Automotive Decorative Exterior Trim Market Report

Market Insights

Automotive Decorative Exterior Trim Market is likely to witness a CAGR of 3.0% during the forecast period. Increasing automobile production along with shifting consumer preference towards improving the aesthetics of vehicles, growing demand for high-end luxury vehicles, rising vehicle sales, and rapid growth in the automotive aftermarket are some of the major factors accelerating the market growth during the forecast period.

Segments' Analysis

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Automotive Decorative Exterior Trim Market Share: By Application Type

Based on the application type, the market is segmented as daylight opening, around lamp, door upper trim, windows, and others. Around lamp is projected to account for the major share of the market. Ongoing enhancements in vehicle aesthetics coupled with excellent fit and finish of the product is positively influencing the market during the forecast period.

Automotive Decorative Exterior Trim Market Share: By Vehicle Type

Based on the vehicle type, the market is segmented as PCV, LCV, and HCV. PCV is estimated to witness significant growth rate in the market on account of its substantial production across the globe during the forecast period. In addition, LCV is estimated to account for a significant share of the market, attributed to high product usage in windows and doors, fueling the overall industry growth during the forecast period.

Automotive Decorative Exterior Trim Market Share: By Distribution Channel Type

Based on the distribution channel type, the market is segmented as OEM and aftermarket. Aftermarket is estimated to witness significant growth rate in the market on account of the increasing number of accidents and lower product cost across the world. These trims are susceptible to damage from inclement weather conditions and accidents, snowballing the requirement for replacement, fueling the segment’s growth during the forecast period.

Automotive Decorative Exterior Trim Market Share: By Region

In terms of regions, Asia-Pacific is estimated to hold the major share of the market with India, China, and Indonesia being the major countries with lucrative growth opportunities owing to substantial vehicle production in the region during the forecast period. On the other hand, Europe is estimated to witness significant growth rate in the market with Italy, Spain, and Poland being the growth engines of the region, boosting the overall market growth over the forecast period.

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Market Scope & Segmentation

Automotive decorative exterior trim is basically used to protect the vehicle from any unwanted damage that can be caused by the surroundings of the automobile and increase the aesthetic appeal of the vehicle by adding some objects or items to the exterior of an automobile, such as door handle trim, logo, bumper cover, and stickers.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The automotive decorative exterior trim market is segmented into the following categories.

Automotive Decorative Exterior Trim Market Size, Share, & Forecast, by Application Type:

• Daylight Opening (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Around Lamp (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Door Upper Trim (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Windows (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Decorative Exterior Trim Market Size, Share, & Forecast, by Vehicle Type:

• PCV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• LCV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• HCV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Decorative Exterior Trim Market Size, Share, & Forecast, by Distribution Channel Type:

• OEM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Automotive Decorative Exterior Trim Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the key players in the automotive decorative exterior trim market are-

• Altuglas International SA
• Autoneum Management AG
• CIE Automotive SA.
• Dura Automotive Systems
• IAC Group, LLC
• Magna International, Inc.
• National Plastic Technologies Ltd.
• SRG Global, Inc.
• Takata Corporation
• TK Holdings, Inc

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the vehicle types by distribution channel type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.