The Latin America, Middle East and Africa Automotive Trim Market would witness market growth of 8.7% CAGR during the forecast period (2023-2029).
The automotive interior trims include pillar trims, seats, headliners, door trims, and other components. The market is expanding due to consumer demand for luxury and comfort and rising vehicle production. The seat greatly influences the driving and passenger experiences, and leather is the material of choice for this application.
Automotive exterior trims are a crucial and essential component of the car since they guard it against harm from other vehicles that may come into contact with it. In addition, automobile exterior trims are the parts added to the outside of a vehicle to improve its aesthetic appeal. Automobile exterior trims include the light assembly hood, wheel flares, bumper, and headlight cover. Most contemporary vehicles come equipped with many external trims to accentuate their appearance.
The plastic or polymer parts known as trims are used in cars to serve various functions, such as protecting the car from damage brought on by collisions with other cars. A vehicle's trim level refers to the special features the trims employed in the vehicle explain. These include the front & rear bumpers, door inside trims, and similar parts intended to give the car a better aesthetic.
One of the main pillars of the UAE's economic growth is the LAMEA region's automobile sector. The industry is crucial to the economy as the country looks to the future and is currently one of the automotive industries in the Gulf Cooperation Council (GCC). The UAE government's focus on expanding the automotive sector demonstrates its goal to use this industry to support the development of the country's economy.
The Brazil market dominated the LAMEA Automotive Trim Market by Country in 2022; thereby, achieving a market value of $810.2 million by 2029. The Argentina market is poised to grow at a CAGR of 9.3% during (2023 - 2029). Additionally, The UAE market would exhibit a CAGR of 8.4% during (2023 - 2029).
Based on Material, the market is segmented into Polypropylene (PP), Polyoxymethylene (POM), Acrylonitrile Butadiene Styrene (ABS), Thermoplastic Elastomer (TPE) and Others. Based on Application, the market is segmented into Exterior and Interior. Based on Exterior Type, the market is segmented into Bumpers, Door & Window Seals and Others. Based on Interior Type, the market is segmented into Dashboard, Door Panel and Others. Based on End Use, the market is segmented into OEM and Aftermarket. Based on Vehicle Type, the market is segmented into ICE Passenger Vehicle, ICE Commercial Vehicle, Hybrid Electric Vehicle (HEV), Battery Electric Vehicle (BEV) and Plug-in Hybrid Electric Vehicle (PHEV). Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Automotive Trim Market is Projected to reach USD 41.6 Billion by 2029, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include International Automotive Components (IAC) Group, Continental AG, Fritz Dräxlmaier GmbH & Co. KG, Gemini Group, Inc., TS TECH Co., Ltd., Gronbach Inventive Sales & Marketing GmbH & Co KG, Grupo Antolin Irausa, S.A., Kasai Kogyo Co., Ltd., Toyota Boshoku Corporation, Trinseo PLC.
By Material
By Application
By End Use
By Vehicle Type
By Country
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