An automotive spoiler is a type of aerodynamic device designed to spoil the unfavorable air across the vehicle body. Active rear spoilers are widely utilized in hyper cars. In racing vehicles, active spoilers are utilized for achieving high speed and control. Considering respective need, spoilers are made from various materials like ABS plastic, silicon, fiberglass and carbon fiber. Most commonly used material is carbon fiber due to its characteristic of corrosion resistance, and workability. Automotive spoiler market is expected to witness promising growth in coming years.
MARKET SCOPE
The "Global Automotive Spoiler Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the automotive spoiler market with detailed market segmentation by type, material type, application, and geography. The report provides key statistics on the market status of the leading automotive spoiler market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on type, the global automotive spoiler market is segmented into front spoiler, lighted spoiler, pedestal spoiler, roof spoiler, and lip spoiler.
? On the basis of material type, the market is segmented into ABS plastic, fiberglass, silicon and carbon fiber.
? Based on application, the market is bifurcated into passenger vehicle, racing cars and commercial vehicles.
MARKET DYNAMICS
Drivers:
? Growing demand for multi-purpose vehicles and sports utility vehicles all over the world.
? Increasing per capita disposable income to boost market growth of automotive spoilers.
? Rising count of racing events drive the demand for automotive spoilers of respective types
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive spoiler market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive spoiler market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE SPOILER MARKET
The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. This pandemic restricted the movement of people from one place to another. Also, many racing events were not organized during 2020-21. This has impacted the sales of automotive spoilers to a great extent.
MARKET PLAYERS
The report covers key developments in the automotive spoiler market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from automotive spoiler market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive spoiler in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive spoiler market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? Aeromotions
? Albar Industries Inc.
? APR Performance
? DAR Spoilers
? Dawn Enterprises, Inc.
? INOAC CORPORATION
? POLYTEC Holding AG
? REHAU
? SEIBON CARBON
? Volkswagen