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.
Browse full
research report on Rear Spoiler Market: www.grandviewresearch.com/industry-analysis/rear-spoiler-market
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.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/automotive-and-transportation
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
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K
- Asia
Pacific
- China
- Japan
- India
- South
America
- Brazil
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-rear-spoiler-market
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.
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