Press release
Global Exterior car accessories Market : Present Scenario and the Growth Prospects with Forecast 2027
Exterior car accessories have products related to car products that enhance the look of the car. There are various parts installed in outdoor car parts such as stainless steel car bumper guard, plastic car guard, rear mud, front mud, tire inserts, decals and stickers, wraps, etc. The global automotive parts market focuses on five regions namely North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
The Global Exterior Car Accessories Market size is expected to reach USD 19330 million by 2025, from USD 16720 million in 2019, to the CAGR of 3.7% During the year 2021-2025.
The automotive industry has seen tremendous growth in the past despite the economic crisis. According to Coherent Market Insights ’analysis, the global automotive industry is expected to reach US $ 87.6 billion by 2020. This increase is due to increased sales of passenger cars and trucks in the country. Therefore, these factors are expected to stimulate the export growth of automotive accessories in the near future.
Major Progress
Large companies in the market are focused on product development, in order to gain competitive edge in the market. For example, in July 2018, Thule Group launched its next generation of roofing Thule Evo System.
Key market players are involved in the acquisition and acquisition activities, in order to strengthen the market position. For example, in August 2018, Covercraft Industries acquired Marathon Seat Covers, which produces premium seat covers.
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Major players working in the global Global exterior car accessories Market Include : Thule Group, 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, and U.S. Auto Parts Network, Inc.
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Key Points for Geographical Analysis:
Details and data related to usage level in each region
Moderate increase in consumption rate
Expected growth rate of regional markets
Forward growth of market share in each region
Geographical contribution to market capitalization
The report answers questions such as:
1. What is the market size and forecast of the Global Global exterior car accessories Market?
2. What factors hinder the impact of COVID-19 in shaping the Global Global exterior car accessories Market during the forecast period?
3. What products / components / applications / areas should you invest in the forecast period in the Global Global exterior car accessories Market?
4. What is the competitive window for opportunities in the Global Global exterior car accessories Market?
5. What are the technical and regulatory trends in the Global Global exterior car accessories Market?
6. What is the market share of the leading retailers in the Global Global exterior car accessories Market?
7. What methods and strategies are considered appropriate to enter the Global Global exterior car accessories Market?
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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