Car Trim and Final Products Market analysis

1. We use cookies for a better user experience. Read our Privacy Policy I Agree Search report Keywords Home / Automotive / Automotive / Car Trim and Final Products Market Car Trim and Final Products Market Rep Id : TMRGL83664 Car Trim and Final Products Market (Car Type: Compact, Mid-size, Luxury, and SUV; and Category: Exterior, Lamp, Glass, and Other Products, Interior, Seat Related Products, and Safety Related Products) - Global Industry Analysis, November 2021 Size, Share, Growth, Trends, and Forecast, 2021-2031 Automotive 257 Pages Report Preview Table of Content Transparency Plus Request FREE Sample Automakers Pay Attention to Changing Tides Generated by Coronavirus Outbreak With major disruptions to a market already under disturbances, it has become imperative for stakeholders in the automotive industry to pay attention to the changing tides generated by the Select License Type coronavirus outbreak. Companies in the car trim and final products market are giving priority to electric vehicles (EVs), owing to the mounting legislative pressure across the globe. Despite Single User license $5795 COVID-19’s economic impacts, lawmakers are remaining mindful about climate change and urging Multi-User license $8795 automotive companies to invest in cleaner technologies. Corporate license $11795 Manufacturers in the car trim and final products market are accelerating their timelines and setting aggressive targets for product launches. They are re-evaluating their strategies to adjust Buy Now with the long-lasting impacts of the pandemic in order to remain competitive in the ever-evolving automotive industry. Safe and Secure SSL Encrypted Get A Special pricing for start-ups and universities. Request Discount

2. - Need More Info? - Enquiry Before Buying Request Methodology Ask References Free Customization - Want to customize this report? - We employ Market Analysis, Benchmarking, Corporate Intelligence, and Technological understand specific requirements and customize report with a quick turnaround time in a dynamic business environment. Intelligence to We offer 100% Free Customisation at the time of purchase Connect To Analyst Request a sample to get extensive insights into the Car Trim and Final Products Market Dark V/S Light Interior: Which is Better? Dark interiors are easy to clean and offer a sportier vibe. However, it has been found that black or - Trusted Partners - dark cabin materials absorb more light and heat. On the other hand, light colored interiors give the cabin a more airy and spacious feel. However, light colored seats act as dirt magnets due to increased visibility of stains and dust.

3. It has been found that dark interiors can look dreary, especially certain shades of gray. As such, Quick Contact 866-552-3453 dark colors go well with almost any exterior paint option. Light color interiors can be more expensive than dark interior but they attract less heat. Such trends are influencing growth in the +1-518-618-1030 global car trim and final products market. Contact by email To understand how our report can bring difference to your business strategy, Ask for a brochure Why trust Us? Inclination of Users toward LED Trim Lights with Long Service Life The car trim and final products market is expected to cross the valuation of US$ 182.17 Bn by 5 Million+ Market Data 2031. Manufacturers are increasing the availability of LED trim lights with a strong and robust design that is waterproof, shockproof, and vibration proof. They are innovating in interior LED trim lights that enhance the aesthetics of vehicles and deliver energy savings. Companies in the car trim and final products market are boosting the production of LED trim lights - Related Reports - with a long service life. These LEDs are molded into the corners of the vehicle in order to enhance Car Detailing Market the aesthetics of the car. It has been found that LEDs consume less energy as compared to Robo-Taxi Market Growth, Forecast 2022- 2031 standardized bulbs and provide more visibility in end-use applications. Solar Powered Car Market Hidden Light Technology Grabbing Attention of Competitors in Market Automotive Electric Water Pump Market Even though the car trim and final products market is slated to clock a CAGR of 3.42% during the Two-wheeler Services Market forecast period, manufacturers are competing to meet end user demands. The hidden light technology by Hyundai Motor Group is gaining recognition for the fourth-generation Tucson that perfectly houses the design of the concept ‘Vision T’. Companies in the car trim and final products market are taking cues from breakthrough innovations to increase R&D in early hidden lighting that is being used as a decorating effect to the tail lamps. They are implementing the hidden lighting technology inside the radiator grille.

4. Stuck in a neck-to-neck competition with other brands? Request a custom report on Car Trim and Final Products Market Analysts’ Viewpoint One of the most notable outcomes of the COVID-19 crisis has been increased investment in electrification. LED trim lights are easy to install. Likewise, companies in the car trim and final products market should increase R&D in hidden light technology. These lights need to meet safety standards, since these hidden lights are being used as daytime driving lights and as direction indicator lights. There is a need for lights that increase visibility for the driver. Thus, to achieve this, manufacturers should develop several prototypes and conduct trials to ensure the reliability of trim lights. Pros and cons of light & dark interiors in vehicles are influencing market growth. Nevertheless, price remains the deciding factor with respect to choosing light & dark interiors. Car Trim and Final Products Market: Overview

5. The global car trim and final products market was valued over US$ 124.68 Bn in 2020. It is estimated to expand at a CAGR of 3.42% from 2021 to 2031. Car trims and final products are used by manufacturers to decorate and lend an artistic appearance to the vehicle. The products are either made form metal, plastic, or carbon fiber. Automotive trim includes several exterior components such as dashboards, front bumpers, lamps, rear bumpers, and wheel covers. Likewise, interior trims in the vehicle include seat trims, seat belts, roof lining, door lining, sun visor mirror, leather steering wheel, leather sheets, mattings, chassis, and pillar covers, which help improve the appearance of the vehicle rather than provide any functionality. The exterior and interior trim packages are segregated into several types, right from car look to protection. The automotive trim consists of unique or special paints, metal parts (i.e. aluminum or steel), numerous paint patterns, upholstery, badges, and other elements or components. Moreover, automobile manufacturers are installing different components such as detection sensors, front & rear bumpers, air bags, and seat belts that enhance car safety. For instance, in 2018, Draexlmaier Group invested around US$ 42.7 Mn to build a manufacturing facility at Duncan, South Carolina, U.S., which delivers car interiors and plastic components to OEMs. Drivers of Car Trim and Final Products Market Rising production of cars, i.e. IC engine cars, electric and hybrid cars, increases the use of trims and final products, which further boosts the market. According to OICA (International Organization of Motor Vehicle Manufacturers), in 2019, the global passenger car production reached to 56 million units. Increasing production of cars requires huge number of products or components to be installed for its functionality. Despite of its functionality, cars also require other components that are mandatory to provide safety to the driver and passengers. Hence, increasing safety features in cars propels the market. Increase in demand for noise reduction in car interiors is also fueling the trims and final products market. Consumers are investing significantly in the purchase of those cars that have less disturbance due to external air flow. The primarily function of such car interiors is to minimize noise emission, reduce wind, and to enhance the car speed. Therefore, such

6. demands from consumers are prompting manufacturers to use noise cancelation leather and foam for the car interiors, which in turn increases the demand for car trims. Rising preference for comfortable seating features in cars is also compelling original equipment manufacturers to integrate several sensors and advanced technological applications. Automakers provide various seat systems that can be adjusted as per the comfort level of the driver and passengers. Moreover, these seats can also trigger climate control systems and provide relaxing features to the occupants of the vehicle. Therefore, integration of technology in seating solutions also drives the car trim and final product market. Challenges for Car Trim and Final Products Market Components that are installed in the car are expensive, which deters the consumer from opting for product replacement. Therefore, OEMs equips their vehicles with durable and strong parts, which survive or endure in all weather conditions. These durable products widely hamper the aftermarket segment, as these components do not wear easily and hinder the need for replacement. Therefore, a decline in the demand for aftermarket products hampers the car trim and final products market. Production and sales of automotive vehicles has decreased due to onset of COVID-19 pandemic and the subsequent shut down of manufacturing processes, lockdowns, and disruption of supply chains, and distribution channels. Reduction in vehicle production also hampers the automotive trim and final product market. However, recent policies and recovery packages announced by several nations for the sustenance of automotive manufacturing are estimated to boost the automotive trim and final product market. Car Trim and Final Products Market Segmentation The global car trim and final products market has been segmented based on car type, category, and region Based on car type, the compact or hatch back cars segment dominated the global car trim and final products market, in terms of revenue, in 2020. Sales and production of compact cars are significantly high in developing countries, due to a rise in population, traffic

7. congestion, and an increase in adoption rate of passenger cars, which further enhance the demand of car trims and final products. Based on category, the interior segment dominated the global car trim and final products market, in terms of revenue, in 2020. Increase in production of automobile vehicles across the world is prompting manufacturers to mostly focus on enhancing vehicle interiors by using different products, advanced sensors, and other applications in order to improve the comfort level. For instance, in 2021, Toyota Boshoku Corporation Company’s subsidiary, TB Kawashima Co., Ltd., formed an alliance with AUNDE Achter & Ebels GmbH Company to reinforce its interior material business for automobile vehicles. Car Trim and Final Products Market: Regional Analysis Based on region, the global car trim and final products market has been segmented into North America, Europe, Asia Pacific, Central & South America, and Africa Asia Pacific holds a prominent share of the global car trim and final products market in 2020. Countries in Asia Pacific such as China, India, and Japan are considered major markets for compact and mid-sized cars (passenger cars) and other commercial vehicles. Asia Pacific held 53.6% share of total global car production for 2020. Moreover, China accounted for over 50% share of the total car production in Asia Pacific, due to rising adoption of passenger cars and increasing fleet services. Furthermore, consumers are also changing their preference from IC engine cars to electric cars, due to an increase in fuel prices and regulated emission laws. Therefore, this increase in vehicle production in Asia Pacific drives the car trim and final products market. Car Trim and Final Products Market: Competition Landscape Key players operating in the global car trim and final products market include Adient plc Autoliv Inc. Lear Corporation Osram Licht AG Benteler International AG

8. Magna International, Inc. Futaba Industrial Co., Ltd. Toyota Boshoku Corporation Hella KGaA Hueck & Co. ZF Friedrichshafen AG Faurecia SE Draexlmaier Group Joyson Safety Systems Inteva Products, LLC Marelli Holdings Co., Ltd. Major players that are operating in global car trim and final products market are focusing on expansion of their market share by engaging in collaborations, partnerships, mergers & acquisition, or by establishing new manufacturing, distribution, and R&D facilities. For instance, in September 2021, Faurecia SE collaborated with SSAB, a Sweden-based steel company, to develop fossil-free and ultra-low CO2 high strength steel for seat structures, which further helps the company to explore fossil-free automotive steel seat structures in its supply segment. These activities are estimated to drive the car trim and final products market during the forecast period. Car Trim and Final Productns Market Snapshot Attribute Detail Market Size Value US$ 124.68 Bn in 2020 Market Forecast US$ 182.17 Bn Value in 2031 Growth Rate 3.42%

9. (CAGR) Forecast Period 2021-2031 Historical Data 2017-2019 Available for Quantitative Units US$ Mn for Value & Units for Volume The report covers regional and global car trim and final products market Research Scope size along with key factors influencing the market Executive Summary, Market Overview, Global Market, Regional Market, Report Coverage Competition Landscape Format Electronic (PDF) Market Car Type Segmentation Compact Mid-size Luxury SUV Category Exterior Lamp, Glass, and Other Products Interior Seat Related Products Safety Related Products

10. North America Europe Regions Covered Asia Pacific Central & South America Africa Countries U.S. Covered Canada Mexico U.K. Germany France Italy Spain Austria Belgium Sweden Portugal Finland Netherlands Russia Turkey Czech Republic Hungary Ukraine Poland Slovakia Romania Slovenia

11. Serbia China Rest of Asia Pacific Morocco Adient plc Autoliv Inc. Lear Corporation Osram Licht AG Benteler International AG Magna International, Inc. Futaba Industrial Co., Ltd. Companies Toyota Boshoku Corporation Profiled Hella KGaA Hueck & Co. ZF Friedrichshafen AG Faurecia SE Draexlmaier Group Joyson Safety Systems Inteva Products, LLC Marelli Holdings Co., Ltd. Customization Available upon request Scope Pricing Available upon request Car Trim and Final Products Market – Segmentation

12. This report on the car trim and final products market provides information on the basis of car type, category, and region. Compact Mid-size Car Type Luxury SUV Exterior Lamp, Glass, and Other Products Interior Category Seat Related Products Safety Related Products North America Europe Asia Pacific Region Central & South America Morocco This study also discusses the underlying trends and impact of various factors that are driving the car trim and final products market, along with their influence on the evolution of the market. This study also offers Porter’s Five Point Analysis, value chain analysis, regulatory scenario, and a SWOT analysis of the car trim and final products market, in order to elaborate the crucial growth tactics and opportunities for market players contributing to the market.

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