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Automotive Decorative Exterior Trim Market Report 2024: IAC Group, Magna International, Inc., MVC, National Plastic Technologies Ltd., SRG Global, Inc., Takata Corporation, Tajco, TK Holdings, Inc., Toyota Boshoku Corporation, TS Tech Co. Ltd., 3M, Agape

05-21-2020 07:42 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: DecResearch.com

Automotive Decorative Exterior Trim Market

Automotive Decorative Exterior Trim Market

The rise in the demand for decorative exterior trim has provided a rather lucrative opportunity for automotive decorative exterior trim market players in terms of product differentiation and production. In this regard, it is prudent to mention that OEMS are expected to generate 70% of the automotive decorative exterior trim industry revenue in the forecast period. Exterior trim designed and installed by OEMs offer insurance and warranty and are made of comparatively higher quality materials than the exterior trims available in the aftermarket. However, automotive decorative exterior trim industry size from aftermarket sales are also expected to surge over 2017-2024, driven by the cost-effective nature of these trims and their easy availability.

Over the past few years, automotive decorative exterior trim market has traversed along a rather profitable growth path, driven by the massively increasing demand for luxury automobiles. The growing importance for vehicle aesthetics have led automakers to explore newer ways of fulfilling consumer demands with novel innovations and developments. Automotive firms have also been implementing new manufacturing technologies to improve the quality of automotive components, which has undeniably led to the generation of novel growth avenues for automotive decorative exterior trim industry players.

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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to determine not only what the consumer wants currently, but also what he/she might want in the coming years, since an outdated design can majorly depreciate a vehicle's market value.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, since they now have the luxury to choose from a variety of materials and styles to manufacture the exterior of the automobile. Consequently, customers are inclined towards adding more personality to their vehicle with decorative exterior trim like pinstripes, bumpers and protective add-ons.

Vehicle colors have been gaining widespread attention from the consumer pool, since it is the most eye-catching feature of cars. On these grounds, vehicle owners often look to add an extra touch of sophistication or sportiness to their vehicle with an attractive color. Of late, with consumers favoring pearlized paint trims that make the vehicle appear divergently colored as per the different angles of light, automotive decorative exterior trim market players seem to have obtained novel opportunities for improvising on product design and development.

The availability of software based solutions with optimized design strategies have apparently had quite an impact on the product portfolio of automotive decorative exterior trim market, pertaining to the high precision level of software assisted products. Taking into account the importance of software solutions for automotive exterior trim suppliers and manufacturers including 3M Automotive, 3M Company, ABC Group, Inc., ABC INOAC Exterior Systems, LLC, ADAC Automotive, Inc., Anchor Manufacturing Group, Inc. Magna International, and CIE Automotive, software developers like Siemens PLM are investing heavily to develop an innovative toolset of exterior and interior trim designs.

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Some Point from Table of Contents:
Chapter 4 Automotive Decorative Exterior Trim Market, By Application
4.1 Global automotive decorative exterior trim industry share by application, 2016 & 2024
4.2 Daylight opening
4.3 Around lamp
4.4 Door upper trim
4.5 Windows
4.6 Others

Chapter 5 Automotive Decorative Exterior Trim Market, By Vehicle
5.1 Global automotive decorative exterior trim industry share by vehicle, 2016 & 2024
5.2 PCV
5.3 LCV
5.4 HCV

Browse complete Table of Contents (ToC) of this research report @
https://www.decresearch.com/toc/detail/automotive-decorative-exterior-trim-market

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