ID: MRFR/AM/5438-HCR | 100 Pages | Published By Swapnil Palwe on March 2023
Automotive Active Spoiler Market And Expected To Grow With A CAGR Of 6.9% To Reach Approximately 5.8 Billion USD Over The Forecast Period.
Active spoiler market has witnessed a remarkable growth in the global market and expected to grow with a CAGR of ~6.9% over the forecast period.
For dynamic vehicle changes to vary the spoiling effect, an active spoiler is required. For best control with minimal drag, the spoiler outspreads the wings according to the speed restriction. The increased demand for improved vehicle aerodynamic performance is driving inventive and novel solutions. The market for automotive active spoilers is expected to grow shortly as more vehicles employ front and rear dynamic systems to reduce drag and increase downforce at high speeds. Active spoilers are a common practice in the hypercar business, which is driving demand for high-performance sports cars in the worldwide automotive market. In the Automotive Active Spoiler Market, increasing passenger comfort has become one of the most essential factors. Components should require the least amount of human effort and deliver the highest level of comfort.
Active spoilers are made of a variety of materials, including ABS plastics, Fiberglass, Silicon, and Carbon fiber. Carbon fiber active spoilers are becoming increasingly popular, especially in supercars, to improve performance characteristics, which is expected to fuel market demand in the coming years. Carbon fibers are also predicted to grow in popularity due to a variety of benefits such as increased workability, strength-to-weight ratio, and corrosion resistance. Furthermore, increased penetration of carbon fiber active spoilers to achieve the movement of active aerodynamics from one condition to another, where lightweight is critical, is expected to enhance the market during the forecast period.
The utilization of carbon fiber is steered by emission control regulations that demand less fuel consumption by the vehicles. However, stricter fuel emission regulations in North America and Europe have put extreme pressure on the original equipment manufacturer’s (OEMs) to improve the prevailing fuel economy of the vehicles, develop fuel efficient designs, and lower the fuel consumptions. In addition, increasing cost on automotive OEMs can be presumed as the strong restraining factor in the market over the forecast period.
Active spoiler is needed for dynamic adjustments of the vehicles in order to change the spoiling effect. The spoiler outspreads the wings as per the speed limit for achieving maximum control with minimum drag. The growing demand for enhanced aerodynamic performance of the vehicles is leading towards innovative and new developments. Increasing adoption of front and rear dynamic systems in automotive to eliminate drag and increase downforce at high speed is anticipated to boost the market for automotive active spoiler in near future. The frequent practice of active spoilers in hyper car market is generating the demand for high performance sports cars in the global automotive market. In addition, wide application of active spoilers in sports cars and other passenger cars is presumed to augment the market demand in near future. Active spoiler provides a cleaner appearance in comparison with fixed spoilers while traveling at low speeds or when the vehicle is parked. The most usual form is a rear spoiler that withdraws and hides into the rear of the vehicle, then spread out upwards after the vehicle surpasses a specific speed.
The prominent market players in the automotive active spoiler market include 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).
The report for Global Automotive Active Spoiler of Market Research Future comprises extensive primary research along with the detaled analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Geographically, the global automotive active spoiler market has been divided into four major regions such as North America, Europe, Asia-Pacific, and The Rest of the World. Amongst all the regions, North America is predicted to be the major revenue contributor and dominate the market growth during the forecast period followed by Europe. Recently, AUDI designed the sliding wing technology, patented with United States Patent and Trademark Office (USPTO) in order to improve aerodynamics on SUV to reduce drag. Major contribution to the active spoiler market in the US has resulted in rising count in adoption of supercars in North America. High innovations in active spoilers & substantial growth in manufacturing industry across the region is anticipated to drive the demand for active spoiler market. Stringent emission standards of European Commission have led to rapid adoption of active aerodynamic components into the European vehicles. Moreover, the target set by Europe to adopt CO2 emission reduction technologies have led the vehicle manufacturers to find solutions in order to meet the target and expected to boost the market demand over the forecast period.
|Market Size||2030: Significant Value|
|CAGR||6.9% CAGR (2022-2030)|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Material Type|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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)|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||Increase in demand observed for aerodynamic performance of automobile|
The active spoiler market is anticipated to expand at 6.9% CAGR.
AUDI AG (Germany), Porsche AG (Germany), Lexus (Japan), McLaren (UK), Daimler AG (Germany), Bugatti Automobiles (France)
The type-based segments of the active spoiler market are front spoiler market, pedestal spoiler marker, lighted spoiler market, roof spoiler market, and lip spoiler market.
By material type, the segments of the active spoiler market are ABS plastic, silicon, fiberglass, and carbon fiber.
North America is projected to secure the forefront position.
Increase in demand observed for aerodynamic performance of automobiles is poised to drive the growth of the active spoiler market.