Roof Edge Spoilers Market

Roof Edge Spoilers Market Outlook (2023-2033)

The global roof edge spoilers market expanded at a CAGR of 2.3% From 2018 to 2022. As per Fact.MR, a market research and competitive intelligence provider, the market is expected to reach a valuation of US$ 1.65 billion in 2023 and further expand at a CAGR of 5.3% to end up at US$ 2.76 billion by 2033. Sales of roof edge spoilers accounted for around 31% share of the global spoilers market at the end of 2022.

A roof edge spoiler is a piece that is attached to a lift gate, which is right above the rear windshield, the rearward-facing edge of a vehicle's roof, or the upper edge of the rear glass. Front and rear spoilers are well-known, but some cars are also equipped with a roof spoiler. This downforce-adding spoiler variation is interesting for specific rear shapes of tuned or untuned automobiles. For hatchbacks, a roof spoiler can be installed to lower buoyancy and give the vehicle a sportier appearance. More information on the spoiler variant is provided below.

A roof edge spoiler adds a different level of sportiness to a vehicle. The surging automotive industry and increasing demand for SUVs and MVPs will thereby positively impact the growth of the roof edge spoilers market. Growing automotive and automobile industries will positively impact roof edge spoilers market growth. Increasing penetration of automobiles in countries such as the U.S., China, Germany, and many others will set the stage for the usage of roof edge spoilers. Introduction of advanced technologies in the rear side of cars and also the rising demand for SUVs and MPVs in the long run will propel market growth throughout the forecast period.

Report Attributes	Details
Market Size (2022A)	US$ 1.6 Billion
Estimated Market Value (2023E)	US$ 1.65 Billion
Forecasted Market Value (2033F)	US$ 2.76 Billion
Global Market Growth Rate (2023-2033)	5.3% CAGR
North America Market Share (2023)	~28.6%
North America Market Value (2023)	US$ 471 Million
Europe Market Share (2023)	~25.2%
Europe Market Value (2023)	US$ 415 Million
China Market Share (2023)	~56%
China Market Value (2023)	US$ 169.7 Million
Top 3 Countries’ Market Share	~37.3%
Key Companies Profiled	APR Performance B&I Trim Products Ford Performace Hihone INOAC Corporation Lund Spoiler Magna International OES Genuine Plastic Omnium Polytec Group Roush Performance Seibon International SFX Performance SMP Automotive Spoilers4Less Stillen Street Scene Spoiler Thai Rung Union Car Plc Ventshade Spoiler Xenon Spoiler

Why is Utilization of Roof Edge Spoilers Increasing across Regions?

“Growing Trend of Improving Aerodynamics of Vehicles”

The study of road vehicle aerodynamics is known as automotive aerodynamics. Its primary objectives are to minimize noise emission, eliminate unwanted lift forces, and lessen wind noise and drag, and other factors that contribute to aerodynamic instability at high speeds.

The roof edge spoiler is eye-catching as it offers a sporty look to the car and is also effective. The SUV and MPV with their striking and sporty look roof edge spoilers significantly upgrade the rear of the vehicle and improves aerodynamics at the same time.

Considering the importance of aerodynamics in vehicles that can be improved by the utilization of roof edge spoilers the demand for this product is to rise heavily in the future.

“Increased Demand for Better Mileage Economy of EVs”

Fuel consumption by drag is more than half of vehicle energy. Drag reduction programs are one of the most interesting approaches for improving vehicle efficiency. Drag in road vehicles accounts for the majority of fuel consumption, accounting for up to 50% of total vehicle fuel consumption on highways.

A roof spoiler is designed to modify the airflow exiting near the rear of the vehicle and increase the downforce applicable on the rear wheels of the vehicle. This improves traction in rear-wheel vehicles and improves fuel economy.

Electric vehicles are a key technology for decarbonizing road transport, a sector that accounts for 16% of global emissions. Electric vehicle sales have grown exponentially in recent years, with greater model availability, and improved performance. Electric vehicles are growing in popularity and are estimated that 13% of new cars sold in 2022 will be electric.

How Can Market Expansion Be Dented to Some Extent?

“Prevalence of Uncertainty in Production of Automobiles”

The automotive industry is undergoing rapid change. New technological, social, geopolitical, and environmental challenges are redefining the features of saturated markets.

These challenges will inevitably force old and new suppliers, automakers, and their production and dynamic development of the nation's comparative advantage, which causes the reorganization of global value chains among suppliers and affects the employment distribution and regionalization of employees.

The rise of new competitors from emerging markets and potential entrants from other sectors vying for dominance of new digital and software technologies are threatening the industry's established structure.

Market share analysis of roof edge spoilers based on vehicle category and region is provided in the above image. Under the vehicle category segment, the SUV sub-segment dominates with 46.2% market share in 2022.

Country-wise Insights

Why is the China Roof Edge Spoilers Market So Lucrative?

Known as the world's largest manufacturer, China is a major manufacturer of automobiles. In 2019, the country's production completed about 26 million vehicles. This represents approximately 28% of the total passenger cars and trucks produced globally.

Around 83% of China's production capabilities were used to make passenger cars, while the rest of the 4.3 million vehicles were commercial vehicles. In 2019, SAIC Motor Corporation Ltd. sold 6.2 million vehicles making it China's largest automaker.

The total number of cars produced in China in 2021 was 26,082.22 out of which 21,407.96 are cars. In August 2022, China's automobile exports reached a maximum of US$ 4.67 million, and import a maximum of US$ 4.47 million. Owing to the increasing penetration of the automobile sector in the country, China is poised to provide lucrative opportunities to manufacturers of roof edge spoilers and grow at a CAGR of 6.1% in the forecast period.

How Will Increasing Automobile Industry in the U.S. Drive Roof Edge Spoiler Demand?

Automakers and their suppliers are America's largest manufacturing sector, accounting for 3% of America's GDP. The country manufactured around 17.5 million cars and trucks in 2018.

In the past six years, top automobile companies such as FCA US, General Motors, Ford and have built some major engine plants, assembly plants, transmission plants, administrative offices, corporate headquarters, R&D laboratories, and other infrastructure that connects and supports their automobile industry announced an investment of more than $34 million in early 2020.

In 2021, motor vehicle production in the U.S. was 9,161.21 units and commercial vehicles had a major contribution to it. Also, the passenger car production in the country was 1.56 million units. The growing competition in the automotive industry in the U.S. will provide a lucrative platform for the sales of roof-edge spoilers. The U.S. will obtain a market value of US$ 388.0 million by the end of 2023.

Category-wise Insights

Will We See High Demand for ABS-based Roof Edge Spoilers?

Spoilers are most commonly made of ABS plastic mixed with a granular filler to make the spoiler harder. The low melting point of ABS makes it easy to use in injection moulding technology and 3D printing.

Its features such as also high tensile strength and high resistance to chemical corrosion and physical impact, allowing the finished plastic to withstand heavy use and harsh environmental conditions. The next generation of this product can use polycarbonates for the production of roof spoilers.

Fiberglass is another material from which the roof edge spoiler is made and finished with epoxy. Although fiberglass is durable, it is not suitable for mass production because it takes a long time to manufacture.

How are Surging SUV Sales Benefiting Manufacturers of Roof Edge Spoilers?

The SUV sub-segment is growing at an exceptional rate, by increasing its share of total passenger vehicle (PV) sales from about 18% in 2016 to approximately 38% in 2021, thereby capturing the sedans and hatchbacks market.

Up to 11,84,558 SUVs were sold in the market in 2021, with major original equipment manufacturers (OEMs) being Mahindra & Mahindra, Hyundai Motor India, Maruti Suzuki India, Tata Motors, and Kia India.

Hyundai Motor India maintained its SUV market leadership with 252,586 SUV sales in 2021, which is up to 40% year-on-year. Multi-Purpose Vehicles (MPVs) have become the fastest-growing segment in the Indian passenger vehicle industry. Considering these facts, the rising demand for SUVs and MPV is poised to rise in the future, thereby augmenting the sales of roof edge spoilers. The SUV vehicle category is expected to garner a market valuation of US$ 761.4 million in 2023 and thereby capturing a market share of 46.2%.

Competitive Landscape

Prominent roof edge spoiler manufacturers are APR Performance, B&I Trim Products, Ford Performace, Hihone, INOAC Corporation, Lund Spoiler, Magna International, OES Genuine, Plastic Omnium, Polytec Group, Roush Performance, Seibon International, SFX Performance, SMP Automotive, Spoilers4Less, Stillen, Street Scene Spoiler, Thai Rung Union Car Plc, Ventshade Spoiler, and Xenon Spoiler.

Manufacturer of roof edge spoilers should invest in research and development platforms to implement innovations in their products. The development of roof edge spoilers for automobiles is done to increase the safety index for vehicles.

Due to the rapid development of roof edge spoilers, sales of automotive roof edge spoilers are expected to increase in the coming years. Moreover, intelligent roof edge spoilers for automobiles are just around the corner, with the huge spread of technology in the automotive sector.

• In 2023, Toyota is set to launch its new Corolla Hatchback. It will have a stylish sporty look due to the usage of roof edge spoilers.
• Hyundai is set to launch two new cars by the end of 2022. These new cars will have added exterior features that will glorify the sporty look of the SUVs.

Fact.MR has provided detailed information about the price points of key manufacturers of roof edge spoilers positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Roof Edge Spoilers Industry Research

• By Material:

  • Composites
    • Carbon Fiber
    • Fiberglass
    • Others (CFRP)
  • Polymers
    • ABS
    • Polyurethane
    • Polycarbonate
    • Others
  • Aluminum
  • Others

• By Vehicle Category:

  • Hatchbacks
  • SUVs
  • MPVs

• By Production Technology:

  • Blow Molding
  • Injection Molding

• By Sales Channel:

  • OEMs
  • Aftermarket

• By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia &Oceania
  • Middle East & Africa