Which region held the largest market share in the market in 2021?

Europe held the largest share in the market in 2021. Read more

Exterior Car Accessories Market - Price, Size, Share & Growth

Exterior car accessories are comprised of products related to automotive products that enhance and appearance of the automobile. There are different parts included in external car accessories such as stainless steel car bumper guard, plastic car door guard, rear mudguard, front mudguard, tire inflators, decals and stickers, wraps, etc. The global exterior car accessories market focuses on five regions namely North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The global exterior car accessories market is estimated to account for US$ 524,761.2 Mn in terms of value by the end of 2030.

Recent Developments:

In September 2022, Thule Group will introduce a wide range of Car Seat options for a global audience. With the introduction of a Base, Infant Seat, and Toddler Seat, the stringent i-Size requirements. This product will be first launch in the European market.
In March 2020, HELLA KGaA Hueck & Co., has introduced its Intelligent Software Control via Identical SSL 100 Light Module, which can replace up to 12 different variations.

Restraint:

Regulatory policies regarding exterior modification of vehicles are expected to hinder the global exterior car accessories market growth over the forecast period
High cost associated with exterior car accessories is expected to restrain growth of the global exterior car accessories market during the forecast period

Global Exterior Car Accessories Market - Impact of Coronavirus (Covid-19) Pandemic:

The COVID-19 pandemic has adversely affected the global exterior car accessories market. Exterior car accessories are widely manufactured at car manufacturing companies as they have the capability to give better design and better safety features. Due to the pandemic, car manufacturing companies faced financial crisis and supply chain operations were disrupted causing a shortage of raw materials and components required for automotive manufacturing due to which many new projects were suspended which directly impacted the sales of exterior car accessories. Hence, the Global Exterior Car Accessories Market witnessed slow growth during the pandemic.

Europe held a dominant position in the global exterior car accessories market in 2021

Statistics:

Europe region dominated the global exterior car accessories market in 2021, accounting for a 39.9% share in terms of value, followed by Europe, Asia Pacific and Latin America, respectively

Exterior Car Accessories Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2021:	US$ 194,166.9 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	7.9%	2030 Value Projection:	US$ 524,761.2 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:	By Product Type: License Plate Frames, Body Kits, LED Lights, Graphics & Reflectors, Racks, Exhaust Mufflers, Alloy Wheels, Covers, Chrome Accessories, and Window Films. By Vehicle Type: Mid-Size PC, Premium PC, Compact PC, Luxury PC, Pickup Trucks By Channel Type: OEM, Aftermarket
Companies covered:	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.
Growth Drivers:	High growth in automotive industry is expected to drive growth of the global exterior car accessories market during the forecast period Rising expenditure on car accessories is expected to propel the global exterior car accessories market growth over the forecast period
Restraints & Challenges:	Regulatory policies regarding exterior modification of vehicles are expected to hinder the global exterior car accessories market growth over the forecast period High cost associated with exterior car accessories is expected to restrain growth of the global exterior car accessories market during the forecast period

Figure 1: Global exterior car accessories market Share (%), By Region, 2021

EXTERIOR CAR ACCESSORIES MARKET

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Europe is the leading markets in terms of revenue in 2021, and are expected to hold their dominant position over the forecast period. The market growth in these regions is attributed to the growing automotive industry coupled with rising pollution. For instance, exterior car accessories are majorly used in Body Kits, LED Lights, Racks, and Alloy Wheels etc. in the automotive industry, which is expected to drive demand for exterior car accessories over the forecast period. Moreover, increasing demand for car accessories in the exterior car accessories is expected to facilitate growth of the exterior car accessories market in Europe.

Figure 2: Global exterior car accessories market (US$ Mn) Analysis and Forecast, 2022 - 2030

EXTERIOR CAR ACCESSORIES MARKET

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The global exterior car accessories market was valued at US$ 194,166.9 Mn in 2021 and is expected to reach US$ 524,761.2 Mn by 2030, growing at a CAGR of 7.9% between 2022 and 2030.

Major players operating in the 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.

Frequently Asked Questions

The global exterior car accessories market is expected to reach US$ 524,761.2 million by 2030.

The exterior car accessories market is expected to witness a CAGR of 7.9% during the forecast period (2022-2030).

Growing expenditure on car accessories of exterior car accessories in automotive industry is expected to drive the growth of the market.

The market segment held the largest market share among the Distribution Channel in 2021.

Europe held the largest share in the market in 2021.

Key players operating in the market are 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.