Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 3541.26 Million | USD 6,510.46 Million | CAGR at 7.00% | 2023 |
According to the report published by Zion Market Research, the global Rear Spoiler Market size was valued at USD 3541.26 Million in 2023 and is predicted to reach USD 6,510.46 Million by the end of 2032. The market is expected to grow with a CAGR of 7.00% during the forecast period. The report analyzes the global Rear Spoiler Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Rear Spoiler Market industry.
The rear spoiler can be referred as an automotive aerodynamic device. It helps in spoiling the adverse air movement across the vehicle body. When the spoilers are present at the front of the vehicles then they are called as air dams. Some spoilers are installed in the cars just for styling or for better aerodynamics. The rear spoiler helps to increase the efficiency and decrease the drag.
The popular market player, Mazda has patented the active rear spoiler design which was inspired by the RX-Vision. Mazda received this patent as this design intersects the rear taillights.
The global market for the rear spoiler is fragmented into the vehicle type, material type, sales channel, technology, and the fuel type.
Based on the type of the vehicle, the global market is segregated into MPV, SUV, and hatchback.
Based on the type of the material, the market is categorized into carbon fiber, fiberglass, ABC plastic, and silicon.
Based on the sales channel, the market is divided into aftermarket and OEM.
Based on the technology, the market is bifurcated into injection and blow.
Based on the type of fuel that is used, the market is segmented into BEV and ICE.
In the coming years, the rear spoilers market will develop significantly. The major factors that are driving the growth of the market are the growing demand for the cars that have high performance and the increasing inclination of the consumers towards the sports model. In the recent years, the consumers have inclined more towards purchasing cars of sports model which has thus increased the demand for the rear spoilers. Many of the sport cars manufacturers such as the Porsche 911 Turbo S, Bentley, Aston Martin Vanquish, Audi R8, and Mercedes have introduced many new models of cars that have high-end facilities which are in turn positively affecting the growth of the rear spoiler market. When compared with the overall production of the car, the luxury vehicles account for a very little share. But the scenario will change in the coming years which will increase the sales of the rear spoilers.
Report Attributes | Report Details |
---|---|
Report Name | Rear Spoiler Market Research Report |
Market Size in 2023 | USD 3541.26 Million |
Market Forecast in 2032 | USD 6,510.46 Million |
Growth Rate | CAGR of 7.00% |
Number of Pages | 196 |
Key Companies Covered | Magna International, Thai Rung Union Car Plc., Jiangnan Mould and Plastic Technology Co., Ltd., P.U. Tech Spoiler, Plastic Omnium, AP Plasman Inc., SMP Automotive, Polytec Group, Rehau Ltd., Albar Industries Inc., Inoac Corporation, Inoac Corporation, and SRG Global |
Segments Covered | By Vehicle type, By Material type, By Sales channel, By Technology, By Fuel type and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Among the regions, it is Western Europe that generates the major revenue share in the global rear spoiler market. The increased demand for the high-performance cars will exponentially grow the demand for the rear spoilers. In North America, the market will be experiencing a robust growth owing to the developing automotive sector and the growing demand for the sports cars. In the coming years, the market will experience a boost in Asia Pacific region.
The key market players that are involved in the rear spoiler market include:
By Vehicle type
By Material type
By Sales channel
By Technology
By Fuel type
Rear Spoiler Market: Regional Segment Analysis
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