Global Market Study on Exterior Car Accessories: Europe
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Exterior Car Accessories Market Reflecting a CAGR of 7.5% During the Forecast Period (2016–2024)More Info @ http://www.persistencemarketresearch.com/market-research/exterior-car-accessories-market.asp

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Exterior car accessories market to extent an assessed value of 2 53 174 8 thousand units by the end of 2024

Global Market Study on Exterior Car Accessories: Europe

Expected to Maintain Market Dominance by 2024


Exterior car accessories market to extent an assessed value of 2 53 174 8 thousand units by the end of 2024

P e r s i s t e n c e M a r k e t R e s e a r c h

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Global Exterior Car Accessories Market 2016 - 2024


Exterior car accessories market to extent an assessed value of 2 53 174 8 thousand units by the end of 2024

P e r s i s t e n c e M a r k e t R e s e a r c h

Report Media Releases

Global Exterior Car Accessories Market Estimated to

Register a CAGR of 7.5% Between 2016 and 2024;

Passenger Cars Segment to Account for Bulk of the Market

Demand

In a new publication titled “Exterior Car Accessories Market: Global Industry Analysis and

Forecast 2016-2024”, Persistence Market Research presents a forecast for the global exterior

car accessories market for the period 2016–2024. The global exterior car accessories market

is estimated to be valued at US$ 142.24 Bn in 2016, up 5.3% Y-o-Y. In terms of volume, the

global exterior car accessories market is estimated to stand at 1,832,747.3 thousand units by

the end of 2016 and is expected to reach 2,53,174.8 thousand units by 2024, expanding at a

CAGR of 4.0% over the forecast period.

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An increasing inclination towards vehicle customizations especially among the younger

generation, growing sales of pickup trucks in developed markets, and a rising demand for

performance enhancing exterior car accessories are the main factors likely to boost the global

market for exterior car accessories over the forecast period. The growth of the automotive

sector in the BRIC nations is expected to further fuel market growth.

However, availability of counterfeit exterior and superior quality car accessories imported

from Asian continents; and cost competitiveness owing to a huge fragmentation of the

exterior car accessories market are factors anticipated to hamper the growth of the global

exterior car accessories market over the forecast period. Also, regulations related to

modification of vehicle exteriors in some regions is also anticipated to restrict growth of the

global exterior car accessories market.

The global exterior car accessories market is categorized 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); and by region (North America, Latin America,

Europe, Asia-Pacific, and Middle East & Africa). According to Persistence Market Research,

the body kits product type segment is expected to register a moderate CAGR in terms of value

over the forecast period. In terms of volume, the body kits segment is estimated to stand at

99,647.1 thousand units by the end of 2016 and is expected to reach 131,232.5 thousand

units by 2024, expanding at a CAGR of 3.5% over the forecast period.

Global Exterior Car Accessories Market 2016 - 2024


Exterior car accessories market to extent an assessed value of 2 53 174 8 thousand units by the end of 2024

P e r s i s t e n c e M a r k e t R e s e a r c h

The passenger cars vehicle type segment is estimated to account for a value share of 76.3%

in 2016 while the pickup trucks segment is likely to account for a value share of 23.7% in 2016.

The OEM distribution channel segment is expected to reach a valuation of US$ 70.10 Bn by

2024 while the aftermarket segment is estimated to be valued at US$ 182.97 Bn by 2024.

Among regions, Europe is expected to maintain its dominance in terms of market value in the

global exterior car accessories market during the forecast period. The Europe exterior car

accessories market is estimated to be valued at US$ 56.38 Bn in 2016 and is expected to reach

US$ 102.19 Bn by 2024, expanding at a CAGR of 7.7% over the forecast period. In terms of

volume, the North America exterior car accessories market is estimated to be pegged at

474,292.8 thousand units in 2016 and is expected to reach 608,134.8 thousand units by 2024,

expanding at a CAGR of 3.2% over the forecast period.

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research/exterior-car-accessories-market/toc

Thule Group, Pep Boys, Oakmore Pty Ltd., O’Reilly Auto Parts, U.S. Auto Parts Network, Inc.,

HELLA KGaA Hueck & Co., CAR MATE MFG CO. LTD., Covercraft Industries, LLC, Classic Soft

Trim, Lund International, Inc., Truck Covers USA LLC, Mont Blac Industri AB, F.LLI MENABÒ

SRL, H.I. Motors, Star Automotive Accessories, Momo Srl, and Lloyd Mats are some of the

leading players operating in the global exterior car accessories market. These players are

focusing on a vertical integration of their supply chain and are targeting new markets with

strategic mergers and acquisitions.

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Global Exterior Car Accessories Market 2016 - 2024


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