Press release
What's driving the Rear Spoiler Market Trends? Mercedes-AMG GmbH, Changzhou Huawei, DAR Spoilers, Hamann Motorsport, Inoac Corporation, Jiangnan Mould and Plastic Technology Co., Ltd., Magna International, Inc., Mitsubishi Motors, Mugen, P.U Tech Spoiler,
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Industry players are consistently evolving the product parameters by manufacturing spoilers with reduced weight and increased downforce. For this, the manufacturers have been preferring for advanced materials such as carbon fiber and reinforced fiberglass. Growing proliferation of high-performance cars which necessitates light-weight body parts may accelerate the rear spoiler market outlook.
Some of the car manufacturers have been focusing on innovative spoiler systems that hides the spoilers when not required and reopens them as when necessary for highway rides. For instance, in 2017, Porsche launched its new Panamera Saloon Turbo model featuring a hidden retractable rear spoiler with rising and extending operations. Such innovations will further foster the product penetration over the forecast period. As per a research report, rear spoiler market size will amass USD 5 billion by 2024.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Albar Industries, Inc.
2. Anderson Composites
3. Mercedes-AMG GmbH
4. Changzhou Huawei
5. DAR Spoilers
6. Hamann Motorsport
7. Inoac Corporation
8. Jiangnan Mould and Plastic Technology Co., Ltd.
9. Magna International, Inc.
10. Mitsubishi Motors
11. Mugen
12. P.U Tech Spoiler
13. Plasman Group
14. Plastic Omnium
15. Polytec Group
16. Rehau Ltd.
17. SMP Automotive Global
18. SRG Global
19. Seibon Carbon
20. Super Honga
21. Thai Rung Union Car Plc
Aftermarket is presumed to hold over 75% of rear spoiler market share over the forecast timeframe. This is because the aftermarket allows the utilization of the low-cost alternatives. Attributed to the growing preferences for car customizations, rear spoiler aftermarket will continue to emerge as a major segment throughout the forecast timeframe.
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The benefits of high tolerance to chemicals, heat and dents will foster the product deployment subsequently fostering the segmental share. In addition, the ABS plastic spoilers offer enhanced fitting and finishing further boosting the product penetration. Owing to extensive usage across the premium automotive variants like SUVs and sports cars, ABS plastic is predicted to account for a substantial share of over 40% by 2024.
North America has been witnessing rising demand for high performance cars and SUVs which will primarily drive the regional growth. As the product is extensively used in the SUVs, drop in SUV prices will augment high demand for the rear spoilers. Owing to the escalating growth of utility vehicles in the region, the North America rear spoiler market will emerge as the major revenue pocket by accumulating over USD 1.8 billion by 2024.
The different technologies used for the rear spoiler market manufacturing include blow molding, injection molding and reaction injection molding. Blow molding is projected to hold the largest market share by 2024 - the segment size may be close to USD 2 billion by 2024. The technology finds highest usage in the production of plastic spoilers - thus, the escalating demand for plastic spoilers will in turn benefit the blow molding segment growth.
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Global Market Insights, Inc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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