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Increasing Production of Electric Vehicles and SUV to Drive the Rear Spoiler Market

The global rear spoiler market, by technology type, is expected to be dominated by blow molding, followed by injection molding and reaction injection molding. However, the market for injection molding is estimated to grow at the highest CAGR during the forecast period. Injection molding provides better precision and high manufacturing rate at a lesser cost than reaction injection molding. However, blow molding is estimated to have the largest share of the rear spoiler market during the forecast period. Simple usage and low cost are the key factors driving the demand for blow molding.

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Increasing Production of Electric Vehicles and SUV to Drive the Rear Spoiler Market

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  1. Rear Spoiler Market by Fuel (ICE, BEV), Vehicle Type (Hatchback, SUV, MPV), Material (ABS, Carbon Fibre, Fibre Glass, Sheet Metal), Technology (Blow, Injection and Reaction Injection Molding), and Region - Global Forecast to 2022 www.MarketsandMarkets.com

  2. Injection Molding A high growth potential market The global rear spoiler market, by technology type, is expected to be dominated by blow molding, followed by injection molding and reaction injection molding. However, the market for injection molding is estimated to grow at the highest CAGR during the forecast period. Injection molding provides better precision and high manufacturing rate at a lesser cost than reaction injection molding. However, blow molding is estimated to have the largest share of the rear spoiler market during the forecast period. Simple usage and low cost are the key factors driving the demand for blow molding. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=255533664

  3. Battery electric vehicle and Hybrid Electric Vehicle Promising vehicle segments for spoiler manufacturers Hybrid Electric Vehicle (HEV) is estimated to account for the largest share of the rear spoiler market among the electric vehicle types (BEV, HEV, and PHEV). The HEV segment is expected to continue its market dominance during the forecast period. Modern HEVs are enabled with efficiency-improved technology such as regenerative brakes, electric motor drive, and automatic start/shut-off. The rear spoiler helps to improve the efficiency of the electric vehicle as it saves energy by improving the design of the electric vehicle. These technological advantages have made HEVs successful in recent years. Also, in terms of growth, the rear spoiler market for battery electric vehicle is projected to grow at the highest CAGR, followed by PHEV and ICE, respectively. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=255533664

  4. Acrylonitrile butadiene styrene (ABS) is expected to be the largest segment of the automotive rear spoiler market, by material type. ABS is the most widely used material for rear spoiler manufacturing because it is cheap and easily available. Further, the penetration of ABS in the rear spoiler market is high as it is used in a majority of vehicles such as hatchbacks and MPVs. Other materials are used for making spoilers for high-end cars because of their high cost. The blow molding technology is estimated to be the largest segment of the rear spoiler market during the forecast period. The growth of this technology can be attributed to its low price as compared to other technologies used in the manufacture of rear spoilers.  Blow molding has an advantage over other technologies as it has an option for the use of different raw materials simultaneously. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=255533664

  5. Asia-Pacific: Largest market for rear spoiler Asia-Pacific is estimated to account for the largest share, by value and volume, of the rear spoiler market in 2017. Also, in terms of growth, the Asia-Pacific market is projected to grow at the highest CAGR during the forecast period. Developing economies such as China and India are expected to play a major role on the backdrop of increasing vehicle production. Also, increasing installation of rear spoiler in vehicles such as Hatchbacks, SUVs, and MPVs and stringent emission and safety norms have boosted the demand for the rear spoiler in the Asia-Pacific region. The report profiles all major players in the rear spoiler market, including Magna International (Canada), Plastic Omnium (France), SMP Automotive (Germany), Polytec Group (Austria), Thai Rung Union Car Plc (Thailand), and INOAC Corporation (Japan) among others. Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=255533664

  6. Market Ecosystem: • The rear spoiler market ecosystem consists of manufacturers such as Magna International Inc. (Canada), Plastic Omnium (France), SMP Automotive (Germany), and Polytec Group (Austria). The rear spoiler is supplied to major OEMs in the automotive industry including Toyota Motor Corporation (Japan), General Motors (U.S.), Honda Motor Co., Ltd. (Japan), and others. • Target Audience • Rear spoiler market suppliers • Raw material suppliers • Automotive OEMs • Distributors and suppliers of rear spoiler • Industry associations and experts • Buy Now: • https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=255533664

  7. Browse >> 72market data tables 40figures 114 pagesand in-depth TOC "Rear Spoiler Market by Fuel (ICE, BEV), Vehicle Type (Hatchback, SUV, MPV), Material (ABS, Carbon Fibre, Fibre Glass, Sheet Metal), Technology (Blow, Injection and Reaction Injection Molding), and Region - Global Forecast to 2022" Early buyers will receive 10% customization on this report. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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