Automotive Exterior Accessory Market

Automotive Exterior Accessory Market Study by Covers, Front Guards, Racks, Body Kits, and Window Films for Passenger Cars, LCVs, and HCVs from 2024 to 2034

Analysis of Automotive Exterior Accessory Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Automotive Exterior Accessory Market Outlook (2024 to 2034)

Worldwide revenue from the sales of automotive exterior accessories is estimated at US$ 340.1 billion in 2024 and is forecasted to increase at a CAGR of 7.9% to reach US$ 727.5 billion by the end of 2034.

Exterior automobile accessories are designed to enhance a vehicle's external appearance, functionality, and protection. These include mud flaps, alloy wheels, roof racks, spoilers, chrome trims, and LED illumination. Expanding urbanization and rising consumer demand for aesthetically pleasing and personalized cars are contributing to market expansion. Automotive exterior accessory market growth is also driven by stringent road safety laws and rising public awareness around vehicle safety.

Key Market Growth Drivers

  • Advanced headlamps and tail lights, fog lights, DRLs, signal lamps, turn indicators, CHMSLs, parking lights, and lights on number plates in vehicles these days rely heavily on exterior lighting technologies.
  • Manufacturers are pushing their online platforms to directly contact consumers.
  • Performance and fuel consumption are becoming increasingly significant. Accessories such as active aero kits maximize airflow and minimize drag by automatically adjusting diffusers and spoilers depending on the vehicle's speed.
  • Car owners concerned about environmental issues are choosing accessories made from recycled materials, such as bamboo and bioplastics.
  • Even spoilers and roof racks with embedded solar panels are beginning to appear; these systems use renewable energy to power automobile electronics.
Report Attributes Details
Automotive Exterior Accessory Market Size (2024E) US$ 340.1 Billion
Forecasted Market Value (2034F) US$ 727.5 Billion
Global Market Growth Rate (2024 to 2034) 7.9% CAGR
East Asia Market Share (2024E) 35.2%
North America Market Share (2024E) 24.7%
Sales of Window Films (2024E) US$ 501.2 Billion
Key Companies Profiled
  • Curt Manufacturing LLC
  • Car Mate Mfg. Co., Ltd.
  • Go Rhino
  • Hol-Mac Corporation
  • Steelcraft
  • Mont Blanc Industri AB
  • Owens Products
  • Westin Automotive
  • N-Fab Inc.
  • Dee Zee Inc
  • Lund International

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What are the Factors Leading to Expansion of the Automotive Exterior Accessory Market Size?

“Growing Emphasis on Vehicle Personalization and Improved Protection”

Key factors influencing consumer preference for exterior automotive accessories are overall aesthetic appeal, comfort, practicality, protection, and ease of use. In particular, while choosing these accessories, modern consumers are becoming more and more focused on fast performance as well as speed. Demand for these external upgrades is rising, especially for passenger cars, and is one of the significant automotive exterior accessory market trends.

The general pattern of consumer behavior is moving toward personalized vehicles, which is pushing demand for exterior accessories in automobiles. Market expansion is also being driven by the growth of the automotive sector. Manufacturers are deliberately accounting for expenses to remain competitive, and they are luring clients with deep discounts and exchange offers on these accessories.

What are the Challenges Faced by Automakers in Relation to External Accessories?

“High Prices of Exterior Accessories and Proliferation of Inferior and Counterfeit Products”

Excessive price of these accessories, particularly in developing nations, is hindering market expansion. The presence of inferior and fake products is one of the issues preventing the global market for external automotive accessories from growing. In response, automakers are focusing on creating smart add-ons that have sensors built in to improve the safety and functionality of automobiles. This industry is projected to open up growth opportunities due to continuous technological advancements.

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Country-wise Insights

East Asia leads the market in terms of revenue in 2024. The market in this region is forecasted to expand at a CAGR of 6.4% over the next decade.

Why is Demand for Automotive Exterior Accessories High in the United States?

“Rise in Sales of Electric Vehicles Boosting Demand for Automotive Exterior Accessories”

Attribute United States
Market Value (2024E) US$ 72.1 Billion
Growth Rate (2024 to 2034) 7% CAGR
Projected Value (2034F) US$ 141.4 Billion

The market in the United States is growing due to the increasing production of passenger vehicles. Demand for luxurious, high-performing cars is strong in the country, which supports the expansion of the market. Automotive exterior accessory market growth is driven by the increase in sales of electric vehicles and the growing emphasis on personalization.

Why is the Regulatory Environment in China Conducive to Market Expansion?

“Government Initiatives Encouraging Production of Automobiles in Form of Financial Aids”

Attribute China
Market Value (2024E) US$ 98 Billion
Growth Rate (2024 to 2034) 8.8% CAGR
Projected Value (2034F) US$ 228.3 Billion

The Chinese government has put regulations into effect to encourage the manufacture and sale of automobiles, such as tax breaks, financial aid for electric cars, and investments in transportation infrastructure such as highways and charging stations. The rising urbanization in China is fueling sales of vehicles in the country, which is eventually leading to market growth.

Private car ownership in the country is increasing, and so is the need for more customized and unique exterior car accessories. This has led to the growth of the aftermarket segment providing a variety of goods such as racing stripes, chrome trimmings, spoilers, and customized headlights.

Category-wise Insights

Covers occupy a 60% automotive exterior accessory market share in 2024. The segment is projected to expand at a significant pace over the next few years. Front guards account for a 25% market share, and their sales are projected to increase at a CAGR of 8% from 2024 to 2034.

Why is Demand for Covers Gaining Traction?

“Vital Role of Covers in Protecting Paint Finish and Extending Vehicle Lifespan”

Attribute Covers
Segment Value (2024E) US$ 202.7 Billion
Growth Rate (2024 to 2034) 7.5% CAGR
Projected Value (2034F) US$ 416.2 Billion

Covered vehicles are protected from environmental elements, including UV radiation, dust, dirt, bird droppings, and tree sap. They help protect the paint finish, preventing fading and prolonging the external lifespan of the car by shielding it from direct sunlight. Covers are designed to resist different weather situations, such as heavy rain, snow, and sunshine. They act as a barrier that keeps moisture and high temperatures from harming the car's surface.

Which Function of Window Films is Boosting Their Sales?

“Ability of Window Films to Effectively Minimize Glare to Ensure Safer Driving Experience”

By controlling heat gain and loss through windows, window films help improve energy efficiency. They reduce the need for excessive air cooling or heating by assisting in maintaining suitable temperatures inside cars. They thereby improve total energy efficiency.

The interior of the car is shielded from damaging ultraviolet (UV) rays by these films. Since UV radiation can fade upholstery and cause skin damage, window films are essential for both passenger safety and maintaining the vehicle's appearance. When driving, glare from the sun can make it difficult to see. By reducing glare, window films make driving safer and more enjoyable. Less glare also keeps the eyes from straining on lengthy drives.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Competitive Landscape

Key players in the automotive exterior accessory market are Curt Manufacturing LLC, Car Mate Mfg. Co., Ltd., Go Rhino, Hol-Mac Corporation, Steelcraft, Mount Blac Industri AB, Owens Products, Westin Automotive, N-Fab Inc., Dee Zee Inc., and Lund International.

  • For effective control of their supply chains, industry participants including Husky Liners Inc. and Curt Manufacturing LLC have started their e-commerce platforms.
  • The Organization Internationale des Constructeurs d'Automobiles (OICA) recently reported that sales of passenger cars reached 57.4 million units worldwide in 2022. The growing demand for passenger cars has caused fleets of vehicles to mature, which has increased the requirement for component replacement and maintenance.

Segmentation of Automotive Exterior Accessory Market Research

  • By Product Type :

    • Covers
    • Front Guards
    • Racks
    • Body Kits
    • Window Films
  • By Vehicle Type :

    • Passenger Cars
    • LCVs
    • HCVs
  • Sales Channel :

    • Online
    • Offline
  • By Region :

    • North America
    • Europe
    • Latin America
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

How big is the automotive exterior accessory market size in 2024?

The global automotive exterior accessory market is estimated at US$ 340.1 billion in 2024.

Which region has a significant market share in automotive exterior accessories?

The market in China is estimated to reach a valuation of US$ 98 billion in 2024.

What is the estimated market size of the United States for 2034?

The market of the United States is forecasted to reach US$ 141.4 billion by 2034.

Which vehicle category holds a significant market share of automotive exterior accessories?

The passenger vehicles segment account for a market share of around 70% in 2024.

What are the predictions for the sales of body kits?

Sales of body kits are set to reach US$ 10.2 billion in 2024.

How is the market faring in Japan?

The automotive exterior accessory market in Japan is forecasted to expand at 9.7% CAGR and reach US$ 39.5 billion by 2034.

- Also of Interest -

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Automotive Interior LED Lighting Market

Automotive Interior LED Lighting Market Analysis Report By Product (Dashboard Lights, Dome and Map Lighting, Center Stack, Head-up Display, Reading Lights), By Volts (12V, 14V), By Sales Channel, By Sales Channel, By Region - Global Forecast 2022-2032

Automotive Exterior Accessory Market

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