Global Automotive Exterior Trim Parts Market, By Product Type (Front Bumper, Rear Bumper, Outside Rear View Mirror (ORVM), Rocker Panel (Under Cover), Radiator Grills, Wheel Arch Cladding (Fender Liner), Outside Door Handles, Exterior Car Door Trim, Mud Guard, Exterior Trims Parts), Vehicle Type (Passenger Cars, Commercial Vehicles, Heavy Trucks and Buses), Sales Channel (First Fit, Replacement) – Industry Trends and Forecast to 2029.
Automotive Exterior Trim Parts Market Analysis and Size
The demand for more luxury in cars and comfort as well as a quieter interior has intensely fueled the growth of the automotive exterior trim parts market globally. Luxury automobile sales are expected to double by 2020 due to the expansion of developing nations' economies and vehicle technology improvements. Furthermore, increasing manufacture of autonomous vehicles and increasing levels of investment to increase automotive production of exterior parts are some of the major factors expected to improve the market growth during forecast period of 2022-2029.
Data Bridge Market Research analyses that the automotive exterior trim parts market was valued at USD 19.99 billion in 2021 and is expected to reach USD 29.99 billion by 2029, registering a CAGR of 5.20% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Automotive Exterior Trim Parts Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Product Type (Front Bumper, Rear Bumper, Outside Rear View Mirror (ORVM), Rocker Panel (Under Cover), Radiator Grills, Wheel Arch Cladding (Fender Liner), Outside Door Handles, Exterior Car Door Trim, Mud Guard, Exterior Trims Parts), Vehicle Type (Passenger Cars, Commercial Vehicles, Heavy Trucks and Buses), Sales Channel (First Fit, Replacement)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
AISIN CORPORATION (Japan), CIE Automotive (Spain), DURA AUTOMOTIVE SYSTEMS (U.S.), Ficosa Internacional SA (Spain), GEDIA Automotive Group (U.S.), GRONBACH Inventive Sales & Marketing GmbH & Co KG (Germany), HAYASHI TELEMPU CORPORATION (Japan), IDEAL Automotive GmbH (Germany), KASAI KOGYO CO., LTD. (Japan), KIRCHHOFF Automotive (Germany), Knauf Gips KG, (Germany), Novares (France), NVH KOREA INC. (South Korea), SMR Deutschland GmbH (Germany), TOYOTA BOSHOKU CORPORATION (Japan), Plastic Omnium (France), HUTCHINSON (France), Magna International Inc. (France)
|
|
Market Opportunities
|
|
Market Definition
Any material applied to an exterior wall of the vehicle, if destroyed or removed, will not decrease the structural stability of the building enclosure. The automotive exterior trim includes bumpers, wheel wells, trim, window/door seals, and headlights. Most of the exterior trim consists of plastic, but vinyl and rubber also appear in some parts. Manufacturers use these to increase function, aesthetics, and flexibility to the automotive design.
Automotive Exterior Trim Parts Market Dynamics
Drivers
-
Innovative advanced features of automotive exterior parts
The presence of many new and advanced features automotive trim parts provide comfort and decrease overall weight of the vehicle by using fiberglass components. These are expected to attract more automobile companies and drive the market's demand and sales of automotive exterior trim parts.
-
Rising demand for luxury car
Growing demand for a luxury finish in cars is projected to drive the demand for the products such as chrome tape for car exteriors and car exterior black plastic polish. The Sales of automotive exterior trim parts account for approx. 27% share in global automotive exterior trim parts market revenue growth.
Opportunities
-
Increase the sales of passenger cars
The automotive exterior trim parts market has been growing due to several factors but growing global sales of passenger cars such as convertibles and sedans are the major factor which will create immense opportunities for the growth of the market. Growth in sales of passenger cars has increased demand for automotive exterior trim parts.
Moreover, increase the number of strategic collaborations and rise in emerging new markets will act as market drivers and increase the immense opportunities for the market’s growth rate.
Restraints/ Challenges
-
High cost
The preference of consumers are shifting towards the lightweight vehicle options, which has raised the demand for composite raw materials for manufacturing automotive exterior trim parts. But the high cost associated with this composite materials is anticipated the demand of the exterior trim parts and hamper the global automotive exterior trim parts market growth.
Also, the maintenance issues and replacement complexities will also act as market restraint for automotive exterior trim parts market in the above mentioned period
This automotive exterior trim parts market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive exterior trim parts market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an
Recent Development
- In November 2021, Lacks Enterprises Inc. had designed a joint venture with a Texas-based family-owned business named GL Automotive LLC to supply exterior trims parts and other parts to Toyota Motors North America. The venture
- In January 2021, Toyoda Gosei Co. Ltd. Had declared the establishment of a new plant in Ohira, Kurokawa-gun, Miyagi for exterior and interior automotive trim parts. The location is also home to Toyoda’s main consumer Toyota Motor East Japan Inc., and they will strengthen manufacture capacity in the Tohoku region, which is a major automotive parts.
Global Automotive Exterior Trim Parts Market Scope
The automotive exterior trim parts market is segmented on the basis of product type, vehicle type and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Front Bumper
- Rear Bumper
- Outside Rear View Mirror (ORVM)
- Rocker Panel (Under Cover)
- Radiator Grills
- Wheel Arch Cladding (Fender Liner
- Outside Door Handles
- Exterior Car Door Trim, Mud Guard
- Exterior Trims Parts
Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Heavy Trucks and Buses
Sales Channel
- First Fit
- Replacement
Automotive Exterior Trim Parts Market Regional Analysis/Insights
The automotive exterior trim parts market is analysed and market size insights and trends are provided by country, product type, vehicle type and sales channel as referenced above.
The countries covered in the automotive exterior trim parts market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.
North America dominates the automotive exterior trim parts during the forecast period. This is due to the prevalence of several manufacturing companies in this region.
Asia-Pacific is expected to be the fastest developing regions due to the increasing number of research and development activities in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Exterior Trim Parts Market Share Analysis
The automotive exterior trim parts market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive exterior trim parts market.
Some of the major players operating in the automotive exterior trim parts market are:
- AISIN CORPORATION (Japan)
- CIE Automotive (Spain)
- DURA AUTOMOTIVE SYSTEMS (U.S.)
- Ficosa Internacional SA (France)
- GEDIA Automotive Group (U.S.)
- GRONBACH Inventive Sales & Marketing GmbH & Co KG (Germany)
- HAYASHI TELEMPU CORPORATION (Japan)
- IDEAL Automotive GmbH (Germany)
- KASAI KOGYO CO., LTD. (Japan)
- KIRCHHOFF Automotive (Germany)
- Knauf Gips KG, (Germany)
- Novares (France)
- NVH KOREA INC. (South Korea)
- SMR Deutschland GmbH (Germany)
- TOYOTA BOSHOKU CORPORATION (Japan)
- Plastic Omnium (France)
- HUTCHINSON (France)
- Magna International Inc. (France)
SKU-
