Automotive Rear Spoiler Market 2020 Industry Analysis Research Report

Posted by Abhijeet Bendre on January 15th, 2020

Automotive Rear Spoiler Market

The Global Automotive Rear Spoiler Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of automotive rear spoiler will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2023, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2023).

The global automotive industry is more than a century old. In the previous times, the number of auto makers in the market were very few. The number of people who could afford an automobile were still less. Thus, owning a personalised automobile was a mark of true luxury and commanded respect in the society the world over. Thus, the technical specifications or the overall vehicle in general, including its looks, its aesthetic appeal etc. were totally decided and controlled and governed by the auto makers. Thus, due more demand and very / limited supply, the automotive industry of that time was a market driven / manufacturer driven industry. This meant, the auto makers would control the overall industry and people would lap up whatever product they could get their hands on. The situation continued for many decades (especially till the end of the World War 2). Post that, in the 1950s, the situation began to change for the good. The global markets started getting opened up and economies of some the world’s most advanced nations of those times also opened to the world. This caused the development of a lot of automotive manufacturers the world over (especially in countries like Germany, U.S., and Japan). This started increasing a healthy competition within these players and suddenly, the consumers were presented with a plethora of options in the automotive sector. There were different types, sub types, segments and sub segments. This caused the market situation to turn upside down. In a matter of few decades, the automotive industry became consumer centric and the consumer driven. This meant, the demand was less and the supply (and the variety was much more).

This caused the auto makers to turn their attention to fine tuning the existing aspects and providing niche features to differentiate their product offering from their competitors. This went to a point where in, the technical and aesthetic features both were thought about and worked upon with zest by the auto makers. One such aspect under the technical features was the vehicle performance and ways in which it could be improved. One approach was to provide a more efficient engine and drive mechanism to provide added boost and technical finesse improving the automobile functionality. Another approach was to reduce the vehicle drag and thus pay more attention to the power-to-weight ratio thus increasing the vehicle efficiency. This could be achieved by reducing the vehicle weight and improving the vehicle thermodynamics. Thus attention was given to the body design to reduce the unnecessary wind force causing the vehicle to slow down. This is where the automotive rear spoilers came into picture which are basically externally installed automotive thermodynamic component, which helps in reducing the wind thrust and also helps direct the oncoming wind in the right direction. This helps in providing vehicle stability, minimises the vehicle drag due to wind and enhances the speed and vehicle functionality.

Industry/ Innovation/ Related News:

March, 2018 - Mercedes-Benz, along with local player Thonburi Automotive Assembly Plant (TAAP), plans to invest 100 million euros in in the Thailand region by 2020 creating more than 300 jobs in the direct and indirect market. This investment will aid in expansion of an existing car plant and a new hybrid battery assembly set up in the area. The investment will create over 300 additional jobs.

March, 2018– Canadian automotive parts supplier Magna International Inc. plans to supply seating arrangement solutions to the mighty BMW Group. Magna was joined by South Carolina Governor McMaster, members of local governing body and BMW officials to inaugurate Magna’s new seat production facility in Spartanburg, South Carolina. Magna announced expansion plans for this plant to the tune of 25,000 square feet and an adding 130 jobs. Thus, Magna will create 600 odd jobs at the 250,000-square-foot facility.

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), SRG Global (U.S.) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automotive Rear Spoiler Market

Automotive Rear Spoiler Market: Regional Analysis

The North America market (U.S. and Canada in particular) is known to have a high demand for large SUVs and mini trucks. This is because people here prefer taking out their personal vehicles than the public transport system for personal work related travel and leisure activities. This will drive the demand for the automotive rear spoilers in this market. The Asia Pacific region is considered to be the next automotive hub of the world with the rising middle class and purchase power of the people in this region. This gives the rear spoiler system ample scope for growth in this region. The Europe market has always produced some of the most high tech and sophisticated vehicles in the history of automotive industry. Thus, the rear spoiler will only add to the technological sophistication and overall vehicle efficiency making this region a strong contender for the growth of the rear spoiler system.

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