler market.
Some of the major players operating in the active spoiler market are
- Audi (Germany)
- Porsche (Germany)
- Lexus (Japan)
- McLaren (UK)
- Daimler AG (Germany)
- Bugatti (France)
- Bayerische Motoren Werke AG (Germany)
- Koenigsegg Automotive AB (Sweden)
- Pagani (Italy)
- Ferrari S.p.A. (Italy)
- Automobili Lamborghini S.p.A. (Italy)
- Mercedes-Benz AG. (Germany)
- TOYOTA MOTOR CORPORATION. (Japan)
- Ford Motor Company (US)
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