Rear Spoiler Industry Business Development Analysis and Future
Post# of 22747
Growing disposable income and increase in customers’ buying power are the key factors that result in high demand for passenger car vehicles, driving rear spoiler market. In addition to this, the increasing trend toward reducing vehicle weight is among the key factors driving the industry demand.
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Increased acceptance of hyper cars is expected to drive rear spoiler market demand. Enhanced performance in terms of power output, improved acceleration and torque generation are the factors propelling the industry demand. High stability in high speed applications including, racing, and lowest center of gravity will fuel product demand.
Growing electrification of vehicles and increase in production of multi-purpose vehicles and sport utility vehicles in developed regions including, Europe and North America. However, increasing usage of the integrated spoiler may pose a challenge to rear spoiler market growth.
Rear spoiler is available in various technology types including, blow, injection and reaction molding. Blow molding is likely to dominate this segment, followed by injection molding growth. Injection molding provides improved precision and high production rate at lesser cost than the reaction injection molding. Low cost and easy to use are key factors driving demand for the blow molding. The product is used in hatchback, SUV and MPV vehicles.
Europe rear spoiler market will foresee significant growth owing to Increasing disposable income in UK coupled with demand for premium vehicles. Growing flagship vehicles demand is among the key driver resulting in upsurge in demand. Sports car and premium vehicle manufacture include Rolls Royce, Aston Martin, Lotus and Bentley. Reducing weight and sustainability in vehicles with increased strength are among the driving factors for the industry.
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Global rear spoiler market ecosystem is moderately consolidated with maximum industry share held by international players. Some of the major industry participants include, Magna International, Plastic Omnium, SMP Automotive and Polytec Group. The product is also supplied by many key OEMs in the automotive industry including, Honda Motors, Toyota Motor Corporation and General Motors.
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