Door trim panel has gone through a substantial evolution since its inception. From being assembled by hand in the earlier days to being integrated into the robotic manufacturing line for mass production, the manufacturing process as well as the design language for door trim panels has changed tremendously from the yesteryears. The same holds true for the allocation of materials for door trim panel production, driven by a number of factors which will be discussed at length during the course of this report. However, some of the common reasons for this shift include weight saving efforts by OEMs as well as the consumer preference shift towards a more luxurious cabin that offers premium materials and features. While developing a feature rich door trim panel is the need-of-the-hour, it also presents a potential headwind for the suppliers in order to deliver on multiple parameters. The increasing use of technology enabled features on the door trim panels possess a challenge for suppliers to deliver a product that is not only technology rich but also scores well on factors such as insulation, crash-safety protection, comfort, acoustic performance in addition to keeping the vehicle weight intact.
Although specialized and feature-driven door trim panel designs are mostly a part of the luxury vehicles of today, it is the volume segments that are driving demand for door trim panel installation. When analyzed at a global scale, volume segments, including the C-, B-, and D-segments, seem to be driving demand for door trim panel installation. We can expect global demand for door trim panels to grow at a CAGR of 1.8% during 2018–24.
The global door trim panel market remains highly concentrated with no supplier managing to secure a lion’s share in supplying volumes globally. So much so that in 2018 there is only one supplier that has managed to secure a double-digit percentage share of the global door trim panel supply volume, while the rest of the suppliers are well under the single-digit-bracket share. The top-five suppliers, Yanfeng, Faurecia, Toyota Boshoku, Grupo Antolin and Seoyon E-Hwa, managed to occupy around 47% of the global door trim panel installation volumes in 2018.
The report will answer the following questions:
The report will offer insight on the following points about the global door trim panel market:
Sector definition and segmentation
Market trends and key drivers
Technology analysis & outlook
Challenges and roadblocks
OEM Supplier landscape
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