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Rear Spoiler Market was valued at USD 2.33 Billion in 2016 and is projected to grow at a CAGR of 7.40% during the forecast period. The base year considered for the study is 2016 and the forecast period is 2017 to 2022. Factors such as increasing stringency of emission norms, regulations about fuel economy, and growing demand for SUVs and MPVs across the globe are driving the growth of the automotive rear spoiler market.
Objectives of the Study:
- To segment and forecast the global automotive rear spoiler market size, in terms of value (USD million) and volume (million units)
- To segment and forecast the automotive rear spoiler market size on the basis of the type of technology (blow molding, injection molding, and reaction injection molding)
- To segment and forecast the market size on the basis of the type of material (ABS, Fiberglass, and Carbon fiber)
- To segment and forecast the market size on the basis of vehicle type (hatchback, SUV, and MPV)
- To segment and forecast the market size on the basis of fuel type (ICE, BEV, HEV, and PHEV)
- To forecast the automotive rear spoiler market size for four key regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW)
- To strategically profile key players and comprehensively analyze their market shares and core competencies
Rear Spoiler Market Target Audience
- Rear spoiler market suppliers
- Raw material suppliers
- Automotive OEMs
- Distributors and suppliers of rear spoiler
- Industry associations and experts
The blow molding technology is estimated to be the largest segment of the rear spoiler market during the forecast period. The growth of this technology can be attributed to its low price as compared to other technologies used in the manufacture of rear spoilers. Blow molding has an advantage over other technologies as it has an option for the use of different raw materials simultaneously. download the pdf brochure
Asia-Pacific: Largest market for rear spoiler
Asia-Pacific is estimated to be the largest automotive spoiler market due to the increasing vehicle production in countries such as China and India. According to MarketsandMarkets analysis, the passenger car production in Asia-Pacific is expected to grow by 6.08% from 2017 to 2022. The growing vehicle production in India and China would result in the increased penetration of rear spoilers in vehicles.
Source:
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