Rear Spoiler Market Forecast Report 2024 - Industry Growth & Business Statistics

North America rear spoiler market will emerge as the major revenue pocket by accumulating over USD 1.8 billion by 2024. As the product is extensively used in the SUVs, drop in SUV prices will augment high demand for the rear spoilers. Owing to the escalating growth of utility vehicles in the region.
Industry players are consistently evolving the product parameters by manufacturing spoilers with reduced weight and increased downforce. For this, the manufacturers have been preferring for advanced materials such as carbon fiber and reinforced fiberglass. Growing proliferation of high-performance cars which necessitates light-weight body parts may accelerate the rear spoiler industry outlook.
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Rear spoiler market is expected to continue its upward ascent in the forthcoming seven years. While rear spoilers are heavily deployed for improving aerodynamics and fuel efficiency, they are also used to lend a sportier look to cars. As global sales for vehicles experience a massive increase, the target market for external automobile décor has also been gaining momentum. In consequence, this demand is expected to heavily influence rear spoiler industry size, projected to cross 44 million units in terms of volume by 2024.
Pivotal behemoths in the automotive industry have been increasing their efforts to find innovative ways for reducing a vehicle’s overall weight and adding to its fuel efficiency. These efforts eventually target the growth of rear spoiler market, given that these products improve a car’s aerodynamics and increase traction on the rear end of the vehicle. They are also reputed to increase the safety feature in vehicles, by increasing the grip of the car while making turns. It would therefore, be rather justified to state that rear spoiler industry has experienced a positive boost with the growing demand of SUVs, since the addition of a rear spoiler to the back of the SUV makes it more stable at higher speeds.
Apart from plastic, carbon fiber is also another popular material that is taking the rear spoiler industry by storm, not only because of its light weight but also due to its desirable appearance and durability. In 2016, carbon fiber based rear spoiler market was valued at USD 700 million and is expected to perform equally well in the forecast period of 2017-2024.
Ironically, most vehicles are not sold with a pre-installed rear spoiler. However, many consumers like the appearance a rear spoiler can add to a vehicle, owing to which they often tend to install one themselves. Eventually, this is expected to give the aftermarket for rear spoilers a strong place in the industry – as per estimates, aftermarket sales will account for 75% of the rear spoiler industry by 2024.
The restrictions imposed on the speed limit for vehicles has somewhat dampened the rear spoiler market share, given that a vehicle would actually not need a rear spoiler unless it is moving at a high speed. But the increasing demand for sports and high-speed cars as well as the desire to add a sporty look to the vehicle has fueled the growth of rear spoiler industry. Besides, it is also noteworthy to state that practical necessities like adding traction, increasing fuel efficiency, adding visibility, and increasing braking stability have also provided a positive stimulus to the rear spoiler industry size.
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Partial Chapter of the Table of Content
Chapter 4    Rear Spoiler Market, By Technology
4.1    Global market share by technology, 2016 & 2024
4.2    Blow Molding
4.3    Injection molding
4.4    Reaction injection molding
Chapter 5    Rear Spoiler Market, By Material
5.1    Global market share by material, 2016 & 2024
5.2    ABS Plastic
5.3    Fiberglass
5.4    Carbon fiber
5.5    Sheet Metal
Chapter 6    Rear Spoiler Market, By Fuel
6.1    Global market share by fuel, 2016 & 2024
6.2    ICE
6.3    BEV
6.4    Hybrid
Chapter 7    Rear Spoiler Market, By Vehicle
7.1    Global market share by vehicle, 2016 & 2024
7.2    Hatchback
7.3    SUV
7.4    MPV
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