Exterior Car Accessories Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the global Exterior Car Accessories Market, providing an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers a detailed understanding of the market landscape, helping stakeholders make well-informed decisions.

Key Insights:

Exterior Car Accessories Market Size (2024E): US$253,073.8 Million
Projected Market Value (2026F): US$ 12,000 Mn
Global Market Growth Rate (CAGR 2017 to 2026): 7.5%

Exterior Car Accessories Market - Report Scope:

The global exterior car accessories market encompasses a wide variety of solutions, including alloy wheels, LED lights, body kits, taillight guards, spoilers, and other add-ons that enhance comfort, aesthetics, utility, protection, and performance. Technological developments, such as smart accessories with IoT sensors, are paving the way for advanced solutions that contribute to vehicle performance and safety. A high demand for customization among car owners and technological integrations are reshaping market trends, particularly in the passenger car segment. The market also indicates a trend of strategic collaborations, with manufacturers associating with Original Equipment Manufacturers (OEMs) to strengthen their market position. Despite significant opportunities fueled by technological advancements, challenges such as counterfeit products, high costs, and low-quality aftermarket items are expected to restrain the market growth.

Market Drivers:

The global exterior car accessories market is being driven by the rising demand for customization as customers aim to make their vehicles stand out. An increasing preference for aesthetics and advanced technological features is shifting focus toward innovative smart car accessories equipped with sensors that improve safety and performance. Moreover, the growth of the automotive industry, especially in passenger cars, has intensified the need for a variety of exterior accessories. Technological developments like IoT and connected vehicles have amplified consumer interest in smart car accessories, creating new opportunities. Additionally, companies are leveraging strategic discount schemes and exchange offers to attract price-sensitive customers, particularly in developing markets.

Market Restraints:

Despite market growth opportunities, certain challenges impede the global exterior car accessories market's expansion. Counterfeit products and the availability of low-quality aftermarket options are a significant hurdle, reducing consumer trust and market reliability. Furthermore, the high costs associated with exterior car accessories pose affordability challenges, especially in emerging economies, which limits widespread adoption. Additionally, the complex balance of technological development costs and competitive market pricing is forcing companies to focus on innovation while maintaining affordability, which can be challenging.

Market Opportunities:

The market is witnessing immense opportunities stemming from technological advancements, particularly the integration of smart IoT-based solutions into exterior car accessories. These technologies, which offer improved safety, connectivity, and driver assistance, are appealing to tech-savvy consumers and increasing market demand. Furthermore, increased passenger vehicle sales in Europe are contributing positively to the market's growth. Automakers are also capitalizing on opportunities by offering customization options and promotional discounts, thereby broadening consumer choice. Strategic partnerships, technological developments, and innovations like driver-assistance features are further expected to create opportunities for market players moving forward.

Key Questions Answered in the Report:

What are the major drivers fueling the demand for exterior car accessories globally?
How are technological advancements like IoT and smart car solutions shaping consumer behavior?
Which market opportunities are emerging from technological developments and market trends?
Which regions are expected to lead in the demand for exterior car accessories?
Who are the major market players focusing on strategic partnerships and technological innovation?

Competitive Intelligence and Business Strategy:

The market for exterior car accessories is heavily influenced by aftermarket providers, although OEMs are actively competing by offering bundled promotions and customization options. Companies are focusing on integrating advanced technologies such as IoT and driver-assistance systems to stay competitive. The market is highly competitive, with firms investing in smart technologies, consumer loyalty schemes, and customized products to expand their market share. Companies are also focusing on reducing costs by offering competitive pricing options and discounts to improve accessibility and attract a broader consumer base. Prominent companies are also enhancing their product portfolios by aligning their strategies with technological developments to address the changing demands of tech-savvy consumers. As smart accessories become more mainstream, competitive market players are leveraging partnerships and technological innovation to position themselves in key regions.

Key Companies Profiled:

Thule Group
HELLA KGaA Hueck & Co.
Oakmore Pty Ltd.
Lund International, Inc.
Covercraft Industries, LLC
Classic Soft Trim
CAR MATE MFG.CO.,LTD.
Pep Boys
O'Reilly Auto Parts
U.S. Auto Parts Network, Inc.
H.I Motors
Star Automotive Accessories
Momo Srl.
Mont Blac Industri AB
F.LLI MENABO SRL
ruck Covers USA LLC
Others.

Exterior Car Accessories Market Segmentation:

By Product Type:

Covers
Racks
Body Kits
LED Lights
Alloy Wheels
Chrome Accessories
Exhaust Mufflers
Window Films
License Plate Frames
Graphics & Reflectors

By Vehicle Type:

Passenger Cars
Pickup Trucks

By Distribution Channel:

OEM
Aftermarket

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

Product Code: PMRREP11845

1. Executive Summary

2. Market Taxonomy

3. Global Exterior Car Accessories Market Scenario

3.1. Pricing Analysis
3.2. Global Exterior Car Accessories Market Scenario Forecast (Value)
3.3. Market Size (US$ Mn) and Forecast
- 3.3.1. Absolute $ Opportunity
3.4. Market Overview
- 3.4.1. Value Chain
- 3.4.2. Profit Margin Analysis
- 3.4.3. List of Exterior Car Accessories Manufacturers & Suppliers
- 3.4.4. Consumer Spending Analysis

4. Market Dynamics

4.1. Drivers
4.2. Restraints
4.3 Forecast Factors - Relevance and Impact

5. Global Exterior Car Accessories Market Analysis and Forecast, By Product Type

5.1. Global Exterior Car Accessories Market Summary, By Product Type
5.2. Market Size (US$ Mn) and Volume ('000) Forecast By Product Type
- 5.2.1. Covers
  - 5.2.1.1 Car Body Covers
  - 5.2.1.2 Tire Covers
  - 5.2.1.3 Tonneau Covers
- 5.2.2 Racks
  - 5.2.2.1 Bike Racks
  - 5.2.2.2 Roof Racks
  - 5.2.2.3 Cargo Racks
- 5.2.3 Body Kits
  - 5.2.3.1 Rocker Panels
  - 5.2.3.2 Spoilers
  - 5.2.3.3 Fender Flares
  - 5.2.3.4 Runner Bars & Steps
  - 5.2.3.5 Soft Tops & Hard Tops
  - 5.2.3.6 Bumpers
  - 5.2.3.7 Bull Bars
  - 5.2.3.8 Tail Light Guards
  - 5.2.3.9 Window Deflectors
- 5.2.4 LED Lights
- 5.2.5 Alloy Wheels
- 5.2.6 Chrome Accessories
- 5.2.7 Exhaust Mufflers
- 5.2.8 Window Films
- 5.2.9 License Plate Frames
- 5.2.10 Graphics & Reflectors
5.3. Market Attractiveness Analysis By Product Type

6. Global Exterior Car Accessories Market Analysis and Forecast, By Vehicle Type

6.1. Global Exterior Car Accessories Market Summary, By Vehicle Type
- 6.1.1. Basis Point Share (BPS) Analysis By Vehicle Type
6.2. Market Size (US$ Mn) and Volume ('000) Forecast By Vehicle Type
- 6.2.1. Passenger Cars
  - 6.2.1.1 Compact PC
  - 6.2.1.2 Mid-size PC
  - 6.2.1.3 Premium PC
  - 6.2.1.4 Luxury PC
- 6.2.2. Pickup Trucks
6.3. Market Attractiveness Analysis By Vehicle Type

7. Global Exterior Car Accessories Market Analysis and Forecast, By Distribution Channel

7.1. Global Exterior Car Accessories Market Summary, By Distribution Channel
- 7.1.1. Basis Point Share (BPS) Analysis By Distribution Channel
7.2. Market Size (US$ Mn) and Volume ('000) Forecast By Distribution Channel
- 7.2.1. OEM
- 7.2.2. Aftermarket
7.3. Market Attractiveness Analysis By Distribution Channel
7.4 Global Exterior Car Accessories Market Analysis and Forecast, By Region
- 7.4.1. Introduction
- 7.4.2. Basis Point Share (BPS) Analysis By Region
7.5. Market Size (US$ Mn) and Volume ('000) Forecast By Region
- 7.5.1. North America
- 7.5.2. Latin America
- 7.5.3. Europe
- 7.5.4. Asia-Pacific
- 7.5.5. Middle East & Africa
7.6. Market Attractiveness Analysis By Region

8. North America Exterior Car Accessories Market Analysis and Forecast

8.1. Introduction
- 8.1.1. Basis Point Share (BPS) Analysis By Country
8.2. Market Size (US$ Mn) and Volume ('000) Forecast By Country
- 8.2.1. U.S
- 8.2.2. Canada
8.3. Market Size (US$ Mn) and Volume ('000) Forecast By Product Type
- 8.3.1. Covers
  - 8.3.1.1 Car Body Covers
  - 8.3.1.2 Tire Covers
  - 8.3.1.3 Tonneau Covers
- 8.3.2 Racks
  - 8.3.2.1 Bike Racks
  - 8.3.2.2 Roof Racks
  - 8.3.2.3 Cargo Racks
- 8.3.3 Body Kits
  - 8.3.3.1 Rocker Panels
  - 8.3.3.2 Spoilers
  - 8.3.3.3 Fender Flares
  - 8.3.3.4 Runner Bars & Steps
  - 8.3.3.5 Soft Tops & Hard Tops
  - 8.3.3.6 Bumpers
  - 8.3.3.7 Bull Bars
  - 8.3.3.8 Tail Light Guards
  - 8.3.3.9 Window Deflectors
- 8.3.4 LED Lights
- 8.3.5 Alloy Wheels
- 8.3.6 Chrome Accessories
- 8.3.7 Exhaust Mufflers
- 8.3.8 Window Films
- 8.3.9 License Plate Frames
- 8.3.10 Graphics & Reflectors
8.4. Market Size (US$ Mn) and Volume ('000) Forecast By Vehicle Type
- 8.4.1. Passenger Cars
  - 8.4.1.1 Compact PC
  - 8.4.1.2 Mid-size PC
  - 8.4.1.3 Premium PC
  - 8.4.1.4 Luxury PC
- 8.4.2. Pickup Trucks
8.5. Market Size (US$ Mn) and Volume ('000) Forecast By Distribution Channel
- 8.5.1. OEM
- 8.5.2. Aftermarket
8.6. Market Attractiveness Analysis
- 8.6.1. By Country
- 8.6.2. By Product Type
- 8.6.3. By Vehicle Type
- 8.6.4. By Distribution Channel
8.7. Prominent Trends

9. Latin America Exterior Car Accessories Market Analysis and Forecast

9.1. Introduction
- 9.1.1. Basis Point Share (BPS) Analysis By Country
9.2. Market Size (US$ Mn) and Volume ('000) Forecast By Country
- 9.2.1. Brazil
- 9.2.2. Mexico
- 9.2.3. Rest of Latin America
9.3. Market Size (US$ Mn) and Volume ('000) Forecast By Product Type
- 9.3.1. Covers
  - 9.3.1.1 Car Body Covers
  - 9.3.1.2 Tire Covers
  - 9.3.1.3 Tonneau Covers
- 9.3.2 Racks
  - 9.3.2.1 Bike Racks
  - 9.3.2.2 Roof Racks
  - 9.3.2.3 Cargo Racks
- 9.3.3 Body Kits
  - 9.3.3.1 Rocker Panels
  - 9.3.3.2 Spoilers
  - 9.3.3.3 Fender Flares
  - 9.3.3.4 Runner Bars & Steps
  - 9.3.3.5 Soft Tops & Hard Tops
  - 9.3.3.6 Bumpers
  - 9.3.3.7 Bull Bars
  - 9.3.3.8 Tail Light Guards
  - 9.3.3.9 Window Deflectors
- 9.3.4 LED Lights
- 9.3.5 Alloy Wheels
- 9.3.6 Chrome Accessories
- 9.3.7 Exhaust Mufflers
- 9.3.8 Window Films
- 9.3.9 License Plate Frames
- 9.3.10 Graphics & Reflectors
9.4. Market Size (US$ Mn) and Volume ('000) Forecast By Vehicle Type
- 9.4.1. Passenger Cars
  - 9.4.1.1 Compact PC
  - 9.4.1.2 Mid-size PC
  - 9.4.1.3 Premium PC
  - 9.4.1.4 Luxury PC
- 9.4.2. Pickup Trucks
9.5. Market Size (US$ Mn) and Volume ('000) Forecast By Distribution Channel
- 9.5.1. OEM
- 9.5.2. Aftermarket
9.6. Market Attractiveness Analysis
- 9.6.1. By Country
- 9.6.2. By Product Type
- 9.6.3. By Vehicle Type
- 9.6.4. By Distribution Channel
9.7. Prominent Trends

10. Europe Exterior Car Accessories Market Analysis and Forecast

10.1. Introduction
- 10.1.1. Basis Point Share (BPS) Analysis By Country
10.2. Market Size (US$ Mn) and Volume ('000) Forecast By Country
- 10.2.1. Germany
- 10.2.2. France
- 10.2.3. U.K
- 10.2.4. Spain
- 10.2.5. Italy
- 10.2.6. Benelux
- 10.2.7. Russia
- 10.2.8. Rest of Europe
10.3. Market Size (US$ Mn) and Volume ('000) Forecast By Product Type
- 10.3.1. Covers
  - 10.3.1.1 Car Body Covers
  - 10.3.1.2 Tire Covers
  - 10.3.1.3 Tonneau Covers
- 10.3.2 Racks
  - 10.3.2.1 Bike Racks
  - 10.3.2.2 Roof Racks
  - 10.3.2.3 Cargo Racks
- 10.3.3 Body Kits
  - 10.3.3.1 Rocker Panels
  - 10.3.3.2 Spoilers
  - 10.3.3.3 Fender Flares
  - 10.3.3.4 Runner Bars & Steps
  - 10.3.3.5 Soft Tops & Hard Tops
  - 10.3.3.6 Bumpers
  - 10.3.3.7 Bull Bars
  - 10.3.3.8 Tail Light Guards
  - 10.3.3.9 Window Deflectors
- 10.3.4 LED Lights
- 10.3.5 Alloy Wheels
- 10.3.6 Chrome Accessories
- 10.3.7 Exhaust Mufflers
- 10.3.8 Window Films
- 10.3.9 License Plate Frames
- 10.3.10 Graphics & Reflectors
10.4. Market Size (US$ Mn) and Volume ('000) Forecast By Vehicle Type
- 10.4.1. Passenger Cars
  - 10.4.1.1 Compact PC
  - 10.4.1.2 Mid-size PC
  - 10.4.1.3 Premium PC
  - 10.4.1.4 Luxury PC
- 10.4.2. Pickup Trucks
10.5. Market Size (US$ Mn) and Volume ('000) Forecast By Distribution Channel
- 10.5.1. OEM
- 10.5.2. Aftermarket
10.6. Market Attractiveness Analysis
- 10.6.1. By Country
- 10.6.2. By Product Type
- 10.6.3. By Vehicle Type
- 10.6.4. By Distribution Channel
10.7. Prominent Trends

11. Asia-Pacific Exterior Car Accessories Market Analysis and Forecast

11.1. Introduction
- 11.1.1. Basis Point Share (BPS) Analysis By Country
11.2. Market Size (US$ Mn) and Volume ('000) Forecast By Country
- 11.2.1. China
- 11.2.2. India
- 11.2.3. ASEAN
- 11.2.4. Australia & New Zealand
- 11.2.5. Rest of Asia-Pacific
11.3. Market Size (US$ Mn) and Volume ('000) Forecast By Product Type
- 11.3.1. Covers
  - 11.3.1.1 Car Body Covers
  - 11.3.1.2 Tire Covers
  - 11.3.1.3 Tonneau Covers
- 11.3.2 Racks
  - 11.3.2.1 Bike Racks
  - 11.3.2.2 Roof Racks
  - 11.3.2.3 Cargo Racks
- 11.3.3 Body Kits
  - 11.3.3.1 Rocker Panels
  - 11.3.3.2 Spoilers
  - 11.3.3.3 Fender Flares
  - 11.3.3.4 Runner Bars & Steps
  - 11.3.3.5 Soft Tops & Hard Tops
  - 11.3.3.6 Bumpers
  - 11.3.3.7 Bull Bars
  - 11.3.3.8 Tail Light Guards
  - 11.3.3.9 Window Deflectors
- 11.3.4 LED Lights
- 11.3.5 Alloy Wheels
- 11.3.6 Chrome Accessories
- 11.3.7 Exhaust Mufflers
- 11.3.8 Window Films
- 11.3.9 License Plate Frames
- 11.3.10 Graphics & Reflectors
11.4. Market Size (US$ Mn) and Volume ('000) Forecast By Vehicle Type
- 11.4.1. Passenger Cars
  - 11.4.1.1 Compact PC
  - 11.4.1.2 Mid-size PC
  - 11.4.1.3 Premium PC
  - 11.4.1.4 Luxury PC
- 11.4.2. Pickup Trucks
11.5. Market Size (US$ Mn) and Volume ('000) Forecast By Distribution Channel
- 11.5.1. OEM
- 11.5.2. Aftermarket
11.6. Market Attractiveness Analysis
- 11.6.1. By Country
- 11.6.2. By Product Type
- 11.6.3. By Vehicle Type
- 11.6.4. By Distribution Channel
11.7. Prominent Trends

12. Middle East & Africa Exterior Car Accessories Market Analysis and Forecast

12.1. Introduction
- 12.1.1. Basis Point Share (BPS) Analysis By Country
12.2. Market Size (US$ Mn) and Volume ('000) Forecast By Country
- 12.2.1. GCC
- 12.2.2. South Africa
- 12.2.3. North Africa
- 12.2.4. Rest of Middle East & Africa
12.3. Market Size (US$ Mn) and Volume ('000) Forecast By Product Type
- 12.3.1. Covers
  - 12.3.1.1 Car Body Covers
  - 12.3.1.2 Tire Covers
  - 12.3.1.3 Tonneau Covers
- 12.3.2 Racks
  - 12.3.2.1 Bike Racks
  - 12.3.2.2 Roof Racks
  - 12.3.2.3 Cargo Racks
- 12.3.3 Body Kits
  - 12.3.3.1 Rocker Panels
  - 12.3.3.2 Spoilers
  - 12.3.3.3 Fender Flares
  - 12.3.3.4 Runner Bars & Steps
  - 12.3.3.5 Soft Tops & Hard Tops
  - 12.3.3.6 Bumpers
  - 12.3.3.7 Bull Bars
  - 12.3.3.8 Tail Light Guards
  - 12.3.3.9 Window Deflectors
- 12.3.4 LED Lights
- 12.3.5 Alloy Wheels
- 12.3.6 Chrome Accessories
- 12.3.7 Exhaust Mufflers
- 12.3.8 Window Films
- 12.3.9 License Plate Frames
- 12.3.10 Graphics & Reflectors
12.4. Market Size (US$ Mn) and Volume ('000) Forecast By Vehicle Type
- 12.4.1. Passenger Cars
  - 12.4.1.1 Compact PC
  - 12.4.1.2 Mid-size PC
  - 12.4.1.3 Premium PC
  - 12.4.1.4 Luxury PC
- 12.4.2. Pickup Trucks
12.5. Market Size (US$ Mn) and Volume ('000) Forecast By Distribution Channel
- 12.5.1. OEM
- 12.5.2. Aftermarket
12.6. Market Attractiveness Analysis
- 12.6.1. By Country
- 12.6.2. By Product Type
- 12.6.3. By Vehicle Type
- 12.6.4. By Distribution Channel
12.7. Prominent Trends

13. Competition Landscape

13.1. Competition Dashboard
13.2. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
13.3. Global Players
- 13.3.1. Thule Group
- 13.3.2. HELLA KGaA Hueck & Co.
- 13.3.3. Oakmore Pty Ltd.
- 13.3.4. Lund International, Inc.
- 13.3.5. Covercraft Industries, LLC
- 13.3.6. Classic Soft Trim
- 13.3.7. CAR MATE MFG.CO.,LTD.
- 13.3.8. Pep Boys
- 13.3.9. O'Reilly Auto Parts
- 13.3.10. U.S. Auto Parts Network, Inc.
- 13.3.11. H.I Motors
- 13.3.12. Star Automotive Accessories
- 13.3.13. Momo Srl.
- 13.3.14. Mont Blac Industri AB
- 13.3.15. F.LLI MENABO SRL
- 13.3.16. Truck Covers USA LLC