Rear Spoiler Market 2018 Global Key Players, Share, Size, Industry Trends, Regional And Competitive Landscape Forecast To 2023

Rear Spoiler Market is set to grow at highest compound annual growth rate by forecast period of 2018 to 2023. Rear Spoiler market for automotive has been witnessing steady growth over a period of time. 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.

Rear Spoiler Company Market Information:

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.).

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Market Scenario:

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.

Intended Audience:

Manufacturer, Distributer & Supplier companies
End Users
Consultants and Investment bankers
Government as well as Independent Regulatory Authorities
Product Analysis:

Product matrix which gives a detailed comparison of the market for different recycled product types
Additional Information:

Regulatory Landscape
Pricing Analysis
Macroeconomic Indicators
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.

Major Table of Content:

1 Introduction

1.1 Definition

1.2 Scope of Study

1.3 Research Objective

1.4 Assumptions & Limitations

1.5 Market Structure:

2 Research Vehicle Typology

2.1 Research Process

2.2 Primary Research

2.3 Secondary Research

3 Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

3.5 Macroeconomic Indicators

4 Market Factor Analysis

4.1 Porter’s Five Forces Model

4.1.1 Bargaining Power of Suppliers

4.1.2 Bargaining Power of Customer

4.1.3 Intensity of Competitor

4.1.4 Threat of New Entrants

Continued…

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