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.
To learn about additional key drivers, trends, and challenges available with Technavio. Read our FREE Sample Report right now!
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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Automotive Rear Seat Infotainment Market -The automotive rear-seat infotainment market size will record an incremental growth of 9.19 mn units and a CAGR of 9% during 2020-2024. Download a free sample now!
Automotive Gear Shift Systems Market -The automotive gear shift systems market has the potential to grow by 21.59 million units during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 5.27%. Download a free sample now!
Rear Spoiler Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.33% |
Market growth 2022-2026 |
USD 1.11 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.16 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 39% |
Key consumer countries |
China, US, Germany, Japan, and India |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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. |
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. |
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
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SOURCE Technavio
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