Automotive Exterior Decorative Parts Market Trends and Market Analysis forecasted for period 2024-2031

The "Automotive Exterior Decorative Parts Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Automotive Exterior Decorative Parts market is expected to grow annually by 6.5% (CAGR 2024 - 2031).

This entire report is of 183 pages.

Automotive Exterior Decorative Parts Introduction and its Market Analysis

The global Automotive Exterior Decorative Parts market is experiencing steady growth due to increasing demand for customization and aesthetic enhancement of vehicles. Major players such as Magna International, Toyota Boshoku, and Plastic Omnium are dominating the market with innovative products and strategic partnerships. The market is driven by factors like rising disposable income, growing automotive industry, and technological advancements. The report highlights key market trends, competitive landscape, and market opportunities for players in the Automotive Exterior Decorative Parts market. Recommendations include focusing on product innovation, expanding market reach, and leveraging partnerships to stay competitive in this lucrative market.

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The Automotive Exterior Decorative Parts market is witnessing steady growth, driven by the increasing demand for aesthetic enhancement of vehicles. Key segments like Hood Silencer, Bumper Core, Fender Liner, Mud Guard, and Others are gaining traction among both Passenger Cars and Commercial Vehicles. However, regulatory and legal factors specific to market conditions play a significant role in shaping the industry landscape. Manufacturers must comply with stringent safety regulations and emission standards, which can impact product design and production processes. Additionally, trade policies, tariffs, and intellectual property rights also influence market dynamics. As the Automotive Exterior Decorative Parts market continues to evolve, stakeholders need to stay informed about the ever-changing regulatory environment to ensure compliance and sustainable growth.

Top Featured Companies Dominating the Global Automotive Exterior Decorative Parts Market

The automotive exterior decorative parts market is highly competitive, with several key players dominating the industry. Some of the prominent companies operating in this market include Magna International (Canada), Toyota Boshoku (Japan), Plastic Omnium (France), Koito Manufacturing (Japan), Toyoda Gosei (Japan), Nihon Plast (Japan), DURA Automotive Systems (USA), SHIROKI (Japan), Dongfeng Electronic Technology Co., Ltd. (DETC) (China), FALTEC (Japan), and Aisin Sin'ei (Japan).

These companies specialize in manufacturing a wide range of exterior decorative parts such as bumpers, grilles, spoilers, and trim components for automotive vehicles. They cater to both OEMs (Original Equipment Manufacturers) as well as the aftermarket segment, providing customized solutions to meet the specific needs of their customers.

Magna International, one of the largest suppliers in the automotive industry, offers a wide range of exterior decorative parts to major automakers worldwide. Toyota Boshoku focuses on interior and exterior automotive components, including decorative parts. Plastic Omnium is a leading manufacturer of exterior body parts and modules for vehicles. Koito Manufacturing specializes in the production of automotive lighting systems and exterior components.

These companies leverage advanced technologies and innovative design capabilities to meet the growing demand for aesthetic and functional exterior decorative parts in the automotive sector. By offering high-quality products with superior craftsmanship, they contribute to the overall growth of the automotive exterior decorative parts market.

According to recent financial reports, Magna International reported sales revenue of approximately $40 billion, Toyota Boshoku reported sales revenue of over $10 billion, and Plastic Omnium reported sales revenue of around $8 billion. These figures highlight the significant market presence and revenue generation of these key players in the automotive exterior decorative parts industry.

• Magna International (Canada)
• Toyota Boshoku (Japan)
• Plastic Omnium (France)
• Koito Manufacturing (Japan)
• Toyoda Gosei (Japan)
• Nihon Plast (Japan)
• DURA Automotive Systems (USA)
• SHIROKI (Japan)
• Dongfeng Electronic Technology Co., Ltd. (DETC) (China)
• FALTEC (Japan)
• Aisin Sin'ei (Japan)

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Automotive Exterior Decorative Parts Market Analysis, by Type:

• Hood Silencer
• Bumper Core
• Fender Liner
• Mud Guard
• Others

Hood silencers, bumper cores, fender liners, mud guards, and other automotive exterior decorative parts play a significant role in enhancing the aesthetics and functionality of vehicles. Hood silencers help in reducing engine noise, bumper cores absorb impact during collisions, fender liners protect against debris and mud guards prevent dirt and rocks from damaging the bodywork. The demand for these parts is boosted as they not only improve the overall appearance of vehicles but also contribute to safety and durability. Consumers are increasingly looking for ways to customize and protect their cars, driving the growth of the automotive exterior decorative parts market.

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Automotive Exterior Decorative Parts Market Analysis, by Application:

• Passenger Cars
• Commercial Vehicles

Automotive Exterior Decorative Parts are used in passenger cars and commercial vehicles to enhance the aesthetics and overall appearance of the vehicle. These parts include body kits, spoilers, grilles, emblems, and trim pieces. They are often made of materials such as plastic, carbon fiber, or metal and are used to customize and personalize the vehicle.

The fastest growing application segment in terms of revenue for Automotive Exterior Decorative Parts is passenger cars. As consumers increasingly look for ways to differentiate their vehicles and express their individuality, the demand for exterior decorative parts for passenger cars continues to rise.

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Automotive Exterior Decorative Parts Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The Automotive Exterior Decorative Parts market is expected to experience significant growth in regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE, Korea). Among these, Asia-Pacific is projected to dominate the market with a market share of around 40%, followed by North America with a market share of approximately 25%. The market share is expected to vary in different regions based on factors such as economic growth, changing consumer preferences, and technological advancements.

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