- A Rear-mounted tray, also known as a parcel shelf, is a tray between rear seats and the rear windshield. This tray offers space to mount speakers and other accessories, umbrellas, and other miscellaneous products. A rear-mounted tray also covers the luggage. It is a pivot-able entity in the interior of a vehicle.
Key Drivers and Restraints of Global Automotive Rear-mounted Tray Market
- Shift of consumer preference toward sports utility vehicles (SUVs) and crossovers from sedan cars is driving the global automotive Rear-mounted tray market. SUVs and crossovers accounted for around 48% share of the total sales of light vehicles in the U.S. in 2018. Growing popularity of SUVs, crossovers, and other high-clearance utility vehicles is likely to boost the global automotive Rear-mounted tray market during the forecast period.
- Hatchback cars have gained popularity in developing countries such as India and Brazil, due to presence of price-sensitive consumers in these countries. Sales of hatchback cars have increased in the Rest of Middle East & Africa sub-region also. Rising demand for hatchback cars is anticipated to drive the automotive Rear-mounted tray market in the above-mentioned geographies between 2019 and 2027.
- Premium and luxury automakers such as Skoda, BMW, and Mercedes, which had earlier focused on sedan cars, have entered (or re-entered) the small car segment space comprising hatchbacks and compact SUVs. Rising competition among automakers and pressing requirements of consumers are estimated to boost the production of crossovers and hatchbacks in the near future. This, in turn, is projected to drive the global demand for automotive rear mounted trays in the next few years.
Advanced Plastics Segment to Witness Significant Growth
- A rear-mounted tray is generally made of polypropylene. However, other plastic blends and resins, such as PC/PBT, and PC/ABS, are being introduced to add structural rigidity and lower the weight of these trays. Thus, the advanced plastics segment is estimated to register a high CAGR during the forecast period.
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Autolift Technology to Witness Maximum Demand
- Rising trend of vehicle electrification and increasing demand for comfort among consumers are boosting the replacement of mechanical parts with motors and automatics. The autolift technology features automatic lifting of the Rear-mounted tray to access the luggage. The technology has been introduced in premium vehicles, such as Tesla, and it is anticipated to be adopted in entry-level vehicles during the forecast period
Aftermarket Segment to Hold a Leading Market Share
- Rear-mounted trays are generally original equipment (OE) fitted and are replaced on damage. The aftermarket segment holds a marginally high share of the global automotive rear-mounted tray market. The rising number of on-road vehicles in the U.S. and China is anticipated to boost the market in these countries during the forecast period.
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