Press release
Automotive Exterior Accessory Market Set to Reach $727.5 Billion by 2034, with a CAGR of 7.9%
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Market Dynamics
The automotive exterior accessory market is primarily driven by the increasing consumer demand for customization and personalization of their vehicles. Consumers are looking to differentiate their vehicles from others on the road and express their individuality through unique accessories. Additionally, the rising popularity of SUVs and trucks has contributed to the growth of this market, as these vehicles offer more space for installing exterior accessories.
Moreover, advancements in technology have led to the development of innovative exterior accessories, such as LED lights, smart mirrors, and camera systems, which enhance the safety and convenience of driving. These factors are expected to drive the growth of the automotive exterior accessory market in the coming years.
Market Future Outlook
The automotive exterior accessory market (자동차 외장 액세서리 시장) is expected to witness significant growth in the forecast period, fueled by increasing consumer spending on vehicle customization and the introduction of new and innovative products. The market is also likely to benefit from the growing trend of off-road adventures and outdoor activities, which require specialized accessories for vehicles.
Market Insights
Key trends in the automotive exterior accessory market include the growing demand for environmentally friendly accessories, such as solar-powered lights and eco-friendly materials for body kits. Additionally, manufacturers are focusing on developing accessories that are easy to install and remove, allowing consumers to change their vehicle's appearance according to their preferences.
Key Players
Curt Manufacturing LLC
Car Mate Mfg. Co., Ltd.
Go Rhino
Hol-Mac Corporation
Steelcraft
Mont Blanc Industri AB
Owens Products
Westin Automotive
N-Fab Inc.
Dee Zee Inc
Lund International
Competitive Landscape
To enhance control over their supply chains, industry players like Husky Liners Inc. and Curt Manufacturing LLC have launched their own e-commerce platforms. According to the Organization Internationale des Constructeurs d'Automobiles (OICA), global sales of passenger cars reached 57.4 million units in 2022. The rising demand for passenger cars has led to an aging fleet, resulting in higher demand for component replacements and maintenance.
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Segmentation of Automotive Exterior Accessory Market (marché des accessoires extérieurs automobiles) Research
By Product Type :
Covers
Front Guards
Racks
Body Kits
Window Films
By Vehicle Type :
Passenger Cars
LCVs
HCVs
Sales Channel :
Online
Offline
By Region :
North America
Europe
Latin America
East Asia
South Asia & Oceania
Middle East & Africa
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