Global Rear Spoiler Market Size, Share, Forecast Report, 2020-2027

The Automotive Collapsible Steering Column market has witnessed transcendent change recently, owing to the rapid technological development in the automotive industry. With the advent of power steering, individuals have been exposed to a steering technology. This technology is not only superior in terms of technology as compared to traditional manual steering systems, but also more responsive and aids fuel efficiency. Electronic control over steering systems are expected to significantly impact the progress in the market owing to the increasing demand from end-users, for improving efficiency, safety and comfort. Additionally, factors such as integration of advanced driver assistance systems in vehicles, combined with improved purchasing power of consumers, across the globe, are expected to further improve the scope of the automotive collapsible steering column market for a considerable period of time. The auto industry, is in consensus that autonomous driving is the way forward, automotive steering manufacturers are expected to be under considerable limelight. With IHS Automotive predicting sales, of over 21 million autonomous vehicles by the end of 2035, there are discussions regarding automotive steering in terms of a “legacy device”. As we enter the age of self-driving cars, there exists a hot debate regarding the importance of steering systems further casting lime lights on the automotive collapsible steering column market.
Key Players

The key players of global automotive collapsible steering column market are Robert Bosch GmbH(Germany), Nexteer Automotive(U.S.), Schaeffler Technologies AG & Co(Germany), Pailton Engineering(U.K.) , JTEKT Corporation(Japan), NSK Ltd.(Japan), Coram Group (Italy), Sweet Manufacturing, Inc.(U.S.) and Douglas Autotech Corporation (U.S.). In 2016, these companies accounted for a share of XX% of the global market.
A rear spoiler is the automatic aerodynamic component that is designed for undesirable air movement across the body when a vehicle is in motion. Spoilers are mainly used in high end sports cars. Nowadays, they are also installed in passenger vehicles for styling. In sports cars, the air movement affects the balance of the car. This air movement affects the movability of the car, which can lead to accidents. To cut the air flow, rear spoiler are used widely to reduce the chance of accidents. Innovation in technology is important to determine the market share of the company in the automotive industry. If the company is highly innovative, the market share will also be greater. In case of rear spoiler market, the technology used is not very complex. So, the technology progress is moderate. Various materials are used to make rear spoilers, efficient and durable. In future, ABS rear spoiler are going to be a trend due to the light weight property and improved fuel efficiency. This shows that technology is one of the important factors affecting the sales of the automotive industry.

Technology innovation in materials, growth in the automotive industry, and boost in SUV production, also drive the market growth during the forecast period. The rear spoiler market is completely dependent on the automotive industry. Thus the increase or decrease in demand of the automotive industry, directly, has an impact on the market. The total vehicle production for the year 2015 was almost 90 million units and is expected to witness further boost and reach more than 100 million units by the year 2023. The income levels of individuals in the recent past has steadily been increasing, resulting in higher disposable income, among individuals. With the rising disposable income among individuals, emerges the scope of increasing expenditure across various industries such as automotive industry. Thus the growth of the rear spoiler market is expected to go hand in hand with the automotive industry. Technology innovation for reducing the overall weight of the vehicle, is expected to drive the market. Reduction in the weight of the spoiler, will improve the fuel efficiency, which will, indirectly, drive the growth of the rear spoiler market during the forecast period. The market for rear spoiler has witnessed tremendous growth, lately, and is expected to grow rapidly during the forecast period. Despite the rapid growth of the rear spoiler market, the fluctuation in raw materials cost associated with rear spoiler, poses a threat. Moreover, development in vehicles and aesthetic features, requires constant research & development support, thus resulting in extensive capital investment at a constant rate. This might also restrain the market.

The rear spoiler market is segmented based on fuel type, material, technology, and vehicle type. On the basis of fuel type, the market is segmented as ICE, BEV, and Others. The Internal Combustion Engine (ICE) is expected to dominate the market during the forecast period due to the enhancement of cars aerodynamic properties. Rear Spoiler is used to enhance the aerodynamic property and to maintain the car balance at high speeds. Due to the increase in accidents, and safety concerns regarding internal combustion engine, rear spoilers are widely used. This increase in the use of rear spoiler is expected to drive the market during the forecast period. Based on material, the market is segmented as ABS, carbon fibre, fibre glass, and sheet metal. ABS segment is expected to dominate the market during the forecast period due to the light weight property and improved fuel efficiency. On the basis of technology, the market is segmented as blow, injection and reaction injection molding. The blow molding segment is expected to dominate the market during the forecast period due to high demand of blow molding used in the manufacturing of rear spoiler.
Key Players

The key players in global rear spoiler market are Magna International Inc. (Canada), Plastic Omnium (France), SMP Automotive (Germany), and Polytec Group (Austria), Albar Industries, Inc. (U.S.), Mercedes-AMG GmbH (Germany), Changzhou Huawei (China), DAR Spoilers (U.S.), P.U. Tech Spoiler (Malaysia), and SRG Global (U.S.).