PUBLISHER: The Business Research Company | PRODUCT CODE: 1546383
PUBLISHER: The Business Research Company | PRODUCT CODE: 1546383
An active spoiler is a vehicle aerodynamic component that adjusts its position or angle based on conditions such as speed, acceleration, braking, or driver inputs. This adjustment aims to increase downforce for stability and grip, reduce drag to enhance fuel efficiency and top speed, improve braking performance, and refine overall handling.
The primary types of active spoilers include front spoilers, lighted spoilers, pedestal spoilers, roof spoilers, and lip spoilers. A front spoiler, positioned at the vehicle's front, enhances airflow management underneath the car to minimize drag. These spoilers are made from materials such as carbon fiber, fiberglass, silicon, ABS plastic, and are utilized across various vehicle types, including passenger cars and commercial vehicles.
The active spoilers market research report is one of a series of new reports from The Business Research Company that provides active spoilers market statistics, including active spoilers industry global market size, regional shares, competitors with an active spoilers market share, detailed active spoilers market segments, market trends, and opportunities, and any further data you may need to thrive in the active spoilers industry. This active spoilers research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The active spoiler market size has grown strongly in recent years. It will grow from $3.31 billion in 2023 to $3.56 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth during the historical period was driven by a heightened emphasis on aerodynamics, the proliferation of high-performance vehicles, rising consumer prioritization of safety, the surging popularity of electric vehicles, and increased production of luxury vehicles.
The active spoiler market size is expected to see strong growth in the next few years. It will grow to $4.84 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. Anticipated growth in the forecast period will be fueled by escalating demand for fuel efficiency, expanding automotive production rates, mounting concerns about environmental impact, the rising utilization of lightweight materials, an expanding global supply chain, and increasing adoption of autonomous vehicles. Key trends expected in this period include technological advancements, integration of advanced aerodynamic features, hybrid vehicle proliferation, adoption of AI, and advancements in connected vehicle technologies.
The active spoiler market is poised for growth due to the rising production of vehicles. Vehicle production encompasses the manufacturing of cars, trucks, motorcycles, and other motor vehicles. This increase is driven by the demand for electric vehicles (EVs), autonomous driving technologies, and enhanced manufacturing processes that bolster production capacities. Active spoilers are integral to modern automotive manufacturing, integrating advanced aerodynamic solutions that enhance vehicle performance, handling, efficiency, and safety. Their adoption reflects the industry's ongoing commitment to innovation, vehicle dynamics, and design enhancement. For example, in 2023, the International Organization of Motor Vehicle Manufacturers (OICA) reported significant global expansion, with total vehicle production reaching 84.83 million units, up from 80.00 million units in 2021. Thus, the heightened vehicle production is fueling the active spoiler market's expansion.
Leading companies in the active spoiler market are focused on innovating new products such as advanced spoilers to enhance vehicle performance. Advanced spoilers are aerodynamic devices installed on vehicles, particularly cars, to improve their stability and performance. In 2021, Roush Performance Products, Inc., a US-based automotive company, introduced the Active Aerodynamic Carbon Fiber Rear Spoiler for the Roush Stage 3 Mustang. This cutting-edge spoiler incorporates advanced materials and dynamic functionalities to enhance speed and handling both on track and road. Its active aerodynamics adjust in real-time to optimize downforce and drag based on speed and conditions. Constructed from lightweight carbon fiber, it reduces weight, enhancing agility and stability during high-speed maneuvers.
In August 2021, Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), acquired a minority stake in Pagani Automobili S.p.A. (Pagani) for an undisclosed amount. This acquisition underscores the Public Investment Fund's strategy to bolster its automotive sector investments by partnering with Pagani, a prestigious luxury car manufacturer renowned for its high-performance and exclusive supercars. Pagani Automobili S.p.A., based in Italy, specializes in manufacturing active spoilers for supercars.
Major companies operating in the active spoiler market are Volkswagen AG, Toyota Motor Corporation, Ford Motor Company, Mercedes-Benz AG, Bayerische Motoren Werke AG, Tesla Inc., Audi AG, ZF Friedrichshafen AG, Continental AG, Valeo S.A., Ferrari S.p.A., Lexus, Aston Martin Lagonda Global Holdings plc, DaikyoNishikawa Corporation, Polytec Group, Extreme Dimensions Inc., Eakas Corporation, CarID, Pagani Automobili S.p.A., Bugatti Automobiles S.A.S., Kuhl Corporation, AC Schnitzer, Seibon International Inc.
North America was the largest region in the active spoiler market in 2023. The regions covered in the active spoiler market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the active spoiler market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The active spoiler market consists of sales of actuators, sensors, electronic control units (ECUS) or control modules, and spoiler kits. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Active Spoiler Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on active spoiler market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for active spoiler ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The active spoiler market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.