What is Automotive Molding Market?
Automotive molding or car body molding is decorative and protective moldings on the car body. The term applies both to the detail and the material. and The Metal Injection Molding market is expected to witness high demand in the forecasted period due to the rapid growth experienced by this industry attributes to rising demand from end-use industries including automotive & aerospace, consumer goods, and medical devices.
Highlights from Automotive Molding Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Upmold (United States), Kaysun Corporation (United States), Plastikon Industries Inc. (United States), UPM (Finland), Plastics Plus Technology, Inc. (United States), D & M Plastics, LLC (United States), Parmatech Corporation (United States) and Parmaco Metal Injection Molding (Switzerland) |
Global automotive molding is a fragmented market due to the presence of various players. The players are focusing on investing more in launching products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Upmold (United States), Kaysun Corporation (United States), Plastikon Industries Inc. (United States), UPM (Finland), Plastics Plus Technology, Inc. (United States), D & M Plastics, LLC (United States), Parmatech Corporation (United States) and Parmaco Metal Injection Molding (Switzerland) are some of the key players profiled in the study. Automotive Molding Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Passenger Car and Commercial Vehicle |
Type | Side Body Molding, Lower Body Molding, Door Molding and Others |
On the basis of geography, the market of Automotive Molding has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Automotive Molding Market Dynamics:
Attributes | Details |
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Growth Drivers | - The Increasing Vehicle Production in Developing Countries
- Increased the Demand for Advanced Automobiles, Production at Faster Rates, rapid Industrialization, and Modernization of Industrial Machinery
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Influencing Trends | - Technological Advancements Associated with Automotive Molding
- Fastest Growing Automotive Industry Trends
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Restraints | - High Initial Cost Associated with the Automotive Molding
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Road Blocks / Challenges | - Limitations for the Large Part Size
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Gaps & Opportunities | - Increasing Demand for the Plastic Components in Traditional and Electric Vehicles
- Rising Demand for Lightweight, more Fuel-Efficient Vehicles
- Increasing Trend toward Reducing Vehicle Weight and the Associated Decrease in Emissions
|
Key Target Audience
Automotive Molding Manufacturers, Automotive Molding Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
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