North America Automotive Exterior Parts Market was valued at USD 4 Billion in 2022 and is projected to reach USD 6 Billion by 2030, growing at a CAGR of 5.8% from 2024 to 2030.
The North American automotive exterior parts market is experiencing remarkable growth, driven by an increasing demand for advanced and high-quality vehicle components. With the expansion of the automotive industry and the growing interest in vehicle customization, manufacturers are continually introducing innovative solutions to meet the requirements of carmakers and consumers alike. These exterior parts not only contribute to the aesthetics of a vehicle but also serve crucial functions like safety, aerodynamics, and protection from environmental elements.
Several key factors are shaping the automotive exterior parts market. The rising consumer preference for lightweight and durable materials, such as carbon fiber and high-strength steel, is a significant driver of this market. These materials offer improved fuel efficiency and enhanced vehicle performance. Additionally, the growing popularity of electric vehicles (EVs) is influencing the demand for specialized exterior parts that support the unique needs of EV designs, such as seamless battery compartment covers or aerodynamic enhancements.
Manufacturers are also responding to the increasing need for customization. Consumers are no longer satisfied with standard designs and are looking for vehicles that reflect their personal style. This demand has led to a surge in aftermarket automotive exterior parts, such as body kits, spoilers, bumpers, grilles, and mirrors, providing car owners with an opportunity to personalize their vehicles and enhance their visual appeal.
The automotive exterior parts market in North America is also impacted by environmental concerns. Consumers and regulatory bodies are placing more emphasis on eco-friendly production processes and sustainable materials. As a result, manufacturers are adapting by incorporating recyclable components and reducing their carbon footprint through energy-efficient manufacturing practices.
Furthermore, the need for durable parts that can withstand the harsh weather conditions commonly found in North America plays a critical role in market growth. Whether it's UV resistance, snow, or heavy rain, automotive exterior parts must be designed to endure a wide variety of environmental stresses. This has encouraged continuous innovation in the sector, focusing on enhancing the longevity and reliability of exterior parts.
North America Automotive Exterior Parts Market
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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
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 North America Automotive Exterior Parts Market
Passenger Vehicle
Commercial Vehicle
Based on Types the Market is categorized into Below types that held the largest Automotive Exterior Parts market share In 2023.
Bumper
Radiator Mask
Grille
Anti-scratch Strip
Tail
Handle
Rearview Mirror
Others
North America (United States, North America 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 North America 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. North America Automotive Exterior Parts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Automotive Exterior Parts Market, By Type
6. North America Automotive Exterior Parts Market, By Application
7. North America Automotive Exterior Parts Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Automotive Exterior Parts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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