openPR Logo
Press release

Automotive Chrome Trim Products Market to Grow at a Moderate CAGR of 2.2% through 2022 - States Fact.MR

04-15-2021 06:55 PM CET | Tourism, Cars, Traffic

Press release from: 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: 285

More Releases from Fact.MR

Thrive In Food & Beverages Industry Is Expected To Boost Sales Growth Of Commerc …
A commercial mixer used as an essential piece of equipment in any restaurant, pizzeria, bakery, or other establishments that makes dough and batter, leaving the contents perfectly mixed and aerated. The busy and hectic lifestyle urges the need to have commercial mixers like equipments; owing to a commercial mixer is the flawless machine for swiftly mixing batches of batter or dough easily. To get in-depth information view the report – https://www.factmr.com/report/4901/commercial-mixers-market The
Expansion In Bakery Industry Is Expected To Triggers Market Sales Growth Of ADA …
The report analyzes incredible industry-related details that have a significant impact on growth. The report closely tracks the growth hot-spots of the global ADA Substitute market over the forecast period 2019 to 2029 The report begins with a brief presentation and overview of the ADA Substitute market, about the current market landscape, market trends, major market players, product type, application, and region. To get in-depth information view the report – https://www.factmr.com/report/4236/ada-substitute-market It
Global Aseptic Carton Bottles Market Is Projected To Generate Higher Sales Reven …
The report analyzes incredible industry-related details that have a significant impact on growth. The report closely tracks the growth hot-spots of the global Aseptic Carton Bottles market over the forecast period 2018 to 2028 The report begins with a brief presentation and overview of the Aseptic Carton Bottles market, about the current market landscape, market trends, major market players, product type, application, and region. To get in-depth information view the report
Advancement In Oil & Gas Industry is Likely To Boost Deflagration Flame Arrester …
The development in energy generation and oil & gas sectors has prompted the higher reception of equipment, for example, deflagration flame arresters, whose proposed capacity is to permit flow, however, keep the transmission of flame from either explosion or deflagration. A deflagration flame arresters are relied upon to develop as an essential gadget sooner and are required to be utilized in different applications such as pharmaceuticals, mining, and others. Distinctive

All 5 Releases


More Releases for CAGR

Catalase Market : Research Observes Strong CAGR Development
The "Global Catalase Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Catalase Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Catalase Market report, titled Catalase Market, is expansive research
Citicoline Market | CAGR of 14.4%
The global Citicoline Market 2020 Report provides fine intelligence that helps market players to compete well against the tough competition on the basis of growth, sales and other various important factors. The research report lays stress on key growth opportunities and market trends apart from important market dynamics including market drivers and challenges. With the help of this report, involved parties can equip themselves to adapt along with the changes
Footwear Market : Research Observes Strong CAGR Development
The "Global Footwear Market Set for Rapid Growth, to Reach Around USD 320.44 Billion by 2023", report intends to offer a resourceful means to assess the Footwear Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Footwear Market report, titled Footwear Market, is expansive research
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020