Automotive Decorative Exterior Trim Market Scope
The automotive decorative exterior trim is used to increase the esthetic appeal of the vehicle by adding object or item such as bumper cover, stickers, door handle trim, logo, and others to the exterior of an automobile. This prevents the vehicle from external damage such as scratches, and others. Market leaders are focusing on development in the material used in the production of the exterior trim for the automobile. Further, increasing sales of automobile in emerging economies and the growing popularity of external modification in vehicles expected to drive the automotive decorative exterior trim market over the forecasted period.
According to AMA, the Global Automotive Decorative Exterior Trim market is expected to see growth rate of 3.2% Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Automotive Decorative Exterior Trim market throughout the predicted period.
CIE Automotive (Spain), Autoneum (Switzerland), Dura Automotive Systems (United States), IAC Group (Luxembourg), SRG Global, Inc. (United States), Trinseo (United States), Takata Corporation (Japan), National Plastic Technologies Ltd. (India), Tajco Group A/S (Denmark), TK Holdings, Inc. (United States), Toyota Boshoku Corporation (Japan), TS Tech Co., Ltd. (Japan), 3M Automotive (United States), Agape Plastics (United States), Grand Traverse Plastics Corp., Ningbo Huaxiang (China) and Cascade Engineering (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Douglas Corporation (United States), DRS Industries (United States), Flex N Gate (United States), Lacks Enterprises, Inc. (United States), Anchor Manufacturing Group (United States) and American Nickeloid Company (United States).
Segmentation Overview
The study have segmented the market of Global Automotive Decorative Exterior Trim market , by Application (Windows, Door Upper Trim, Around Lamp and Others) and Region with country level break-up.
On the basis of geography, the market of Automotive Decorative Exterior Trim has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Application of Exterior Trim in Commercial Vehicles and Emphasizing On Development of High in Quality Material to Protect Vehicle from Damage
Market Growth Drivers:
Increasing Demand for Luxury and High-Performance Vehicles and Technological Advancement in Manufacturing Process
Challenges:
Low External Modification Rate of Automobile in Developing Countries
Restraints:
High Maintenance Cost Associated With Automotive Decorative Exterior Trim and Lack Of After Market Services for Automotive Decorative Exterior Trim
Opportunities:
Rising Demand For Automotive From Emerging Economies and Growing Demand for Customization of the Vehicle for Enhancing the Aesthetics of Vehicles
Market Leaders and their Expansionary Development Strategies
In January 2023, Autoneum acquired the automotive division of the Borgers Group and expanded the company's sustainable and lightweight acoustic and thermal management solutions for vehicles. The transaction was initially financed through a new credit facility available in addition to a syndicated loan of CHF 350 million.
In January 2023, Toyota Boshoku Corporation developed products such as seats and interiors to be used in the all-new Prius, and the newly developed sporty style seat with improved ride comfort performance was used in the all-new Prius as an additional option beyond the entry. - Horizontal seat with a tapered shoulder section in a simple style.
Key Target Audience
Automotive Decorative Exterior Trim Manufacturers, Automotive Decorative Exterior Trim Traders, Distributors, Automotive Decorative Exterior Trim Providers, Associations, and Industry Bodies, Research and Development Organizations, Government Authorities and Agencies Related Automotive Decorative Exterior Trim, Market Research and Consulting Firms, Potential Investors and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.