Automotive Decorative Exterior Trim Market – Industry Analysis and Forecast (2017-2026)
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Automotive Decorative Exterior Trim Market – Industry Analysis and Forecast (2017-2026)

Automotive Decorative Exterior Trim Market size is valued at US$ 22 Bn in 2017 and expected to grow at a CAGR of 8% in the forecasting period. Rising automobile production coupled with shifting consumer preference toward enhancing the aesthetics of vehicles will primarily drive the automotive decorative exterior trim market size over the forecast timeframe.

Increasing demand for high-end luxury vehicles such as Ferrari, BMW, and Mercedes in several countries is stimulating the industry growth. Surging SUV sales owing to affluence level, rugged terrain, and large family sizes will influence the industry size positively.

Increasing internet penetration, consumer awareness, and availability of the technical information online are boosting “Do-It-Yourself or ‘’’DIY” customers in major countries, driving the product demand. Surging disposable income, vehicle sales, and customization of the vehicle to enhance its aesthetic appearance is propelling automotive decorative exterior trim market size.

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The automotive decorative exterior trim market is segmented based on application, vehicle, distribution channel, and geography. By application segment, the market is segmented into daylight opening, around a lamp, door upper trims, and windows. By vehicle, the market is segmented as PCV, LCV, and HCV. By distribution channel, the market is segmented as OEM and aftermarket. OEM is the major segment where the automotive decorative exterior trim is highly demanded and thus, it is expected to hold major market share in the forecast period.

OEMs install these products while manufacturing vehicles and supply the components to workshops and garages for replacement purposes. Insurance and warranty offered by OEMs will significantly contribute toward the industry dominance over the coming years. Manufacturers are focusing toward delivering the exterior trims developed with high-quality materials resulting in minimal chances of damage. Moreover, the manufacturers collaborate with vehicle repairing outlets for increasing their sales, supporting the industry growth till 2026.

Geographically, the automotive decorative exterior trim market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia-Pacific is expected to be the largest market for Automotive Decorative Exterior Trim during the forecast period. Substantial vehicle production across the region, especially in developing countries including India, China, and Indonesia will primarily drive the industry growth over the forecast timeframe.

Rising demand for improving aesthetics of the vehicle among consumers will further create a positive impact on the industry. Europe is projected to be the fastest growing market for automotive decorative exterior trim led by Italy, Spain, and Poland exhibiting significant growth rate during the forecast timeframe.

Key player across the automotive decorative exterior trim industry are Altuglass International, CIE Automotive, MVC, Takata, Trinseo, Magna International, Dura Automotive systems, and SRG Global, Inc. Manufacturers operate in a highly competitive environment competing at both OEM and aftermarket levels. Continuous innovations in materials, design, and manufacturing processes intensify the industry rivalry. Manufacturers are engaged in M&A activities for their production growth and regional expansion. Product manufacturers operate with OEMs, tier-1 suppliers, and independently to establish themselves in the automotive decorative exterior trim market.

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Automotive Decorative Exterior Trim Market Scope

Automotive Decorative Exterior Trim Market, By Application

• Daylight Opening
• Around Lamp
• Door Upper Trims
• Windows

Automotive Decorative Exterior Trim Market, By Vehicle

• PCV
• LCV
• HCV

Automotive Decorative Exterior Trim Market, By Distribution Channel

• OEM
• Aftermarket

Automotive Decorative Exterior Trim Market, By Geography

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America

Key Players operating in the Automotive Decorative Exterior Trim Market :

• Altuglass International
• CIE Automotive
• MVC
• Takata
• Trinseo
• Magna International
• Dura Automotive systems
• SRG Global, Inc.

MAJOR TOC OF THE REPORT

Chapter One: Automotive Decorative Exterior Trim Market Overview

Chapter Two: Manufacturers Profiles

Chapter Three: Global Automotive Decorative Exterior Trim Market Competition, by Players

Chapter Four: Global Automotive Decorative Exterior Trim Market Size by Regions

Chapter Five: North America Automotive Decorative Exterior Trim Revenue by Countries

Chapter Six: Europe Automotive Decorative Exterior Trim Revenue by Countries

Chapter Seven: Asia-Pacific Automotive Decorative Exterior Trim Revenue by Countries

Chapter Eight: South America Automotive Decorative Exterior Trim Revenue by Countries

Chapter Nine: Middle East and Africa Revenue Automotive Decorative Exterior Trim by Countries

Chapter Ten: Global Automotive Decorative Exterior Trim Market Segment by Type

Chapter Eleven: Global Automotive Decorative Exterior Trim Market Segment by Application

Chapter Twelve: Global Automotive Decorative Exterior Trim Market Size Forecast (2019-2026)

Browse Full Report with Facts and Figures of Automotive Decorative Exterior Trim Market Report at: https://www.maximizemarketresearch.com/market-report/automotive-decorative-exterior-trim-market/12777/

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