Automotive Decorative Exterior Trim Market Opportunities and Threats by 2024
Automotive decorative exterior trim market forecast report has predicted that Europe region would exhibit a CAGR of 3% through 2024 on account of growing demands for premium luxury cars across the developed European countries. Right from the color of the car to the appealing exterior aesthetics, everything about the automobile not only creates a distinct image, but also determines the vehicle present as well as the future value. One of the fundamental factors that has vividly fueled the industry expansion is the changing consumer preferences which has given a rise to the massive sales of luxury cars like BMW, Mercedes, and others.
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The last few years have seen the automotive sector emerge as one of the most revolutionizing business spaces of all times. The global automotive decorative exterior trim market has received a commendable boost accounting to the same. The expanding automobile sales can be aptly credited to the fact that automobiles have evolved from being a mere mode of transportation to being a status symbol.
Additionally, the inclusion of light weight plastic components to enhance the performance and efficiency of the vehicle is likely to stimulate the global automotive decorative exterior trim market expansion during 2017-2024. In line with this, the growing environment concerns would further complement the automotive decorative exterior trim industry size, enabling it to cross USD 27 billion by the end of 2024.
The worldwide automotive decorative exterior trim industry is also driven by the ongoing innovations in the industry that has prompted the manufacturers, like Takata, CIE Automotive, Dura Automotive Systems, and multiple others to cut money and time in the production of various components. These innovations would supposedly induce tremendous potential to the market over the next few years.
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.
Meanwhile, the market size from the passenger commercial vehicles is also expected to surpass nearly 430 kilo tons over 2017-2024 owing to the expediting PCV production globally.
The global automotive decorative exterior trim market is characterized by a vast application gamut of which the around lamp segment is anticipated to produce hefty proceeds over the stipulated timeframe. This growth is attributable to the high end use of the product on the grounds of enhancing the aesthetics and offering a superior fit to the auto part.
Considering the distribution channels, the OEM channels are expected to leverage huge profits for the global automotive decorative exterior trim market 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.
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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 Market segmentation
FIG. 2 Industry landscape, volume & revenue, 2013 - 2024
FIG. 3 Industry ecosystem 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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