Exterior Car Accessories Market Sales to Top US$ 253 Bn by 2031|Key Players- Thule Group, HELLA KGaA Hueck & Co and more

Exterior Car Accessories Market 2022

Exterior Car Accessories Market 2022 Global Trends, Market Share, Industry Size, Growth, Sales, Opportunities, and Market Forecast to 2031

NEW YORK, NEW YORK, UNITED STATES, September 29, 2022 /EINPresswire.com/ — Exterior Car Accessories Market 2022

According to the report by Persistence Market Research (PMR), the global market for exterior car accessories is likely to see a robust growth during 2017-2024. The global market is also projected to bring in more than US$ 253 Billion revenue by the end of 2024.

This report provides in depth study of “Exterior Car Accessories Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. Exterior Car Accessories Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

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Increase in the sales of cars globally and growing interest in the concept of vehicle customization are driving the global exterior car accessories market. However, the latest trend of car customization is likely to remain one of the key factors in the growing demand for exterior car accessories. Need for speed and performance is also pushing the market for car accessories that support high performance. The most cocmmon exterior car accessories include mud guard, car wrap, taillight, reflectors, window films, fog lamp covers, sun roof, license plate cover, LED lights, bugflectors, decals, and others. Car owners are also moving towards personalization trend to enhance the look and overall style of the car.

The biggest challenge in the global market for exterior car accessories is the availability of counterfeit products that are sold at relatively low cost. These products are designed in such a way that it becomes difficult to differentiate between original and counterfeit product. However, regulatory bodies are introducing some guidelines that can help in differentiating between the counterfeit and original accessories for cars. Cost competitiveness is also likely to hamper the growth of the market in the near future. Meanwhile, the automotive industry is constantly coming up with innovative technologies such as smart lighting technology, active window display, biometric access, etc.

Key Companies- 

• 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 MENABÒ SRL
• ruck Covers USA LLC
• Others.

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LED Lights to Gain Maximum Traction in the Global Market for Exterior Car Accessories

• On the basis of product type, LED lights are likely to emerge as one of the most preferred exterior car accessory during 2017-2024. LED lights are estimated to surpass US$ 76,000 Million revenue.

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Automotive Technologies Market to Record USD 134.06 Bn | Continental AG, DENSO Corp., and HELLA GmbH and Co. KGaA emerge as dominant players

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According to the recent market study by Technavio, the Automotive Technologies Market Size is expected to increase by USD 134.06 billion from 2020 to 2025. However, the growth momentum in the market is expected to decelerate at a CAGR of 11.04%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.

APAC will register the highest growth rate, occupying 53% of the global market share. China, Japan, and South Korea (Republic of Korea) are the key markets for automotive technologies in APAC. However, the market growth in this region will be faster than the growth of the market in other regions.

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Vendor Insights-

The automotive technologies market is fragmented with the presence of several regional and international players. Major players are increasing their footprint in the market by expanding their operations. This has increased competition in the market, which is driving small vendors in the market to focus on introducing technologically advanced products and forming strategic alliances with other players.

Continental AG: The company offers various sensors like cameras, lidar, radar, and control units that provide the necessary information for highly automated driving.

DENSO Corp.: The company offers various electronic platforms, port terrain systems, and others.

HELLA GmbH and Co. KGaA: The company offers a range of vehicle electronics solutions such as LED headlamps, intelligent battery sensors for efficient energy management, lane change assistant, and others.

Intel Corp.: The company offers various technologies for the automotive industry such as autonomous driving, in-vehicle experience, functional safety and electric motor controls, power conversion, and battery management systems for electric vehicles.

NVIDIA Corp.: The company offers various automotive technologies such as ADAS, automated driving, in-vehicle experience, ADAS, and others.

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Regional Market Outlook

The automotive technologies market growth in APAC will be significant during the forecast period. The increasing sales of automobiles and the rising demand for electronics-based driving comfort and safety systems will be crucial in driving the growth of the automotive technologies market in APAC. The report also offers detailed insights into the growth of the market across other regions such as Europe, MEA, North America, and South America. Countries such as the US and Germany are identified as prominent markets for automotive technologies.

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