Automotive Rear Spoiler Market Size, Share & Growth [2030]

Report Description

The global automotive rear spoiler market size was USD 3.4 Bn in 2021 and is likely to reach USD 6.8 Bn by 2030, expanding at a CAGR of 6.8% during 2022–2030. The market growth is attributed to the rapid adoption of rear spoilers to improve the aesthetics and reduce the airlift of the car.

A rear spoiler is an automobile accessory that is used to improve its aerodynamics and enhances the aesthetics of a car. It spoils the undesired air movement across the body of the vehicle as it moves. This is also called drag or turbulence. The main application of spoilers is to get smoother airflow around the vehicle and help to get better traction and easily grip the road.

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Rear spoilers are especially important for high-speed cars as the increased speed of the vehicle creates a lift that can decrease the grip of the road and can lead to an accident. It is also used to improve the aesthetics of the car and to give it a stylish and premium look. Spoilers were originally developed for high-performance cars but now these are commonly used for hatchbacks, SUVs, and MPVs also.

Spoilers can be made up of using several materials such as carbon fiber, sheet metal, Acrylonitrile Butadiene Styrene (ABS Plastic), and fiberglass. Rear spoilers have become an integrated part of a car as manufacturers are launching cars with installed rear spoilers. Spoilers help to add more visibility to the rear of the vehicle which ensures while driving on the road, people can easily notice the car. These are more useful for smaller cars.

One of the major benefits of adding these spoilers to a car is to reduce the drag which helps to boost fuel efficiency. Manufacturers are adding rear spoilers to passenger cars to increase stability. Materials that are used for manufacturing rear spoilers are lightweight and at the same time, they are used to make a car more efficient.

COVID-19 Impact on Global Automotive Rear Spoiler Market

The market report finds that the COVID-19 pandemic hindered the global automotive rear spoiler market due to the sudden disruption in the manufacturing cycle. The pandemic heavily affected major global industries which include the automotive industry also. The sudden global lockdown affected the supply chain of the automotive rear spoiler market which decreased the global demand for rear spoilers.

Governments across the globe imposed strict regulations for the COVID-19 pandemic to prevent the spread of the virus which includes social distancing. The lack of working labor due to the social distancing regulations majorly hampered the global market. Lack of raw materials in the manufacturing units as governments across the globe imposed strict regulations on traveling and transportation which hindered the global automotive rear spoiler market.

Market Dynamics of the Global Automotive Rear Spoiler Market

The research report presents a complete market overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The automotive rear spoiler market report has up-to-date insights about market scenarios that can shape the overall market performance and output during the forecast period, 2022 to 2030.

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What are the Key Factors Propelling the Global Automotive Rear Spoiler Market?

Increasing demand for High-Speed Cars with Enhanced Aesthetics

The increasing demand for high-speed cars with enhanced aesthetics can fuel the global market in the coming years. Rear spoilers help to enhance the aesthetics of cars and give them a premium look as consumers are shifting their focus from SUVs and MVPs to high-speed aesthetic cars for premium looks. Manufacturers are also shifting their focus as per the customers’ requirements which can increase the demand for the rear spoiler in the global market.

Which Key Factors are Restraining the Growth of the Global Automotive Rear Spoiler Market?

The High Cost of Rear Spoilers

The high cost of rear spoilers can hinder the global automotive rear spoiler market. Rear spoilers offer aesthetic looks for cars, especially for sports and sedan cars but these are expensive so it can affect the demand for rear spoilers. This can ultimately hamper the market growth.

What are the Growth Opportunities in the Global Automotive Rear Spoiler Market?

Increasing Awareness Regarding the Benefits of Using Rear Spoilers

Increasing awareness regarding the use of rear spoilers can produce lucrative opportunities for the global rear spoiler market. Rear spoilers offer various benefits for cars such as the spoiler raising the downward force at the back of the car increasing breaking ability and traction.

Scope of the Global Automotive Rear Spoiler Market

The automotive rear spoiler market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights of the Global Automotive Rear Spoiler Market

What Key Factors Contribute to the Rapid Expansion of the Material Segment?

Rising Demand for ABS Plastic Material due to Cheaper and Easy Availability

Based on material, the global automotive rear spoiler market is segregated into sheet metal, fiberglass, Acrylonitrile Butadiene Styrene (ABS), and carbon fiber & carbon fiber reinforced plastic.

The Acrylonitrile Butadiene Styrene (ABS plastic) segment is expected to expand at a significant growth rate during the projected period owing to the wide use of ABS plastic in rear spoiler manufacturing as it is cheap and easily available. ABS is heat and chemical-resistant and these are less susceptible to dents which increases the durability of the rear spoiler with this type of material. ABS plastic has stronger properties than other products which can increase the demand for ABS plastic material in the global market.

The carbon fiber & carbon fiber reinforced plastic segment is anticipated to hold a key share of the market in the coming years due to its durability, incredible strength, and this is lightweight. It also helps to reduce weight and this material is strong but susceptible to cracking just like fiberglass. The durability and premium look of carbon fiber can increase the demand for it for vehicles in the coming years.

How is the Distribution Channel Segment generating More Revenue Share in the Global Automotive Rear Spoiler Market?

Rapid Growth in OEMs and Aftermarkets

In terms of distribution channels, the global market is bifurcated into OEMs and aftermarkets. OEMs are Original Equipment Manufacturers which means OEM is the original producer of the vehicle’s component.

OEMs offer various advantages such as if a consumer chooses OEMs to replace the damaged components of a vehicle, the consumer can get replacement parts fully compatible with the vehicle and standard quality. OEM parts and installation are usually guaranteed by the automakers which is one of the major factors to fuel the market growth.

Aftermarkets are the secondary market for the automotive industry which deals with the manufacturing, retailing, remanufacturing, and installation of automotive parts. Consumers can add rear spoilers in the secondary market to enhance the aesthetics of their cars. The advantage of aftermarkets is sometimes consumers can get better quality products than OEMs at a cheaper price. The aftermarket is gaining rapid traction in emerging economies such as China and India which can boost the global market in the coming years.

What are the Main Aspects for Boosting the Fuel Type Segment?

The Growing Use of ICE-based Vehicles owing to Low-cost Production

On the basis of fuel type, the global market is segregated into Internal Combustion Engines (ICE), Battery Electric Vehicles (BEV), and others. The ICE segment is projected to register a considerable CAGR during the forecast period due to the low-cost production and buying the ICE-based vehicles is cheaper than the other vehicle. Moreover, the increasing number of ICE-based vehicles across the globe can increase the demand for rear spoilers can boost the segment.

On the other hand, the BEV segment is anticipated to account for a major market share in the coming years owing to the rapid adoption of electric vehicles (EVs) across the globe. Electric vehicles are gaining rapid popularity as they are eco-friendly and offer various advantages over ICE-based vehicles. Increasing government initiatives to increase the usage of EVs to reduce carbon emissions can increase the demand for rear spoilers during the forecast period.

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What Key Factors Contribute to the Rapid Expansion of the Manufacturing Segment?

Increasing Use of Blow Molding type

On the basis of manufacturing type, the global rear spoiler market is divided into injection molding, blow molding, and reaction injection molding. The blow molding segment held the major market in 2021 and is expected to expand at a significant rate due to the cost of blow molding is lower than injection molding. Machinery cost for blow molding is lower as well which is beneficial for manufacturers that can increase the demand for blow molding manufacturing style in the coming years.

The injection modeling is to register a considerable CAGR during the forecast period owing to the various advantages such as flexibility in being able to change the type of material or color that is being used, highly engineered tooling, and detailed multi-cavity mold options. Rapid growth in demand for injection modeling is due to its capacity for mass production and high-volume orders which is likely to boost the market growth.

What are the Main Aspects for Boosting the Vehicle Segment?

Rising Adoption of Hatchbacks owing to the Affordability

In the terms of vehicle type, the global market is segregated into sports, SUV, MPV, and hatchbacks. Rear spoilers are widely used in sports cars to make them aerodynamic and give an aesthetic and appealing look to cars. The use of rear spoilers in hatchbacks and SUVs has increased due to the advantages it offers such as it creates better airflow around and over the car and it creates a downforce that increases the vehicle’s grip on the road. With the help of added traction, the vehicle can be easily controlled without the need for extra weight.

The hatchbacks segment is likely to expand at a significant growth due to the affordability and compact size of cars. The demand for lightweight vehicles has increased in recent years due to greater fuel efficiency. Rear spoilers are used in hatchbacks to improve the overall look of the car and help to control the traction and speed of the car.

SUVs segment is to register a considerable CAGR during the forecast period owing to the wide use of rear spoilers in SUVs to reduce air drag which helps improve better fuel mileage. The spoiler on the SUV is made to provide less wind resistance and drag on the road so the airflow can be better across the back of the car.

Why is North America dominating the Global Automotive Rear Spoiler Market?

Presence of Major Key Players in the Region and Rising Demand for Passenger Cars

In terms of region, the automotive rear spoiler market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market size of North America is expected to expand at a significant rate due to the presence of major key players in the region and rising demand for passenger cars. As per the cars per capita, the US has a higher number of motor vehicles per person compared to other countries.

Additionally, according to the US Department of Transportation, California has the highest number of registered vehicles. It registered over 30 million trucks and automobiles in 2020, with a population of approximately 40 million people in the state. This can be one of the major factors fueling the demand for rear spoilers in the region.

Asia Pacific is likely to register a considerable CAGR during the forecast period due to the increasing demand for cars, both passenger and commercial types of cars can boost the market growth. Rising consolidation among part distributors can propel the global market in the region in the coming years.

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