Automotive Decorative Exterior Trim Market Research From 2018-2024 | Key Players are 3M, Magna International, Takata, SRG Global, Dura Automotive Systems, CIE Automotive, IAC Group, Toyota Boshoku

Automotive Decorative Exterior Trim Market size is estimated to surpass USD 27 billion by 2024; according to a new research report by Global Market Insights, Inc. LCVs is expected to exhibit over 3.5% CAGR from 2017 to 2024. This can be credited to high product usage, especially in doors and windows. Shifting preference of manufacturers towards plastic usage in production of these trims for LCVs will further strengthen the product penetration. A variety of plastics such as polypropylene, PVC, ASA-AES, urethanes, and polyesters are used in the manufacturing process to reduce the overall vehicle weight, which in turn drives product demand.

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Industry Growth drivers:

1. Increasing automotive e-commerce influencing consumer buying
2. Presence of major premium car manufacturers and technical expertise of component suppliers
3. Increasing vehicle sales
4. Rapidly growing automotive aftermarket
5. Recovering economies supporting automotive industry
6. Demand for high-end vehicles

Asia Pacific automotive decorative exterior trim market size will account for over USD 11 billion over the coming years. Substantial automobile production, especially in the emerging nations including China and India will significantly contribute to the revenue generation. Increasing disposable income along with rising demand for improved vehicle aesthetics across the region will further support the region’s dominance. Europe will exhibit over 3% CAGR till 2024 owing to high demand of premium luxury cars in the developed countries coupled with presence of well established players across the region.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Altuglas International
2. Autoneum Management AG
3. CIE Automotive SA.
4. Dura Automotive Systems
5. IAC Group
6. Magna International, Inc.
7. MVC
8. National Plastic Technologies Ltd.
9. SRG Global, Inc.
10. Takata Corporation
11. Tajco
12. TK Holdings, Inc.
13. Toyota Boshoku Corporation
14. TS Tech Co., Ltd.
15. 3M
16. Agape Plastics
17. Grand Traverse Plastics Corp.
18. Ningbo Huaxiang
19. Cascade Engineering
20. Douglas Corporation
21. DRS Industries
22. Flex N Gate
23. Lacks Enterprises, Inc.
24. Anchor Manufacturing Group
25. American Nickeloid Company

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Global automotive decorative exterior trims market share is expected to cross 500 kilo tons till 2024. Substantial automobile production across the globe coupled with shifting preference of consumers towards improving the aesthetics of vehicles will primarily drive the industry growth over the forecast timeframe. Proliferating demand of premium vehicles such as BMW, and Mercedes has led to increased production which in turn positively impacting the industry growth.

Automotive decorative exterior trim market size from PCVs will generate the demand of over 430 kilo tons over the forecast timeframe. This can be attributed to increasing passenger vehicle production across the globe. Enhancement of visual appeal due to installation of decorative exterior trims is the major factor attracting the customers, further propelling the demand till 2024.

Around lamp decorative exterior trim market size is expected to reach USD 9 billion by 2024. High usage of the product around lamps to improve the aesthetics and to offer superior fit to the auto part will primarily drive the industry growth. Increasing preference for vehicle customization is another factor supporting the industry dominance till 2024.

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CIE Automotive, Takata, MVC, Dura Automotive Systems, Altuglass International, and SRG Global are among the prominent industry participants. They focus on regular innovations in manufacturing processes, materials, and design, intensifying the industry rivalry.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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