Europe Automotive Exterior Parts Market was valued at USD 12 Billion in 2022 and is projected to reach USD 18 Billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030.
The automotive exterior parts market in Europe is undergoing significant transformation as various industries push for more advanced and sustainable components. With rising demand for high-performance vehicles and stricter environmental regulations, manufacturers are focusing on producing innovative solutions. These solutions aim to enhance both aesthetics and functionality, contributing to the industry's growth.
Europe's automotive exterior parts market consists of various types of components including bumpers, fenders, mirrors, grilles, and spoilers. Each type plays a crucial role in ensuring the vehicle’s overall performance, safety, and design. A key requirement from industries is lightweight materials, primarily driven by the increasing need for fuel efficiency and reduced CO2 emissions. The shift toward lightweight plastic composites and advanced materials such as carbon fiber has transformed the production of exterior parts. These materials help reduce the overall weight of vehicles, leading to better fuel efficiency and lower emissions.
Another significant requirement is the integration of advanced technologies, including sensors, lighting systems, and aerodynamic features, into automotive exterior parts. This is particularly relevant for electric vehicles (EVs) and autonomous vehicles. The demand for intelligent features like adaptive front lighting and 360-degree cameras is pushing manufacturers to develop exterior components that can accommodate these innovations seamlessly.
The industry also sees a rising trend in vehicle customization. Consumers are increasingly seeking personalized vehicles with unique exterior designs, prompting manufacturers to offer a wide variety of styling options. This demand for personalization extends to aftermarket parts, where customers look for bespoke bumpers, custom mirrors, and decorative grilles.
Moreover, with growing environmental concerns, industries are prioritizing sustainable production practices. There is an increasing push towards using recycled materials and eco-friendly production methods. The European automotive exterior parts market also aligns with the ongoing shift towards circular economies, as manufacturers recycle materials to create new components.
In summary, Europe’s automotive exterior parts market is evolving rapidly, driven by technological advancements, sustainability, and the growing demand for high-performance and personalized vehicles. The incorporation of lightweight, smart technologies, and eco-friendly materials is shaping the future of the automotive exterior parts industry.
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Plastic Pmnium
Faurecia
Magna International
Hadley Industries
Tokai Rika
TOYODA GOSEI
IAC
Hyundai Mobis
SEOYON E-HWA
Yanfeng
Jiangnan Mould＆Plastic Technology
Shuanglin Group
Jiangsu Xinquan
Minth Group
Changchun FAWAY
Huayu Automotive
Ningbo Huaxiang Electronic
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Automotive Exterior Parts Market
Bumpers
Fenders
Hoods
Grilles
Mirrors
Windows
Roof Railing
Exterior Lighting
Plastic
Metal
Composite Materials
Passenger Cars
Commercial Vehicles
Motorcycles
Electric Vehicles
SUVs and Crossovers
OEMs (Original Equipment Manufacturers)
Aftermarket
Online
Offline
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Automotive Exterior Parts Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Automotive Exterior Parts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Automotive Exterior Parts Market, By Type
6. Europe Automotive Exterior Parts Market, By Application
7. Europe Automotive Exterior Parts Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Automotive Exterior Parts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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