Market Analysis
The global Active spoiler market will develop at a healthy 6.9% CAGR between the forecast period 2022-2030, according to the new Market Research Future (MRFR) analysis. Automotive active spoiler is required for dynamic adjustments of the car for changing the spoiling effect. The spoiler will outspread the wings depending on the speed limit to have maximum control and with minimum drag. Lip spoiler, roof spoiler, pedestal spoiler, lighted spoiler, and front spoiler are its different types and are generally made of different materials such as carbon fiber, silicon, fiberglass, and ABS plastic.
Various factors are fuelling the global automotive active spoiler market share. According to the recent MRFR market estimates, such factors include growing adoption of hyper cars, rising popularity of carbon fiber Automotive active spoiler, increasing down force at high speed, growing adoption of rear and front dynamic systems in automotive, and aerodynamic advantages and versatile appearance. Besides, some of its alluring features such as corrosion resistance, workability, and the higher-strength-to-weight ratio is also adding market growth. On the contrary, increasing price of automotive OEMs, high installment and high base prices of automotive active rear spoilers, and the impact of the COVID-19 pandemic are factors that may limit the global Active spoiler market growth over the forecast period.
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Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global Active spoiler market based on material type and type.
By type, the Active spoiler market is segmented into lip spoiler market, roof spoiler market, pedestal spoiler market, lighted spoiler market, and front spoiler market.
By material type, the Active spoiler market is segmented into carbon fiber, silicon, fiberglass, and ABS plastic.
Regional Analysis
By region, the global Active spoiler market covers the growth opportunity and recent trends across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, North America will lead the market over the forecast period. The availability of sliding wing technology, rising adoption of supercars, high innovations in Automotive active spoilers, substantial growth in the manufacturing industry, high penetration of technologically advanced and high cost products, commercial vehicles and passenger cars equipped with advanced automotive active rear spoilers having high efficiency and the latest design, and substantial sales of luxury cars and sports cars in Canada and the US are adding to the global Active spoiler market growth in the region.
The global Active spoiler market in Europe is predicted to have the second-largest share over the forecast period. The rapid adoption of active aerodynamic components, the focus of manufacturers to develop cost-effective manufacturing technologies, stringent emission standards, commercialization of products at a large scale, and development of advanced luxury and sports cars are adding to the global Active spoiler market growth in the region.
The global Active spoiler market in the APAC region is predicted to have healthy growth over the forecast period. High annual sales of passenger cars, the presence of several top manufacturers, and high investments by automakers are adding to the global Active spoiler market growth in the region.
The global Active spoiler market in the RoW is predicted to have sound growth over the forecast period.
Key Players
Key contenders profiled in the global automotive Active spoiler market report include Ferrari (Italy), Pagani Automobili (Italy), Koenigsegg Automotive AB (Sweden), BMW AG (Germany), Bugatti Automobiles (France), Daimler AG (Germany), McLaren (UK), Lexus (Japan), Porsche AG (Germany), and AUDI AG (Germany), among others. Industry players have incorporated several strategies to stay at the forefront and also suffice the consumers growing needs, such as mergers and acquisitions, new product launches and development, strategic alliances, geographic expansions, extensive R&D activities, and others.
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