The global Exterior Car Accessories market is estimated to account for US$ 314,392.8 million by 2027
Summary of the Report
Global Exterior Car Accessories Market, By Product Type (License Plate Frames, Body Kits, LED Lights, Graphics & Reflectors, Racks, Exhaust Mufflers, Alloy Wheels, Covers, Chrome Accessories, Window Films), By Vehicle Type (Mid-Size PC, Premium PC, Compact PC, Luxury PC, Pickup Trucks), By Channel Type (OEM and Aftermarket), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027
Exterior car accessories are used to enhance the overall appearance of the vehicle. This may include plastic car door guard, rear mudguard, front mudguard, bumper guard, stickers, decals, wraps, tire inflators, and spoiler, among others. Engine splash shields, bonnets, fenders, and bumpers are some other important exterior parts of the automobile. Exterior car accessories are additions made to the exterior of a vehicle to enhance its overall appearance and functionality. Car exterior accessories such as exhaust nozzles, car door visors, car mudflap, led DRL lights, car wiper, bumper reflectors, and many others are used to upgrade and/or customize the vehicle. Therefore, with the increasing popularity of vehicle customization, the demand for exterior car accessories is also increasing worldwide.
Major players operating in the global exterior car accessories market are Pep Boys, Covercraft Industries, LLC, O’Reilly Auto Parts, H.I Motors CAR MATE MFG. CO., LTD, Classic Soft Trim, Star Automotive Accessories, Momo Srl., Lund International, Inc., Mont Blanc Industri AB, Oakmore Pty Ltd., F.LLI MENABÒ SRL, HELLA KGaA Hueck & Co., Thule Group, U.S. Auto Parts Network, Inc., and Truck Covers USA LLC, among others.
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Key Market Drivers:
Increasing automotive fleet and rising expenditure on exterior accessories is expected to fuel the growth of the exterior car accessories market during the forecast period. Consumers spend on various exterior car accessories to enhance the overall appearance of the vehicle. According to India Brand Equity Foundation (IBEF), in 2020, India was the fifth-largest auto market, with ~3.49 million units combined sold in the passenger and commercial vehicles categories.
Moreover, increasing demand of customized vehicles and introduction of novel exterior car accessories is expected to drive growth of the exterior car accessories market. For instance, in September 2021, Hyundai Motor India announced the launch of a wide range of Hyundai i20 N Line accessories. The accessories for the i20 N Line will be made available in two packages – Athletic Package and Flamboyant Package.
Geographically, the report examines production, consumption, revenue, market share, growth rate, and forecasts for the following regions:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
The Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)
COVID-19 Impact Analysis:
The pandemic has had a swift and severe impact on the globally integrated automotive industry. Symptoms include a disruption in Chinese parts exports, closure of assembly plants, and large scale manufacturing interruptions. This is placing intense pressure on industry. The pandemic has had a potential impact on the light-vehicle aftermarket, encompassing parts and accessories sales. The automotive and mobility industries have certainly been among the hardest hit during the COVID-19 pandemic. However, the industry is recovering faster and is expected to have a positive impact on the growth of the car accessories market, as the demand for car accessories is now increasing with a rapid pace.
Some of the important questions answered in this report include:
What are the top five Exterior Car Accessories Market players?
What will the Exterior Car Accessories Market look like in the following years?
Which product and application will dominate the Exterior Car Accessories Market?
What are the Exterior Car Accessories Market’s drivers and restraints?
Which regional market will represent the highest growth?
What will be the CAGR and market size of the Exterior Car Accessories Market over the forecast period?
What is the present market size, what will it be in 2029, and what will be the growth rate?
What are the constraints to market growth?
What market opportunities and risks do the key companies face?
Who are the main competitors, and what is their strategic approach?
What are the market’s entry challenges for new players?
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Detailed TOC of Exterior Car Accessories Market Forecast Report:
1 Exterior Car Accessories Market Overview
1.1 Product Overview and Scope of Exterior Car Accessories Market
1.2 Segment by Type
1.3 Global Segment by Application
1.4 Global Market, Region Wise (2017-2022)
1.5 Global Market Size of Exterior Car Accessories Market (2017-2029)
2 Global Exterior Car Accessories Market Landscape by Player
2.1 Global Exterior Car Accessories Market Sales and Share by Player (2017-2022)
2.2 Global Revenue and Market Share by Player (2017-2022)
2.3 Global Average Price by Player (2017-2022)
2.4 Global Gross Margin by Player (2017-2022)
2.5 Manufacturing Base Distribution, Sales Area and Product Type by Player
2.6 Market Competitive Situation and Trends
3 Exterior Car Accessories Market Upstream and Downstream Analysis
3.1 Industrial Chain Analysis
3.2 Key Raw Materials Suppliers and Price Analysis
3.3 Key Raw Materials Supply and Demand Analysis
3.4 Manufacturing Process Analysis
3.5 Market Concentration Rate of Raw Materials
3.6 Downstream Buyers
3.7 Value Chain Status Under COVID-19
Market Scale and Segment Analysis:
Global Exterior Car Accessories Market, By Product Type:
- License Plate Frames
- Body Kits
- LED Lights
- Graphics & Reflectors
- Exhaust Mufflers
- Alloy Wheels
- Chrome Accessories
- Window Films
- Global Exterior Car Accessories Market, By Vehicle Type:
- Mid-Size PC
- Premium PC
- Compact PC
- Luxury PC
- Pickup Trucks
- Global Exterior Car Accessories Market, By Channel Type:
- Global Exterior Car Accessories Market, By Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Company Profiles
- Thule Group
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Truck Covers USA LLC
- HELLA KGaA Hueck & Co.
- F.LLI MENABÒ SRL
- Oakmore Pty Ltd.
- Mont Blanc Industri AB
- Lund International, Inc.
- Momo Srl.
- Covercraft Industries, LLC
- Star Automotive Accessories
- Classic Soft Trim
- H.I Motors CAR MATE MFG. CO., LTD
- O’Reilly Auto Parts
- Pep Boys
- U.S. Auto Parts Network, Inc.
- Thule Group
- The exterior car accessories market is expected to exhibit a CAGR of XX % during the forecast period owing to the increasing demand for car accessories and availability of car accessories on online platforms. For instance, in April 2021, Carluxxe Outfitters announced the launch of their new website to bring accessories closer to car buffs. Carluxxe Outfitters seeks to provide the best possible shopping experience to people looking to give their cars and trucks the best form of treatment to meet their vehicle needs.
- Among regions, North America and Asia Pacific are expected to witness robust growth in the exterior car accessories market due to rapidly growing automotive industry, increasing automotive fleet, and availability of car accessories on e-commerce platforms. For instance, according to the International Trade Administration, Mexico is the sixth-largest passenger vehicle manufacturer, producing around 3 million vehicles annually. Moreover, over 89% of vehicles produced in Mexico are exported, with 80% destined for the United States.
- Moreover, in March 2021, Amazon launched a sale on cars and bike accessories, offering up to 75% off on car mats, tyre inflators, jumper cables, and much more.
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