Press release
Automotive Chrome Trim Products Market to Grow at a Moderate CAGR of 2.2% through 2022 - States Fact.MR
Vehicle aesthetics have been of paramount importance among drivers based in developed economies over the years.Developing economies, which are the automotive production and sales hubs, are also witnessing significant vehicle premiumization and growing demand for automotive luxury in the recent years.
To get in-depth information view the report - https://www.factmr.com/report/141/automotive-chrome-accessories-market
Supported by a rapidly trending wave of vehicle customization, the demand for external and internal automotive accessories is expected to observe a steady growth trajectory in years ahead.
However, chrome plated accessories will possibly witness sluggish progress during the next five years, according to a new study published by Fact.MR.
The report intelligence on global automotive chrome accessories reveals that during the course of assessment i.e. 2017-2022, the global automotive chrome accessories market revenue will see passive growth at below 3% CAGR.
The roughly US$ 8 Bn automotive chrome accessories market is poised to face a longstanding challenging scenario through 2022 and ahead, prominently owing to scarce chrome ore supply and health concerns regarding the use of hexavalent chromium in plating.
A majority of automakers and players competing in the global automotive chrome accessories are thus strategizing a shift towards a wide range of available alternatives to chrome plating such as plating with nickel and nickel alloys, media-blasting, bare metal and powder coating, ABS plastic, and decorative plating.
To Know the COVID-19 Impact on Europe Region, Request for Sample - https://www.factmr.com/connectus/sample?flag=S&rep_id=141
However, some leading automobile manufacturers are still innovating the use of automotive chrome accessories in their recent and upcoming launches - the latest example of this innovation includes Mahindra’s Marazzo.
Sustained sales of performance enhancing car accessories and steadily thriving demand for pickup trucks are pushing the sales of automotive chrome accessories markets in developed regions – especially the US and UK.
On the other side, a slew of favoring factors are likely to fillip the automotive chrome accessories markets in emerging economies. Steadily growing passenger car and two-wheeler production in emerging Asian markets will play a pivotal role in forestalling the declining curve of automotive chrome accessories market.
Moreover, relatively affordable product replacement rates, and better installation and sales margins will contribute a decent share in the growth of automotive chrome accessories market in Asian economies.
The report forecasts that China, India, Malaysia, and Thailand will remain prominent performers in APEJ market for automotive chrome accessories, exhibiting around 3% CAGR over 2017-2022.
Share Your Requirements & Get Customized Reports - https://www.factmr.com/connectus/sample?flag=RC&rep_id=141
As indicated by the global automotive chrome accessories market report by Fact.MR, automotive chrome accessories will remain a preferred choice for plating among passenger vehicle manufacturers over the forecast period.
Although the growth of automotive chrome accessories sale is poised to not exceed the CAGR 2.5% over 2017-2022 in premium as well as med-sized passenger cars (PCs), it is anticipated that compact and luxury PCs will demonstrate relatively higher CAGR values of over 3% through 2022.
Product type assessment concludes that body side mouldings, door handle covers, and grille covers will remain the top selling automotive chrome accessories in the market towards 2022 end.
Door handle cover sales are poised to witness relatively faster expansion at a CAGR of over 3.5% during 2017-2022.
The Fact.MR forecast further elaborates on the performance of automotive chrome accessories market in two key types of sales channels, viz. OEM and aftermarket.
While aftermarket sales - predominantly driven by online retail - will reach the valuation in excess of US$ 5.5 Bn by 2022 end, OEMs are foreseen to witness a higher CAGR during the course of assessment.
Endorsement of chrome plated vehicle embellishments by some of the luxury automakers such as Audi, BMW, and Bentley is expected to remain an impactful factor uplifting the automotive chrome accessories market.
Buy Now for Exclusive Analyst Support - https://www.factmr.com/checkout/141/S
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Visit Our Website - https://www.factmr.com/
Content Source -https://www.factmr.com/media-release/644/global-automotive-chrome-accessories-market
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Chrome Trim Products Market to Grow at a Moderate CAGR of 2.2% through 2022 - States Fact.MR here
News-ID: 2271077 • Views: …
More Releases from Fact.MR
Fine Blanking Tools Market Projected to Reach USD 1.43 Billion by 2035 | U.S. CA …
The global Fine Blanking Tools Market is set for steady growth over the next decade, driven by rising demand for high-precision components, ongoing industrial automation, and surging requirements from automotive, electronics, and aerospace sectors. According to a recent forecast, the market is expected to grow from approximately USD 948.1 million in 2025 to USD 1,430.6 million by 2035, at a compound annual growth rate (CAGR) of about 4.2 % between…
Benzodiazepine Drugs Market is Expanding USD 5.4 billion by 2035 | Pfizer Inc.; …
The global benzodiazepine drugs market is projected to expand in the coming decade, driven by growing incidence of anxiety, insomnia, alcohol-withdrawal disorders, and advances in pharmaceutical formulations. According to a recent Fact.MR report, the market was valued at approximately USD 2.35 billion in 2022, and is expected to grow at a compound annual growth rate (CAGR) of 2.8% to reach USD 3.1 billion by 2032.
Market Drivers & Outlook
The demand for…
Ultrasound Systems Market to Surge to Nearly USD 20 Billion by 2035, Led by Adva …
The global Ultrasound Systems Market is on a strong growth trajectory, projected to rise from USD 10.8 billion in 2025 to approximately USD 19.7 billion by 2035, expanding at a CAGR of 6.2% during the forecast period. This growth is fueled by the rising demand for non-invasive diagnostic imaging, the increasing prevalence of chronic diseases, expanding healthcare infrastructure, and continuous technological innovations such as AI integration and portable imaging systems.
Key…
Surgical Staplers Market Is Forecasted To Reach USD 6.0 Billion In 2025 | Ethico …
The global Surgical Staplers Market is forecast to show strong growth over the next decade, nearly doubling in value as demand surges for efficient, reliable wound closure in advanced surgical procedures. According to the latest Fact.MR Surgical Staplers Market Size & Share Forecast Outlook 2025-2035 report, the market is expected to grow from USD 6.0 billion in 2025 to USD 12.5 billion by 2035, at a compound annual growth rate…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…
