The Automotive Fascia Global Market Report 2023, provides comprehensive information on the automotive fascia market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Automotive Fascia Global Market Report 2023, the global automotive fascia market size is expected to grow from $18.82 billion in 2022 to $20.15 billion in 2023 at a compound annual growth rate (CAGR) of 7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global automotive fascia market size is expected to reach $25.42 billion in 2027 at a CAGR of 6%.
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Technological advancements are a key trend gaining popularity in the automotive fascia market. Companies operating in the automotive fascia market are adopting new technologies to sustain their position in the market. For instance, in June 2021, Hyundai Mobis, a South Korea-based automaker corporation and car parts company, unveiled the new ‘lighting and moving’ grille technology. The front grille of the car now has an LED lighting function, and the moving grill has a new ‘grille integrated active pair flap’ technology. This technique automatically adjusts the airflow entering the engine bay. In addition to communicating with other vehicles, the lighting grille can provide powerful and distinct design effects. The ‘moving grille’ technology, on the other hand, regulates the outside air to cool the powertrain because the grille moves and serves as illumination. This new grille has internal air flaps built into it that sense variations in coolant temperature and restrict the entry of outside air by lowering the flaps if cooling is not required.
The automotive fascia market is segmented:
1) By Type: Front Fascia, Rear Fascia, Commercial Vehicles, Passenger Cars
2) By Material: Steel And Aluminium, Rubber, Plastic Covered Styrofoam, Plastic Covered Aluminium, Other Materials
3) By End-User: Aftermarket, Original Equipment Manufacturer (OEM)
Asia-Pacific was the largest region in the automotive fascia market in 2022.
The table of contents in TBRC’s automotive fascia market report includes:
- Executive Summary
- Automotive Fascia Market Characteristics
- Automotive Fascia Market Trends And Strategies
- Automotive Fascia Market – Macro Economic Scenario
- Automotive Fascia Market Size And Growth
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- Africa Automotive Fascia Market
- Automotive Fascia Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Automotive Fascia Market
- Automotive Fascia Market Future Outlook and Potential Analysis
- Appendix
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