Automotive decorative exterior trim market from the light commercial vehicles segment is likely to garner a CAGR of over 3.5 per cent through 2024. This growth can be attributed to the increasing product usage across the global masses. Furthermore, the inclining focus of manufacturers towards the use of plastic in production of the trims for these vehicles would bolster the product penetration. The use of wide variety of plastics to reduce the overall weight of the vehicle would further drive the product demand.

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Considering the distribution channels, the OEM channels are expected to leverage huge profits for the global automotive decorative exterior trim industry in the upcoming years. Apparently, they would account to over 70 per cent of the revenue share of the overall market. This can be aptly credited to the adoption of collaborative processes and umpteen innovative techniques associated with the product designing and production.

Speaking in terms of the geographical landscape, Asia Pacific is portrayed to stand tall in the regional hierarchy of automotive decorative exterior trim industry. It is prudent to mention that the region is likely to be valued at over USD 11 billion by 2024. This significant growth is attributable to the progressive automobile production across the region which has seen China and India substantially contributing to the revenue generation.

Over the past few years, automotive decorative exterior trim market has traversed along a rather profitable growth path, driven by the massively increasing demand for luxury automobiles. The growing importance for vehicle aesthetics have led automakers to explore newer ways of fulfilling consumer demands with novel innovations and developments. Automotive firms have also been implementing new manufacturing technologies to improve the quality of automotive components, which has undeniably led to the generation of novel growth avenues for automotive decorative exterior trim industry players.

 In recent times, there has been a robust increase in the deployment of strong yet lightweight materials such as carbon fiber, to manufacture automotive components. In addition, luxury vehicles also demand the installation of low weight raw material that is cost-effective and easily moldable, which would further generate lucrative opportunities for automotive decorative exterior trim market behemoths.

The availability of software based solutions with optimized design strategies have apparently had quite an impact on the product portfolio of automotive decorative exterior trim market, pertaining to the high precision level of software assisted products. Taking into account the importance of software solutions for automotive exterior trim suppliers and manufacturers including 3M Automotive, 3M Company, ABC Group, Inc., ABC INOAC Exterior Systems, LLC, ADAC Automotive, Inc., Anchor Manufacturing Group, Inc. Magna International, and CIE Automotive, software developers like Siemens PLM are investing heavily to develop an innovative toolset of exterior and interior trim designs.

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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

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