What is Automotive Exterior Trim - Global Market?
The Automotive Exterior Trim - Global Market is a vast and dynamic sector that encompasses a variety of components used in the exterior design and functionality of vehicles. These components, which include bumpers, sealing strips, grilles, and others, play a crucial role in enhancing the aesthetic appeal, safety, and performance of vehicles. The global market for these components is driven by the increasing demand for stylish and high-performance vehicles among consumers worldwide. However, the market's growth is also influenced by several other factors, including technological advancements, changing consumer preferences, and evolving industry standards and regulations.
Bumper, Sealing Strip, Grille, Other in the Automotive Exterior Trim - Global Market:
Bumpers, sealing strips, grilles, and other components are integral parts of the Automotive Exterior Trim - Global Market. Bumpers are designed to absorb the impact in a collision, thereby protecting the vehicle's occupants and minimizing damage to the vehicle's body. Sealing strips, on the other hand, are used to seal gaps between different parts of a vehicle, preventing dust, water, and other elements from entering the vehicle. Grilles are used to cover openings in the vehicle's body for air intake, and they also contribute to the vehicle's aesthetic appeal. Other components in the market include roof racks, wheel trims, automotive emblems, and more. These components are manufactured by various companies, including Toyoda Gosei, Magna, Plastic Omnium, Cooper Standard, YFPO, among others.
Passenger Vehicle, Commercial Vehicle in the Automotive Exterior Trim - Global Market:
The Automotive Exterior Trim - Global Market finds its application in both passenger vehicles and commercial vehicles. In passenger vehicles, these components contribute to the vehicle's style, comfort, and safety. They are designed to enhance the vehicle's aesthetic appeal while also providing practical functionality. For instance, roof racks provide additional storage space, while wheel trims protect the wheels from damage and add to the vehicle's overall look. In commercial vehicles, these components are used to enhance the vehicle's durability and performance. They are designed to withstand heavy use and harsh conditions, thereby extending the vehicle's lifespan and reducing maintenance costs.
Automotive Exterior Trim - Global Market Outlook:
The global Automotive Exterior Trim market, which was valued at US$ 22020 million in 2022, is expected to reach US$ 26780 million by 2029, growing at a CAGR of 2.8% during the forecast period 2023-2029. This growth is driven by the increasing demand for vehicles, both passenger and commercial, and the rising consumer preference for stylish and high-performance vehicles. The market is dominated by several key manufacturers, including Toyoda Gosei, Magna, Plastic Omnium, Cooper Standard, and YFPO, which collectively account for about 30% of the market. These manufacturers are continuously investing in research and development to introduce innovative and high-quality products to meet the changing needs and preferences of consumers.
| Report Metric | Details |
| Report Name | Automotive Exterior Trim - Market |
| Forecasted market size in 2029 | US$ 26780 million |
| CAGR | 2.8% |
| Forecasted years | 2023 - 2029 |
| Global Automotive Exterior Trim market, by region: |
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| Global Automotive Exterior Trim market, Segment by Type: |
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| Global Automotive Exterior Trim market, by Application |
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| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
