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The global exterior car accessories market is estimated to grow on a precautious note in the next 10 years – Persistence Market Research

Exterior Car Accessories Market to find its way through Customization of Vehicles

With an exponential demand for vehicle customization, the exterior car accessories market is expected to grow on an unstoppable note in the forecast period. The countries like India, China, and Russia are expected to be the hubs of passenger cars in the forecast period.

At the same time, it needs to be noted that low-quality and counterfeit products are flooding the market. Not all end-users can make out the difference between genuine and cheap accessories. As they cost less, they are preferred. This factor may hamper the exterior car accessories market, Says Persistence Market Research.

How does the Exterior Car Accessories Market disperse?

The global exterior car accessories market, by type of product, spans covers (car body covers, tire covers, and Tonneau covers), racks (bike racks, roof racks, and cargo racks), body kits (rocker panels, spoilers, fender flares, runner bars & steps, soft tops & hard tops, bumpers, bull bars, tail light guards, and window deflectors), LED lights, alloy wheels, chrome accessories, exhaust mufflers, window films, license plate frames, and graphics & reflectors. By type of vehicle, it’s passenger cars (compact, mid-size, premium, and luxury) and pickup trucks. By distribution channel, it’s aftermarket and OEMs. Persistence Market Research has enlisted these facts with probable calls to action in its latest market study entitled “Exterior Car Accessories Market”.

Region-wise Analysis

North America holds the largest market share, followed by Europe. This could be credited to continuous technological advances. The customers are also seen shifting their gear toward car customization. This is another factor driving the exterior car accessories market. The Asia-Pacific is expected to take a huge leap in this regard shortly. Persistence Market Research has, with its analysts and consultants, entailed these facts with insights in its latest market study entitled “Exterior Car Accessories Market”.

Competitive Landscape

Persistence Market Research has profiled the key players in the exterior car accessories market as 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., F.LLI Menabo Srl, and likewise. These players are into expansion through mergers, acquisitions, partnerships, joint ventures, and new product launches.

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