Automotive trims are the plastic components mounted in the vehicle to offer a better look and features. Trims utilized in a vehicle describe the special features of the vehicle. Several components such as dashboards, front & rear bumpers, and similar others installed in a vehicle define different trims, which have a broader vehicle application.
MARKET SCOPE
The "Global Automotive trim Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the automotive trim market with detailed market segmentation by vehicle type, material type, interior application, exterior application, and geography. The report provides key statistics on the market status of the leading automotive trim market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on vehicle type, the global automotive trim market is segmented into passenger vehicle and commercial vehicle.
- On the basis of material type, the market is segmented into acryonitrile butadiene styrene, polypropylene polyoxymethylene, thermoplastic elastomer and others.
- Based on interior application, the global automotive trim market is segmented into dashboard, door panel and others.
- Based on exterior application, the global automotive trim market is segmented into bumpers, door and window seal, lighting, color tints, textures and others.
MARKET DYNAMICS
Drivers:
- Expansion in demand for luxury & comfort in vehicles is one of the major factors driving the automotive trim market's growth.
- The rise in vehicles' production is anticipated to boost the growth of the automotive trims market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive trim market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive trim market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE TRIM MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the automotive trim market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from automotive trim market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive trim in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive trim market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Draexlmaier Group
- DURA AUTOMOTIVE SYSTEMS.
- GRONBACH
- Grupo Antolin
- Kasai Kogyo Co., Ltd.
- Neaton Auto Products Manufacturing, Inc
- Novares
- TOYOTA BOSHOKU CORPORATION
- Trinseo
- TS TECH CO.,LTD