Automotive Trims Market worth $43.35 Billion by 2027: Allied Market Research

Allied Market Research
·5 min read

Rise in demand for luxury & comfort in vehicles and increase in production of vehicles drive the growth of the global automotive trims market. Asia-Pacific contributed the highest share in 2019, and will maintain its dominance throughout the forecast period. The supply chain and value chain in electronic and automobile industry has been impacted negatively during the global lockdown.

Portland, OR, Oct. 20, 2020 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global automotive trims market generated $25.68 billion in 2019, and is estimated to reach $43.35 billion by 2027, registering a CAGR of 6.9% from 2020 to 2027. The report offers an extensive analysis of changing market trends, pricing analysis, business performance, market player positioning, and competitive landscape.

Rise in demand for luxury & comfort in vehicles and increase in production of vehicles drive the growth of the global automotive trims market. However, high replacement cost, growth in trade war, and increase in automotive import tariffs hinder the market growth. On the other hand, rise in demand for lightweight components and untapped developing markets create new opportunities in the coming years.

Download Report Sample at https://www.alliedmarketresearch.com/request-sample/6661

COVID-19 Scenario:

  • The manufacturing of automobile accessories has been paused. In addition, the import and export activities of automotive trims have been stopped due to global lockdown.

  • Moreover, the supply chain and value chain in the automobile industry has been impacted negatively during the global lockdown.

The report offers a detailed segmentation of the global automotive trims market based on material type, interior applications, exterior applications, vehicle type, end use, and region.

Get detailed COVID-19 impact analysis on the Automotive Trim Market Request Here!

Based on material type, the polypropylene segment contributed to the largest share in 2019, accounting for nearly one-fourth of the total share, and is estimated to maintain its dominant position during the forecast period. However, the acrylonitrile butadiene styrene segment is expected to register the highest CAGR of 7.7% from 2020 to 2027.

Based on interior applications, the dashboards segment accounted for the largest share in 2019, holding more than two-fifths of the total share, and is expected to maintain the largest share throughout the forecast period. However, the door panels segment is estimated to portray the highest CAGR of 7.5% during the forecast period.

Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/6661

Based on region, Asia-Pacific contributed the highest share, accounting for nearly one-third of the total market share in 2019, and will maintain its dominance throughout the forecast period. However, Europe is expected to grow at the highest CAGR of 7.8% from 2020 to 2027.

Leading market players analyzed in the research include Draexlmaier Group, Dura Automotive Systems Inc., Gemini Group, Inc., GRONBACH, Grupo Antolin, Intenational Automotive Components, Kasai Kogyo Co., Ltd., STS Group, Toyata Boshoku Corp., Trinseo, and TS Tech Co. Ltd.

Schedule a Free Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/6661


Similar Reports We Have on Automotive & Transportation Industry:

Automotive Interiors Market by Vehicle (Passenger, LCV, HCV) and Component (Infotainment, Instrument cluster, Telematics, Flooring, Door Panel, Automotive Seat, Interior Lighting) - Global Opportunity Analysis and Industry Forecast, 2015 – 2022.

Automotive Door Panel Market by Mode of Operation (Front-hinged Door, Rear-hinged Door, Scissor Door, Gullwing Door, and Sliding door), Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), and Heavy Commercial Vehicle (HCV)), and Distribution Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2018–2025.

Car Door Latch Market by Lock Type (Electronic, and Non-Electronic), Application (Side Door Latch, Hood Latch, Tail Gate Latch, and Back Seat Latch), Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles), and Sales Channel (Original Equipment Manufacturer (OEM), and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020–2027.

Automotive Door Trims Market by Application (Dashboard, Seats, Airbags & Seat Belts, Door Panel & Trims and Carpet & Headliners), Product (Leather, Composite, Plastic, Metals and Fabric) and Vehicle Type (Passenger Vehicle, Light Commercial Vehicle and Heavy Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2021–2027.


About Allied Market Research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

CONTACT: Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 help@alliedmarketresearch.com Web: www.alliedmarketresearch.com Allied Market Research Blog: https://blog.alliedmarketresearch.com