Exterior Car Accessories Market Analysis with Basis of
Revenue Source Till 2026
Exterior Car Accessories Market research provides industry
analysis by type, manufacturer, application along with key factors
influencing the growth of the market which include growth drivers,
restraints, opportunities and challenges, strategically profile key
players and comprehensively analyze their market share and core
competencies.
Exterior car accessories consist of products associated with automotive parts, which is
responsible for enhancing the appearance of a vehicle. These exterior car accessories includes
racks, led lights, body kits, chrome accessories, covers, alloy wheels, window films, and others.
Download PDF Brochure @
https://www.coherentmarketinsights.com/insight/request-pdf/1868
Market Driver:
Rampant growth of vehicle sales across the globe is major factor propelling demand for exterior
car accessories. For instance, according to International Organization of Motor Vehicle
Manufacturers statistics (OICA), the total number of vehicles sold in 2016, were 94 million units,
which increased to 96 million units in 2017, worldwide. This growth is attributed to rapid
urbanization and industrialization in various emerging economies such as India and China, where
increasing GDP is supporting growing urbanization. For instance, according to the World Bank
Group, GDP per capita has increased globally from US$ 9509.4 in 2010, to US$ 10,150.8 in 2016,
indicating increased standard of living, which has significantly impacted affordability and
expenditure on luxury vehicles. Hence, this factor is propelling the demand for exterior car
accessories market.