Press release
Global Rear Spoiler Market To 2024 Company including Mercedes-AMG, Albar Industries, Magna International, Mitsubishi, SRG Global, SMP Automotive, DAR Spoilers
Rear Spoiler Market
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Industry Growth drivers by region:
1 North America
1.1 Increasing preference for SUVs
2 Europe
2.1 Technological advancement in automotive industry
3 Asia Pacific
3.1 Increasing demand for green vehicles
3.2 Growth in passenger vehicle sales
4 LATAM
4.1 Rising investments by well-established players
5 MEA
5.1 Strengthening of luxury car market
Blow molding is likely to account for highest rear spoiler market revenue share surpassing USD 2 billion till 2024. High usage of this technology for production of plastic spoilers will primarily drive the segment’s growth. High revenue generation can also be attributed to its benefits such as reduced weight, cost effectiveness, and flexibility in design. Injection molding will grow significantly over the coming years owing to high usage for bulk production.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Albar Industries, Inc.
• Anderson Composites
• Mercedes-AMG GmbH
• Changzhou Huawei
• DAR Spoilers
• Hamann
• Inoac Corporation
• Jiangnan Mould and Plastic Technology Co., Ltd.
• Magna International, Inc.
• Mitsubishi
• Mugen
• P.U Tech Spoiler
• Plasman Group
• Plastic Omnium
• Polytec Group
• Rehau Ltd.
• SMP Automotive
• SRG Global
• Seibon Carbon
• Super Honga
• Thai Rung Union Car Plc
Rear Spoiler Market by Technology
• Blow molding
• Injection molding
• Reaction injection molding
Rear Spoiler Market by Material
• ABS plastic
• Fiberglass
• Carbon fiber
• Sheet metal
Rear spoiler market from ABS plastic will account for highest revenue share of more than 40% till 2024. Shifting manufacturers preference towards usage of ABS materials owing to their beneficial chemical properties, that offer protection against dents and heat resistance. Improved fit & finish is another factor that will support the material’s dominance till 2024.
Carbon fiber is likely to witness more than 7% CAGR over the coming years. High acceptance from sports utility and high-speed vehicles will primarily drive the rear spoiler market. High preference by aftermarket participants owing to flexibility in customization done by independent service providers will further escalate the industry growth. The substantial growth can also be attributed to provision of the benefits such as light weight, high strength, enhanced appearance & finish, and durability.
North America rear spoiler market will capture highest revenue share accounting for approximately USD 2 billion till 2024. Rising demand for improved rear spoilers owing to increased production of high-speed cars will drive the regional growth. High sales of SUVs across the region will contribute significantly to the revenue generation. Moreover, drop in prices of these vehicles will further support the region’s dominance over the next eight years.
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Europe will showcase steady growth owing to presence of major automakers and recovering economy across the region. Industry participants are focusing on R&D activities for improvements in material quality and product performance, fostering the industry growth. High adoption of electric vehicles in countries including Sweden, Netherlands will further strengthen the product penetration.
DAR Spoilers, Plastic Omnium, Polytec Group, Mitsubishi, and Mercedes-AMG Gmbh are among the key players in the rear spoiler market. Other noticeable participants include Plasman Group, Changzhou Huawei, Magna International, and Albar Industries. Industry players are continuously focusing on development of aerodynamic impact of cars for enhancement of fuel efficiency.
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