Increasing production of passenger vehicles is driving the Automotive Rear Spoiler Market
Rear spoilers in vehicles are aerodynamic devices that are designed to spoil unfavorable air flow around the moving vehicle. Spoiler is used to reduce turbulence or drag. Front spoilers on the vehicle are termed as air dams. Sports and racing cars are often fitted with spoilers that create favorable aerodynamics required for high speed. Currently, spoilers are utilized to enhance the esthetic appearance of the vehicle. Passenger vehicles, primarily sedan cars, have a spoiler to enhance the esthetic appearance and provide marginal aerodynamic benefits.
Increasing production of passenger vehicles is driving the automotive rear spoiler market. Appearance of the vehicle is a major concern for consumers while buying the vehicle. Rear spoiler market is likely to expand in the near future, as rear spoiler helps to improve the aesthetic look of the vehicle and cheaper than the other options. Speed of vehicle is trending factor among the buyer. The spoiler helps increase the speed of the vehicle by avoiding unfavorable airflow around the vehicle. Therefore, consumers primarily prefer to buy the rear spoiler.
The global automotive rear spoiler market can be segmented based on material, type, vehicle, sales channel, and region.
Based on material type, the automotive spoiler market can be classified into ABS plastic, fiberglass, silicon, and carbon fiber. Most OEMs prefer rear spoilers made of ABS plastic with a blend of some other materials in order to improvise its properties. Fiberglass is widely utilized in the automotive industry, as it is a low-cost material. Demand for silicon rear spoilers has been increasing in recent years, as it has better plasticity compared to other materials. Carbon fiber is a significantly better option in order to reduce weight and increase durability.
Based on type, the automotive rear spoiler market can be divided into active spoilers and other segment. Active spoilers dynamically adjusts as the vehicle moves. Several performance vehicles are equipped with active spoilers, which provide real-time function according to driving speed.
Based on vehicle, the automotive rear spoiler market can be split into passenger vehicle and light commercial vehicle. The passenger vehicle segment holds a prominent share of the market, as rear spoilers are primarily incorporated in sedans, and they are sub-segmented under the passenger vehicle segment.
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In terms of sales channel, the automotive real spoiler market can be bifurcated into OEM, aftermarket, and Original Equipment Supplier (OES). For OES, vehicle manufacturer fabricates the rear spoiler and supplies the same for the aftermarket segment through dealers.
Europe is home to a significant number of passenger vehicles, especially sedans, and people in Europe are more passionate about high speed vehicles. These are major reasons for Europe to hold a leading share of the global automotive rear spoiler market. Asia Pacific is likely to overtake Europe to be the global leader for automotive rear spoiler market in the near future, as it is a prominent vehicle producing region and the mindset of people in the countries from the region is undergoing a change. Expanding economies from Latin America are predicted to significantly boost the automotive rear spoiler market in the region.
Key players operating in the global automotive rear spoiler market include KREMANN UND ESSER GmbH & Co. KG, Jiangnan Mould & Plastic Technology Co., LTD., Plastic Omnium, INOAC CORPORATION, DAR Spoilers, and Aisin Seiki Co.
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