The Rear Spoiler market dynamics, forces, companies and trends have been determined after conducting a detailed study of the industry for this newly released research report now available with Market Study Report.
Selbyville, DE -- (SBWIRE) -- 10/23/2018 -- Market Study Report adds global Rear Spoiler market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.
Mercedes-AMG GmbH, DAR Spoilers, Polytec Group, Plastic Omnium, and Mitsubishi are among the prominent players in the rear spoiler market. Other notable producers include Albar Industries, Magna International, Plasman Group, and Changzhou Huawei. Industry participants are focusing on developing aerodynamic effect of cars to improve fuel efficiency. They are using lightweight and high-strength materials along with reinforcement materials to reduce the overall weight of the product without compromising on its performance.
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Global rear spoiler market share is expected to cross 44 million units by 2024. Rising adoption in SUVs, hatchbacks, and MPVs along with increasing SUVs sales will primarily drive the industry growth. Automobile industry is witnessing regular advancements for overall weight reduction thereby installing the plastic components. These advancements are anticipated to induce immense growth potential to the rear spoiler market over the next eight years.
Rear Spoiler Market is estimated to surpass USD 5 billion by 2024; according to a new research report.
Shifting preference towards electric vehicles coupled with rising government support for the adoption of these vehicles will further strengthen the product penetration. Various countries across the globe have taken initiatives such as providing subsidies and incentives for their production. Indian government has invested USD 11.5 million for electric vehicle production that was further increased by 42% in 2017.
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.
North America will dominate the global rear spoiler market surpassing USD 1.8 billion till 2024. High demand for enhanced rear spoilers due to rising demand of high speed car will primarily drive the industry growth. SUVs account for major share in North America, stimulating the demand for rear spoilers in the region. Drop in prices of SUVs in the region will escalate the growth of utility vehicles, supporting the region's dominance over the coming years.
Europe rear spoiler market will depict a steady growth over the forecast period owing to recovering economies and the presence of giant automakers across the region. Industry players are engaged in research activities for enhancements in product performance and material quality, propelling the growth. high penetration of electric vehicles in countries including Netherlands, Sweden will further support the regional growth till 2024.
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Table of Content:
Chapter 1 Methodology & Scope
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry Insights and validation
1.1.4 Definitions, assumptions & forecast parameters
1.2 Data Sources
Chapter 2 Executive Summary
2.1 Rear spoiler industry 3600 synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Technology trends
2.1.3 Material trends
2.1.4 Fuel trends
2.1.5 Vehicle trends
2.1.6 End-use trends
2.1.7 Regional trends
Chapter 3 Rear Spoiler Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013- 2024
3.3 Industry ecosystem analysis
3.3.1 Raw material suppliers
3.3.3 Profit margin trends
3.3.4 Distribution channel analysis
18.104.22.168 End Users
3.3.5 Vendor matrix
3.4 Pricing analysis
3.4.1 Regional Pricing
22.214.171.124 North America
3.4.2 Cost structure analysis
3.5 Technology landscape
3.5.1 Composite rear spoiler
126.96.36.199 Hand layup molding
188.8.131.52 Spray-up process
3.5.2 By blowing cylindrical raw material
3.6 Regulatory landscape
3.6.1 North America
184.108.40.206 U.S. Federal Standards
220.127.116.11 California Standards
18.104.22.168 South Korea
3.6.4 LATAM & MEA
22.214.171.124 South Africa
3.7 Industry impact forces
3.7.1 Growth drivers by region
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