Rising Demand for Luxury & High-performance Vehicles to Drive the Automotive Decorative Exterior Trim Market

Transparency Market Research in its new report titled, “Automotive Decorative Exterior Trim Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the automotive decorative exterior trim market. The TMR report anticipates that the rise in demand for luxury and high-performance vehicles will drive the automotive decorative exterior trim market during the forecast period i.e, 2018-2026. Technological enhancements in the automobile sector allows manufacturers to carry out research and development and create advanced, safe, and better exterior trims for the vehicle. Volatility in the price of the product depends on the precision and material used for manufacturing the trim. Labor cost is a key factor that is expected to restraint the automotive decorative exterior trim market during the forecast period, says the report.

 

The TMR report has segmented the global automotive decorative exterior trim market based on application, material, vehicle type, sales channel, and region. In terms of application, the automotive decorative exterior trim market is bifurcated into windows, door upper trim, around lamp, and others. Based on material, the automotive decorative exterior trim market can be bifurcated into carbon fiber, aluminum alloy, steel and others. On the basis of vehicle type, the automotive decorative exterior trim market is split into passenger vehicle and commercial vehicle. The passenger vehicle segment is expected to expand during the forecast period due to the rising demand for passenger vehicles across the globe. Based on sales channel, the market can be classified into OEM and aftermarket. In automotive decorative exterior trim market, manufacturers are anticipated to produce light and durable products or trims for long-lasting performance. This is a major factor that is anticipated to drive the automotive decorative exterior trim market in the near future.

 

For more information visit here: Automotive Decorative Exterior Trim

 

On a geographical perspective, the global automotive decorative exterior trim market is segregated into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Among these, Asia Pacific is expected to witness high demand for automotive decorative exterior trims during the forecast period, owing to increasing per capita income of the general population in the region. Europe holds a major share of the global automotive decorative exterior trim market, owing to the presence of major OEM players in the region. Europe, North America, and Asia Pacific are expected to account for more than half the share of the global automotive decorative exterior trim market during the forecast period due to the presence of major OEMs in these regions. Some of the major players operating in the global automotive decorative exterior trim market are profiled in this report and these include Altuglas International, CIE Automotive, Autoneum, DURA AUTOMOTIVE SYSTEMS, IAC Group, SRG Global, Inc, Trinseo, Takata Corporation, National Plastic Technologies Ltd., Tajco, TK Holdings, Inc., Toyota Boshoku Corporation, TS Tech Co., Ltd., 3M, Agape Plastics, Grand Traverse Plastics Corp., Ningbo Huaxiang, Cascade Engineering, Douglas Corporation, DRS Industries, Flex N Gate, Lacks Enterprises, Inc., Anchor Manufacturing Group, and American Nickeloid Company.

 

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

 

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