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LONDON, GREATER LONDON, UNITED KINGDOM, September 30, 2024 /EINPresswire.com/ -- The automotive fascia market has experienced robust growth in recent years, expanding from $19.95 billion in 2023 to $21.27 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to aesthetic design trends, government initiatives, integration of advanced lighting systems, customization and brand differentiation, environmental concerns and lightweighting.
What Is The Estimated Market Size Of The Global Automotive Fascia Market And Its Annual Growth Rate?
The automotive fascia market is projected to continue its strong growth, reaching $27.39 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to electrification and autonomous driving, sustainable material solutions, smart connectivity features, global expansion of automotive production, urbanization, and traffic safety concerns.
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Growth Driver Of The Automotive Fascia Market
The increasing sales of vehicles are expected to propel the growth of the automotive fascia market going forward. A vehicle refers to an automobile with an engine that transports individuals or objects between locations. Automotive fascia is situated at the front and rear of a vehicle. It plays a crucial role in the design of the vehicle's aerodynamics while also adding a beautiful finishing touch to the exterior.
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Which Market Players Are Steering The Automotive Fascia Market Growth?
Key players in the market include Dongfeng Electronic Technology Co. Ltd., MRC Manufacturing, Eaksa Corporation, Flex-N-Gate LLC, Magna International Inc., SANKO GOSEI Ltd., Plastic Omnium, Gestamp Services India Pvt. Ltd., Chiyoda Corporation, Inhance Technologies, Aisin Light Metals LLC, Mobis Georgia LLC, Dakkota Integrated Systems LLC, Venta Lonia LLC, Revere Plastics Systems LLC, Guardian Industries, Hyundai Mobis Co., Faurecia SE, Samvardhana Motherson International Ltd., HBPO GmbH, The REHAU Group, TONG YANG GROUP, Futaba Industrial Co. Ltd., Toyoda Gosei Co. Ltd., KIRCHHOFF Automotive GmbH, Magneti Marelli S.p.A., SRG Global Inc., Visteon Corporation, Valeo SA, Calsonic Kansei Corporation.
What Are The Key Trends That Influence Automotive Fascia Market Size?
The increasing sales of vehicles are expected to propel the growth of the automotive fascia market going forward. A vehicle refers to an automobile with an engine that transports individuals or objects between locations. Automotive fascia is situated at the front and rear of a vehicle. It plays a crucial role in the design of the vehicle's aerodynamics while also adding a beautiful finishing touch to the exterior.
How Is The Global Automotive Fascia Market Segmented?
1) By Type: Front Fascia, Rear Fascia, Commercial Vehicles, Passenger Cars
2) By Material: Steel And Aluminum, Rubber, Plastic Covered Styrofoam, Plastic Covered Aluminum, Other Materials
3) By End-User: Aftermarket, Original Equipment Manufacturer (OEM)
Geographical Insights: Asia-Pacific Leading The Automotive Fascia Market
Asia-Pacific was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Automotive Fascia Market Definition
An automotive fascia refers to the part surrounding the instruments and dials in a vehicle. It is a decorative dashboard panel or a decorative dashboard assembly.
Automotive Fascia Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global automotive fascia market report covering trends, opportunities, strategies, and more
The Automotive Fascia Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on automotive fascia market size, automotive fascia market drivers and trends and automotive fascia market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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