Rear Spoiler Industry Global Market Outlook To 2023

Posted by Abhijeet Bendre on November 6th, 2018

Rear Spoiler Market 2018 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.

Rear Spoiler Market Key Companies Analyzed For This Research Are:

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.).

Rear Spoiler Market Highlights:

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.

Major Table of Content:

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

Continued…

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