Automotive Exterior Parts Market size was valued at USD 37.2 Billion in 2024 and is forecasted to grow at a CAGR of 5.5% from 2026 to 2033, reaching USD 54.8 Billion by 2033.
The global automotive exterior parts market was valued at approximately USD 108 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of around 5.1% from 2023 to 2030. The market growth is primarily driven by increasing consumer demand for aesthetic and durable exterior parts such as bumpers, grilles, mirrors, and lighting components. These components play a crucial role in enhancing the vehicles appearance and safety. The demand for lightweight, fuel efficient vehicles and rising consumer preference for customizations are further contributing to the markets growth. The Asia Pacific region accounted for the largest share of the global market in 2022, followed by North America and Europe. The growing automotive manufacturing activities in emerging economies, such as China and India, are projected to continue driving demand for exterior parts in the region. The North American market, with a market share of around 23% in 2022, is anticipated to experience steady growth due to the rising adoption of electric vehicles and the need for high quality, functional exterior parts. Europe is expected to witness significant growth, particularly in the premium automotive segment, where exterior components are often more complex and technologically advanced. In terms of opportunities, manufacturers are increasingly focusing on the development of eco friendly exterior parts made from recycled materials and the integration of advanced technologies like sensors and cameras for improved safety features. The growth in the automotive aftermarket industry also provides substantial opportunities for the expansion of the automotive exterior parts market globally, especially in regions with well established vehicle fleets.
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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. 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 Global 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 Global 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. Global Automotive Exterior Parts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Exterior Parts Market, By Type
6. Global Automotive Exterior Parts Market, By Application
7. Global Automotive Exterior Parts Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Automotive Exterior Parts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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