Rear Spoiler Market Analysis 2018 To 2023: Global Industry Analysis By Size, Share, Growth factors, with Regional Forecast

Rear Spoiler Market Report 2018: Global Industry Size, Share, Growth, Manufactures Analysis To 2023 of 100 pages expands comprehensive information on Global Rear Spoiler Market Information 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. Worldwide Rear Spoiler Market is to grow at moderate CAGR during Forecast Period.

Rear Spoiler Market Highlights:

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). 

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Key Companies analyzed 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.).

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.

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.

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.

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.

Major Table Of Content:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimatio

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Bargaining Power Of Suppliers

3.1.4 Threat Of Substitutes

3.1.5 Segment Rivalry

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

Continued…

Browse Full Report at: https://www.marketresearchfuture.com/reports/rear-spoiler-market-5126

The report for Global Rear Spoiler Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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This release was published on openPR.