Automotive Fascia Market Forecasts to 2028 – Global Analysis By Position Type (Rear, Front), Product (Plastic Covered Aluminum, Rubber, Steel and Aluminum, Plastic Covered Styrofoam), End User (Aftermarket, OEM) and By Geography
According to Stratistics MRC, the Global Automotive Fascia Market is accounted for $13.73 billion in 2020 and is expected to reach $25.55 billion by 2028 growing at a CAGR of 8.0% during the forecast period. Rising demand for lightweight vehicles and increasing sales of vehicles are driving the market growth. However, the higher maintenance and replacement cost of automotive fascia are hampering the growth of the market.
An automotive fascia is a plastic panel that is mounted at the front and rear of a vehicle. It comprises space for grilles, headlamps, bumpers, and vehicle emblem. To reduce the weight of the vehicle, the fascia is made of lightweight material most preferably plastic. It is estimated that a 10% reduction in vehicle weight will result in a nearly 7% reduction in fuel consumption.
Based on the position type, the front fascia segment is going to have lucrative growth during the forecast period owing to its uses in passenger and commercial vehicles, the increasing sales of passenger cars and the rising sales of vehicles in developing and developed key regions. By geography, Europe is going to have high growth during the forecast period owing to the presence of dominant key players present in this region, rising sales of commercial vehicles in developed countries for adventurous activities and transportation.
Some of the key players profiled in the Automotive Fascia Market include SANKO GOSEI, Plastic Omnium, MRC Manufacturing, Gestamp, FLEX-N-GATE CORPORATION, Eakas Corporation, Dongfeng Electronic Technology Co., Ltd. (DETC) and Magna International Inc.
Estimated Market Size in 2020:
USD 13.73 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 25.55 billion
Tables, Graphs& Figures
Position Type, Vehicle Type, Product, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Position Types Covered:
• Rear Fascia
• Front Fascia
Vehicle Types Covered:
• Commercial Vehicles
• Passenger Cars
• Plastic Covered Aluminum
• Steel and Aluminum
• Plastic Covered Styrofoam
End Users Covered:
• Original Equipment Manufacturer (OEM)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Automotive Fascia Market is majorly driven by increasing sales of vehicles, rise in demand for advanced features, increase in automation and rising demand for lightweight vehicles.
The front fascia segment is growing at a highest CAGR due to the increasing sales of passenger cars, its uses in passenger and commercial vehicles, and the rising sales of vehicles in developing and developed key regions.
Europe dominated with a significant market share due to the presence of reputed automotive manufacturers in the region and rising sales of commercial vehicles in developed countries for adventurous activities and transportation.
Asia Pacific region is growing at a highest CAGR owing to emerging economies in this region. China, Japan, and India are major producers and consumers of passenger vehicles across the globe.
Key players in Automotive Fascia Market include SANKO GOSEI, Plastic Omnium, MRC Manufacturing, Gestamp, FLEX-N-GATE CORPORATION, Eakas Corporation, Dongfeng Electronic Technology Co., Ltd. (DETC) and Magna International Inc.
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