Pune, India, Aug. 02, 2021 (GLOBE NEWSWIRE) -- According to the report, the global Automotive Rear Spoiler market size to Rise at an Accelerated Pace Owing Heavy Demand for Luxury Sports Cars. The surging demand for high-performance cars with the improved aesthetic is expected to spur opportunities for the automotive rear spoiler market in the forthcoming years, states Fortune Business Insights
The report provides all-encompassing information about automotive rear spoiler market trends and developments. It also delivers a minute evaluation of the market drivers, segments, and restraints, along with a holistic analysis of the regional expansions in the market. Encompassing these factors is an in-depth investigation of the competitive landscape of the market, driven by industry-leading market research.
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Injection Molding Segment to Hold Significant Share
Based on manufacturing type, the global automotive rear spoiler market is segmented into blow molding, reaction injection molding, and injection molding. The injection molding segment is expected to exhibit significant growth during the forecast period. The blow molding segment is anticipated to dominate the market owing to lower manufacturing costs compared to other manufacturing types.
Based on material type, the market is segmented into carbon fiber, sheet metal, fiberglass, and ABS plastic. The ABS plastic segment is expected to dominate the market due to its low cost and easy availability. By vehicle type, the market is classified into hatchback, SUV, and MPV. The hatchback segment is expected to dominate the market owing to its compact size and affordability.
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Robust R&D by OEMs to Consolidate Market
The rising demand for high-performance cars with superior aesthetic forms is expected to drive the market. The growing demand for lightweight vehicles has urged manufacturers to invest in R&D, which, in turn, can enable speedy expansion of the automotive rear spoiler market. Moreover, OEMs' growing implementation of spoilers to improve control and traction of vehicles can foster the automotive rear spoiler market growth.
Moreover, rising consumer inclination towards cars coupled with high disposable income can create market opportunities in the forthcoming years. Similarly, governments' favorable design regulations for the installation of spoilers are expected to bolster the growth of the market. The development of advanced lightweight spoilers is expected to aid the automotive rear spoiler market size during the forecast period. However, the high cost of spoilers is expected to hamper the growth of the market. The high price of spoilers coupled with its fragileness is expected to inhibit the development of the market.
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Well-established Automotive Industry to Augment Growth in Europe
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 during the forecast period. The rising production and sales of passenger cars is expected to drive the Asia Pacific market. North America is expected to witness rapid growth during the forecast period due to the US's growing demand for high-performance vehicles. Europe is also expected to proliferate during the forecast period due to the well-established automotive industry in France, Germany, and the UK.
- Plastic Omnium
- Magna International
- SMP Deutschland GmbH
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Global Automotive Rear Spoiler Market Segmentation:
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
By Geography:
- North America (USA, Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)
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