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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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 Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global automotive trim market attained a value of nearly USD 34.93 billion in 2023.
The market is projected to grow at a CAGR of 8.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 71.58 billion by 2032.
The rising production of passenger vehicles and growing demand for customised automobiles are fuelling the demand for automotive trims and driving the growth of the market.
The key trends of the market include the growing demand for luxury vehicles, increasing adoption of lightweight automotive materials, and advancements in automotive technology.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various material types of automotive trim in the market are acrylonitrile butadiene styrene (ABS), polypropylene (PP), polyoxymethylene (POM), and thermoplastic elastomer (TPE), among others.
The significant interior applications of automotive trim are dashboard and door panel, among others.
The leading exterior applications of automotive trim are bumpers, and window and door seals, among others.
The major vehicle types of automotive trim are ICE passenger vehicle, ICE commercial vehicle, battery electric vehicle (BEV), hybrid electric vehicle (HEV), and plug-in hybrid electric vehicle (PHEV).
The significant end uses of automotive trim are original equipment manufacturers (OEMs) and aftermarket.
The key players in the global automotive trim market are DRÄXLMAIER Group, Siemens Aktiengellschaft, KASAI KOGYO CO. LTD., DURA Automotive Systems, CIE Automotive, and UFP Technologies, Inc., among others.
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