Global Automotive Exterior Trim Parts Market to Grow with a CAGR of 7.2% through 2028
Urbanization and
Congestion Relief, changing consumer preferences and regulatory support and
policy initiatives is driving the Global Automotive Exterior Trim Parts Market
in the forecast period 2024-2028.
According to
TechSci Research report, “Automotive Exterior Trim Parts Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028”,
the Global Automotive Exterior Trim Parts Market stood at USD 40 billion in
2022 and is anticipated to grow with a CAGR of 7.2% in the forecast period,
2024-2028. Automotive trims are plastic parts that are fitted in cars to
improve their looks and functionality. The unique features of a vehicle are
described by the trims used on it. Many parts that are fitted in a car,
including the front and rear bumpers, the dashboards, and similar ones,
describe various trims that are used more often in cars. Lightweight and robust
car components comprised of various polymers have been developed and introduced
by numerous automotive component manufacturers. These parts are used more
frequently in automobiles, which has a positive impact on the expansion of the
worldwide automotive trim market. The demand for goods like car exterior black
plastic polish and chrome tape for car exteriors is anticipated to rise in
response to rising consumer desire for a luxurious finish in automobiles. The market, which is primarily connected to
manufacturers of vehicle exterior trim parts, has published a half-yearly
comparison of the growth forecast for the market for automotive exterior trim
parts along with the market's significant developments. By employing
lightweight and sustainable products, these can also lessen their carbon
footprint and meet sustainability targets. Over the forecast term, bumper
demand is expected to be further supported by bumpers' capacity to add weight
to a vehicle without compromising performance and improve aerodynamics.
Browse over XX
market data Figures spread through XX Pages and an in-depth TOC on
"Automotive Exterior Trim Parts Market.”
The global
automotive industry is a vast and dynamic sector that encompasses a wide range
of components and systems, with automotive exterior trim parts playing a crucial
role in both the aesthetics and functionality of vehicles. These exterior trim
parts include components such as bumpers, grilles, side mirrors, door handles,
moldings, and various other elements that enhance the vehicle's appearance
while providing protection and safety features. This market overview will
provide an in-depth analysis of the global automotive exterior trim parts
industry, covering key market trends, drivers, challenges, and opportunities. The Global Automotive Exterior Trim Parts Market is a
critical and dynamic sector within the broader automotive industry, playing a
pivotal role in enhancing the aesthetics, functionality, and safety of
vehicles. This comprehensive market overview delves deep into the multifaceted
landscape of the Global Automotive Exterior Trim Parts Market, encompassing its
key aspects, market dynamics, driving forces, challenges, emerging trends, and
prospects.
One of the
primary drivers of this market's growth is the continuous expansion of the
global automotive industry. Emerging markets, particularly in Asia-Pacific and
Latin America, have experienced significant growth in vehicle production,
thanks to factors like urbanization, increasing disposable income, and
infrastructure development. As more people gain access to automobiles, the
demand for exterior trim parts rises in tandem.
Moreover,
consumers' growing preference for customization and personalization of their
vehicles has fueled the demand for unique and aesthetically appealing exterior
trim parts. Automakers are responding to this trend by offering a wide range of
options and packages for exterior trim customization, further boosting the
market's growth.
In terms of
materials used for automotive exterior trim parts, there has been a notable
shift towards lightweight and environmentally friendly materials.
Traditionally, these parts were primarily made from metal, such as steel and
aluminum, due to their durability and strength. However, to meet stringent fuel
efficiency and emissions standards, manufacturers are increasingly turning to
lightweight materials like plastics, composites, and carbon fiber-reinforced
polymers.
Plastic exterior
trim parts offer several advantages, including reduced weight, corrosion
resistance, and ease of molding into complex shapes. Additionally, plastic
components are often more cost-effective to produce compared to metal
counterparts. These factors have led to a growing preference for plastic trim
parts in the automotive industry.
Furthermore, the
adoption of advanced manufacturing technologies such as injection molding,
thermoforming, and 3D printing has revolutionized the production of automotive
exterior trim parts. These technologies allow for greater design flexibility,
faster production times, and improved precision, resulting in higher-quality
and more innovative trim parts.
Major companies
operating in Global Automotive Exterior Trim Parts Market are:
- AISIN Group
- CIE Automotive
- DURA Automotive Systems
- Ficosa Internacional SA
- GEDIA Automotive Group
- Hayashi Telempu Corporation
- IDEAL Automotive
- KASAI KOGYO Co. Ltd.
- Samvardhana Motherson Group
- TOYOTA BOSHOKU Corporation
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“The
Global Automotive Exterior Trim Parts Market is marked by dynamic trends,
including the adoption of advanced materials for lightweighting, innovative
design aesthetics, integration of cutting-edge technologies, a growing emphasis
on sustainability, expansion into emerging markets, and the integration of
active aerodynamics. These trends collectively reflect the automotive
industry's commitment to enhancing vehicle performance, safety, and
environmental responsibility while catering to consumer preferences.
Manufacturers and suppliers in this market are continuously evolving to meet
these demands, ensuring that exterior trim parts not only meet regulatory
standards but also contribute to the overall aesthetics, functionality, and
sustainability of vehicles. As the industry advances, exterior trim parts remain
a critical element in shaping the future of automotive design and performance.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Automotive Exterior Trim
Parts Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2028 Segmented By Vehicle Type (Passenger Car, Commercial Vehicle), By
Product Type (Front Bumper, Rear Bumper, Outside Rear View Mirror (ORVM),
Rocker Panel (Under Cover), Radiator Grills, Wheel Arch Cladding (Fender
Liner)), By Sales Channel (OEM, Replacement), By Region, By Competition.”,
has evaluated the future growth potential of Global Automotive Exterior Trim
Parts Market and provides statistics & information on market size, structure,
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Automotive Exterior
Trim Parts Market.
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