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Rear Spoiler Market Competitive Landscape, Driving Factors and Challenges Analysis 2030

03-09-2021 10:29 PM CET | Associations & Organizations

Press release from: Allied Market Research

Rear Spoiler Market

Rear Spoiler Market

Increasing demand for high-performance vehicles due to rising racing culture amongst the sports vehicle enthusiast is driving the market of rear spoiler. The rear spoiler is intended for reducing the air motion across the body of vehicle while in motion. Moreover, the rear spoiler helps to enhance the aerodynamics of the vehicle by disrupting airflow passing over and around the vehicle. Additionally, due to aesthetical appeal it presents to the car, the use of rear spoilers has increased even in usual passenger vehicle. Furthermore, the characteristics of spoilers vary according to the model of vehicle and application of spoiler.


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Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Rise in demand for high performance vehicles is primarily driving the market of rear spoiler. Additionally, rising disposable income, changing lifestyle and increase in expenses on luxury is propelling the growth of the market. Besides, rising aftermarket installation of rear spoilers is fueling the market growth. Likewise, increasing use of rear spoiler in passenger car to enhance the aesthetics of the vehicle is anticipated to proliferate the market. However, high cost of installation and maintenance of rear spoiler would hamper the market growth. Furthermore, technological developments are expected to nurture the market growth.

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The rear spoilermarket trends are as follows:

Carbon fiber rear spoiler to drive the market growth

The automakers are in a constant search for reducing the weight of vehicle. With reduction in weight of vehicle, higher efficiency can be achieved and emission can be minimized. Moreover, the automaker is investing on development of lightweight material. In rear spoiler segment, the use of carbon fiber material has increased as it is lighter in weight as compared to other rear spoiler material. In 2018, McLaren launched McLaren 720s with carbon fiber rear spoilers. The carbon fiber spoiler weighs less and iscapable of producing better downforce of its weight.

Acquisition to improve product offerings

The automakers have started acquisition strategies to overcome the growing competition due to consumer demands. Besides, the mergers and acquisitions deliver end-to-end solutions and increase the expertise in vehicle engineering. Additionally, the organization could increase the product offerings with acquisition. For instance, in 2016, Magna International Inc. signed an agreement to acquire Telemotive AG to improve its product offerings.

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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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