USD 29.42 billion
Automotive Fascia Market Size, Share, Growth Analysis, By Position Type(Front fascia, and rear fascia), By Vehicle type (Light commercial vehicle, heavy commercial vehicle, passenger vehicle ), By Sales Channel(OEM, aftermarket), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25A2061 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
88
|Figures:
76
Automotive Fascia Market Insights
Automotive Fascia Market size was valued at USD 29.42 billion in 2019 and is poised to grow from USD 31.14 billion in 2023 to USD 49.11 billion by 2031, growing at a CAGR of 5.86% in the forecast period (2024-2031).
Automotive fascia is a decorative plastic panel located on the upper side of the bumper at the front and rear of the vehicle. To cover the bumper original equipment manufacturers frequently design the fascia for giving a cool look to the vehicle. It is produced from light weight plastic, so it can minimize the weight and increase the power efficiency of a vehicle. Furthermore, it facilitates space for headlamps, bumpers, grills, and vehicle emblems.
Rapid urbanization throughout the countries resulted in a significant growth of the automotive industry, also the disposable income of consumers is increasing so as spending power increased which is boosting the vehicle sales. All of these are driving the automotive fascia demand. The ingenious technology is continuously on the rise in the automotive industry and that is giving rise to splendour vehicles adoption has increased the demand for automotive fascia.
However, the fluctuation in raw materials price is a constraint for the global automotive fascia market over the forecast period (2024-2031). Due to the outbreak of COVID-19 pandemic, it started affecting the world economy, which also affects the automobile sector, and the disruption in the product supply chain which gives rise to troubles for the producers. As a result, it is hindering the market growth during the forecast timeline.
US Automotive Fascia Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Fascia
Fastest Growth
Fascia
Growth Rate
5.86% CAGR
Global Automotive Fascia Market ($ Bn)
Country Share for North America Region (%)
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Automotive Fascia Market Segmental Analysis
Global automotive fascia market is segmented based on the position type, vehicle type, sales channel, and region. Based on position type, the market is segmented into front fascia, and rear fascia. Based on vehicle type, the market is segmented into light commercial vehicle, heavy commercial vehicle, passenger vehicle. Based on the sales channel, it is categorized into OEM, aftermarket. Based on region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.
Automotive Fascia Market Analysis by Position Type
Based on position type, the market is segmented into front fascia, and rear fascia. The front fascia segment is assumed to augment the global automotive fascia market over the said forecast period due to the high interest of manufacturers on developing modern and attractive fascia of the front bumper for improving the aesthetics of vehicles. The front fascia includes headlamps, grille, vehicle emblem, and front bumper.
Automotive Fascia Market Analysis by Vehicle Type
Based on vehicle type, the market is segmented into light commercial vehicle, heavy commercial vehicle, passenger vehicle. The increase of disposable income gives rise to increasing spending capability, and very good infrastructure altogether increases the demand of grandeur vehicles; and the passenger vehicle segment can possibly drive the global automotive fascia market over the forecast period based on the assumption.
Global Automotive Fascia Market By Position Type
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Automotive Fascia Market Regional Insights
Asia Pacific is among the regions to dominate the global automotive fascia market owing to huge sales of automotive. The economy is increasing and the level of affluence is growing significantly to meet with the modern trends to live, spend, and enjoy life to its best, which will positively drive the automotive fascia market in the region. Increasing number of automotive manufacturing industries coupled with the newest foreign automaker in developing nations including China and India are propelling the market growth during the aforementioned forecast period. Furthermore, due to population rise in this region, it resulted in the good production of passenger vehicles especially in countries like South Korea, China, and India which is assumed to benefit the market growth exponentially.
North America is holding a considerable amount of market share because of high production of commercial vehicles in the region for adventurous purposes and transportation. Europe is further predicted to witness some growth in the market because of the major market players’ presence in the region.
Global Automotive Fascia Market By Region
- Largest
- Fastest
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Automotive Fascia Market Dynamics
Automotive Fascia Market Drivers
Demand for Conventional Vehicle to Drive the Demand for Automotive Fascia in Global Market
- Increasing preference for light weight vehicles to be safe from rising pollution level and lower the CO2 level and global warming is a driving factor for the automotive fascia market, as adopting lightweight automotive components than heavy weight ones can solve the major environmental problem. According to Euro 6, the CO2 emission from vehicles should not exceed 95g/km, which gives rise to the development of components of low weight by the automotive manufacturers, which is a good sign for the market growth.
Automotive Fascia Market Restraints
High Cost associated with Maintaining to Hinder Market Growth
- Higher maintenance and replacement cost of automotive bumper fascia can restrain the market growth as the latest manufacturing technologies and modern designs are the major reasons for the body repair to be more expensive.
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Automotive Fascia Market Competitive Landscape
Global automotive fascia market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Automotive Fascia Market Top Player's Company Profiles
- Magna International Inc.
- Faurecia SA
- Flex-N-Gate Corporation
- Plastic Omnium SE
- Samvardhana Motherson Group
- Hanwha Corporation
- Toyoda Gosei Co., Ltd.
- Futaba Industrial Co., Ltd.
- Nifco Inc.
- Yanfeng Automotive Interiors
- Gestamp Automoción
- Rehau AG + Co
- SRG Global
- TPO Frontiers
- KIRCHHOFF Automotive
- AGS Automotive Systems
- Cooper-Standard Automotive Inc.
- Magneti Marelli S.p.A.
- Hella GmbH & Co. KGaA
- Calsonic Kansei Corporation
Automotive Fascia Market Recent Developments
- In October 2022, 5 cars launched. Hyundai brought its EV to the market with the latest version and the China-based BYD is planning to bring its second EV to India.
- In September 2022, a Chinese automaker, Changan Automobile, launched Shenlan SL03, a small electric sedan with 26,000 dollars which is similar to Tesla Model 3, priced at around 40,000 dollars.
Automotive Fascia Key Market Trends
- Stylish, attractive, cool design cars are catching the attention of the consumers, and this is influencing more to develop and modify the vehicles according to the consumer preference. This is boosting the car modification business in the world. The increase in popularity for attractive, aerodynamic automotive fascia is growing the market trend in using more aesthetic vehicles.
Automotive Fascia Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global automotive fascia market analysis, increasing the demand for vehicles in the modern world, as a result it gives rise to the demand of automotive fascia. The technological enhancements are continuously on the rise in the automotive industry and that is giving rise to adoption of luxurious vehicles; hence increased the demand for automotive fascia. Also, the demand for different shapes of fascia further increases the demand for automotive fascia. But the market may witness some hindrance due to the high cost of the raw materials to repair the damaged parts.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 29.42 billion |
| Market size value in 2031 | USD 49.11 billion |
| Growth Rate | 5.86% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Fascia Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Fascia Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Fascia Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Fascia Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Fascia Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Fascia Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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