What's Driving the Rear Spoiler Market Trends? Top Key Players are Albar Industries, Plasman Group, Plastic Omnium, POLYTEC GROUP, SMP Automotive Global, SRG Global

carbon fiber is also another popular material that is taking the rear spoiler market by storm, not only because of its light weight but also due to its desirable appearance and durability. In 2016, carbon fiber based rear spoiler market was valued at USD 700 million and is expected to perform equally well in the forecast period of 2017-2024.

It is imperative to mention that lighter materials are preferred for manufacturing rear spoilers, which has significantly increased the demand for plastics - the most appropriate material for the purpose. Instinctively, automakers have shifted their choice toward ABS plastic - lightweight and highly durable, with great design flexibility. In fact, in 2016, ABS plastic accounted for 40% of the overall rear spoiler industry and is anticipated to extensively grow in the ensuing years, with increasing preference toward the material for large-scale manufacturing of stylish and effective rear spoilers for vehicles.

Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/2135

Rear spoiler market has indeed crossed a major revenue benchmark in the year before last, having registered a valuation of around USD 3.3 billion in 2016. These massive proceeds can be majorly credited to the ever-changing dynamics of the automotive sector, the evolution of the EV era, and the innumerable changes brought about in vehicle production, thanks to the extensive advancements in automobile technology. With more and more automotive giants exploring novel methodologies to enhance automobile speed, safety, performance, and functioning, rear spoiler industry size is likely to soar high in the ensuing years.

Ironically, most vehicles are not sold with a pre-installed rear spoiler. However, many consumers like the appearance a rear spoiler can add to a vehicle, owing to which they often tend to install one themselves. Eventually, this is expected to give the aftermarket for rear spoilers a strong place in the industry - as per estimates, aftermarket sales will account for 75% of the rear spoiler industry by 2024.

The rising demand for sports and high-speed cars will indeed contribute to the strong growth of the rear spoiler market in North America and Europe. Major car manufacturers in Germany, Italy, France and UK will also drive the rear spoiler industry in Europe with their addition of innovative car designs and use of new and advanced composite materials. APAC rear spoiler industry on the other hand, will witness a boost primarily on account of the growing passenger vehicle demand in this region. Speaking of which, in 2016, around 13 million units of rear spoilers had been installed in Asia Pacific, with China, India, South Korea and Japan being the leading contributors

Make an Inquiry for purchasing this Report @ https://www.decresearch.com/inquiry-before-buying/2135

The restrictions imposed on the speed limit for vehicles has somewhat dampened the rear spoiler market share, given that a vehicle would actually not need a rear spoiler unless it is moving at a high speed. But the increasing demand for sports and high-speed cars as well as the desire to add a sporty look to the vehicle has fueled the growth of rear spoiler market.

Contact Us: -
DecResearch.com
Website: - https://www.decresearch.com/
Email: info@decresearch.com

About Us:

DecResearch.com, powered by GMI, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI. Via this platform, users not only get to answers to their questions about these reports, they also have an additional avenue to talk to the sales and research teams of GMI to learn more about the topics of their interest.

This release was published on openPR.