Growing Demand for Sports Cars Spur the Growth of the Global Automotive Active Spoiler Market

11/feb/2020 11:08:18 Automotive Market Research Reports Contatta l'autore

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Active Spoiler industry are installed in vehicles to achieve enhanced control with minimum drag. This aerodynamic device nullifies any kind of turbulence or unfavorable air movement when the vehicle is in operation. They offer the advantages of improved braking time and deliver better aerodynamics at high speed. Automotive active spoilers are generally placed in race and high performance sports cars. Aesthetically they allow a cleaner and stylish appearance to the vehicle. Recent figures revealed by Market Research Future (MRFR) in its latest study asserts that the global automotive active spoiler market is set to achieve a CAGR of 6.9% over the forecast period which ends in 2023.

Automotive active spoilers were originally used for racing purpose but are now increasingly gaining traction as an accessory for high performance. Their association with sports car segment gives them the reputation of being a trendy design feature and car manufacturers are increasingly installing them in normal or high-end cars for styling purposes which are adding fuel to the growth of the global automotive active spoilers market. 

Carbon fiber is the preferred choice for automotive active spoilers and has gained massive popularity owing to their superior characteristics. Multiple advantages offered by carbon fiber automotive active spoilers such as higher workability, corrosion resistance, and strength-to-weight ratio have acted in favor of the global automotive active spoilers market. Carbon fibers are lightweight and hence help to improve the fuel efficiency of cars which is a major reason spurring the adoption of carbon fiber automotive active spoilers. This is further complemented by government regulations pertaining to fuel efficiency and emission control complements which encourage the growth of the market.

Other factors fostering the growth of the market include an increase in demand for sports cars and increase overall sales of vehicles. However, the installation of automotive active spoilers raises the cost of production for OEMs which might impede the growth of the market over the forecast period.

Competitive Landscape

The key players in the global automotive active spoiler market include Koenigsegg Automotive AB (Sweden), Porsche AG (Germany), Pagani Automobili (Italy),McLaren (UK), Daimler AG (Germany), BMW AG (Germany), AUDI AG (Germany), Lexus (Japan), Bugatti Automobiles (France), and Ferrari (Italy).

Segmentation

The global automotive active spoiler market has been segmented based on type and material type.

By type, the global automotive active spoiler market has been segmented into front spoiler, lighted spoiler, pedestal spoiler, roof spoiler, and lip spoiler.

By material type, the global automotive active spoiler market has been segmented into ABS plastic, fiberglass, silicon, and carbon fiber.

Regional Analysis

By region, the global automotive active spoiler market has been segmented into North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). North America is expected to be the highest revenue contributor to the global automotive active spoiler market. High sales of sports car in the US is a key factor in boosting the growth of the market. Innovations in spoiler technology coupled with growth in the automotive manufacturing industry foster the growth of the market.

Europe is the second largest market for automotive active spoiler spurred by stringent emission norms laid down by the European Commission which has resulted in fast uptake of active aerodynamic components in vehicles. Moreover, to achieve high CO2 reduction targets, have prompted vehicle manufacturers to integrate automotive active spoilers in vehicles.

APAC is a major automotive manufacturing hub and is coming forward in the adoption of automotive active spoilers which is likely to accelerate the growth of the market over the forecast period.

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