EXTERIOR CAR ACCESSORIES MARKET ANALYSIS

Exterior Car Accessories Market, By Product Type (License Plate Frames, Body Kits, LED Lights, Graphics & Reflectors, Racks, Exhaust Mufflers, Alloy Wheels, Covers, Chrome Accessories, Window Films), By Vehicle Type (Mid-Size PC, Premium PC, Compact PC, Luxury PC, Pickup Trucks), By Distribution Channel (Original Equipment Manufacturer and Aftermarket), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jul 2024
Code : CMI1868
Pages :130
Formats :
Excel and PDF
Industry : Automotive and Transportation

Market Concentration and Competitive Landscape

Exterior Car Accessories Market Concentration By Players

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Rising demand for comfort and convenience

Drivers expect their vehicles to be well-equipped to tackle varying road and climate conditions smoothly. Rising attention to ergonomics and user-experience has boosted demand for multifunctional, technologically advanced accessories. For example, alloy wheels which were once just about appearance now offer advantages like reduced weight, improved handling and fuel efficiency. Similar trends are observed in other areas like car covers, lights, locks, and others. Customers are willing to spend more on premium features that enhance the overall usage context of their vehicles.

Manufacturers actively participate in research and development to come up with solutions addressing real-time problems faced during long hours of traveling. Driving aids like sensors and cameras are becoming common even in affordable vehicles. However, aftermarket ensures availability of similar supplemental technologies for older cars as upgrades.

Key Players Insights