Global automotive decorative exterior trim market has received a commendable up to 2024. 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.
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.
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The global automotive decorative exterior trim industry 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.
Most of the big shots in automotive decorative exterior trim market have been developing new automotive solutions in order to improve the design of exterior trim. Many companies have even implemented an advanced CAD environment to deliver high quality trim components and meet high end customer demands. Currently, most of the automakers are focusing on enhancing the performance of the vehicles mainly by reducing the weight. The growing popularity of sports cars as well as the shifting trends toward adoption of EVs are the major factors favoring the production of light weight vehicles.
Speaking of which, another one of the renowned companies in automotive decorative exterior trim market, ABC Group Inc., in 2014, had invested USD 25.5 million in new equipment and infrastructure developments to capture more business space. In fact, it had expanded its Gallatin based production facility in order to fulfill the increasing demand for automotive products. This strategic business expansion had mainly benefited GM’s vehicle manufacturing plants for Cadillac and GMC, providing a boost to the U.S. automotive decorative exterior trim industry.
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.
The deployment of enterprise software is likely to help automotive companies identify the areas where they can make efficient changes in production processes. In fact, the penetration of automation in automotive decorative exterior trim market has indeed had a significant impact on product costs. The changing trends in the automotive sector are certain to augment the revenue graph of automotive decorative exterior trim industry, forecast to surpass a revenue collection of USD 27 billion by the end of 2024.
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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
Chapter 5 Automotive Decorative Exterior Trim Market, By Vehicle
5.1 Global market share by vehicle, 2016 & 2024
Chapter 6 Automotive Decorative Exterior Trim Market, By Distribution Channel
6.1 Global market share by distribution channel, 2016 & 2024
Charts & Figures
FIG. 1 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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