Global Automotive Trim Market Report and Forecast 2024-2032

Global Automotive Trim Market Outlook

The global automotive trim market attained a value about USD 34.93 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 8.3% to reach nearly USD 71.58 billion by 2032.

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Rising Demand for Passenger Vehicles Augmenting the Market Growth of Automotive Trim

The increasing global sales of luxury automobiles such as sedans and convertibles are increasing the demand for innovative automotive trims, which has propelled the market growth.  The rising demand for passenger cars due to rapid population growth and growing disposable incomes in developing nations has escalated the demand for exterior and interior trim parts. As consumers are preferring cars with enhanced comfortability and safety, the deployment of interior trim solutions is surging, which has invigorated the growth of the market.

In addition, since manufacturers are increasingly developing consumer-centric products by customising the exterior and interior trim parts as per customer request, the deployment of automotive trim is increasing, thereby catalysing the market growth. The increasing focus on developing innovative products while expanding their product offerings is leading to a surge in collaborations and research activities, hence escalating the availability of advanced automotive trims. The companies are also adopting the latest technological advancements and innovations, which is projected to bolster the growth of the automotive trim industry in upcoming years.

Automotive Trim: Market Segmentation

Automotive trims are the plastic components in the automotive that enhance the appearance and features of vehicles. They are deployed to depict the special features of automobiles. Various components such as dashboards and rear and front bumpers, among others, are installed in automobiles to enhance the functionality and aesthetics of automobiles.

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The major material types of automotive trim are:

• Acrylonitrile Butadiene Styrene (ABS)
• Polypropylene (PP)
• Polyoxymethylene (POM)
• Thermoplastic Elastomer (TPE)
• Others

The market, based on interior applications, can be broadly classified into:

• Dashboard
• Door Panel
• Others

Based on exterior applications, the market is divided into:

• Bumpers
• Window and Door seals
• Others

By vehicle types, the industry is categorised into:

• ICE Passenger Vehicle
• ICE Commercial Vehicle
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)
• Plug-In Hybrid Electric Vehicle (PHEV)

On the basis of end uses, the market is bifurcated into:

• Original Equipment Manufacturers (OEMs)
• Aftermarket

The EMR report looks into the regional markets of automotive trim like North America, Europe, the Asia pacific, Latin America, and the Middle East and Africa.

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Rise in Production and Demand for Comfort and Luxury Vehicles to Bolster the Global Market for Automotive Trim

The robust growth of the automotive sector in countries like the United States, China, Japan, India, the United Kingdom, and Germany, among others, is invigorating the market growth. Companies are increasing their manufacturing facilities in developing nations due to the growing market for automotive components and automobiles, which, in turn, is expected to bolster the growth of the market. Moreover, the rising demand for comfort and luxury cars is increasing the deployment of automotive trims to enable high-quality assembly of vehicular components, which is expected to provide impetus to the market growth.

As the sales of luxury cars are anticipated to rise due to advancements in automotive technology and growth in the economy of developing nations, the market is expected to witness robust growth. Furthermore, the growing demand for automotive trims to reduce vibration, noise, and rough performance of vehicles to enhance the comfort and durability of vehicles is estimated to fuel the market growth. In addition, the rising adoption of automotive lightweight materials is expected to significantly contribute to the market growth in the forecast period.

Key Industry Players in the Global Automotive Trim Market

The report presents a detailed analysis of the following key players in the global automotive trim market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• DRÄXLMAIER Group 
• Siemens Aktiengesellschaft
• KASAI KOGYO CO. LTD.
• DURA Automotive Systems
• CIE Automotive
• UFP Technologies, Inc.
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report

Automotive Trim Market Report Snapshots

Automotive Trim Market Size

Automotive Trim Market Growth

Automotive Trim Companies