Automotive Exterior Trim Parts Market Share and Demand Analysis with Size, Growth Drivers and Forecast to 2030


This includes components such as chrome accents, body moldings, and decorative grilles.

Automotive Exterior Trim Parts Market Value and CAGR

The automotive exterior trim parts market plays a crucial role in the aesthetics, functionality, and safety of vehicles. These components encompass a wide range of elements designed to enhance the vehicle's appearance, protect it from environmental factors, and improve aerodynamics.

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One significant segment of the automotive exterior trim parts market is dedicated to enhancing a vehicle's visual appeal. This includes components such as chrome accents, body moldings, and decorative grilles. These elements not only add a touch of style but also contribute to brand identity and customer perception. Automakers often use trim parts to differentiate their models and create unique design signatures.

Protection is another vital aspect of exterior trim parts. Bumpers, fender flares, and mudguards help shield the vehicle from damage caused by road debris, collisions, and harsh weather conditions. These parts are essential for preserving the structural integrity of the vehicle and ensuring passenger safety.

 

Automotive Exterior Trim Parts Market Growth Drivers and Risks

Drivers:

  • Rising Vehicle Production: The global automotive industry continues to grow, particularly in emerging markets. Increased vehicle production directly drives the demand for exterior trim parts.
  • Consumer Demand for Aesthetics: Consumers place a high value on the appearance of their vehicles. As a result, automakers invest in visually appealing exterior trim parts to attract buyers.
  • Regulatory Requirements: Stringent regulations related to safety, emissions, and fuel efficiency drive the need for innovative exterior trim parts. For example, pedestrian safety regulations have led to changes in bumper design.

 

Risks:

  • Supply Chain Disruptions: Global supply chain disruptions, such as those seen during the COVID-19 pandemic, can affect the availability of raw materials and components, leading to production delays and increased costs.
  • Fluctuating Material Prices: Prices of materials like aluminum and steel can be volatile due to factors like trade tensions and economic conditions. This volatility can impact manufacturing costs.
  • Changing Consumer Preferences: Shifts in consumer preferences and market trends can pose a risk to manufacturers who have invested heavily in specific types of exterior trim parts that are no longer in demand.

 

Automotive Exterior Trim Parts Market Keyplayers

By Company

  • AISIN SEIKI Co., Ltd., 
  • CIE Automotive, 
  • DURA AUTOMOTIVE SYSTEMS., 
  • Ficosa Internacional SA, 
  • GEDIA Automotive Group, 
  • GRONBACH Inventive Sales & Marketing GmbH & Co KG, 

 

Automotive Exterior Trim Parts Market Segmentations

By Product Type:

  •  Front Bumper
  •  Rear Bumper
  •  Outside Rear-View Mirror (ORVM)

By Vehicle Type: 

  •  Passenger Cars
  •  Commercial Vehicles
  •  Heavy Trucks and Buses

 

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Published in

Industry , Industry

Published on

Oct 07, 2023

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