Automotive Plastic Exterior Parts Market Analysis: Its CAGR, Market Segmentation and Global Industry Overview

The "Automotive Plastic Exterior 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 Plastic Exterior Parts market is expected to grow annually by 11% (CAGR 2024 - 2031).

This entire report is of 101 pages.

Automotive Plastic Exterior Parts Introduction and its Market Analysis

The Automotive Plastic Exterior Parts market research report provides a comprehensive analysis of market conditions. Automotive Plastic Exterior Parts refer to components such as bumpers, grilles, and trim made from plastic materials for vehicle exteriors. The target market for these parts includes automotive manufacturers and aftermarket suppliers. Major factors driving revenue growth in this market include increased demand for lightweight materials, technological advancements, and stringent regulations on fuel efficiency and emissions. Key players in the market include Hayashi Telempu, Plastic Omnium, KNAUF Industries, and others. The report's main findings highlight the growing market potential and recommend strategies for companies to capitalize on this trend.

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The Automotive Plastic Exterior Parts market is witnessing significant growth, driven by the rising demand for lightweight and fuel-efficient vehicles. The market is segmented by type into Radiator Grille, Tailgate, Bumper, and Others, with applications in Passenger Cars and Commercial Vehicles.

Regulatory and legal factors play a crucial role in shaping market conditions. Stringent emission norms and safety regulations are pushing manufacturers to use more plastic exterior parts to reduce the weight of vehicles, thereby lowering emissions and improving fuel efficiency. Additionally, consumer preferences for stylish and durable exterior parts are also fueling the demand for automotive plastic components.

As manufacturers strive to meet regulatory requirements and consumer preferences, innovative technologies and materials are being developed to enhance the performance and aesthetics of plastic exterior parts. The market is expected to witness steady growth in the coming years, as automakers continue to invest in research and development to meet evolving market demands and regulatory standards. Overall, the Automotive Plastic Exterior Parts market presents significant opportunities for growth and innovation in the automotive industry.

Top Featured Companies Dominating the Global Automotive Plastic Exterior Parts Market

The automotive plastic exterior parts market is highly competitive with key players such as Hayashi Telempu, Plastic Omnium, KNAUF Industries, Beckers Group, CIE Automotive, Arkal Automotive, Novatec, Pacific Auto Company, TRINSEO, Sabic Innovative Plastics, Robert Bosch, Ecoplastic, Denso Corporation, Magna, Hyundai Mobis, KIRCHHOFF, HuaYu Automotive, Seoyon E-Hwa, Flex-N-Gate, Toyoda Gosei, and Jiangnan MPT.

These companies operate in the automotive plastic exterior parts market by offering a wide range of products such as bumpers, body panels, trims, mirrors, and other exterior components made from lightweight and durable plastic materials. They cater to the automotive industry by providing high-quality, cost-effective, and innovative solutions for vehicle exterior design and functionality.

By leveraging their expertise in plastic molding technologies, advanced materials, and design capabilities, these companies help to grow the automotive plastic exterior parts market by meeting the increasing demand for fuel-efficient vehicles, reducing overall vehicle weight, enhancing vehicle aesthetics, and improving safety standards.

Some of the key players in the market such as Plastic Omnium, Magna, and KIRCHHOFF have reported significant sales revenue in recent years. For example, Plastic Omnium reported sales revenue of over $9 billion, Magna reported sales revenue of over $40 billion, and KIRCHHOFF reported sales revenue of over $3 billion. These companies' strong financial performance reflects their market leadership, customer trust, and continuous innovation in the automotive plastic exterior parts segment.

• Hayashi Telempu
• Plastic Omnium
• KNAUF Industries
• Beckers Group
• CIE Automotive
• Arkal Automotive
• Novatec
• Pacific Auto Company
• TRINSEO
• Sabic Innovative Plastics
• Robert Bosch
• Ecoplastic
• Denso Corporation
• Magna
• Hyundai Mobis
• KIRCHHOFF
• HuaYu Automotive
• Seoyon E-Hwa
• Flex-N-Gate
• Toyoda Gosei
• Jiangnan MPT
• Rehau

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Automotive Plastic Exterior Parts Market Analysis, by Type:

• Radiator Grille
• Tailgate
• Bumper
• Others

Automotive plastic exterior parts such as radiator grilles, tailgates, bumpers, and others are crucial components that enhance the appearance and functionality of vehicles. The radiator grille not only protects the radiator but also adds to the aesthetics of the vehicle, while the tailgate provides easy access to the storage area. Bumpers protect the vehicle from impacts and collisions. These parts are lightweight, durable, and cost-effective, making them popular choices for automakers. The demand for automotive plastic exterior parts is boosted by their ability to improve fuel efficiency, reduce emissions, and enhance vehicle safety and aesthetics.

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Automotive Plastic Exterior Parts Market Analysis, by Application:

• Passenger Car
• Commercial Vehicle

Automotive Plastic Exterior Parts are widely used in passenger cars and commercial vehicles to enhance aesthetics, reduce weight, improve fuel efficiency, and provide durability. These parts include bumpers, grilles, fenders, and trim pieces. The fastest-growing application segment in terms of revenue is passenger cars, as plastic exterior parts are increasingly favored for their cost-effectiveness and design flexibility. This trend is driven by consumer demand for fuel-efficient vehicles with modern aesthetic , automotive plastic exterior parts play a crucial role in the automotive industry by providing both functional and aesthetic benefits to vehicles.

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Automotive Plastic Exterior 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 plastic exterior parts market is expected to witness significant growth in regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Among these regions, Asia-Pacific is anticipated to dominate the market with a market share of around 35%, owing to the increasing production and sales of automobiles in countries like China, India, and Japan. North America and Europe are expected to follow closely behind with market shares of 25% and 20% respectively. Latin America and Middle East & Africa are also projected to witness substantial growth and capture market shares of around 15% each.

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