Automotive Exterior Trim Parts Market Synopsis

Automotive Exterior Trim Parts Market Size Was Valued at USD 23.31 Billion in 2023 and is Projected to Reach USD 37.43 Billion by 2032, Growing at a CAGR of 5.4% From 2024-2032.

Car exterior accessory components refer to a variety of accouterments and functional hard or soft trims featured on a vehicle surface. These are parts of a car that have interior and exterior functions and add to the looks of the car as well as to its smooth running.

• Some of the exterior trim parts include bumper, grilles, mirrors, handles, moldings, Fender flare, and spoilers among others. These components work hand in hand where each of them operates in establishing the look of the vehicle in addition to lecturing fundamental attributes such as safety and visibility, among others, strength.
• Fundamentally, automotive exterior trim parts are meant to accentuate the design of the vehicle but aligning with the design flair of the particular automobile brand. For example, bumpers not only perform the function of shielding the front and rear of a car against small impacts but also provide large consistently noticeable recognizable formational elements of the car’s design.
• Likewise, bars not only serve the purpose of a cosmetic enhancement for the vehicle, but also manage to aerodynamically help in the cooling of an engine. The side mirrors are very important mirrors through which the driver is able to view what is close to the vehicle also they help to enhance the sleek appearance of the car. Consequently these body parts as well enhance beautify the vehicle as play essential roles that are of significant importance to the safety of the vehicle and that of the users during driving.
• In addition, automotive exterior trim parts manufacturing is highly demanding having to pass through numerous quality, performance, and standardization tests. Identical to automobiles, materials applied in their construction depend on the role of a specific part and appearance abilities, indicating the utilization of plastics as well as composites in addition to aluminum and stainless steel.
• Furthermore, consumer electronics experienced development to high-tech modules like contact-less operability of car doors using the door handle and operation of other facilities in the car through the integrated sensors and better aerodynamics in cars by including spoilers as active parts of the vehicle, which also improves the fuel efficiency as well as stability of a car at high speeds. In other words, automotive exterior trim parts are functional parts of automobiles that are very much similar to body kits, they add the beauty to the automobile while serving various functions in today’s modern automobiles.

Automotive Exterior Trim Partss Market Trend Analysis

Integration of Lighting and Electronics

• The use of lighting devices and electronic components in trim part design is an important emerging factor in the automotive exterior trim parts market. This trend involves integrating light items and electronics components into the exterior parts such that it beautifies the structure and adds versatility.
• The best is the implementation of LED lightning in every trim part inclusive of headlights, tail lights, and DRL’s. LED technology is known for the following benefits: LED consumes less energy as compared with other bulbs; LEDs have a long life span; unlike other bulbs, LEDs can easily be shaped and designed to suit various stops. A significant aspect of their design offerings is in the usage of ambient lighting through Integration of LEDs into exterior trim parts to make stylish lighting signatures that, in addition to their functional lighting uses, help in the cars’ branding and style.
• Additionally, this integration is not only about lightning since other aspects of the car include sensors, cameras, connectivity solutions, etc. For instance, exterior trim parts such as side mirrors can now have cameras for ADAS or Blind Spot Detection technology. Some of the elements to be installed with doors include door handles as these can be fitted with sensors, for instance for keyless entry or access to vehicles.
• These ELV electronic components can be incorporated into exterior trim components and promote safety, comfort, and link-age for passengers and drivers. To begin with, electric and self-driving cars also create a would-be market for integrated electronics in automotive exterior trim parts as these cars apply a lot of sensors to navigate and function.
• In conclusion I would like to state that the integration tendency of lighting and electronics reflects the basic trends in the automotive industry development towards connectivity, electrification and extraordinariness. This trend not only enables automakers to target those clients with new designs and additional features but also retains the perspective of ongoing shifts in customers’ expectations as for safety, fuel consumption and convenience.
• Furture of advanced lighting system in automotive exterior trim parts and emergence of integrated electronics indicate toward the fact that advancement in the technology will bring a new change in the future of mobility.

Growing Popularity of SUVs and Crossovers

• The significant growth of vehicles such as SUVs & Crossovers can be seen as a major opportunity for this market. These are vehicle have received considerable boost within the global markets mainly because of their flexibility, capaciousness and perceived safety features. With the rising market trends such that consumers are preferring consumption of more SUVS and crossovers, comes the need of upgraded exterior enhancements for better looks and utilization. This provide a favorable market base for the automotive exterior trim parts such as different types of accessories and other related products that can suit the either one or many of these vehicle segments.
• As the vehicles grew taller, their exterior surfaces expanded, and fixtures for lighting and other trims became more adventurous and accommodating. On this consideration, both automakers and companies in the aftermarket indulge themselves in providing myriad of exterior accessories like roof rails, side steps, grille protectors and wheel arch garnishes among more.
• These accessories not only provide the aesthetic look but also provide added functionality to complement users’ lifestyle, increased the usage of suv and crossovers where most of the owners are using their vehicles in outdoor activities, family road trips, or on rough terrains.
• Furthermore, the availability of numerous SUV and crossover models of different sizes and in various designs and with varying prices is another factor that will open up more sales prospects for automotive exterior trim parts. From the small car-like type used for the daily struggle in the so-called megacities, the large off-road vehicle for off-road driving, buyers are eager to make their cars unique.
• Therefore, the automotive exterior trim parts market can seize this trend by providing as many products as possible to meet with different trends and needs for the SUV and cross-over users to create new demands and opportunities for the further development in this segment.

Automotive Exterior Trim Partss Market Segment Analysis:

Automotive Exterior Trim Partss Market is segmented on the basis of Product Type, Vehicle Type, and Sales Channel.

By Product Type, Front Bumpers segment is expected to dominate the market during the forecast period

• The product segmentation is also an important aspect of the automotive exterior trim parts market, where front bumpers can highlighted as the segment that can be considered as leading in terms of both consumption and importance. Front bumpers are safety components which are used to shield the front part of the car hence requiring strong metal to ensure it effectively protects the car.
• Front bumpers also play other important roles, which include giving the vehicle some of the aesthetic value since most of them will more often than not be seen on the outside of the car. For front bumpers, automobile manufacturers are usually inclined to give these a motif of the distinctive look of the car brand, and thus, are deemed very significant by the style artists. Besides, front bumpers are worn out very often due to the effects of road knocks and other aspects hence the constant demand for replacement and second hand part.
• One more segment that is in great demand when it comes to auto exterior trim parts is outside rear view mirror commonly referred to as ORVM. These ORVMs are much needed in ensuring that the driver has sight of other various traffics/obstacles around his vehicle. As vehicle technology evolves, so does the ORVM now includes add-on systems such as integrated turn signals, blind-spot detection, and more such as cameras for ADAS systems. This added functionality creates consumer pull for the ORVMs with integrated electronics in particular, which will continue to become increasingly important in the automotive exterior trim parts niche.
• Perhaps, the most important segment where car grills can be considered as dominant are automotive exterior trim parts that define the appearance and brand associations of the vehicle. Incorporating the role of aluminum grills in cooling the engine by providing the necessary airflow, radiator grills can be regarded as a critical part of the automobile primarily because of the contribution they make to the styling of the front-end portion of an automobile.
• For instance, many automobile manufacturers employ grille appearances to offer a unique appearance to new trims or models to make them stand from other models in the production line while creating appeal to the customers. Moreover, radiator grills are not only standard equipment on vehicles but also can be factory installed or retrofitted with other designs in many cases, given such trends in the automotive market as individualization of cars’ appearance. Front and rear bumper, outside rearview mirrors and radiator grills become the prominent category because of the essentiality of these applications, their contribution to the aesthetic appeal and achieving constant high demand for replacement and differentiation.

By vehicle types, SUV segment held the largest share in 2023

• The automotive exterior trim parts market by vehicle type is led by the SUV segment as stated in the following image. Auto consumers worldwide have developed a liking for SUVs (Sport Utility Vehicles) because of the flexibility, more space, and perceived safety benefits. This popularity directly translates into a demand for exterior trim parts, as the users of SUVs retain the desire and capability to customize and enhance both the form and function of their automobiles.
• The exterior trim elements of SUVs are usually relatively closely related to their increased surface, as well as to the specifics of their construction that allow for the installation of not only additional trim parts but also additional accessories. Manufacturers also provided an extensive list of exterior accessories for the enhancement of SUVs available from the automobile manufacturers or specific aftermarket specialists including roof rails, side steps, grille guards, and wheel arch moldings. They not only beautify these vessels but also serve functional purposes – as suitable as their owners’ life priorities are apt to recreational activities on or off-road.
• Furthermore, the SUV category is segmented into compact SUVs, Mid-size SUVs, and luxury SUVs which makes up the market in different era with the consumer preference. SUVs’ diverse nature in the market extends to this category as well, which is another reason why it holds such a large share of automotive exterior trim parts. The compact SUV is the vehicle that works perfectly for the urbanite or a small family engaging in frequent commuting and possibly occasional light cargo carrying as well The mid-size SUV is a car that caters for people in the fast lane who demand both comfort and flexibility in their cars for various uses.
• Luxury SUVs target the high-end class in the society and those who would wish to spend more to get all the useful and fashionable accessories, latest technologies and carefully designed carriages. Irrespective of the sub-category, SUVs invariably call for exterior trim parts for beautification as well as functional requirements and customer attraction.
• In addition, production of SUVs has become an enduring fad, which can hardly be countered; manufacturers are always adding more models of SUVs to their production line as the popularity of these vehicles steadily surges forward. This outward expansion of the automotive industry proves a constant stream of demand for SUV exterior trim parts, that further consolidates its market leadership status. Due to the development of its designs, technologies, and performances, the trends of the SUVs keep growing, and the need for exterior trim parts will accordingly keep increasing in the future and push the automotive aftermarket to grow more.

Automotive Exterior Trim Partss Market Regional Insights:

Europe is Expected to Dominate the Market Over the Forecast period

• North America is the leading consumer of automotive exterior trim parts for several reasons that are linked to its strong automotive sector and consumers’ demands for advanced technologies. Firstly, North America has a strong and advanced automotive market for manufacturing and suppliers but many new/upcoming OEMs in Automotive exterior trim part. Automotive industry in the region boasts of high manufacturing technology , quality human resource in production, and excellent logistic chain network all of which help in providing quality exterior trim parts for both export and local markets .
• Secondly, the North America has continued to lead the market for automotive exterior trim parts due to new technologies being implemented in the industry. The region is a highly innovative one, and inventions key in areas such as materials engineering, design technologies, and manufacturing processes. Automotive exterior trims can be manufactured with lightweight composites, aluminum alloys, high strength plastics etc to enhance its performance, strength to weight ratio, and fuel efficacy. Furthermore, the North American companies maintain a significant R & D spending to work with a competitive strategy, which involves an integration of sensors and lighting systems into exterior trim parts for added functionality and appearance.
• Besides, consumer preferences in the durable goods as automotive trim in North America are unique and specific, and this makes the market more vibrant along the automotive exterior trim parts. The automotive market on the region can be characterized by car customization and personalization; augmented with accessories and parts that provide increased visual and performance Street Tuner styling.
• Further, the light truck, SUVs and CROSSOVERS’ sales are also on the high side in North American markets to ensure that demand for exterior trim parts specific to these vehicle types is met sufficiently. These trends are embraced by car makers and the auto parts aftermarket in the region by availing in the market a seemingly endless line of exteriors trims that include the sporty body kits, off-road applications and many others that ICT is fond of in North America.
• To sum up, North America has always been in the leadership position due to massive automotive production, the technological platform, and the overall demands of buyers for customized trim automobile parts. As this sector goes on to remain dominant in automotive manufacturing and sophistication, the region is well positioned to retain its status as a leading supplier of exterior trim parts.

Active Key Players in the Automotive Exterior Trim Partss Market

• Continental AG (Germany)
• Faurecia SA (France)
• Flex-N-Gate Corporation (United States)
• Gestamp Automoción SA (Spain)
• Grupo Antolin (Spain)
• Hella GmbH & Co. KGaA (Germany)
• Huayu Automotive Systems Co., Ltd. (China)
• Inteva Products, LLC (United States)
• KIRCHHOFF Automotive GmbH (Germany)
• Magna International Inc. (Canada)
• Martinrea International Inc. (Canada)
• Montaplast GmbH (Germany)
• Nippon Sheet Glass Co., Ltd. (Japan)
• Plastic Omnium SA (France)
• Rehau Group (Germany)
• Samvardhana Motherson Group (India)
• Shiloh Industries, Inc. (United States)
• Toyoda Gosei Co., Ltd. (Japan)
• Webasto SE (Germany)
• Yanfeng Automotive Interiors (China) Other Major Players

Key Industry Developments in the Automotive Exterior Trim Parts Market:

• In April 2024, Continental, a leading tire manufacturer, announced the acquisition of EMT Púchov s.r.o., a renowned mold manufacturing specialist based in Slovakia. All shares of EMT Púchov s.r.o. transferred to Continental. EMT Púchov s.r.o., a long-standing supplier to Continental, was majority-owned by Dynamic Design, based in Romania. The acquisition includes the transfer of all 107 employees, each of whom brings specialist knowledge and expertise in mold manufacturing to Continental. This strategic acquisition reinforces Continental's commitment to enhancing its manufacturing capabilities and expanding its footprint in the tire production industry.
• In July 2023, Losing patent exclusivity for Entresto was another blow by Novartis, and this may similar to what is experienced by various firms that deals in automotive exterior trim parts. Similar to Novartis’ loss of a physical patent which affects its sales revenue, disruptions in the field of intellectual property rights has consequences for the ability of automakers to sustain their domination in markets and reap from trim part designs.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. AUTOMOTIVE EXTERIOR TRIM PARTS MARKET BY PRODUCT TYPE (2017-2032)
   1. AUTOMOTIVE EXTERIOR TRIM PARTS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. FRONT BUMPERS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. REAR BUMPERS
   5. OUTSIDE REAR VIEW MIRRORS (ORVM)
   6. ROCKER PANELS (UNDER PANELS)
   7. RADIATOR GRILLS
   8. WHEEL ARCH CLADDINGS (FENDER LINERS)
   9. OUTSIDE DOOR HANDLES
   10. EXTERIOR CAR DOOR TRIMS
   11. MUD GUARDS
   12. EXTERIOR TRIM PARTS
7. AUTOMOTIVE EXTERIOR TRIM PARTS MARKET BY VEHICLE TYPE (2017-2032)
   1. AUTOMOTIVE EXTERIOR TRIM PARTS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. PASSENGER CARS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. COMMERCIAL VEHICLES
   5. HEAVY TRUCKS AND BUSES
8. AUTOMOTIVE EXTERIOR TRIM PARTS MARKET BY SALES CHANNEL (2017-2032)
   1. AUTOMOTIVE EXTERIOR TRIM PARTS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. FIRST FIT
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. REPLACEMENT
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Automotive Exterior Trim Parts Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. CONTINENTAL AG (GERMANY)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. FAURECIA SA (FRANCE)
   4. FLEX-N-GATE CORPORATION (UNITED STATES)
   5. GESTAMP AUTOMOCIÓN SA (SPAIN)
   6. GRUPO ANTOLIN (SPAIN)
   7. HELLA GMBH & CO. KGAA (GERMANY)
   8. HUAYU AUTOMOTIVE SYSTEMS CO., LTD. (CHINA)
   9. INTEVA PRODUCTS, LLC (UNITED STATES)
   10. KIRCHHOFF AUTOMOTIVE GMBH (GERMANY)
   11. MAGNA INTERNATIONAL INC. (CANADA)
   12. MARTINREA INTERNATIONAL INC. (CANADA)
   13. MONTAPLAST GMBH (GERMANY)
   14. NIPPON SHEET GLASS CO., LTD. (JAPAN)
   15. PLASTIC OMNIUM SA (FRANCE)
   16. REHAU GROUP (GERMANY)
   17. SAMVARDHANA MOTHERSON GROUP (INDIA)
   18. SHILOH INDUSTRIES, INC. (UNITED STATES)
   19. TOYODA GOSEI CO., LTD. (JAPAN)
   20. WEBASTO SE (GERMANY)
   21. YANFENG AUTOMOTIVE INTERIORS (CHINA)
10. GLOBAL AUTOMOTIVE EXTERIOR TRIM PARTS MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Product Type
       4. Historic And Forecasted Market Size By Vehicle Type
       5. Historic And Forecasted Market Size By Sales Channel
       6. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies