Automotive Rear Spoiler Market Updates by 2031
The Automotive Rear Spoiler Market is expected to register a CAGR of 6.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
Automotive Rear Spoiler Market covers analysis By Technology Type (Blow Molding, Injection Molding, Reaction Injection Molding); Material Type (ABS, Carbon Fiber, Fiberglass, Sheet Metal); Fuel Type (BEV, ICE, Others); Vehicle Type (Hatchback, SUV, MPV) , and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America)
Purpose of the ReportThe report Automotive Rear Spoiler Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Automotive Rear Spoiler Market Segmentation
By Technology Type- Blow Molding
- Injection Molding
- Reaction Injection Molding;
- ABS
- Carbon Fiber
- Fiberglass
- Sheet Metal;
- BEV
- ICE
- Others;
- Hatchback
- SUV
- MPV
- Hatchback
- SUV
- MPV
Strategic Insights
Automotive Rear Spoiler Market Growth Drivers- Growing Demand for Vehicle Aesthetics and Personalization: A significant driver in the automotive rear spoiler market is increased demand for personalization and the aesthetic appeal of the vehicle. Customers - whether they have sports cars or daily drivers - are looking for all different ways to make their vehicle appear more attractive to the eye, thus demanding automobile rear spoilers. Additionally, increased focus on the performance of the vehicle and its fuel efficiency has led to increased adoption of rear spoilers. These components improve the aerodynamics, reduce drag, and provide better stability at higher speeds.
- Increased Consumer Inclination Towardsty Sports Cars: Rear spoilers are a cosmetic up-grade that should make a vehicle sporty and aggressive-looking. Such a characteristic has appeal to the younger market and enthusiasts, hence motivating demand in varied designs and finishes. The growing demand for sports cars is propelling the market for rear spoilers. More customers are demanding cars with high end techology along with aethetically pleasing appearances which is having a positive impact on the market.
- Increasing Focus on Environmental Sustainability: The increasing requirements from environmental considerations could help the players in the automotive rear spoiler market to address this aspect by focusing on sustainability in practices and materials. The growing emphasis on sustainable approaces in automotive sector along with increasing implementation of lightweight and eco-friendly materials in the automotive sector is boosting the market growth of automotive rear spoiler market
- Increasing Emphasis on Advance Technologies: The customization culture has taken over in which customers will pay for accessories that have a specific look. High-level aftermarket purchase of rear spoilers is high because of customer acquisitions of components unique to the vehicle and excluding models' standards. Rear spoilers are also used in order to reduce drag and increase downforce. Therefore, these help in increasing the stability of a car at high speeds. In this particular case, it becomes important in sport cars and racing automobiles due to aerodynamic efficiency sometimes playing a crucial role in performance.Improved aerodynamics also translate to better fuel efficiency.
- Electric Vehicle (EV) Market Growth: As the electric vehicle market grows, rear spoiler manufacturers can create designs that specialize in improving the aerodynamics of electric vehicles, making them go further and perform better. The growing government boost for adopting electric vehicles across various nations are projected to drive the growth of the automotive rear spoiler market. The growing sales of electric vehicles with supportive government policies are anticipated to offer lucrative opportunities for the automotive rear spoiler market.
- Rising Adoption of the Lightweight Materials: The growing implementatio of lightweight materials for spoiler manufacturing is creating ample opportunity for the market growth. Rear spoilers are designed using lightweight materials such as carbon fiber, fiberglass, and advanced polymers. These allow improvement of the aerodynamic characteristics of the spoilers, but also contribute to overall weight reduction of the vehicle, hence better fuel efficiency. There is a rising trend toward utilizing sustainable materials in fabricating automotive parts, such as rear spoilers is one of the prominent trends in the market.
- Rising Partnership with Local Manufacturers: By partnering with local automotive manufacturers and even after-market service provider companies enters into the market easily and enhance the distrubution network. Companies operating in the automotive sector is highly focusing on collaborating with other companies to enhance the product availability and sales of already exsisting products with expanded distribution channels. Merger and acquisition plays a major role in the over all market developmnet as it helps the companies to streghten their foothold in the global market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Automotive Rear Spoiler Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Automotive Rear Spoiler Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Automotive Rear Spoiler Market is estimated to witness a CAGR of 6.5% from 2023 to 2031
The major factors driving the automotive rear spoiler market are: Rising demand for vehicle customization with increased sale of the passenger cars across the globe drives the market growth.
High manufacturing costs of the automotive rear spoiler hinders the market growth.
The major players in the market includes Aisin Corporation, Albar Industries, Inc., DAR Spoilers, Dawn Enterprises Inc., INOAC Corporation, Magna International Inc, Compagnie Plastic Omnium SE (Burelle SA), POLYTEC Holding AG, SEIBON Carbon (SEIBON International Inc.), SMP Deutschland GmbH, Others
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive Rear Spoiler Market - By Technology Type
1.3.2 Automotive Rear Spoiler Market - By Material Type
1.3.3 Automotive Rear Spoiler Market - By Fuel Type
1.3.4 Automotive Rear Spoiler Market - By Vehicle Type
1.3.5 Automotive Rear Spoiler Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE REAR SPOILER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AUTOMOTIVE REAR SPOILER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AUTOMOTIVE REAR SPOILER MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE REAR SPOILER - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE REAR SPOILER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE REAR SPOILER MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY TYPE
7.1. OVERVIEW
7.2. TECHNOLOGY TYPE MARKET FORECASTS AND ANALYSIS
7.3. BLOW MOLDING
7.3.1. Overview
7.3.2. Blow Molding Market Forecast and Analysis
7.4. INJECTION MOLDING
7.4.1. Overview
7.4.2. Injection Molding Market Forecast and Analysis
7.5. REACTION INJECTION MOLDING
7.5.1. Overview
7.5.2. Reaction Injection Molding Market Forecast and Analysis
8. AUTOMOTIVE REAR SPOILER MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL TYPE
8.1. OVERVIEW
8.2. MATERIAL TYPE MARKET FORECASTS AND ANALYSIS
8.3. ABS
8.3.1. Overview
8.3.2. ABS Market Forecast and Analysis
8.4. CARBON FIBER
8.4.1. Overview
8.4.2. Carbon Fiber Market Forecast and Analysis
8.5. FIBERGLASS
8.5.1. Overview
8.5.2. Fiberglass Market Forecast and Analysis
8.6. SHEET METAL
8.6.1. Overview
8.6.2. Sheet Metal Market Forecast and Analysis
9. AUTOMOTIVE REAR SPOILER MARKET - REVENUE AND FORECASTS TO 2028 - FUEL TYPE
9.1. OVERVIEW
9.2. FUEL TYPE MARKET FORECASTS AND ANALYSIS
9.3. BEV
9.3.1. Overview
9.3.2. BEV Market Forecast and Analysis
9.4. ICE
9.4.1. Overview
9.4.2. ICE Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. AUTOMOTIVE REAR SPOILER MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
10.1. OVERVIEW
10.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
10.3. HATCHBACK
10.3.1. Overview
10.3.2. Hatchback Market Forecast and Analysis
10.4. SUV
10.4.1. Overview
10.4.2. SUV Market Forecast and Analysis
10.5. MPV
10.5.1. Overview
10.5.2. MPV Market Forecast and Analysis
11. AUTOMOTIVE REAR SPOILER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Automotive Rear Spoiler Market Overview
11.1.2 North America Automotive Rear Spoiler Market Forecasts and Analysis
11.1.3 North America Automotive Rear Spoiler Market Forecasts and Analysis - By Technology Type
11.1.4 North America Automotive Rear Spoiler Market Forecasts and Analysis - By Material Type
11.1.5 North America Automotive Rear Spoiler Market Forecasts and Analysis - By Fuel Type
11.1.6 North America Automotive Rear Spoiler Market Forecasts and Analysis - By Vehicle Type
11.1.7 North America Automotive Rear Spoiler Market Forecasts and Analysis - By Countries
11.1.7.1 United States Automotive Rear Spoiler Market
11.1.7.1.1 United States Automotive Rear Spoiler Market by Technology Type
11.1.7.1.2 United States Automotive Rear Spoiler Market by Material Type
11.1.7.1.3 United States Automotive Rear Spoiler Market by Fuel Type
11.1.7.1.4 United States Automotive Rear Spoiler Market by Vehicle Type
11.1.7.2 Canada Automotive Rear Spoiler Market
11.1.7.2.1 Canada Automotive Rear Spoiler Market by Technology Type
11.1.7.2.2 Canada Automotive Rear Spoiler Market by Material Type
11.1.7.2.3 Canada Automotive Rear Spoiler Market by Fuel Type
11.1.7.2.4 Canada Automotive Rear Spoiler Market by Vehicle Type
11.1.7.3 Mexico Automotive Rear Spoiler Market
11.1.7.3.1 Mexico Automotive Rear Spoiler Market by Technology Type
11.1.7.3.2 Mexico Automotive Rear Spoiler Market by Material Type
11.1.7.3.3 Mexico Automotive Rear Spoiler Market by Fuel Type
11.1.7.3.4 Mexico Automotive Rear Spoiler Market by Vehicle Type
11.2. EUROPE
11.2.1 Europe Automotive Rear Spoiler Market Overview
11.2.2 Europe Automotive Rear Spoiler Market Forecasts and Analysis
11.2.3 Europe Automotive Rear Spoiler Market Forecasts and Analysis - By Technology Type
11.2.4 Europe Automotive Rear Spoiler Market Forecasts and Analysis - By Material Type
11.2.5 Europe Automotive Rear Spoiler Market Forecasts and Analysis - By Fuel Type
11.2.6 Europe Automotive Rear Spoiler Market Forecasts and Analysis - By Vehicle Type
11.2.7 Europe Automotive Rear Spoiler Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Automotive Rear Spoiler Market
11.2.7.1.1 Germany Automotive Rear Spoiler Market by Technology Type
11.2.7.1.2 Germany Automotive Rear Spoiler Market by Material Type
11.2.7.1.3 Germany Automotive Rear Spoiler Market by Fuel Type
11.2.7.1.4 Germany Automotive Rear Spoiler Market by Vehicle Type
11.2.7.2 France Automotive Rear Spoiler Market
11.2.7.2.1 France Automotive Rear Spoiler Market by Technology Type
11.2.7.2.2 France Automotive Rear Spoiler Market by Material Type
11.2.7.2.3 France Automotive Rear Spoiler Market by Fuel Type
11.2.7.2.4 France Automotive Rear Spoiler Market by Vehicle Type
11.2.7.3 Italy Automotive Rear Spoiler Market
11.2.7.3.1 Italy Automotive Rear Spoiler Market by Technology Type
11.2.7.3.2 Italy Automotive Rear Spoiler Market by Material Type
11.2.7.3.3 Italy Automotive Rear Spoiler Market by Fuel Type
11.2.7.3.4 Italy Automotive Rear Spoiler Market by Vehicle Type
11.2.7.4 United Kingdom Automotive Rear Spoiler Market
11.2.7.4.1 United Kingdom Automotive Rear Spoiler Market by Technology Type
11.2.7.4.2 United Kingdom Automotive Rear Spoiler Market by Material Type
11.2.7.4.3 United Kingdom Automotive Rear Spoiler Market by Fuel Type
11.2.7.4.4 United Kingdom Automotive Rear Spoiler Market by Vehicle Type
11.2.7.5 Russia Automotive Rear Spoiler Market
11.2.7.5.1 Russia Automotive Rear Spoiler Market by Technology Type
11.2.7.5.2 Russia Automotive Rear Spoiler Market by Material Type
11.2.7.5.3 Russia Automotive Rear Spoiler Market by Fuel Type
11.2.7.5.4 Russia Automotive Rear Spoiler Market by Vehicle Type
11.2.7.6 Rest of Europe Automotive Rear Spoiler Market
11.2.7.6.1 Rest of Europe Automotive Rear Spoiler Market by Technology Type
11.2.7.6.2 Rest of Europe Automotive Rear Spoiler Market by Material Type
11.2.7.6.3 Rest of Europe Automotive Rear Spoiler Market by Fuel Type
11.2.7.6.4 Rest of Europe Automotive Rear Spoiler Market by Vehicle Type
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Automotive Rear Spoiler Market Overview
11.3.2 Asia-Pacific Automotive Rear Spoiler Market Forecasts and Analysis
11.3.3 Asia-Pacific Automotive Rear Spoiler Market Forecasts and Analysis - By Technology Type
11.3.4 Asia-Pacific Automotive Rear Spoiler Market Forecasts and Analysis - By Material Type
11.3.5 Asia-Pacific Automotive Rear Spoiler Market Forecasts and Analysis - By Fuel Type
11.3.6 Asia-Pacific Automotive Rear Spoiler Market Forecasts and Analysis - By Vehicle Type
11.3.7 Asia-Pacific Automotive Rear Spoiler Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Automotive Rear Spoiler Market
11.3.7.1.1 Australia Automotive Rear Spoiler Market by Technology Type
11.3.7.1.2 Australia Automotive Rear Spoiler Market by Material Type
11.3.7.1.3 Australia Automotive Rear Spoiler Market by Fuel Type
11.3.7.1.4 Australia Automotive Rear Spoiler Market by Vehicle Type
11.3.7.2 China Automotive Rear Spoiler Market
11.3.7.2.1 China Automotive Rear Spoiler Market by Technology Type
11.3.7.2.2 China Automotive Rear Spoiler Market by Material Type
11.3.7.2.3 China Automotive Rear Spoiler Market by Fuel Type
11.3.7.2.4 China Automotive Rear Spoiler Market by Vehicle Type
11.3.7.3 India Automotive Rear Spoiler Market
11.3.7.3.1 India Automotive Rear Spoiler Market by Technology Type
11.3.7.3.2 India Automotive Rear Spoiler Market by Material Type
11.3.7.3.3 India Automotive Rear Spoiler Market by Fuel Type
11.3.7.3.4 India Automotive Rear Spoiler Market by Vehicle Type
11.3.7.4 Japan Automotive Rear Spoiler Market
11.3.7.4.1 Japan Automotive Rear Spoiler Market by Technology Type
11.3.7.4.2 Japan Automotive Rear Spoiler Market by Material Type
11.3.7.4.3 Japan Automotive Rear Spoiler Market by Fuel Type
11.3.7.4.4 Japan Automotive Rear Spoiler Market by Vehicle Type
11.3.7.5 South Korea Automotive Rear Spoiler Market
11.3.7.5.1 South Korea Automotive Rear Spoiler Market by Technology Type
11.3.7.5.2 South Korea Automotive Rear Spoiler Market by Material Type
11.3.7.5.3 South Korea Automotive Rear Spoiler Market by Fuel Type
11.3.7.5.4 South Korea Automotive Rear Spoiler Market by Vehicle Type
11.3.7.6 Rest of Asia-Pacific Automotive Rear Spoiler Market
11.3.7.6.1 Rest of Asia-Pacific Automotive Rear Spoiler Market by Technology Type
11.3.7.6.2 Rest of Asia-Pacific Automotive Rear Spoiler Market by Material Type
11.3.7.6.3 Rest of Asia-Pacific Automotive Rear Spoiler Market by Fuel Type
11.3.7.6.4 Rest of Asia-Pacific Automotive Rear Spoiler Market by Vehicle Type
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Automotive Rear Spoiler Market Overview
11.4.2 Middle East and Africa Automotive Rear Spoiler Market Forecasts and Analysis
11.4.3 Middle East and Africa Automotive Rear Spoiler Market Forecasts and Analysis - By Technology Type
11.4.4 Middle East and Africa Automotive Rear Spoiler Market Forecasts and Analysis - By Material Type
11.4.5 Middle East and Africa Automotive Rear Spoiler Market Forecasts and Analysis - By Fuel Type
11.4.6 Middle East and Africa Automotive Rear Spoiler Market Forecasts and Analysis - By Vehicle Type
11.4.7 Middle East and Africa Automotive Rear Spoiler Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Automotive Rear Spoiler Market
11.4.7.1.1 South Africa Automotive Rear Spoiler Market by Technology Type
11.4.7.1.2 South Africa Automotive Rear Spoiler Market by Material Type
11.4.7.1.3 South Africa Automotive Rear Spoiler Market by Fuel Type
11.4.7.1.4 South Africa Automotive Rear Spoiler Market by Vehicle Type
11.4.7.2 Saudi Arabia Automotive Rear Spoiler Market
11.4.7.2.1 Saudi Arabia Automotive Rear Spoiler Market by Technology Type
11.4.7.2.2 Saudi Arabia Automotive Rear Spoiler Market by Material Type
11.4.7.2.3 Saudi Arabia Automotive Rear Spoiler Market by Fuel Type
11.4.7.2.4 Saudi Arabia Automotive Rear Spoiler Market by Vehicle Type
11.4.7.3 U.A.E Automotive Rear Spoiler Market
11.4.7.3.1 U.A.E Automotive Rear Spoiler Market by Technology Type
11.4.7.3.2 U.A.E Automotive Rear Spoiler Market by Material Type
11.4.7.3.3 U.A.E Automotive Rear Spoiler Market by Fuel Type
11.4.7.3.4 U.A.E Automotive Rear Spoiler Market by Vehicle Type
11.4.7.4 Rest of Middle East and Africa Automotive Rear Spoiler Market
11.4.7.4.1 Rest of Middle East and Africa Automotive Rear Spoiler Market by Technology Type
11.4.7.4.2 Rest of Middle East and Africa Automotive Rear Spoiler Market by Material Type
11.4.7.4.3 Rest of Middle East and Africa Automotive Rear Spoiler Market by Fuel Type
11.4.7.4.4 Rest of Middle East and Africa Automotive Rear Spoiler Market by Vehicle Type
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Automotive Rear Spoiler Market Overview
11.5.2 South and Central America Automotive Rear Spoiler Market Forecasts and Analysis
11.5.3 South and Central America Automotive Rear Spoiler Market Forecasts and Analysis - By Technology Type
11.5.4 South and Central America Automotive Rear Spoiler Market Forecasts and Analysis - By Material Type
11.5.5 South and Central America Automotive Rear Spoiler Market Forecasts and Analysis - By Fuel Type
11.5.6 South and Central America Automotive Rear Spoiler Market Forecasts and Analysis - By Vehicle Type
11.5.7 South and Central America Automotive Rear Spoiler Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Automotive Rear Spoiler Market
11.5.7.1.1 Brazil Automotive Rear Spoiler Market by Technology Type
11.5.7.1.2 Brazil Automotive Rear Spoiler Market by Material Type
11.5.7.1.3 Brazil Automotive Rear Spoiler Market by Fuel Type
11.5.7.1.4 Brazil Automotive Rear Spoiler Market by Vehicle Type
11.5.7.2 Argentina Automotive Rear Spoiler Market
11.5.7.2.1 Argentina Automotive Rear Spoiler Market by Technology Type
11.5.7.2.2 Argentina Automotive Rear Spoiler Market by Material Type
11.5.7.2.3 Argentina Automotive Rear Spoiler Market by Fuel Type
11.5.7.2.4 Argentina Automotive Rear Spoiler Market by Vehicle Type
11.5.7.3 Rest of South and Central America Automotive Rear Spoiler Market
11.5.7.3.1 Rest of South and Central America Automotive Rear Spoiler Market by Technology Type
11.5.7.3.2 Rest of South and Central America Automotive Rear Spoiler Market by Material Type
11.5.7.3.3 Rest of South and Central America Automotive Rear Spoiler Market by Fuel Type
11.5.7.3.4 Rest of South and Central America Automotive Rear Spoiler Market by Vehicle Type
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. AUTOMOTIVE REAR SPOILER MARKET, KEY COMPANY PROFILES
13.1. MAGNA INTERNATIONAL
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. PLASTIC OMNIUM
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. SMP AUTOMOTIVE
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. POLYTEC GROUP
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. THAI RUNG UNION CAR PLC
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. INOAC CORPORATION
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. VOLKSWAGEN GROUP
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. DAR SPOILERS
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. AISIN
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. VALMET AUTOMOTIVE
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Magna International
2. Plastic Omnium
3. SMP Automotive
4. Polytec Group
5. Thai Rung Union Car Plc
6. INOAC Corporation
7. Volkswagen Group
8. DAR Spoilers
9. Aisin
10. Valmet Automotive
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.