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Fiberglass to Gain Maximum Revenue Share in the Hatchback Rear Spoiler Market by 2031 End

The global Hatchback Rear Spoiler market is predicted to increase rapidly, according to a Fact.MR analysis. During the period 2017-2022, the market is expected to grow at a 6.9% CAGR. The rear spoiler reduces the amount of air moving under the vehicle by generating down force on the body, lowering lift and drag coefficient. Manufacturers use a variety of materials to create spoilers.

The spoiler is most commonly seen on sports or high-performance cars, although it is now becoming more prevalent in passenger cars. Spoilers are utilised not just for styling, but also to reduce drag and improve performance. Both front and rear spoilers have a purpose: front spoilers divert wind away from the vehicle, while rear spoilers reduce turbulence at the rear.

Hatchback Rear Spoiler Market: 6 Forecast Highlights

  • The worldwide car rear spoiler market is projected to continue dominated by Europe. The European Hatchback Rear Spoiler market is expected to account for more than a quarter of global revenue by the end of 2017.
  • During the projection period, Asia Pacific Excluding Japan (APEJ) is expected to grow rapidly. By the end of 2022, the APEJ Hatchback Rear Spoiler market is expected to generate close to US$ 900 million in sales.
  • Fiberglass is anticipated to become one of the most popular materials for rear spoilers in automobiles. By the end of 2017, fibreglass is expected to account for about a third of total sales. Carbon fibre, on the other hand, is expected to develop rapidly during the projected period.
  • The Hatchback Rear Spoiler is most likely to be sold in the aftermarket. The aftermarket is expected to generate about US$ 2,800 million in revenue by the end of 2022.
  • The worldwide Hatchback Rear Spoiler market is expected to be dominated by mid-sized passenger automobiles. Mid-sized passenger automobiles are expected to generate close to US$ 900 million in revenue by the end of 2022.
  • The most often used technology in the car rear spoiler market is likely injection moulding. Injection moulding is expected to generate an incremental potential of more than US$ 300 million between 2017 and 2022, accounting for roughly two-fifths of revenue share by the end of 2017.

Fiberglass to Gain Maximum Revenue Share

Fiberglass is predicted to be the most popular material for creating rear spoilers for automobiles. Fiberglass is expected to be worth more than US$ 900 million by the end of 2022. Carbon fibre, on the other hand, is predicted to gain more than a quarter of the revenue share by the end of 2017.

Aftermarket is likely to overtake OEM as the leading sales channel for Hatchback Rear Spoilers. By the end of 2017, the aftermarket sales channel is expected to account for more than three-quarters of total revenue.

In the global market for Hatchback Rear Spoilers, mid-sized passenger cars are predicted to increase at a healthy rate. Mid-sized passenger automobiles are expected to generate an incremental potential of more than $200 million between 2017 and 2022.

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Supriya Bhor

Supriya Bhor is Assistant Manager for the Digital Marketing department at Fact.MR. With sound research skills and her own style of writing thought leadership articles, she has extensively covers developments in several research domains and industries.

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