Automotive Fascia Market Size 2021 | Is Projected to Reach USD 19.56 Billion With 6.07% CAGR by 2026

Pune, India, April 05, 2021 (GLOBE NEWSWIRE) -- According to the report, Automotive Fascia Market size is projected to reach USD 19.56 billion value by 2026, exhibiting a CAGR of 6.07%. The Automotive Fascia Industry was valued at USD 12.95 billion in 2020. The global automotive fascia market size is set to gain impetus from the increasing shift of people towards attractive looking cars. Modifications in vehicles can improve their overall aesthetic appearance. Hyundai, for instance, announced a few details about its redesigned 2022 Kona Electric SUVs in February 2021.
               
Rising Awareness Programs about Climate Change to Spur Demand
               
The vehicle will be launched in the U.S. market. It will feature a sleeker, aerodynamic shaped fascia design. The COVID-19 pandemic has severely affected a wide range of industries across the globe. In China, the sales of vehicles exhibited fast recovery amid the pandemic. As per the Organization International des Constructers automobiles (OICA), in August 2020, the country shipped approximately 2.2 million units. Also, governments of various countries are offering stimulus packages, which, in turn, are set to enhance the sentiments of car-buyers. Our reports will help you get out of this grave situation by selecting the best business strategy.


Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/automotive-fascia-market-105076


Rear Fascia Segment Procured 35.6% Share in 2019, mentions Fortune Business Insights

Based on the position type, this market is bifurcated into front and rear fascia. Amongst these, the rear fascia segment generated 35.6% in terms of the automotive fascia market share in 2019. The increasing sales of passenger cars in developing and developed countries globally are likely to propel growth. By market, it is segregated into OEM and aftermarket. Lastly, in terms of the vehicle type, it is divided into passenger cars and commercial vehicles.

The report provides intelligent insights on new product developments, R&D activities, and future technologies. At the same time, it delivers elaborate information about recent investments, developments, and untapped geographies present in the automotive fascia industry. Besides, our analysts have conducted an assessment of manufacturing capabilities, strategies, and shares of renowned companies.


Click here to get the short-term and long-term impacts of COVID-19 on this Market.

Please visit: https://www.fortunebusinessinsights.com/automotive-fascia-market-105076


The automobile industry is currently prioritizing the concept of light weighting. Many OEMs are replacing heavyweight components with light ones to lower the overall weight of vehicles. This is compelling engineers to develop innovative assembly processes and cost-effective substitutes. Automotive companies and government bodies are striving persistently to reduce emission of fuels from vehicles to prevent air pollution and global warming.

Euro 6, for instance, declared that vehicles should not emit more than 95g/km of carbon dioxide. These factors are expected to spur the demand for automotive fascia in the near future. However, the maintenance and replacement cost of an automotive type of fascia is very high because of the presence of premium-quality plastics. It may hamper the automotive fascia market growth in the upcoming years.


Quick Buy -  Automotive Fascia Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/105076


Asia Pacific to Dominate Stoked by Increasing Purchase of New Vehicles

Geographically, Asia Pacific held USD 10.06 billion in terms of revenue in 2019. It is set to retain its dominant position throughout the forthcoming years because of the rising shift of people towards new vehicles and high demographic growth. In India, for instance, the government is taking numerous initiatives to promote the scrappage policy. It would help in reducing pollution caused by fuel-based vehicles.

On the other hand, Europe is expected to be the second-largest region on account of the presence of reputed automotive manufacturers in the region. In North America, the market would grow steadily fueled by the increasing sales of commercial vehicles for transportation purposes. The entry of prominent companies from Europe and Asia Pacific in the Middle East and Africa and Latin America is anticipated to accelerate the demand for automotive fascia.

  • Dongfeng Electronic Technology Co., Ltd. (DETC) (China)
  • MRC Manufacturing (Roseville MI)
  • Eakas Corporation (Peru, United States)
  • FLEX-N-GATE CORPORATION (URBANA ILLINOIS, USA)
  • Magna International Inc., (Aurora, Canada)
  • SANKO GOSEI (Toyama-ken, Japan)
  • Plastic Omnium (Île-de-France, France)
  • Gestamp (Madrid, Spain)


Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/automotive-fascia-market-105076


Global Automotive Fascia Market Segmentation:

By Market:           

  • OEM
  • Aftermarket

By Position Type:

  • Front Fascia
  • Rear Fascia

By Vehicle Type:

  • Passenger Cars
  • Commercial Vehicles

By Geography

  • North America (U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)


Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/automotive-fascia-market-105076


Have a Look at Related Reports:

Automotive Sensors Market Size, Share & COVID-19 Impact Analysis, By Sensor Type (Temperature Sensor, Pressure Sensor, Speed Sensor, Position Sensor, Others), By Application Type (Powertrain, Chassis, Exhaust, ADAS, Others), By Vehicle Type (Passenger Car, LCV, HCV) and Regional Forecast, 2020-2027

Automotive Camera Market Size, Share & COVID-19 Impact Analysis, By Application Type (Park Assist System, Lane Departure Warning System, Lane Keep Assist, Adaptive Cruise Control, Road Sign Assistance, Blind Spot Detection, Intelligent Headlight Control and Others), By Technology Type (Stereo and Monocular), By Vehicle Type (Passenger Cars and Commercial Vehicles), and Regional Forecasts, 2020-2027

Automotive Radar Market Size, Share & COVID-19 Impact Analysis, By Range (Short-Range, Medium-Range, Long-Range), By Application (Adaptive Cruise Control, Autonomous Emergency Braking, Forward Collision Warning System, Blind Spot Detection, Intelligent Parking Assistance), and Regional Forecast, 2020-2027

Vehicle Telematics Market Size, Share & COVID-19 Impact Analysis, By Technology Type (Embedded, Tethered, and Integrated), By Sales Type (OEM and Aftermarket), By Vehicle Type (Passenger Cars and Commercial Vehicles) and Regional Forecasts, 2020-2027

Drive by Wire Market Size, Share & COVID-19 Impact Analysis, By Application Type (Throttle by Wire, Steer by Wire, Shift by Wire, Brake by Wire and Park by Wire), By Component Type (Electronic Control Unit, Actuator, Electronic Throttle Control Module, Electronic Transmission Control Unit), By Vehicle Type (Passenger Cars and Commercial Vehicles) and Regional Forecasts, 2020-2027


About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.


Contact Us:

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.