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Exterior Car Accessories Market | Global Share, Size, Investment Analysis & Trends
Exterior Car Accessories
The Top Companies in The Exterior Car Accessories Market Are: Oakmore Pvt Ltd, Car Mate Manufacturing Co. Ltd., Lund International, Inc., Truck Covers Usa Llc, Lloyd Mats, Pep Boys, Thule Group, U.S. Auto Parts Network, Inc., Covercraft Industries Llc, and Mont Blac Industri Ab.
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Segment Analysis:
The market for North America is expected to be valued at around US$ 64.06 billion by 2026, witnessing a CAGR of 7.4% throughout the forecast period (2018 - 2026). The key factor propelling regional market growth is increasing passenger car sales. The U.S. accounted for largest share in North America passenger car sales in 2017.
The market for Asia Pacific is expected to witness highest CAGR over the forecast period from 2018 to 2026. The market for exterior car accessories in Asia Pacific is expected to be valued around US$ 55.30 billion by 2026. Increasing demand for passenger car in Asia Pacific region is expected to provide growth opportunities to numerous local and international Exterior Car Accessories vendors in the automotive sector.
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Market Driver:
Rampant growth of vehicle sales across the globe is major factor propelling demand for exterior car accessories. For instance, according to International Organization of Motor Vehicle Manufacturers statistics (OICA), the total number of vehicles sold in 2016, were 94 million units, which increased to 96 million units in 2017, worldwide.
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