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Automotive Active Rear Spoiler Market Segmented By product such as Carbon fiber, Fiberglass, ABS Plastic with vehicle such as Passenger vehicle, Commercial vehicle
Automotive active rear spoiler is an automotive aerodynamic device, which is intended to spoil unfavorable movement across car body in motion or during the time of turbulence or drag. Automakers are considered aerodynamics as key method to improve the design and efficiency and fulfill tightening fuel economy standards. Automotive active rear spoilers are among the top component design of aerodynamics for vehicles.
Most commonly premium passenger vehicles are equipped with the active rear spoilers. Automotive active rear spoilers are made of lightweight polymer based material, including fiberglass, ABS Plastic, silicon, and carbon fiber. Large availability, lightweight, ease of paint adhering to the surface, and temperature resistant are some of the qualities associated with the fiberglass for manufacturing of automotive active rear spoiler.
ABS plastic is comparatively less rigid than the fiberglass provide high durability and strength to the automotive active rear spoiler, though ABS plastic is more expensive and heavier.
Furthermore, carbon fiber has incredible durability, strength, and light in weight compared to fiber glass. In Auto Expo 2018 market leaders in automotive material, announced numerous lightweight materials for the automotive rear spear. Increasing trend of lightweight automotive active rear spoiler in passenger vehicle delivers positive growth outlook for the market.
Over the last few years, with high demand and growth in developing countries for the vehicle, production of vehicle increased dramatically. Now a days, luxury car and sport car segments are top growing vehicle segment in developed countries. With growing investment in luxury and sport car segments, the demand for new technologically advanced auto parts have escalated.
Moreover, technologically advanced automotive active rear spoilers in passenger vehicle helps to reduce drag and increase fuel efficiency. Heavy installment of automotive active rear spoiler in premium luxury and sports cars are expected to accelerate the growth of the market over the forecast period.
However, high base and installment prices for automotive active rear spoiler are expected to hamper the growth of the market.
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North America is expected to witness high growth in automotive market and has high penetration for high cost and technologically advanced products. Passenger cars and commercial vehicles in the region are equipped with advanced automotive active rear spoilers with high efficiency and design. Furthermore, substantial sales of sports and luxury vehicles in the U.S. and Canada, automotive active rear spoiler market is expected to be more inclined towards adoption of advanced technologies in the segment.
The automotive market in the Asia Pacific region is highly cost driven, major countries in the region have high annual sales of passenger cars, a large portion of which falls under the economic segment. Thus, to reduce cost, OEMs equip these vehicles with basic features and skip the deployment of technologically advanced automotive active rear spoilers.
Thus, the automotive active rear spoiler market in the region is being driven by cost. A large number of existing manufacturers in the market and investment by global automakers create positive growth outlook for the automotive active rear spoiler market over the forecast period.
Europe is also estimated to deliver high demand for the automotive active rear spoilers, as manufacturers in this region are focusing on developing cost effective manufacturing technologies that can lead to commercialization of products at a large scale. Japan automotive market has some of the leading automotive manufacturer based out locally, with the development of advanced sport and luxury cars in the region escalate demand for the automotive active rear spoiler in the market.
Examples of some of the market participants in the global automotive active rear spoiler market identified across the value chain include
The research report – Automotive Active Rear Spoiler presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
The study on Automotive Active Rear Spoiler market also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Automotive Active Rear Spoiler market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain in the Automotive Active Rear Spoiler market.
The report – Automotive Active Rear Spoiler provide in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Automotive Active Rear Spoiler market segments and geographies.