Rear Spoiler Market : Worldwide Market Size, Status, Revenue, Growth rate, CAGR % with 2022
The report "Rear
Spoiler Market by Fuel (ICE, BEV),
Vehicle Type (Hatchback, SUV, MPV), Material (ABS, Carbon Fibre, Fibre Glass,
Sheet Metal), Technology (Blow, Injection and Reaction Injection Molding), and
Region - Global Forecast to 2022", The global rear
spoiler market is projected to grow at a CAGR of 7.40% from 2017 to 2022, to
reach a market size of USD 3.69 Billion by 2022. The major factors driving the
growth of the rear spoiler market are the increasing production of vehicles,
electrification of vehicles, and stringent emission norms introduced by the
government to minimize greenhouse gas emissions.
Injection molding a high
growth potential market
The global rear spoiler market,
by technology type, is expected to be dominated by blow molding, followed by
injection molding and reaction injection molding. However, the market for
injection molding is estimated to grow at the highest CAGR during the forecast
period. Injection molding provides better precision and high manufacturing rate
at a lesser cost than reaction injection molding. However, blow molding is
estimated to have the largest share of the rear spoiler market during the
forecast period. Simple usage and low cost are the key factors driving the
demand for blow molding.
Objectives of the
Study:
- To segment and forecast the global automotive rear spoiler market size, in terms of value (USD million) and volume (million units)
- To segment and forecast the automotive rear spoiler market size on the basis of the type of technology (blow molding, injection molding, and reaction injection molding)
- To segment and forecast the market size on the basis of the type of material (ABS, Fiberglass, and Carbon fiber)
- To segment and forecast the market size on the basis of vehicle type (hatchback, SUV, and MPV)
- To segment and forecast the market size on the basis of fuel type (ICE, BEV, HEV, and PHEV)
- To forecast the automotive rear spoiler market size for four key regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW)
Rear Spoiler Market Target Audience
- Rear spoiler market suppliers
- Raw material suppliers
- Automotive OEMs
- Distributors and suppliers of rear spoiler
- Industry associations and experts
Battery electric vehicle and
Hybrid Electric Vehicle Promising vehicle segments for spoiler manufacturers
Hybrid Electric Vehicle (HEV)
is estimated to account for the largest share of the rear spoiler market among
the electric vehicle types (BEV, HEV, and PHEV). The HEV segment is expected to
continue its market dominance during the forecast period. Modern HEVs are
enabled with efficiency-improved technology such as regenerative brakes,
electric motor drive, and automatic start/shut-off. The rear spoiler helps to
improve the efficiency of the electric vehicle as it saves energy by improving
the design of the electric vehicle. These technological advantages have made
HEVs successful in recent years.
Also, in terms of growth, the
rear spoiler market for battery electric vehicle is projected to grow at the
highest CAGR, followed by PHEV and ICE, respectively. Increasing government
support for green vehicles is propelling the demand for electric vehicles, which,
in turn, is increasing the demand for rear spoilers.
Asia-Pacific: Largest market
for rear spoiler
Asia-Pacific is estimated to
account for the largest share, by value and volume, of the rear spoiler market
in 2017. Also, in terms of growth, the Asia-Pacific market is projected to grow
at the highest CAGR during the forecast period. Developing economies such as
China and India are expected to play a major role on the backdrop of increasing
vehicle production. Also, increasing installation of rear spoiler in vehicles
such as Hatchbacks, SUVs, and MPVs and stringent emission and safety norms have
boosted the demand for the rear spoiler in the Asia-Pacific region. The report
profiles all major players in the rear spoiler market, including Magna
International (Canada), Plastic Omnium (France), SMP Automotive (Germany),
Polytec Group (Austria), Thai Rung Union Car Plc (Thailand), and INOAC
Corporation (Japan).
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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