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.

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Some of the Major Companies in the Automotive Fascia Market Include:

Dongfeng Electronic Technology Co., Ltd.
MRC Manufacturing
Eakas Corporation
FLEX-N-GATE CORPORATION
Magna International Inc.,
SANKO GOSEI
Plastic Omnium
Gestamp
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.

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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.

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)
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