Global Rear Spoiler Market Size study & Forecast, by Technology Type (Blow molding, Injection molding, Reaction Injection molding), by Material (ABS, Carbon Fiber, Fiberglass, Sheet Metal, Others), by Vehicle Type (Hatchback, SUV, MPV), by Sales Channel (OEM, Aftermarket) and Regional Analysis, 2023-2030
Global Rear Spoiler Market is valued at approximately USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030. A Rear Spoiler is an aerodynamic device mounted on the rear of a vehicle to modify airflow and improve its stability and performance. The Rear Spoiler market is expanding because of factors such as increasing demand for SUVs and MUVs and rising expenses on luxury vehicles. Rear spoilers are designed to improve a vehicle's aerodynamic performance by disrupting and controlling the airflow as the vehicle moves. This helps reduce drag and lift, which can lead to better stability, improved handling, and increased fuel efficiency, especially at higher speeds. As a result, the demand for Rear Spoiler has progressively increased in the international market during the forecast period 2023-2030.
SUVs and MUVs are typically larger and taller vehicles, which can create significant aerodynamic drag at high speeds. The installation of a rear spoiler helps in managing the airflow over the vehicle, reducing drag, and improving overall aerodynamic efficiency. This, in turn, enhances fuel efficiency, which is a critical factor for consumers considering the rising fuel costs. According to Statista, in 2020, approximately 40.5 million conventional cars were sold worldwide. Furthermore, in 2022, there were around 3 million passenger vehicles sold in India. Another important factor that drives the Rear Spoiler market is the increasing demand for luxury vehicles. Luxury vehicles often boast powerful engines and advanced engineering for improved driving dynamics. The addition of a rear spoiler helps optimize aerodynamics by managing airflow around the vehicle, thereby enhancing stability and handling at higher speeds. This association with improved performance resonates with enthusiasts and buyers seeking premium driving experience. In addition, as per Statista, in 2022, the global luxury cars market accounts for USD 619.59 billion, an estimated increase of more than 9% year-on-year. Moreover, rising disposable income and the increasing popularity of automobile racing competitions are anticipated to create lucrative growth opportunities for the market over the forecast period. However, the high cost of Rear Spoiler is going to impede overall market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Rear Spoiler Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of important key players in the area and the growing demand for passenger vehicles in the region. The region’s dominant performance is anticipated to propel the overall demand for Rear Spoiler. Furthermore, Asia Pacific is expected to grow fastest during the forecast period, owing to factors such as the increasing popularity of automobile racing and rising demand of automobiles in the region.
Major market player included in this report are:
Jiangnan Mould & Plastic Technology Co., Ltd.
Inoac Corporation
Plastic Omnium Group
SMP Automotive Systems Holding SE
Magna International Inc.
Aisin Seiki Co., Ltd.
KREMANN UND ESSER GmbH & Co. KG
SUSPA Inc.
Polytec Group
DAR Spoilers GmbH
Recent Developments in the Market:
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Technology Type
Blow molding
Injection molding
Reaction Injection molding
By Material
ABS
Carbon Fiber
Fiberglass
Sheet Metal
Others
By Vehicle Type
Hatchback
SUV
MPV
By Sales Channel
OEM
Aftermarket
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
SUVs and MUVs are typically larger and taller vehicles, which can create significant aerodynamic drag at high speeds. The installation of a rear spoiler helps in managing the airflow over the vehicle, reducing drag, and improving overall aerodynamic efficiency. This, in turn, enhances fuel efficiency, which is a critical factor for consumers considering the rising fuel costs. According to Statista, in 2020, approximately 40.5 million conventional cars were sold worldwide. Furthermore, in 2022, there were around 3 million passenger vehicles sold in India. Another important factor that drives the Rear Spoiler market is the increasing demand for luxury vehicles. Luxury vehicles often boast powerful engines and advanced engineering for improved driving dynamics. The addition of a rear spoiler helps optimize aerodynamics by managing airflow around the vehicle, thereby enhancing stability and handling at higher speeds. This association with improved performance resonates with enthusiasts and buyers seeking premium driving experience. In addition, as per Statista, in 2022, the global luxury cars market accounts for USD 619.59 billion, an estimated increase of more than 9% year-on-year. Moreover, rising disposable income and the increasing popularity of automobile racing competitions are anticipated to create lucrative growth opportunities for the market over the forecast period. However, the high cost of Rear Spoiler is going to impede overall market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Rear Spoiler Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of important key players in the area and the growing demand for passenger vehicles in the region. The region’s dominant performance is anticipated to propel the overall demand for Rear Spoiler. Furthermore, Asia Pacific is expected to grow fastest during the forecast period, owing to factors such as the increasing popularity of automobile racing and rising demand of automobiles in the region.
Major market player included in this report are:
Jiangnan Mould & Plastic Technology Co., Ltd.
Inoac Corporation
Plastic Omnium Group
SMP Automotive Systems Holding SE
Magna International Inc.
Aisin Seiki Co., Ltd.
KREMANN UND ESSER GmbH & Co. KG
SUSPA Inc.
Polytec Group
DAR Spoilers GmbH
Recent Developments in the Market:
- In February 2023 INOAC USA Inc. recently completed the acquisition of ABC Technologies' 50% ownership stake in the former joint venture, ABC INOAC Exterior Systems, to establish an independent and completely owned corporation renamed INOAC Exterior Systems (IES). The addition of four factories with over 1,200 personnel allows INOAC to independently push its strategy in the North American automobile exterior parts market via IES.
- Historical Data – 2020 - 2021
- Base Year for Estimation – 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Technology Type, Material, Vehicle Type, Sales Channel, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Technology Type
Blow molding
Injection molding
Reaction Injection molding
By Material
ABS
Carbon Fiber
Fiberglass
Sheet Metal
Others
By Vehicle Type
Hatchback
SUV
MPV
By Sales Channel
OEM
Aftermarket
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Rear Spoiler Market, by Region, 2020-2030 (USD Billion)
1.2.2. Rear Spoiler Market, by Technology Type, 2020-2030 (USD Billion)
1.2.3. Rear Spoiler Market, by Material, 2020-2030 (USD Billion)
1.2.4. Rear Spoiler Market, by Vehicle Type, 2020-2030 (USD Billion)
1.2.5. Rear Spoiler Market, by Sales Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
CHAPTER 2. GLOBAL REAR SPOILER MARKET DEFINITION AND SCOPE
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
CHAPTER 3. GLOBAL REAR SPOILER MARKET DYNAMICS
3.1. Rear Spoiler Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for SUVs and MUVs
3.1.1.2. Rising expenses on luxury vehicles
3.1.2. Market Challenges
3.1.2.1. Laws regarding car modification
3.1.2.2. High costs of installation and maintenance
3.1.3. Market Opportunities
3.1.3.1. Rising disposable income
3.1.3.2. Growing popularity of automobile racing competitions
CHAPTER 4. GLOBAL REAR SPOILER MARKET INDUSTRY ANALYSIS
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
CHAPTER 5. GLOBAL REAR SPOILER MARKET, BY TECHNOLOGY TYPE
5.1. Market Snapshot
5.2. Global Rear Spoiler Market by Technology Type, Performance - Potential Analysis
5.3. Global Rear Spoiler Market Estimates & Forecasts by Technology Type 2020-2030 (USD Billion)
5.4. Rear Spoiler Market, Sub Segment Analysis
5.4.1. Blow molding
5.4.2. Injection molding
5.4.3. Reaction Injection molding
CHAPTER 6. GLOBAL REAR SPOILER MARKET, BY MATERIAL
6.1. Market Snapshot
6.2. Global Rear Spoiler Market by Material, Performance - Potential Analysis
6.3. Global Rear Spoiler Market Estimates & Forecasts by Material 2020-2030 (USD Billion)
6.4. Rear Spoiler Market, Sub Segment Analysis
6.4.1. ABS
6.4.2. Carbon Fiber
6.4.3. Fiberglass
6.4.4. Sheet Metal
6.4.5. Others
CHAPTER 7. GLOBAL REAR SPOILER MARKET, BY VEHICLE TYPE
7.1. Market Snapshot
7.2. Global Rear Spoiler Market by Vehicle Type, Performance - Potential Analysis
7.3. Global Rear Spoiler Market Estimates & Forecasts by Vehicle Type 2020-2030 (USD Billion)
7.4. Rear Spoiler Market, Sub Segment Analysis
7.4.1. Hatchback
7.4.2. SUV
7.4.3. MPV
CHAPTER 8. GLOBAL REAR SPOILER MARKET, BY SALES CHANNEL
8.1. Market Snapshot
8.2. Global Rear Spoiler Market by Sales Channel, Performance - Potential Analysis
8.3. Global Rear Spoiler Market Estimates & Forecasts by Sales Channel 2020-2030 (USD Billion)
8.4. Rear Spoiler Market, Sub Segment Analysis
8.4.1. OEM
8.4.2. Aftermarket
CHAPTER 9. GLOBAL REAR SPOILER MARKET, REGIONAL ANALYSIS
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Rear Spoiler Market, Regional Market Snapshot
9.4. North America Rear Spoiler Market
9.4.1. U.S. Rear Spoiler Market
9.4.1.1. Technology Type breakdown estimates & forecasts, 2020-2030
9.4.1.2. Material breakdown estimates & forecasts, 2020-2030
9.4.1.3. Vehicle Type breakdown estimates & forecasts, 2020-2030
9.4.1.4. Sales Channel breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Rear Spoiler Market
9.5. Europe Rear Spoiler Market Snapshot
9.5.1. U.K. Rear Spoiler Market
9.5.2. Germany Rear Spoiler Market
9.5.3. France Rear Spoiler Market
9.5.4. Spain Rear Spoiler Market
9.5.5. Italy Rear Spoiler Market
9.5.6. Rest of Europe Rear Spoiler Market
9.6. Asia-Pacific Rear Spoiler Market Snapshot
9.6.1. China Rear Spoiler Market
9.6.2. India Rear Spoiler Market
9.6.3. Japan Rear Spoiler Market
9.6.4. Australia Rear Spoiler Market
9.6.5. South Korea Rear Spoiler Market
9.6.6. Rest of Asia Pacific Rear Spoiler Market
9.7. Latin America Rear Spoiler Market Snapshot
9.7.1. Brazil Rear Spoiler Market
9.7.2. Mexico Rear Spoiler Market
9.8. Middle East & Africa Rear Spoiler Market
9.8.1. Saudi Arabia Rear Spoiler Market
9.8.2. South Africa Rear Spoiler Market
9.8.3. Rest of Middle East & Africa Rear Spoiler Market
CHAPTER 10. COMPETITIVE INTELLIGENCE
10.1. Key Company SWOT Analysis
10.1.1. Company
10.1.2. Company
10.1.3. Company
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Jiangnan Mould & Plastic Technology Co., LTD
10.3.1.1. Key Information
10.3.1.2. Overview
10.3.1.3. Financial (Subject to Data Availability)
10.3.1.4. Product Summary
10.3.1.5. Recent Developments
10.3.2. Inoac Corporation
10.3.3. Plastic Omnium Group
10.3.4. SMP Automotive Systems Holding SE
10.3.5. Magna International Inc.
10.3.6. Aisin Seiki Co., Ltd.
10.3.7. KREMANN UND ESSER GmbH & Co. KG
10.3.8. SUSPA Inc.
10.3.9. Polytec Group
10.3.10. DAR Spoilers GmbH
CHAPTER 11. RESEARCH PROCESS
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Rear Spoiler Market, by Region, 2020-2030 (USD Billion)
1.2.2. Rear Spoiler Market, by Technology Type, 2020-2030 (USD Billion)
1.2.3. Rear Spoiler Market, by Material, 2020-2030 (USD Billion)
1.2.4. Rear Spoiler Market, by Vehicle Type, 2020-2030 (USD Billion)
1.2.5. Rear Spoiler Market, by Sales Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
CHAPTER 2. GLOBAL REAR SPOILER MARKET DEFINITION AND SCOPE
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
CHAPTER 3. GLOBAL REAR SPOILER MARKET DYNAMICS
3.1. Rear Spoiler Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for SUVs and MUVs
3.1.1.2. Rising expenses on luxury vehicles
3.1.2. Market Challenges
3.1.2.1. Laws regarding car modification
3.1.2.2. High costs of installation and maintenance
3.1.3. Market Opportunities
3.1.3.1. Rising disposable income
3.1.3.2. Growing popularity of automobile racing competitions
CHAPTER 4. GLOBAL REAR SPOILER MARKET INDUSTRY ANALYSIS
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
CHAPTER 5. GLOBAL REAR SPOILER MARKET, BY TECHNOLOGY TYPE
5.1. Market Snapshot
5.2. Global Rear Spoiler Market by Technology Type, Performance - Potential Analysis
5.3. Global Rear Spoiler Market Estimates & Forecasts by Technology Type 2020-2030 (USD Billion)
5.4. Rear Spoiler Market, Sub Segment Analysis
5.4.1. Blow molding
5.4.2. Injection molding
5.4.3. Reaction Injection molding
CHAPTER 6. GLOBAL REAR SPOILER MARKET, BY MATERIAL
6.1. Market Snapshot
6.2. Global Rear Spoiler Market by Material, Performance - Potential Analysis
6.3. Global Rear Spoiler Market Estimates & Forecasts by Material 2020-2030 (USD Billion)
6.4. Rear Spoiler Market, Sub Segment Analysis
6.4.1. ABS
6.4.2. Carbon Fiber
6.4.3. Fiberglass
6.4.4. Sheet Metal
6.4.5. Others
CHAPTER 7. GLOBAL REAR SPOILER MARKET, BY VEHICLE TYPE
7.1. Market Snapshot
7.2. Global Rear Spoiler Market by Vehicle Type, Performance - Potential Analysis
7.3. Global Rear Spoiler Market Estimates & Forecasts by Vehicle Type 2020-2030 (USD Billion)
7.4. Rear Spoiler Market, Sub Segment Analysis
7.4.1. Hatchback
7.4.2. SUV
7.4.3. MPV
CHAPTER 8. GLOBAL REAR SPOILER MARKET, BY SALES CHANNEL
8.1. Market Snapshot
8.2. Global Rear Spoiler Market by Sales Channel, Performance - Potential Analysis
8.3. Global Rear Spoiler Market Estimates & Forecasts by Sales Channel 2020-2030 (USD Billion)
8.4. Rear Spoiler Market, Sub Segment Analysis
8.4.1. OEM
8.4.2. Aftermarket
CHAPTER 9. GLOBAL REAR SPOILER MARKET, REGIONAL ANALYSIS
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Rear Spoiler Market, Regional Market Snapshot
9.4. North America Rear Spoiler Market
9.4.1. U.S. Rear Spoiler Market
9.4.1.1. Technology Type breakdown estimates & forecasts, 2020-2030
9.4.1.2. Material breakdown estimates & forecasts, 2020-2030
9.4.1.3. Vehicle Type breakdown estimates & forecasts, 2020-2030
9.4.1.4. Sales Channel breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Rear Spoiler Market
9.5. Europe Rear Spoiler Market Snapshot
9.5.1. U.K. Rear Spoiler Market
9.5.2. Germany Rear Spoiler Market
9.5.3. France Rear Spoiler Market
9.5.4. Spain Rear Spoiler Market
9.5.5. Italy Rear Spoiler Market
9.5.6. Rest of Europe Rear Spoiler Market
9.6. Asia-Pacific Rear Spoiler Market Snapshot
9.6.1. China Rear Spoiler Market
9.6.2. India Rear Spoiler Market
9.6.3. Japan Rear Spoiler Market
9.6.4. Australia Rear Spoiler Market
9.6.5. South Korea Rear Spoiler Market
9.6.6. Rest of Asia Pacific Rear Spoiler Market
9.7. Latin America Rear Spoiler Market Snapshot
9.7.1. Brazil Rear Spoiler Market
9.7.2. Mexico Rear Spoiler Market
9.8. Middle East & Africa Rear Spoiler Market
9.8.1. Saudi Arabia Rear Spoiler Market
9.8.2. South Africa Rear Spoiler Market
9.8.3. Rest of Middle East & Africa Rear Spoiler Market
CHAPTER 10. COMPETITIVE INTELLIGENCE
10.1. Key Company SWOT Analysis
10.1.1. Company
10.1.2. Company
10.1.3. Company
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Jiangnan Mould & Plastic Technology Co., LTD
10.3.1.1. Key Information
10.3.1.2. Overview
10.3.1.3. Financial (Subject to Data Availability)
10.3.1.4. Product Summary
10.3.1.5. Recent Developments
10.3.2. Inoac Corporation
10.3.3. Plastic Omnium Group
10.3.4. SMP Automotive Systems Holding SE
10.3.5. Magna International Inc.
10.3.6. Aisin Seiki Co., Ltd.
10.3.7. KREMANN UND ESSER GmbH & Co. KG
10.3.8. SUSPA Inc.
10.3.9. Polytec Group
10.3.10. DAR Spoilers GmbH
CHAPTER 11. RESEARCH PROCESS
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption
