The Exterior Trim for Automotive Market to Grow Extensively Owing to the Shifting Consumer Preferences coupled with Numerous Innovations


Posted March 1, 2019 by dmTMR1

Exterior trims are exterior parts of the vehicle that are made of different conventional materials such as plastic, fiber, metal etc. Exterior trims are a primary & integral part of the vehicle, as they protect the vehicle from unwanted damage.

 
Transparency Market Research in its new report titled, “Exterior Trim for Automotive Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the exterior trim for automotive market. The TMR report anticipates that the shifting consumer preferences coupled with numerous innovations and developments in industry will drive the exterior trim for automotive market during the forecast period i.e, 2018-2026. Increase in demand for exterior trim for automotive is witnessed due to their extensive usage in vehicles, in order protect the vehicles from dents and any other damage. This is a key factor that is expected to drive the exterior trim for automotive market during the forecast period, says the report.

The TMR report also states that plastics and fiber are lightweight components that significantly reduce the weight of the vehicle, thereby improving vehicle efficiency. This is anticipated to provide significant growth opportunities for the exterior trim for automotive market. Advancements in technology and development of design and material in order to reduce the cost, thereby making the vehicle more efficient, are also projected to boost the exterior trim for automotive market during the forecast period, as per the report. Exterior trims offer several benefits such as reliability, protection of vehicles from major damage, and availability in any region. Rising competition among auto manufacturers owing to consumer awareness and to provide cost effective, reliable, and improved product is likely to provide lucrative opportunities to the exterior trim for automotive market.

For more information visit here: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=43784

The TMR report has segmented the exterior trim for automotive market can be segmented based on type, vehicle type, sales channel, and region. In terms of type, the exterior trim for automotive market is segregated into plastic, metal, and others. The plastic segment accounts for a major share of the market, as compared to the others. The segment is expected to expand at a significant growth rate during the forecast period owing to its light weight, cost-effectiveness, and ease of availability. Based on vehicle type, the exterior trim for automotive market is divided into passenger vehicles and commercial vehicles. The passenger vehicles segment held a prominent share of the market owing to the higher rate of adoption and increasing consumer demand especially from high-end luxury vehicles, SUVs, and others. This is expected to propel the exterior trim for automotive market during the forecast period.

In terms of sales channel, the exterior trim for automotive market is classified into original equipment manufacturers (OEMs) and aftermarket. The aftermarket segment holds a major share of the market, as compared to the OEMs segment. This is due to the increase in accident ratio and maintenance of the vehicle, leading to regular replacement of the components. From a regional perspective, the exterior trim for automotive market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, Latin America, and Rest of the World. Among regions, Asia Pacific accounts for a major share of the global exterior trim for automotive market, due to the high rate of adoption and infrastructural developments, especially in China, India, Japan, and Korea. The exterior trim for automotive market in Europe, especially in Germany, France, Italy, and the U.K., is also expected to expand due to rapid expansion in industrialization and technological advancements in the automotive production sector in these countries.

Prominent companies operating in the global exterior trim for automotive market include TOYODA GOSEI Co., Ltd., Hutchinson, CIE Automotive, DURA Automotive Systems, Magna International Inc., Midland Vehicle Components, Takata Corporation., SRG Global, and Arkema Group.

About Us

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

Website: https://www.transparencymarketresearch.com
Email: [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Transparency Market Research
Phone 5186181030
Business Address State Tower, 90 State Street, Suite 700
Albany NY - 12207, United States
Country United States
Categories Business , Research
Tags exterior trim for automotive
Last Updated March 1, 2019