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Automotive Chrome Accessories Market Forecast will Surpass US$ 9,539 Mn by 2022
The global automotive chrome accessories market is slated to touch a value of nearly US$ 9,539 Mn in the year 2022 and grow at a sluggish CAGR during the assessment period.
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4 Forecast Highlights on Global Automotive Chrome Accessories Market
As per the forecast from Fact.MR, the grille covers automotive chrome accessories segment is slated to touch a value of nearly US$ 1,676 Mn in the year 2022. This represents a moderate CAGR growth during the assessment period of 2017-2022. The grille covers automotive chrome accessories segment is estimated to account for nearly one-fifth of the revenue share of the product type segment by the year 2017 end and is expected to gain in market share by the year 2022 end.
As per the forecast of Fact.MR, the aftermarket automotive chrome accessories segment will reach a value of nearly US$ 5,175 Mn in the year 2017. This represents a sluggish CAGR growth during the forecast period. The aftermarket automotive chrome accessories segment is estimated to account for nearly two-third of the revenue share of the sales channel segment in the year 2017 end and is expected to lose market share by the end of the year 2022.
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As per the forecast of Fact.MR, the compact passenger cars segment is slated to reach a value of nearly US$ 2,771 Mn in 2022. The compact passenger cars segment is expected to gain some market value by the end of the year 2022. The largest share is contributed by the Europe region in the compact passenger cars segment.
Fact.MR forecasts the Germany automotive chrome accessories market to grow from nearly US$ 843 Mn in 2017 to nearly US$ 924 Mn in 2022. This represents a compound annual growth rate (CAGR) of 1.8% from 2017 to 2022.
The report has also profiled leading players in the global market for automotive chrome accessories, which will remain active through 2022. These include companies such as Lund International, Inc., HELLA KGaA Hueck & Co, Fratelli Menabo' Srl, Covercraft Industries, Pep Boys - Manny, Moe & Jack, Thule Group AB, U.S. Auto Parts Network, Inc., Oakmore Pty Ltd, LLC, Mont Blanc Industri AB and O'Reilly Automotive, Inc.
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