Exterior Car Accessories Market Report, by Product Type (Racks, Led Lights, Body Kits, Chrome Accessories, Covers, Alloy Wheels, Window Films, and Others), by Vehicle Type (Passenger Cars, Light commercial vehicles and Heavy commercial vehicles), by Sales Channel (Original Equipment Manufacturer (OEM) and Aftermarket), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Global Forecast to 2026

  • Published On : Jun 2018 |
  • Pages : 150 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Exterior Car Accessories Market

Exterior car accessories consist of products associated with automotive parts, which is responsible for enhancing the appearance of a vehicle. These exterior car accessories includes racks, led lights, body kits, chrome accessories, covers, alloy wheels, window films, and others.

Market Driver:

Rampant growth of vehicle sales across the globe is major factor propelling demand for exterior car accessories. For instance, according to International Organization of Motor Vehicle Manufacturers statistics (OICA), the total number of vehicles sold in 2016, were 94 million units, which increased to 96 million units in 2017, worldwide. This growth is attributed to rapid urbanization and industrialization in various emerging economies such as India and China, where increasing GDP is supporting growing urbanization. For instance, according to the World Bank Group, GDP per capita has increased globally from US$ 9509.4 in 2010, to US$ 10,150.8 in 2016, indicating increased standard of living, which has significantly impacted affordability and expenditure on luxury vehicles. Hence, this factor is propelling the demand for exterior car accessories market.

LED lighting segment accounted for largest market share in 2017

Among product type, LED lights market segment is expected to account for the largest market share by 2026. The LED Lighting segment is expected to be valued around US$ 89.80 billion by 2026. Technological advancement in lighting industry coupled with rampant product invention is driving growth of the market, owing to drastic transformation in semiconductor industry and evolution of light bulbs from incandescent bulbs to LEDs, leading to introduction of smart and intelligent lighting systems.

Furthermore, increasing demand for green technologies is fueling growth of the LED lights segment. LED lighting systems consume around 50% less energy to generate an equivalent light intensity emitted by Compact Fluorescent Lamps (CFL) and Cold Cathode Fluorescent Lamps (CCFL). According to Coherent Market Insights analysis, this reduced energy consumption directly converts into a reduction of over 700 million tons of carbon dioxide emissions annually. By observing the current market trend, LEDs are estimated to completely replace CFLs and CCFLs in the near future.

Passenger cars segment is expected to hold largest market share by 2026

Among vehicle types, passenger cars segment accounted for the largest share in the global exterior car accessories market in 2016. For instance, according to The Organisation Internationale des Constructeurs d'Automobiles (OICA), in 2016, total number vehicle manufactured globally was 94 million units, among them 72 million units were passenger cars produced in 2016, which is almost 75% of the global vehicle production. Therefore, increasing vehicle production is leading to high demand for exterior car accessories market worldwide. The passenger car segment is expected to be valued around US$ 210.26 billion by 2026.

Figure: Global Exterior Car Accessories Market Value (US$ billion) by Segments, 2026

SOURCE: COHERENT MARKET INSIGHTS ANALYSIS, 2018



North America exterior car accessories market is expected to grow at highest CAGR over the forecast period

The market for North America is expected to show significant growth rate over the forecast period (2018 -2026). The market for North America is expected to be valued at around US$ 64.06 billion by 2026, witnessing a CAGR of 7.4% throughout the forecast period (2018 – 2026). The key factor propelling regional market growth is increasing passenger car sales. The U.S. accounted for largest share in North America passenger car sales in 2017. According to Organization Internationale des Constructeurs d'Automobiles (OICA), in 2017, around 11 million units of passenger cars were sold, among which in the U.S. around 6 million units of passenger cars were sold. Hence, increasing adoption of passenger cars in this country is propelling demand for regional exterior car accessories market.

The market for Asia Pacific is expected to witness highest CAGR over the forecast period from 2018 to 2026. The market for exterior car accessories in Asia Pacific is expected to be valued around US$ 55.30 billion by 2026. Increasing demand for passenger car in Asia Pacific region is expected to provide growth opportunities to numerous local and international Exterior Car Accessories vendors in the automotive sector. China accounted for largest share in passenger cars sales in Asia Pacific region in 2017. According to OICA, in 2017, around 29 million units of passenger cars were sold, up from 28 million units in 2016.

Key companies

Major players operating in the global exterior car accessories market include Oakmore Pty Ltd, Car Mate Manufacturing Co. Ltd., Lund International, Inc., Truck Covers Usa Llc, Lloyd Mats, Pep Boys, Thule Group, U.S. Auto Parts Network, Inc., Covercraft Industries Llc, and Mont Blac Industri Ab.

Exterior car accessories is primarily concerned with developing the visual appearance or aesthetics of the vehicle. Advanced exterior car components enable the consumer to upgrade their cars with advanced features.

Market Dynamics

Initial high cost of advanced exterior accessories is one of the major factor hindering the global market growth. For instance, the price for LED lights per lumen is more expensive than conventional lights. Moreover, LED light’s performance largely depends on correctly engineering the fixture to manage the heat generated by the LED, which causes deterioration of the LED chip itself. LED lights may cause overheating, which is eventually leads to device failure. Hence, to maintain life of LED lights as well as the device, an additional heat-sink is required. Therefore, consumers need to spend extra along with lighting cost, which is making these automotive LED lighting more expensive, in turn negatively affecting growth of the market.

Key features of the study:

  • This report provides in-depth analysis of exterior car accessories market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2018– 2025), considering 2017 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global exterior car accessories market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, Exterior Car Accessories market capital, key developments, strategies, and future plans
  • Companies covered as part of this study include Oakmore Pty Ltd, Car Mate Manufacturing Co. Ltd., Lund International, Inc., Truck Covers Usa Llc, Lloyd Mats, Pep Boys, Thule Group, U.S. Auto Parts Network, Inc., Covercraft Industries Llc, and Mont Blac Industri Ab.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
  • The global exterior car accessories market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the global exterior car accessories market

Detailed Segmentation:

  • Global Exterior Car Accessories Market, By Product Type:
    • Racks
    • Led Lights
    • Body Kits
    • Chrome Accessories
    • Covers
    • Alloy Wheels
    • Window Films
    • Others
  • Global Exterior Car Accessories Market, By Vehicle Type:
    • Passenger Car
    • Light Commercial Vehicle
    • Heavy Commercial Vehicle
  • Global Exterior Car Accessories Market, By Sales Channel:
    • OEM
    • Aftermarket
  • Global Exterior Car Accessories Market, By Geography:
    • North America
      • By Product Type
      • By Vehicle Type
      • By Sales Channel
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Product Type
      • By Vehicle Type
      • By Sales Channel
      • By Country:
        • Germany
        • UK
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type
      • By Vehicle Type
      • By Sales Channel
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Latin America
      • By Product Type
      • By Vehicle Type
      • By Sales Channel
      • By Country:
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East
      • By Product Type
      • By Vehicle Type
      • By Sales Channel
      • By Country:
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type
      • By Vehicle Type
      • By Sales Channel
      • By Country:
        • Northern Africa
        • Central Africa
        • South Africa
  • Company Profiles
    • Oakmore Pty Ltd*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
    • Recent Developments/ Updates
    • Car Mate Manufacturing Co. Ltd.
    • Lund International, Inc.
    • Truck Covers Usa Llc
    • Lloyd Mats
    • Pep Boys
    • Thule Group
    • U.S. Auto Parts Network, Inc.
    • Covercraft Industries Llc
    • Mont Blac Industri Ab

*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Technology
      • Market Snippet, By Disease Indication
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
    • Value Chain Analysis
    • Porter’s Analysis
    • PEST Analysis
  4. Global Exterior Car Accessories Market, By Product Type, 2016–2026 (US$ Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Segment Trends
    • Racks
      • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
    • LED Lights
      • Introduction 
      • Market Share Analysis, 2016 and 2025 (%)
    • Body Kits
      • Introduction 
      • Market Share Analysis, 2016 and 2025 (%)
    • Chrome Accessories
      • Introduction 
      • Market Share Analysis, 2016 and 2025 (%)
    • Covers
      • Introduction 
      • Market Share Analysis, 2016 and 2025 (%)
    • Alloy Wheels
      • Introduction 
      • Market Share Analysis, 2016 and 2025 (%)
    • Window Films
      • Introduction 
      • Market Share Analysis, 2016 and 2025 (%)
    • Others
      • Introduction 
      • Market Share Analysis, 2016 and 2025 (%)
  5. Global Exterior Car Accessories Market, By Vehicle Type, 2016–2026 (US$ Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Segment Trends
    • Passenger Car
      • Introduction 
      • Market Share Analysis, 2016 and 2025 (%)
    • Light commercial vehicles
      • Introduction 
      • Market Share Analysis, 2016 and 2025 (%)
    • Heavy commercial vehicles
      • Introduction 
      • Market Share Analysis, 2016 and 2025 (%)
  6. Global Exterior Car Accessories Market, By Sales Channel, 2016–2026 (US$ Million)
    • Introduction
      • Market Share Analysis, 2016 and 2025 (%)
      • Segment Trends
    • Original Equipment Manufacturer (OEM)
      • Introduction 
      • Market Share Analysis, 2016 and 2025 (%)
    • Aftermarket
      • Introduction 
      • Market Share Analysis, 2016 and 2025 (%)
  7. Global Exterior Car Accessories Market, By Regions, 2016–2026 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2016 and 2025 (%)
        • North America
          • Regional Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vehicle Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Sales Channel, 2016–2025 (US$ Million)
          • Market Share Analysis, By Country, 2016 and 2025 (%)
            • U.S.
            • Canada
        • Europe
          • Regional Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vehicle Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Sales Channel, 2016–2025 (US$ Million)
          • Market Share Analysis, By Country, 2016 and 2025 (%)
            • UK
            • Germany
            • Italy
            • France
            • Russia
            • Others
        • Asia Pacific
          • Regional Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vehicle Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Sales Channel, 2016–2025 (US$ Million)
          • Market Share Analysis, By Country, 2016 and 2025 (%)
            • China
            • India
            • Japan
            • ASEAN
            • Australia
            • South Korea
            • Others
        • Latin America
          • Regional Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vehicle Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Sales Channel, 2016–2025 (US$ Million)
          • Market Share Analysis, By Country, 2016 and 2025 (%)
            • Brazil
            • Argentina
            • Mexico
            • Others
        • Middle East
          • Regional Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vehicle Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Sales Channel, 2016–2025 (US$ Million)
          • Market Share Analysis, By Country, 2016 and 2025 (%)
            • Northern Africa
            • Central Africa
            • South Africa
        • Africa
          • Regional Trends
          • Market Size and Forecast, By Product Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Vehicle Type, 2016–2025 (US$ Million)
          • Market Size and Forecast, By Sales Channel, 2016–2025 (US$ Million)
          • Market Share Analysis, By Country, 2016 and 2025 (%)
            • Northern Africa
            • Central Africa
            • South Africa
  8. Competitive Landscape
    • Company Profiles
      • Oakmore Pty Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Car Mate Manufacturing Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Lund International, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Truck Covers Usa Llc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Lloyd Mats
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Pep Boys
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Thule Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • U.S. Auto Parts Network, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Covercraft Industries Llc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Mont Blac Industri Ab
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on "Exterior Car Accessories Market - Global forecast to 2025”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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