The Europe Automotive Trim Market would witness market growth of 6.0% CAGR during the forecast period (2023-2029).
Numerous cutting-edge features of automotive trim parts, like the capacity to significantly reduce overall vehicle weight by utilizing fiberglass components, are probably luring in more automakers, boosting demand for and sales of automotive trim parts. Therefore, creating innovative automobile trim part products is a major emphasis for businesses worldwide.
Several manufacturers are offering their trim components, including bumpers, door trim, door panels, and sun visors, to boost the sales of aftermarket parts on various e-commerce platforms. To boost the sales of these components, manufacturers are working with well-known online marketplaces, speeding up the rise of automotive trim parts sales in various locations.
To protect the car from damage, automotive trim parts are utilized both inside and outside the car. Trim elements such as door panels & door trims are made specifically to do this. These components are, therefore, crucial for automobiles and are installed to raise passenger comfort levels.
The growth of the automotive sector is essential to Europe's economy. In the EU, the automotive sector employs 2.6 million people or 8.5% of all manufacturing jobs. Furthermore, the EU is home to some of the world's leading automakers. Furthermore, the automotive industry represents the largest private investment in R&D. The European Commission promotes technical harmony and funds R&D to boost its competitiveness and retain its technological leadership.
The Germany market dominated the Europe Automotive Trim Market by Country in 2022; thereby, achieving a market value of $2,749.8 million by 2029. The UK market is estimated to grow at a CAGR of 5.1% during (2023 - 2029). Additionally, The France market would witness a CAGR of 6.8% during (2023 - 2029).
Based on Material, the market is segmented into Polypropylene (PP), Polyoxymethylene (POM), Acrylonitrile Butadiene Styrene (ABS), Thermoplastic Elastomer (TPE) and Others. Based on Application, the market is segmented into Exterior and Interior. Based on Exterior Type, the market is segmented into Bumpers, Door & Window Seals and Others. Based on Interior Type, the market is segmented into Dashboard, Door Panel and Others. Based on End Use, the market is segmented into OEM and Aftermarket. Based on Vehicle Type, the market is segmented into ICE Passenger Vehicle, ICE Commercial Vehicle, Hybrid Electric Vehicle (HEV), Battery Electric Vehicle (BEV) and Plug-in Hybrid Electric Vehicle (PHEV). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Automotive Trim Market is Projected to reach USD 41.6 Billion by 2029, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include International Automotive Components (IAC) Group, Continental AG, Fritz Dräxlmaier GmbH & Co. KG, Gemini Group, Inc., TS TECH Co., Ltd., Gronbach Inventive Sales & Marketing GmbH & Co KG, Grupo Antolin Irausa, S.A., Kasai Kogyo Co., Ltd., Toyota Boshoku Corporation, Trinseo PLC.
By Material
By Application
By End Use
By Vehicle Type
By Country
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