Exterior Car Accessories Market: global industry size, share, future challenges, revenue, demand, industry growth and top players analysis to 2017-2024

The global market for exterior car accessories is likely to see a robust growth during 2017-2024. The global market is also projected to bring in more than US$ 253,000 Million revenue by the end of 2024.

This report provides in depth study of "Exterior Car Accessories Market" using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Exterior Car Accessories Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

Increase in the sales of cars globally and growing interest in the concept of vehicle customization are driving the global exterior car accessories market. However, the latest trend of car customization is likely to remain one of the key factors in the growing demand for exterior car accessories. Need for speed and performance is also pushing the market for car accessories that support high performance. The most common exterior car accessories include mud guard, car wrap, taillight, reflectors, window films, fog lamp covers, sun roof, license plate cover, LED lights, bugflectors, decals, and others. Car owners are also moving towards personalization trend to enhance the look and overall style of the car.

To remain 'ahead' of your competitors, request for a Sample@ https://www.persistencemarketresearch.com/samples/11845

The biggest challenge in the global market for exterior car accessories is the availability of counterfeit products that are sold at relatively low cost. These products are designed in such a way that it becomes difficult to differentiate between original and counterfeit product. However, regulatory bodies are introducing some guidelines that can help in differentiating between the counterfeit and original accessories for cars. Cost competitiveness is also likely to hamper the growth of the market in the near future. Meanwhile, the automotive industry is constantly coming up with innovative technologies such as smart lighting technology, active window display, biometric access, etc.

For critical insights on this market, request for customization here @ https://www.persistencemarketresearch.com/request-customization/11845

LED Lights to Gain Maximum Traction in the Global Market for Exterior Car Accessories
On the basis of product type, LED lights are likely to emerge as one of the most preferred exterior car accessory during 2017-2024. LED lights are estimated to surpass US$ 76,000 Million revenue. Meanwhile, body kits are also expected to witness substantial growth during the forecast period.

Based on the vehicle type, passenger cars are likely to emerge as the largest users of exterior car accessories during 2017-2024. Passenger cars are projected to be valued at more than US$ 191,000 Million revenue towards the end of 2024.

By the distribution channel, sales of exterior car accessories are likely to be highest through aftermarket distribution channel. By the end of 2024, aftermarket distribution channel is estimated to surpass US$ 182,000 Million revenue.

Europe to Dominate the Global Exterior Car Accessories Market
Europe is likely to remain dominant in the global market for exterior car accessories during 2017-2024. Europe is anticipated to exceed US$ 102,000 Million in terms of revenue. Countries in Europe such as Germany and U.K. are the major countries in the automotive industry. With increasing production and demand for cars in Europe, the market for exterior car accessories is also witnessing a growth. Meanwhile, increasing demand for car modification in North America is also likely to boost the global market for exterior car accessories in the region.

For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/11845

Leading Companies in the Global Exterior Car Accessories Market
Thule Group, Oakmore Pty Ltd., HELLA KGaA Hueck & Co., Covercraft Industries, LLC, CAR MATE MFG.CO., LTD., U.S. Auto Parts Network, Inc., O'Reilly Auto Parts, Star Automotive Accessories, Truck Covers USA LLC, Mont Blanc Industri AB, and Classic Soft Trim, are some of the companies in the global market for exterior car accessories.

Related Reports:
• Smart Bicycle Accessories Market
https://www.persistencemarketresearch.com/market-research/smart-bicycle-accessories-market.asp
According to the latest study by Persistence Market Research (PMR), the smart bicycle accessories market will grow at ~8% year-over-year to cross the one billion mark in 2019.

• Two Wheeler Accessories Market
https://www.persistencemarketresearch.com/market-research/two-wheeler-accessories-market.asp
Two Wheeler Accessories Market is estimated to witness a healthy CAGR of 6.1% from 2018 to 2026. In 2017, the market was worth US$ 8,857.1 Mn and is projected to rise to a valuation of US$ 14,844.9 Mn by the end of 2026.

Contact Us:
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com

About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.