The global automotive exterior accessories market is projected to reach a valuation of US$ 55.6 Bn by 2031, recording moderate growth at a steady CAGR during the forecast period from 2024 to 2031. This expansion is fueled by growing consumer preference for accessories that enhance aesthetics, functionality, and vehicle safety.
Market Insights
- Consumer Demand: Vehicle owners are increasingly prioritizing premium accessories to enhance safety, convenience, and personalization.
- Advanced Materials: Manufacturers are utilizing lightweight materials such as carbon fiber and boron carbide, improving both durability and vehicle performance.
- E-commerce Expansion: Growth in online sales channels and brand-specific platforms is reshaping the market landscape.
Key Drivers
- 1.Aesthetic Appeal: Accessories like spoilers and grille guards boost vehicle aesthetics and performance.
- 2.Safety Features: Items such as bull bars, grille guards, and tonneau covers add protection to vehicles.
- 3.Customization Trends: Consumers aged 25-30 increasingly prefer modifications like spoilers, rocker panels, and fender flares.
- 4.Rising Racing Culture: Growing popularity of amateur and drag races, particularly in the Americas, drives demand for customized accessories.
Business Opportunity
The automotive exterior accessories market offers significant growth potential:
- Regional Expansion: Markets in South Asia, Latin America, and East Asia are set to grow, supported by rising disposable incomes and automotive sales.
- E-commerce Development: Manufacturers such as Curt Manufacturing LLC and Husky Liners, Inc. are launching dedicated online platforms to optimize supply chains and customer reach.
Region Analysis
- North America: Leading the global market with high consumer spending and a robust automotive fleet.
- Asia Pacific: Rapid vehicle ownership growth in India and China, combined with expanding e-commerce, fuels demand.
- Latin America: Emerging as a significant opportunity for future growth.
- Europe and East Asia: Established automotive industries ensure steady market performance.
Key Players
Major contributors to the global automotive exterior accessories market include:
- Curt Manufacturing LLC
- Covercraft Industries, LLC
- CAR MATE MFG. CO., LTD.
- Dee Zee, Inc
- Eastman Chemical Company
- Go Rhino
- Hol-Mac Corporation
- Lund International
- Mont Blac Industri AB
- N-Fab Inc.
- Owens Products
- Onki Corporation
- Steelcraft
- Thule Group AB
- Westin Automotive
- O'Reilly Auto Parts
- U.S. Auto Parts Network, Inc.
These players emphasize innovation, expanded distribution, and online retail strategies to meet dynamic consumer preferences.
Market Segmentation
The automotive exterior accessories market is divided into the following categories:
By Product Type:
- Covers: Car Body Covers, Tire Covers, Tonneau Covers
- Front Guards: Bull Bars, Grille Guards, HD Bumpers
- Racks: Bike Racks, Roof Racks, Cargo Boxes
- Body Kits: Rocker Panels, Spoilers, Fender Flares, Tail Light Guards
- Window Films
By Sales Channel:
- Online Platforms
- Offline: Authorized and Independent Retailers
By Vehicle Type:
- Passenger Cars (Compact, Mid-Sized, Luxury, SUVs)
- LCVs and HCVs
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa