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

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.