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Automotive Spoiler Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Front Spoiler, Rear Spoiler, Roof Spoiler, and Others), By Material Type (Carbon Fiber, Fiberglass, ABS Plastic, and Others), By Sales Channel (OEM and Aftermarket), and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI107995 | Status : Ongoing

 

KEY MARKET INSIGHTS

The automotive market has been experiencing significant growth in recent years and is poised to continue expanding in the coming years. A spoiler is an automotive aerodynamic component whose intended design function is to spoil or bifurcate unfavorable air movement across a vehicle's body in moving, usually known as turbulence or drag. Spoilers, also referred to as air dams, are frequently installed on race cars and high-performance sports vehicles, but they have also gained popularity in passenger vehicles. One of the key drivers of the growth of the automotive spoiler market is the increasing demand for sport and performance-oriented vehicles. Advanced spoiler designs, such as adjusted spoilers that can adapt to different driving conditions, are also gaining significant movement in the automotive spoiler industry. With the continuous development of innovative techniques and the expansion of the aftermarket segment, the market is expected to thrive in the forecasted period.


Impact of COVID-19 on the Automotive Spoiler Market


COVID-19 had a significant effect on the automotive sector. The pandemic resulted in a decline in automotive sales worldwide as people faced financial uncertainties and restricted their spending. With fewer vehicles being sold, the demand for automotive spoilers decreased as well. Consumers became more focused on essential purchases, leading to a slowdown in the aftermarket segment.

Post COVID-19 changes in Consumer behavior and rapid adoption of high-performance vehicles have led to a surge in demand for components like active spoilers. As economies recover and consumer confidence improves, automotive sales are likely to rebound. With an increase in vehicle sales, the demand for automotive spoilers is expected to rise as well. Consumers are once again showing interest in sportier and customized vehicles, driving the demand for spoilers. Overall the active spoilers market is expected to grow highly post-COVID-19 as Vehicles get significant traction and popularity.

Key Insights


The report will cover the following key insights:


  • Key Industry Developments – Mergers, Acquisitions, and Partnerships.

  • Porter's Five Forces Analysis.

  • Technological Developments.

  • Impact of COVID-19 on Automotive Spoiler Market.


Analysis by Material Type


The growing demand for lightweight and durable automotive components is driving the fiberglass spoilers segment to dominate the market. The Rear spoiler made of Fiberglass is expected to lead the segment because these spoilers are cost economical and lightweight. Also, they have strong structural integrity around the body frame they are mounted upon. They are designed to disrupt the airflow over the vehicle and improve traction, stability, and drag. Fiberglass, however, can be molded into any shape and form and is most commonly used in spoilers. The demand for sustainable, lightweight, performance spoilers with composites and the growing inclination of individuals towards high-performance vehicles will drive the market in the coming years.

Analysis by Sales Channel


The sales channel segment includes OEM and Aftermarket. The aftermarket segment is expected to grow as installing these spoilers is relatively cheaper. As the number of vehicles on the road increases and older vehicles remain in use, there is a continual demand for replacement performance parts and upgrade packages. The aftermarket for automotive spoilers benefits from the need to replace worn-out or damaged aerodynamic components.

Analysis by Region


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The Asia Pacific region has experienced rapid automotive production and sales growth, driven by an increasing population, rising disposable incomes, and urbanization. This growth in the automotive sector contributes to the demand for various automotive components, including spoilers. The highest growth rate is expected in the Asia Pacific market, especially Japan and China, owing to the presence of key auto manufacturers and after-sales active mods support. These after-sales support require repair and overhaul shops with retrofitted spoilers on cars. This will have a rising impact on sales of spoilers in Asia.

Key Players Covered


Magna International (Canada), Polytec Group (Austria), Thule Group AB (Sweden), APR Performance (U.S), VIS Racing Sports (U.S), Toyota Gazoo Racing (Japan), Mugen Co. Ltd. (Japan), Nismo Motorsports International (Japan), Spoiler King LLC (U.S.), and AutoTecknic (U.S.)

Segmentation


















By Product Type


By Material Type


By Sales Channel


By region



  • Front Spoiler

  • Rear Spoiler

  • Roof Spoiler

  • Others




  • Carbon Fiber

  • Fiberglass

  • ABS Plastic

  • Others




  • OEM

  • Aftermarket




  • North America (U.S., Canada, and Mexico)

  • Europe (U.K., Germany, France, and Rest of Europe)

  • Asia Pacific (China, India, Japan, South Korea, and Rest of APAC)

  • Rest of the World



Key Industry Developments



  • December 2022: Bugatti unveiled a new wig for its cars with duckbill spoilers; this element performs two duties, first, maintaining stability at the increased top speed compared to the vehicle on which it's based, and second, creating a negative pressure zone that extricates heat from the engine bay through vents within the wing itself.

  • October 2022: Honda Launched a new kind of retracting rear spoiler, integrated into the tailgate's upper edge, which remains out of sight at low speeds and only appears at higher speeds where it can bring an aerodynamic benefit. But, while most other retractable spoilers are usually heavy and complicated, the proposed Honda spoiler is much simpler and lighter, thanks to its unique construction.





  • Ongoing
  • 2023
  • 2019-2022

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