Pune, India, September 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Active Spoiler Market.
The global active spoiler market is gaining prominence as it is expected to record its expansion at 6.9% CAGR, during the forecast period by 2023, asserts Market Research Future in its detailed study. The study provides an outline that includes comprehensive research on segments and growth factors that can significantly impact the market in the foreseeable future.
The market is growing as the need for innovation and new developments in vehicles to end-user is going sky-high. It has become imperative for the automotive industry, across the world, to maintain the development in its applications.
Market Drivers & Trends
In the present era of technology and developments, active spoiler plays a pivotal role for dynamic adjustments of the vehicles to change the spoiling effect. Therefore, the market for active spoilers is growing at a steady pace owing to the factors such as increasing demand for enhanced aerodynamic performance of the vehicles, which leads towards innovative and new developments in automotive industry. With this, the increasing adoption of front and rear dynamic systems in automotive with the purpose of eliminating drag is also contributing to the market development.
At the same time, other factors such as increasing downforce at high speed is also anticipated to boost the market for the automotive active spoiler in the coming years. It has been observed that frequent practice of active spoilers in the hyper car market, which is creating the demand for high-performance sports cars. Also, the wide range of applications of active spoilers in sports cars and passenger cars is presumed to augment the market demand for active spoilers. As an add-on, various types of materials of active spoilers such as ABS plastics, Fiberglass, Silicon, and Carbon fiber are used which makes it efficient in all its function. Therefore, among these the rising popularity of carbon fiber active spoilers, mainly in supercars for increased speed and performance is highly fueling the market’s growth, which would also increase during the assessment period.
Furthermore, various advantages such as higher workability, strength-to-weight ratio, and corrosion resistance are also likely to widen the demand for carbon fibers, thus thriving the global active spoiler market during the assessment period. On the flip side, the factor such as the rising cost on automotive OEMs can be termed as the strong restraining factor in the market’s growth phase during the forecast period.
The global market for active spoilers, as per the study, has been segmented by type and material.
In terms of type, the market splits into front spoiler market, lighted spoiler market, pedestal spoiler market, roof spoiler market, lip spoiler market.
In terms of material, the market splits into ABS plastic, fiberglass, silicon, carbon fiber.
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Region-wise, the global market for automotive active spoiler has been studied across the regions of North America, Europe, Asia-Pacific, and The Rest of the World.
Among these, North America is recorded to acquire the significant market revenue share over the forecast period due to rising popularity for sports cars, which has led to an increase in sales of sports. With this, the implementation of active spoilers in passenger cars to provide a better appearance and aerodynamic advantages is also likely to boost the market growth during the forecast period.
In the Europe region, some strict government fuel emission regulations have a firm grip for decent market share revenue followed by North America. The regulatory department of Europe started to implement CO2 emission reduction technologies which have created a positive impact on the OEMs therefore to produce a better fuel-efficient design. These factors are fueling the market’s growth in this region.
Asia-Pacific is also a well-known vehicle manufacturing region, and the mindset of people in the countries from the region is undergoing a change and expects to grow during the forecast period.
The well-known market players in the automotive active Spoiler market are listed as AUDI AG (Germany), Porsche AG (Germany), Lexus (Japan), McLaren (UK), Daimler AG (Germany), Bugatti Automobiles (France), BMW AG (Germany), Koenigsegg Automotive AB (Sweden), Pagani Automobili (Italy), and Ferrari (Italy).
August 29 2019
McLaren 720S U.S. buyers got a carbon-fiber active rear spoiler for $9,717. The spoiler, which costs $9,717.07 featured a two year warranty and was matched to other existing visual carbon fiber exterior elements, like those from the Exterior Carbon Fiber Packs.