Global Automotive Exterior Materials Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global automotive exterior materials market in its upcoming report titled, “Global Automotive Exterior Materials Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global automotive exterior materials market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The automotive exterior materials market report has been segmented on the basis of product, application, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Automotive exterior materials are used outside or exterior components of automotive to improving the appearance of a vehicle which provides better aesthetic look and safety to vehicles. Manufacturers consider factors such as weight, strength, perceived quality, and ease of repair and construction while selecting material for automobile manufacturing Steel, carbon fiber, aluminum, plastic, etc., are common materials mostly used for the purpose of automotive exterior.

On the basis of product, steel segment is estimated to hold major revenue share in the global automotive exterior materials market and is expected to maintain its dominance over the forecast period. Steel possesses added benefits such as assembling simplicity, easy availability, recycling compatibility, wide hardening ability, reforming possibility in manufacturing, high impact resistance, low cost, high formability, and versatility, which are expected to be major factors driving market growth over the forecast period.

On the basis of application, bumpers segment is estimated to hold major revenue share in the global automotive exterior materials market on account of growing production for passenger vehicles in developing and developed economies, which is expected to boost the segment growth over the forecast period. Bumpers are manufactured from thermoplastics or fiber composites. Usage of lightweight material not only lessens the drag but also improves the fuel economy of the vehicle.

Asia Pacific market is estimated to hold major revenue share in the global automotive exterior materials market, in 2017 and is expected to maintain its dominance over the forecast period. Increasing purchase power of people coupled with growing production of automobiles in China, India, and Indonesia are expected to be major factors driving market growth. Asia Pacific accounts for largest revenue share contribution of the target market, followed by markets in Europe, North America, Latin America, and the Middle East & Africa respectively. Increasing disposable income along with the growing luxury car demand in the region is expected to propel market growth over the forecast period. Moreover, growing demand for passenger cars and light commercial fuel-efficient vehicles in the region is expected to fuel exterior material market.

Market segmentation and key players operating in the global automotive exterior materials market:

By product:

• Steel
• Aluminum
• Plastic
• Carbon Composites
• Glass Composites
• Others (magnesium and titanium)

By application:

• Doors
• Hoods
• Bumper
• Tailgates
• Fenders
• Others (mud guard, spoiler, hitches, and grills)

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa