The global automotive exterior trim market is anticipated to grow at a CAGR of 4.0% during the forecast period (2022-2028). Generally, the exterior trim of automotive includes the window/door seals, bumpers, wheel wells, trim, and headlights. Most of the trim is made up of plastic, although rubber and vinyl too are used for some parts. It not just reduce the overall weight of the vehicle, however, also makes it look stylish and provides further flexibility options. The market growth is majorly attributable to the rise in the demand for luxury and comfort in vehicles and rise in production of vehicles lead to the growth of the global automotive exterior trim market.
Further, the market growth is majorly attributed to the introduction of new technologies that aim to lighten the weight of the overall vehicle. This is further due to the growing concerns of automobile sector to lower the vehicle emissions. The Original Equipment Manufacturers (OEMs) are working to produce technologically innovative and lightweight car components that will meet the new emission criteria. Hence, Adient, one of the suppliers focused on providing and developing lightweight interior solutions. For instance, in January 2018, Adient unveiled lightweight solutions for seat structures at the North American International Auto Show (NAIAS). Such steps are likely to boost the growth of the global automotive exterior trim market during the forecast period.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Material
- By Vehicle Type
- Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape: Magna International, Inc., Faurecia, and Hutchinson Group, among others.
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Global Automotive Exterior Trim Market Report by Segment
By Material
- Plastic
- Metal
- Others
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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