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Rear Spoiler Market Research Report - Global Forecast to 2023

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Rear Spoiler Market Information Report by Fuel Type (ICE,BEV, and Others), Material (ABS, Carbon Fibre, Fibre Glass, and Sheet Metal), Technology (Blow Molding, Injection and Reaction Injection Molding), Vehicle Type ( Hatchback, SUV, Others), and region. – PowerPoint PPT presentation

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Title: Rear Spoiler Market Research Report - Global Forecast to 2023


1
Rear Spoiler Market Research Report - Global
Forecast to 2023
2
  • Rear Spoiler Market Information Report by Fuel
    Type (ICE,BEV, and Others), Material (ABS, Carbon
    Fibre, Fibre Glass, and Sheet Metal), Technology
    (Blow Molding, Injection and Reaction Injection
    Molding), Vehicle Type ( Hatchback, SUV, Others),
    and region.
  • Market Scenario
  • 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.

3
  • 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.

4
  • 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.
  • Rear Spoiler Market, By Segmentation
  • On the basis of region, the market is segmented
    as North America, Asia Pacific, Europe, and Rest
    of the World. North America is expected to
    account for the largest market share during the
    forecast period. In North America, automobile
    manufacturers will continue to see an increase in
    the sales of the passenger cars. The increase in
    demand of the new vehicles will enable the growth
    of the auto components suppliers. The automotive
    manufacturers have shifted their preference from
    small cars to higher-value pickups and SUVs. This
    will enable more installation of rear spoiler on
    SUVs and pickup vans for transportation. Asia
    Pacific is expected to have a higher CAGR during
    the forecast period due to the increase in demand
    of rear spoiler in emerging economies such as
    India, China, and Japan.
  • Enquiry before Buying _at_ https//www.marketresearch
    future.com/enquiry/5126

5
  • Market Segmentation

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.). Access Full Report_at_
https//www.marketresearchfuture.com/reports/rear-
spoiler-market-5126
6
About Market Research Future
  • At Market Research Future (MRFR), we enable our
    customers to unravel the complexity of various
    industries through our Cooked Research Report
    (CRR), Half-Cooked Research Reports (HCRR), Raw
    Research Reports (3R), Continuous-Feed Research
    (CFR), and Market Research Consulting Services.
  • MRFR team have supreme objective to provide the
    optimum quality market research and intelligence
    services to our clients. Our market research
    studies by products, services, technologies,
    applications, end users, and market players for ,
    regional, and country level market segments,
    enable our clients to see more, know more, and do
    more, which help to answer all their most
    important questions.
  • In order to stay updated with technology and work
    process of the industry, MRFR often plans
    conducts meet with the industry experts and
    industrial visits for its research analyst
    members.
  • Know more _at_ http//www.marketresearchfuture.com/ab
    out-us
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