The Report Rear Spoiler Market Size,
Share & Trends Analysis Report By Vehicle Type (Conventional Car, Green
Vehicle), By System Type (Passive Spoiler, Active Spoiler), By Region, And
Segment Forecasts, 2018 - 2025
The global rear spoiler market size is
expected to reach USD 7.30 billion by 2025, according to a study conducted by
Grand View Research, Inc., progressing at a CAGR of 7.9% during the forecast
period. Soaring need for safe and fuel-efficient vehicles is boosting the
adoption of rear spoilers. They provide increased braking stability that offers
drivers enhanced braking time at high speed.
The North America region
is anticipated to witness considerable growth over the coming years due to
domicile of rear spoiler providers such as Magna International and DAR
Spoilers. Additionally, stringent emission control norms are encouraging users
to invest in rear spoilers. They reduce the drag by pushing air around the
vehicle, which assists in gaining fuel efficiency. Growing emphasis on enhanced
fuel efficiency is triggering the growth of the market in developing regions.
Prominent automobile companies such as Aisin Seiki Co, Ltd are making
significant investments in countries such as China.
However, high costs of
installation and maintenance may hamper the growth of the market over the
forecast period. In order to address the challenge, rear spoiler providers
often offer appropriate devices at affordable prices along with post-sale
services for building customer confidence.
Further key findings from the study suggest:
· The green vehicles segment is expected to
be the fastest growing segment with a CAGR of over 8.0% during the forecast
period, owing to benefits such as low maintenance costs
· Active spoilers offer benefits such as high
aesthetics and reduced torque. The segment is likely to dominate the market
throughout the forecast period, accounting for more than 60.0% of the overall
revenue by 2025
· North America is estimated to be the most
promising region over the forecast period owing to domicile of a large number
of key players
· Some of the prominent companies operating
in the market are Magna International Inc.; Plastic Omnium; Aisin Seiki Co.;
Ltd; DAR Spoilers; INOAC Corporation; and SMP Group.
Grand View Research has
segmented the global rear spoiler market based on vehicle type, system type,
and region:
Rear Spoiler Vehicle Type Outlook (Revenue, USD Million;
2014 - 2025)
·
Conventional Car
·
Green Vehicle
Rear Spoiler System Type Outlook (Revenue, USD Million;
2014 - 2025)
·
Passive Spoiler
·
Active Spoiler
Rear Spoiler Regional Outlook (Revenue, USD Million; 2014 -
2025)
·
North America
·
Europe
·
Asia Pacific
·
South America
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
