Rear Spoiler

Rear Spoiler

Global Rear Spoilers Market to Reach $4.3 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Rear Spoilers estimated at US$3.1 Billion in the year 2020, is projected to reach a revised size of US$4.3 Billion by 2027, growing at a CAGR of 4.7% over the analysis period 2020-2027. ABS Plastic, one of the segments analyzed in the report, is projected to record a 5.3% CAGR and reach US$1.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Carbon Fiber segment is readjusted to a revised 4.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $852.5 Million, While China is Forecast to Grow at 8.5% CAGR

The Rear Spoilers market in the U.S. is estimated at US$852.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$893.1 Million by the year 2027 trailing a CAGR of 8.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 4.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$559.7 Million by the year 2027.

Fiberglass Segment to Record 5.5% CAGR

In the global Fiberglass segment, USA, Canada, Japan, China and Europe will drive the 5.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$535.7 Million in the year 2020 will reach a projected size of US$755.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 6.8% CAGR through the analysis period.

Select Competitors (Total 47 Featured) -

• Albar Industries inc.
• Ap Plasman
• Compagnie Plastic Omnium
• Inoac Corporation
• Jiangnan Mould and Plastic Technology Co., Ltd.
• Magna International, Inc.
• P.U. TECH SPOILER LP
• Polytec Holding AG
• REHAU Ltd.
• SMP Deutschland GmbH
• SRG Global
• Thai Rung Union Car PLC.

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