NEW YORK, Dec. 28, 2021 /PRNewswire/ — The “Rear Spoiler Market by Type (ABS, fiberglass, carbon fiber, and sheet metal) and Geography (APAC, North America, Europe, South America, and MEA) – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
39% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for rear spoilers in APAC. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America. The increase in sales of automobiles will facilitate the rear spoiler market growth in APAC over the forecast period.
The potential growth difference for the rear spoiler market between 2021 and 2026 is USD 1.11 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
- Market Driver – The demand for luxury vehicles is growing in many parts of the world due to factors such as improving socio-economic conditions of developing countries. Luxury vehicles find high penetration of advanced comfort and convenience functionalities, which increase their value proposition. One such component that mostly comes as standard is the integrated rear spoiler. Hence, the increasing demand for luxury cars is driving the growth of the rear spoiler market. Prominent automakers offering luxury vehicles in the global rear spoiler market are Audi, Daimler, BMW, and Jaguar Land Rover.
- Market Challenges – Aerodynamics plays a significant role in reducing car-racing accidents by way of reducing wind loading and reducing fuel consumption. Modified car racing has become more popular around the world. Sports cars are most commonly seen with spoilers, such as Bugatti Chiron, Ford Mustang Shelby GT500, Lamborghini Aventador, and Dodge Viper. Even though these vehicles have a stiffer chassis and stiffer suspension to support high-speed maneuverability, but spoilers are still beneficial. Although rear spoilers are often fitted to race and high-performance sports cars, they have also become common on passenger vehicles.
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The rear spoiler market report is segmented by Type (ABS, fiberglass, carbon fiber, and sheet metal) and Geography (APAC, North America, Europe, South America, and MEA).
The rear spoiler market share growth by the ABS segment will be significant for revenue generation. Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the rear spoiler market size and actionable market insights on each segment.
View our sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.
Some Companies Mentioned
The rear spoiler market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
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- Aisin Corp.
- COMPAGNIE PLASTIC OMNIUM SE
- DAR Spoilers
- Dawn Enterprises Inc
- INOAC Corp.
- Magna International Inc.
- Polytec Holding AG
- Seibon International Inc.
- SMP Deutschland GmbH
- SRG Global Inc.
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
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Rear Spoiler Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.33% |
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Market growth 2022-2026 |
USD 1.11 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
6.16 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 39% |
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Key consumer countries |
China, US, Germany, Japan, and India |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Aisin Corp., COMPAGNIE PLASTIC OMNIUM SE, DAR Spoilers, Dawn Enterprises Inc, INOAC Corp., Magna International Inc., Polytec Holding AG, Seibon International Inc., SMP Deutschland GmbH, and SRG Global Inc. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
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Email:[email protected]
Website: www.technavio.com/
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