Automotive Rear Spoiler Market Size, Share & Industry Analysis, By Manufacturing Type (Blow Molding, Injection Molding, Reaction Injection Molding), By Material (Carbon Fiber, Sheet Metal, Fiberglass, ABS Plastic), By Vehicle Type (Hatchback, SUV, MPV)Others and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
The automotive manufacturers are investing in R&D to improvise vehicle performance. The growing demand for lightweight vehicles by consumers is generating numerous opportunities for the designer and manufacturers to develop advanced lightweight spoiler. Also, many automobile manufacturers are equipping vehicles with spoilers to improve control and traction at high speed. Many government bodies are also implementing design standards for the installation of the spoilers on the vehicles. The rising consumer's expenditure on cars owing to growing disposable income is also expected to drive the growth of the automotive rear spoiler market.
Key Market Driver -
The rising demand for high-performance cars with enhanced aesthetic is expected to drive the growth of the market.
Key Market Restraint -
The high cost of spoiler is expected to be hamper the growth of the market.
The rising demand for high-performance cars with superior aesthetic form is also expected to drive the market for the automotive rear spoiler. The high cost of spoiler coupled with an ability to get damaged easily, these factors are expected to restrain the growth of the automotive rear spoiler market over the forecast period. The difficulty of installing rear spoiler aftermarket on the vehicle is also likely to hamper the growth of the market over the forecast period.
Market Segmentation:
The global automotive rear spoiler market has been segmented into manufacturing type, material type, vehicle type, and region. By manufacturing type, the global automotive rear spoiler market is segmented into the blow molding, reaction injection molding, and injection molding. The injection molding segment is also expected to show good growth in the market over the forecast period. The blow molding segment is anticipated to dominate the market over the forecast period owing to lower manufacturing costs compared to other manufacturing types.
The reaction injection molding segment is also expected to show good growth in the market over the forecast period. Based on material type, further, the market has been segmented into carbon fiber, sheet metal, fiberglass, and ABS plastic. The ABS plastic segment is expected to dominate the market over the forecast period owing to cheap in cost and easy availability. The carbon fiber segment is also expected to show good growth in the market over the forecast period. By vehicle type, further, the market has been segmented into hatchback, SUV, and MPV. The hatchback segment is expected to dominate the market over the forecast period owing to compact in size and affordability. The SUV segment is also expected to show good growth in the market over the forecast period.
Key Players Covered in the Automotive Rear Spoiler Market:
Some of the major companies that are present in the automotive rear spoiler market include Plastic Omnium, Magna International, and SMP Deutschland GmbH, among others.
Key Insights
- New Advancements in Rear Spoilers
- Number of Products, Key Countries, 2018
- New Product Launches, Key Players
Regional Analysis:
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Geographically, the automotive rear spoiler market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia-Pacific is expected to dominate the market over the forecast period. The rising production and sales of passenger cars in this region are likely to drive the market’s growth in this region. North America is also expected to show good growth in the automotive rear spoiler market over the forecast period. Owing to the growing demand for the high-performance cars in this region is expected to propel the market for the automotive rear spoiler. Europe is also expected to show good growth in the automotive rear spoiler market over the forecast period.
Segmentation
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Key Industry Developments:
- January 2019: Plastic Omnium and HELLA went under a strategic partnership for the development of the innovative project on innovative solutions. This collaboration will help both companies to develop intelligent exterior systems jointly, and also innovative lighting technologies at the rear and front of the car.
- Ongoing
- 2023
- 2019-2022
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