Press Release

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

 

Download Free Sample Report

Customers can also request for 10% free customization on this report.

 

 “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.

 

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York 10017

Tel: +1-646-360-1656

Email: [email protected]

Website: www.techsciresearch.com

Relevant Reports

Relevant News