IMARC Group, a leading market research company, has recently released a report titled “Rear Spoiler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global rear spoiler market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Rear Spoiler Industry?
According to the report, The global rear spoiler market size reached US$ 5.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.
What is Rear Spoiler?
A rear spoiler is an aerodynamic device used for altering air movement while a vehicle is in motion. It is a wing-shaped component mounted on the automobile boot or at the end of the roof to increase the airspeed. It is manufactured using lightweight polymer-based materials, such as silicon, fiberglass, carbon fiber, and acrylonitrile butadiene styrene (ABS) plastic. As it diffuses airflow and turbulence, it is generally installed on sports and racing cars to facilitate favorable conditions for high speed and minimize the risk of collision.
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What are the growth prospects and trends in the Rear Spoiler industry?
The escalating demand for sport utility vehicles (SUVs) and multi-purpose vehicles (MPVs) represents one of the key factors propelling the market growth. Besides this, automotive manufacturers are launching new models of luxury sports cars equipped with advanced rear spoilers for better air movement control at high speeds. Furthermore, the development of carbon fiber-based rear spoilers that enhance aesthetics and high functionalities, along with the increasing expenditure capacities of individuals and the rising demand for lightweight vehicles,is bolstering the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Technology:
- Blow Molding
- Injection Molding
- Reaction Injection Molding
Breakup by Material Type:
- Carbon Fiber
- Sheet Metal
Breakup by System Type:
- Active Spoiler
- Passive Spoiler
Breakup by Vehicle Type:
- Sports Utility Vehicles
- Multi-Purpose Vehicles
Breakup by Distribution Channel:
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Aisin Seiki Co Ltd.
- Albar Industries Inc.
- DAR Spoilers
- Dawn Enterprises Inc.
- INOAC Corporation
- Magna International Inc.
- Plastic Omnium (Burelle SA)
- Polytec Holding AG
- SEIBON CARBON (SEIBON International Inc.)
- SMP Deutschland GmbH
- SRG Global Inc. (Guardian Industries)
- Thai Rung Union Car plc.
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