North America Automotive Trim Market Size, Share & Industry Trends Analysis Report By Material, By Application (Exterior and Interior), By End Use (OEM and Aftermarket), By Vehicle Type, By Country and Growth Forecast, 2023 - 2029
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Market Report Description
The North America Automotive Trim Market would witness market growth of 6.4% CAGR during the forecast period (2023-2029).
The automotive industry will go through a significant shift in the future. Creating and implementing strategies that will benefit both people and nature are essential as the globe works to address environmental concerns. The necessity for cohabitation has led to increased use of autonomous vehicles, electric cars, and autos that operate on readily available biofuels. The requirements for automotive interior trims have changed with the advent of car sharing, carpooling, and the rental of vehicles for various purposes. It is popular to have cabin designs that provide a comfortable ride, are simple to use, and may double as workplaces and entertainment centers.
Manufacturers are creating the most cutting-edge interior trim designs to comply with new material compliance standards, safety regulations, and weight restrictions. Interior trims are now replaced every two years, instead of every five, to create modern, aesthetically pleasing interiors that meet all the requirements on time and under budget. As a result, modern vehicles are presented with state-of-the-art interior features that highlight their eco-friendliness, adaptability, and sustainability.
North America is experiencing a rise in the demand for commercial cars. This is a result of fleet management's rising demand for long-distance operations. Additionally, local governments are passing numerous pieces of legislation linked to carbon emissions. As a result, regional producers are integrating the same technology into buses and commercial vehicles to cut carbon emissions. For example, vehicles for long-distance haulage have previously undergone extensive duty cycle or fuel efficiency optimization.
The US market dominated the North America Automotive Trim Market by Country in 2022; thereby, achieving a market value of $7,598.8 million by 2029. The Canada market is anticipated to grow at a CAGR of 8.9% during (2023 - 2029). Additionally, The Mexico market would showcase a CAGR of 7.9% 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 U.S., Mexico, Canada, and Rest of North America.
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.
Scope of the Study
Market Segments Covered in the Report:
- Polypropylene (PP)
- Polyoxymethylene (POM)
- Acrylonitrile Butadiene Styrene (ABS)
- Thermoplastic Elastomer (TPE)
- Door & Window Seals
- Door Panel
By End Use
By Vehicle Type
- ICE Passenger Vehicle
- ICE Commercial Vehicle
- Hybrid Electric Vehicle (HEV)
- Battery Electric Vehicle (BEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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
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