Press release
Automotive Trim Market Emerging Technological Growth, Future Growth and Business Opportunities 2030
The global automotive trims market was valued at $25.68 billion in 2019, and is projected to reach $43.35 billion by 2027, registering a CAGR of 6.9%. Asia-Pacific was the highest revenue contributor, accounting for $7.53 billion in 2019, and is estimated to reach $13.21 billion by 2027, with a CAGR of 7.4%. Asia-Pacific and Europe collectively accounted for around 53.5% share in 2019, with the former constituting around 29.4% share.Download Report (210 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/6661
Key Market Players
DRAXLMAIER Group
DURA AUTOMOTIVE SYSTEMS
Gemini Group, Inc.
GRONBACH
Grupo Antolin
IAC Group (International Automotive Components)
KASAI KOGYO CO., LTD
STS Group AG
TOYOTA BOSHOKU CORPORATION
Trinseo
TS TECH CO.,LTD.
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Key Market Segments
By Material Type
Acrylonitrile Butadiene Styrene (ABS)
Polypropylene (PP)
Polyoxymethylene (POM)
Thermoplastic Elastomer (TPE)
Others
BY INTERIOR APPLICATIONS
Dashboard
Door Panel
Others
BY EXTERIOR APPLICATIONS
Bumpers
Door & Window Seals
Others
BY VEHICLE TYPE
ICE Passenger Vehicle
ICE Commercial Vehicle
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Plug-in Hybrid Electric Vehicle (PHEV)
By End Use
Original Equipment Manufacturers (OEMs)
Aftermarket
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Numerous components installed in a vehicle are costlier and hence their continuous replacement is not feasible. Thus, vehicle manufacturers are installing stronger and durable components in vehicles, which can survive in all temperatures and conditions and are also cost effective. Further, the high cost associated with the replacement of components leads to increase in cost of vehicles, which is expected to hamper the growth of the market. The prospect of providing premium features in vehicles incurs additional expenses to consumers in the form of hardware, applications, and other components, which eventually limits the market growth. Moreover, the serviceability of such vehicles is difficult, and requires skilled workers due to several components and sensors. Complex structure of systems reduce the service life of vehicles. Thus, high replacement cost is expected to have a negative impact on the growth of the global automotive trim market.
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Key Benefits For Stakeholders
This study presents the analytical depiction of the global automotive trim market analysis along with the current trends and future estimations to depict imminent investment pockets.
The overall opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to the key drivers, restraints, and opportunities of the global automotive trim market with a detailed impact analysis.
The current automotive trim market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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About Allied Market Research
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