Automotive Exterior Material Market Report: Trends, Forecast and Competitive Analysis to 2030

Automotive Exterior Material Trends and Forecast

The future of the global automotive exterior material market looks promising with opportunities in the bumper, fender, door, hood, and tailgate markets. The global automotive exterior material market is expected to reach an estimated $20.6 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are rising demand for lightweight vehicles, stricter fuel economy and emissions laws, and growing manufacturing of electric and hybrid vehicles.

A more than 150-page report is developed to help in your business decisions.

Automotive Exterior Material by Segment

The study includes a forecast for the global automotive exterior material by component, application, and region.

Automotive Exterior Material Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Steel
• Aluminum
• Plastics
• Glass Composites
• Carbon Composites
• Others

Automotive Exterior Material Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Bumpers
• Fenders
• Doors
• Hoods
• Tailgates
• Others

Automotive Exterior Material Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Automotive Exterior Material Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive exterior material companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive exterior material companies profiled in this report include-

• Magna International
• INOAC
• Covestro
• Toyota Boshoku
• Trinseo
• DuPont
• DURA
• KIRCHHOFF Automotive
• Grupo Antolin
• Gestamp Automocin

Automotive Exterior Material Market Insights

Lucintel forecasts that steel will remain the largest segment over the forecast period due to its advanced technology for maintenance and repairs.

APAC will remain the largest region over the forecast period due to rise of the automotive industry increased disposable income, rising population, as well as, increasing need for lightweight, environmentally friendly materials.

Features of the Global Automotive Exterior Material Market

Market Size Estimates: Automotive exterior material market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Automotive exterior material market size by component, application, and region in terms of value ($B).

Regional Analysis: Automotive exterior material market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different component, application, and regions for the automotive exterior material market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive exterior material market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the automotive exterior material market size?

Answer: The global automotive exterior material market is expected to reach an estimated $20.6 billion by 2030.

Q2. What is the growth forecast for automotive exterior material market?

Answer: The global automotive exterior material market is expected to grow with a CAGR of 5.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the automotive exterior material market?

Answer: The major drivers for this market are rising demand for lightweight vehicles, stricter fuel economy and emissions laws, and growing manufacturing of electric and hybrid vehicles.

Q4. What are the major segments for automotive exterior material market?

Answer: The future of the global automotive exterior material market looks promising with opportunities in the bumper, fender, door, hood, and tailgate markets.

Q5. Who are the key automotive exterior material market companies?

Answer: Some of the key automotive exterior material companies are as follows.

• Magna International
• INOAC
• Covestro
• Toyota Boshoku
• Trinseo
• DuPont
• DURA
• KIRCHHOFF Automotive
• Grupo Antolin
• Gestamp Automocin

Q6. Which automotive exterior material market segment will be the largest in future?

Answer: Lucintel forecasts that steel will remain the largest segment over the forecast period due to its advanced technology for maintenance and repairs.

Q7. In automotive exterior material market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to rise of the automotive industry increased disposable income, rising population, as well as, increasing need for lightweight, environmentally friendly materials.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the automotive exterior material market by component (steel, aluminum, plastics, glass composites, carbon composites, and others), application (bumpers, fenders, doors, hoods, tailgates, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?