Automotive Decorative Exterior Trim Market Overview and Forecast to 2024
Category: #business  By Ronak Bora  Date: 2021-08-09
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Automotive Decorative Exterior Trim Market Overview and Forecast to 2024

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. With shifting consumer preferences, there has been a massive rise in the sales of luxury cars, which has emerged as one of pivotal driving forces of automotive decorative exterior trim industry size.

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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to determine not only what the consumer wants currently, but also what he/she might want in the coming years, since an outdated design can majorly depreciate a vehicle’s market value.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.

Chrome trimmings are also being popularized in automotive decorative exterior trim market, since the distinct shine of chrome can add a lot of class to a vehicle. Chrome trimming can be easily installed and is compatible with all types of vehicles. Further on, plastic bumpers are also a popular decorative exterior trim, however, since the plain black plastic bumpers often have a less than sophisticated look, consumers are increasingly inclining on adding chrome finish to plastic bumpers.

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

The competitive landscape of automotive decorative exterior trim industry 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, with a target estimation of exceeding 500 kilo tons in terms of volume, by 2024.

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Partial Chapter of the Table of Content

Chapter 4   Automotive Decorative Exterior Trim Market, By Application

4.1    Global market 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 market share by vehicle, 2016 & 2024

5.2    PCV

5.3    LCV

5.4    HCV

Chapter 6   Automotive Decorative Exterior Trim Market, By Distribution Channel

6.1    Global market share by distribution channel, 2016 & 2024

6.2    OEM

6.3    Aftermarket

Charts & Figures

FIG. 1    Automotive decorative exterior trim market segmentation

FIG. 2    Industry landscape, volume & revenue, 2013 - 2024

FIG. 3    Industry ecosytem analysis

FIG. 4    Basis of competition

FIG. 5    Cost breakdown of automotive body parts, 2016

FIG. 6    Passenger car production in million units, 2012-2016

FIG. 7    Passenger car sales in units, 2012-2016

FIG. 8    Global automotive production, 2012-2016 (Million Units)

FIG. 9    Growth potential analysis

FIG. 10    Porter’s analysis

FIG. 11    Company market share

FIG. 12    PESTEL analysis

FIG. 13    Market volume share by application, 2016 & 2024

FIG. 14    Market volume share by vehicle, 2016 & 2024

FIG. 15    Market volume share by distribution channel, 2016 & 2024

FIG. 16    Market share by region, 2016 & 2024

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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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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