Rear Spoiler Market Size, Analytical Overview, Growth Factors, Demand and Trends Forecast to 2024

The report is a comprehensive exploration of global rear spoiler market offering growth rates, size of the industry, competitive landscape information, factors to the contributing growth of the global rear spoiler market and more.
Borehole Equipment Market Research Report for the period of 2017-2024 its demand is projected to cross 44 million units by 2024.

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.

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.

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ABS plastic is likely to capture significant market share of over 40% during the forecast timeframe. ABS materials are preferred for product manufacturing owing to their chemical properties, that make them resistant to heat and provide protection against dents. Enhanced fit and finish of rear spoilers made from ABS plastic contribute significantly to the product penetration.

Carbon fiber will exhibit the highest CAGR of over 7% from 2017 to 2024. Increasing demand from high-speed and sports utility vehicles will majorly support the substantial growth. Carbon fiber is preferred by aftermarket players as customization is done by the independent service providers. These products also feature durability, high strength, lightness, enhanced finish & appearance of the rear spoiler.

ICE is anticipated to dominate the rear spoiler market over the forecast timeline. Maintaining car balance at high speeds and provision of enhanced aerodynamic properties are among the benefits of rear spoilers, propelling the market growth. High penetration and infrastructure available to produce IC engines will further support the product demand from the automobile industry. Rear spoiler market from hybrid segment is poised to exhibit over 6% CAGR over the forecast timespan. Strengthening penetration of hybrid vehicles in various countries globally will support the industry growth.

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Aftermarket rear spoiler market is anticipated to capture over 75% share over the forecast timeframe. Demand for the aftermarket products is attributed to low-cost alternatives. OEMs will exhibit over 5% CAGR over the coming years owing to the consumer's high level of trust toward these component manufacturers.
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.

Outside scope of this report a lot a spoiler is an automotive aerodynamic device whose intended design function is to 'spoil' unfavorable air movement across a body of a vehicle in motion, usually described as turbulence or drag. Spoilers on the front of a vehicle are often called air dams. Spoilers are often fitted to race and high-performance sports cars, although they have become common on passenger vehicles as well. Some spoilers are added to cars primarily for styling purposes and have either little aerodynamic benefit or even make the aerodynamics worse.
The term "spoiler" is often mistakenly used interchangeably with "wing". An automotive wing is a device whose intended design is to generate downforce as air passes around it, not simply disrupt existing airflow patterns.

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Another report title “ Global Rear Spoiler Market Research Report 2018” This report studies the global Rear Spoiler market status and forecast, categorizes the global Rear Spoiler market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, China, Japan, South Korea, India and other regions. Read more at - https://www.marketstudyreport.com/reports/global-rear-spoiler-market-research-report-2018

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