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What's Driving the Automotive Decorative Exterior Trim Market Trend? Key players IAC Group, Magna International, MVC, National Plastic Technologies, SRG Global, Takata, Tajco, TK Holdings, Toyota Boshoku
Automotive Decorative Exterior Trim Market
While designing the trim parts, renowned participants in automotive decorative exterior trim industry have been concentrating on studying manufacturability properties, surface finish, and material characteristics. For instance, the research team of DURA has been involved in the development of high performance and lightweight modules and systems for automotive exterior trims for a while now. It has also installed frame technologies to manufacture exterior parts of hybrid and electric vehicles, while simultaneously adopting numerous strategies to combat the fierce competition in automotive decorative exterior trim market.
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In recent times, automobiles have emerged from a mode of transport to being a status symbol, on the grounds of which automotive decorative exterior trim market has been witnessing tremendous expansion on a global scale. Right from the color of the car to its bumper type, everything about the automobile not only creates a distinct impression about the vehicle but also determines its present and future value.
A significant amount of research and development is undertaken while designing a vehicle's interior and exterior, bearing in mind the interest of the consumer. Considerable efforts are undertaken to determine not only what the consumer wants currently, but also what he/she might want in the coming years, since an outdated design can majorly depreciate a vehicle's market value. In this regard, vehicle accessory manufacturers have been robustly driving automotive decorative exterior trim market trends.
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The competitive landscape of automotive decorative exterior trim market is inclusive of reputed biggies such as Magna International, Altuglass International, Takata, CIE Automotive, MVC, Trinseo, Dura Automotive systems and others, continually vying with each other to capture maximum industry share. With intensified innovations in design and manufacturing techniques and cumulative consumer demand, automotive decorative exterior trim market size is expected to surpass USD 27 billion in terms of revenue.
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