According to the report by Expert Market Research (EMR), the Global Automotive Trim Market Size is projected to grow at a CAGR of 8.3% between 2023 and 2028. Aided by the growing demand for advanced and comfortable vehicles and the expanding applications of automotive trim in various types of vehicles, the market is expected to grow significantly by 2028.
Automotive trim refers to the components that are used to enhance the aesthetics and comfort of a vehicle’s interior and exterior. These components include, but are not limited to, seat covers, door handles, roof racks, and mouldings. Apart from providing aesthetic appeal, these trims also play a critical role in the overall safety and comfort of the vehicle. With advancements in technology, automotive trim has evolved to incorporate smart features such as temperature regulation and electronic adjustment.
The escalating consumer demand for advanced and comfortable vehicles is a significant driver for the global automotive trim market growth. As income levels rise, there has been a shift towards high-end vehicles that incorporate luxurious and technologically advanced trims. The demand for these premium trims, featuring high-quality materials and advanced features, has been on a steady uptick, thus propelling the market growth.
The role of automotive trim in enhancing vehicle safety has also contributed to its growing popularity. Certain trim components, such as side mouldings and bumpers, offer added protection to the vehicle and its occupants. This emphasis on safety features in vehicles is further driving the demand for automotive trim.
The increasing application of automotive trim across various vehicle types is another factor contributing to the automotive trim market expansion. Whether it’s passenger cars, commercial vehicles, or electric vehicles, the use of automotive trim has become integral to vehicle manufacturing. The ongoing global shift towards electric vehicles (EVs), in particular, has provided a fresh impetus to the automotive trim market, with manufacturers keen on providing an enriched in-car experience to differentiate their offerings.
Further, the advent of innovative materials in trim manufacturing, such as bio-based plastics and recycled materials, is creating additional opportunities for the market growth. This trend aligns with the broader shift towards sustainability in the automotive industry, further contributing to the automotive trim market development.
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Automotive Trim Market Segmentation
The market can be divided based on material type, interior application, exterior application, vehicle type, end use, and region.
Market Breakup by Material Type
• Acrylonitrile Butadiene Styrene (ABS)
• Polypropylene (PP)
• Polyoxymethylene (POM)
• Thermoplastic Elastomer (TPE)
• Others
Market Breakup by Interior Application
• Dashboard
• Door Panel
• Others
Market Breakup by Exterior Application
• Bumpers
• Window and Door Seals
• Others
Market Breakup by Vehicle Type
• ICE Passenger Vehicle
• ICE Commercial Vehicle
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)
• Plug-In Hybrid Electric Vehicle (PHEV)
Market Breakup by End Use
• Original Equipment Manufacturers (OEMs)
• Aftermarket
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global automotive trim companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• DRÄXLMAIER Group
• Siemens Aktiengesellschaft
• KASAI KOGYO CO. LTD.
• DURA Automotive Systems
• CIE Automotive
• UFP Technologies, Inc.
• Others
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