The report "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", The global rear spoiler market is projected to grow at a CAGR of 7.40% from 2017 to 2022, to reach a market size of USD 3.69 Billion by 2022. The major factors driving the growth of the rear spoiler market are the increasing production of vehicles, electrification of vehicles, and stringent emission norms introduced by the government to minimize greenhouse gas emissions.
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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.