Rear Spoiler Market Size By Technology (Blow Molding, Injection Molding, Reaction Injection Molding), By Material (ABS Plastic, Fiberglass, Carbon Fiber, Sheet Metal), By Fuel (ICE [Internal Combustion Engine], BEV [Battery Electric Vehicle], Others [Hybrid]) By Vehicle (Hatchback, SUV [Sports Utility Vehicle], MPV [Multi-Purpose Vehicle])), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Rear Spoiler Market Size

Rear Spoiler Market size valued at USD 3.6 billion in 2017 and is estimated to exhibit over 5.3% CAGR from 2018 to 2024.

Increasing demand for performance cars with enhanced aesthetic appearance will surge the rear spoiler market size in the forecast timeframe. Vehicle manufacturers are introducing vehicle models pre-equipped with rear spoilers to enhance the traction and improve control in high speed. For instance, in February 2019, Mahindra & Mahindra launched compact SUV model Mahindra XUV 300 equipped with rear spoiler. Moreover, rising per capita income has increased spending on vehicle accessories thereby driving the industry growth.
 

Automotive manufacturers are continuously involved in extensive R&D to improve the vehicle performance. The rear spoilers reduce the overall drag force that enhances the fuel efficiency. Growing demand of light weight vehicles has triggered the manufacturers and designer to develop advanced spoilers with reduced weight. For instance, in December 2017, McLaren launched McLaren Senna with upward rising rear spoilers. The carbon fiber spoiler weighs 4.89 kg and capable of producing downforce of over 100 times of its weight.
 

Government authorities and regulatory bodies are formulating design standards, and regulation pertaining to installation of rear spoilers on the vehicles. Department of Planning, Transport and Infrastructure under the Government of South Australia has formulated regulations stating requirements of rear spoilers in aftermarket. It restricts sharp edges in the product that could increase the severity of injuries to other road users.
 

Rear Spoiler Market Analysis

Injection molding technology will exhibit significant growth in the rear spoiler market share owing to high efficiency and ease of molding complex component design. The technology offers superior design flexibility for molding different materials in different colors. Further, it ensures consistent production and enhanced strength as compared to other technologies. The technology has ability to reduce wastes and labor costs thereby augmenting the segment penetration.
 

Blow molding will dominate the market share in the forecast timeframe owing to rapid and high-volume production capabilities. It requires lower pressure that reduces the mold and machinery costs. Increasing automation in the process is improving the precision in manufacturing technology. Additionally, it enables three-dimensional molding for unified part integration, thereby, enhancing the industry growth.
 

Carbon fiber segment will witness strong growth owing to superior weight to strength ratio and flexibility. The ability of carbon fiber to withstand high pressure allows its implementation for extreme conditions. Lower weight of carbon fiber spoilers reduces the overall weight of the car, lowering the center of gravity while offering superior road grip.
 

ABS Plastics dominates the industry size with high tensile strength coupled and shock absorbance capability. Lower melting point and glass transition temperature enables easy material handling. Moreover, superior impact and scratch resistance along with high heat resistivity of the material makes it suitable for automotive application.
 

Hybrid rear spoiler market size will witness a strong growth owing to increasing government support for low emission vehicles. Ongoing initiatives to reduce fossil fuel consumption and carbon emission will enhance the segment penetration. The hybrid and electric vehicle manufacturers are implementing the spoilers to improve drag performance.
 

The internal combustion engine leads the industry size owing to large vehicle fleet size. The vehicles deliver superior performance owing to higher power to weight ratio. Higher speed attained by the ICE vehicles increases the requirement of rear spoilers to balance the aerodynamic force developed on the vehicle.
 

Sports utility vehicle dominates the market share owing to increasing vehicle sales. Factors including superior comfort and seating space is driving the vehicle demand. The automotive OEMs are implementing the spoilers to eliminate the aerodynamic lift and improve fuel efficiency. The components increase the fuel economy by several miles per gallon.
 

Hatchback vehicle will foresee significant growth with its installation to improve braking stability. The spoilers impart downward force on rear vehicles that improves grip in high-speed cornering and braking condition. Further, growing demand for sedan vehicles will drive the segment penetration over the study timeframe.
 

OEMs will witness strong growth owing to the optimized costs of pre-installed products. The automobile manufacturers are offering vehicles with rear spoilers to enhance vehicle performance. In July 2019, Hyundai announced to launch Sonata with rear spoiler and cascading grille to improve vehicle handling capability.
 

Aftermarket leads the rear spoiler market size with its installation to improve vehicle aesthetics. The vehicle owners implement spoilers to improve turning, accelerating and smoothness. Emergence of DIY and DIFM activities will support the segment penetration. Aftermarket players are offering products at varied prices to increase product demand. Further, increasing vehicle refurbishment activities will induce significant growth potential in industry landscape.
 

Asia Pacific leads the rear spoiler market size owing to increasing vehicle production in the region. According to OICA, in 2018, the vehicle production surged by around 8% as compared to 2017. Emerging nations are enhancing the production capability to strengthen their manufacturing sector. For instance, in 2017, China produced around 24.81 million units of passenger cars followed by Japan accounting for 8.35 million units, thereby enhancing the industry growth.
 

North America market will witness strong growth with the presence of manufacturers including DAR Spoilers and Magna International Inc. Growing demand for electric and hybrid vehicles is positively influencing the product demand. According to the U.S. Department of Energy, in 2017, the hybrid electric vehicles sales increased by over 6% as compared to 2016.
 

Rear Spoiler Market Share

Key rear spoiler industry participants include

• Magna International Inc.
• Thai Rung Union Car Plc.
• SMP Automotive
• P.U. Tech Spoiler
• DAR Spoilers
• Jiangnan Mould and Plastic Technology Co., Ltd.
• Inoac Corporation
• Mitsubishi Plastics Omnium

The industry players are undergoing strategic collaboration and product development to strengthen their regional presence. For instance, in May 2016, Magna International introduced rear spoilers for Chrysler Pacifica model.
 

Industry Background

Government organizations including National Highway Safety Traffic Administration (NHTSA), South Australia Government regulate the installation of automotive components for OEMs and aftermarket. SA regulation, “MR800 Hazardous Projections” provides the requirement of spoiler projections and spoiler share.