The Europe car accessories market is expected to grow substantially during the forecast period, primarily due to the growing automotive industry in Europe. Furthermore, the increased consumer spending on car interiors for increased passenger comfort is expected to support the growth of the car accessories market during the forecast period. Additionally, the growing automotive aftermarket services are likely to create growth opportunities for vendors in the car accessories market. Customers across the region are showing interest in changing the look of the car and making it more stylish. The exterior car accessories are most likely preferred for comfort, convenience, utility, protection, and aesthetics. However, nowadays, high speed and performance are also among the top priorities for customers buying exterior car accessories. Exterior car accessories are finding increased demand for passenger cars. The market's growth in Europe is primarily attributed to the guidelines enforced by the European Union (EU) about greenhouse gas emissions by automotive manufacturers. The goals established by the European countries to reach a circular economy by 2030 and increase dependence on eco-friendly and recyclable materials are fuelling market growth in the region. Furthermore, the area is witnessing rising demand for electric vehicles, which will support the exterior automotive accessories. According to the research report, "Europe Exterior Car Accessories Market Research Report, 2028," published by Actual Market Research, the market is anticipated to add USD 34.93 billion from 2023 to 2028. Europe is the leading market in terms of revenue in 2022 and is expected to hold its dominant position over the forecast period. The market growth in these regions is attributed to the growing automotive industry coupled with rising pollution. For instance, exterior car accessories are majorly used in body kits, LED lights, racks, alloy wheels, etc. in the automotive industry, which is expected to drive demand for exterior car accessories over the forecast period. Moreover, increasing demand for car accessories in the exterior category is expected to facilitate growth of the exterior car accessory market in Europe. Countries in Europe such as Germany and the U.K. are the major countries in the automotive industry. With increasing production and demand for cars in Europe, the market for exterior car accessories is also witnessing growth. Based on the countries, the market is segmented into six major countries, including Germany, the UK, France, Spain, Italy, and Russia. Among them, Germany is leading the market in 2022 with the highest market share, whereas Spain is projected to witness significant market growth by 2023–28.
Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally
Download SampleIn the European region, the history of exterior car accessories refers to the popularity of cars leading to the development of various accessories to enhance the appearance and functionality of vehicles. In the early 20th century, most cars in Europe were basic, with few accessories available. However, as the popularity of cars grew, manufacturers began to offer more accessories, including mud flaps, mirrors, and spare tyre covers. In the 1950s and 1960s, customising cars became popular, and accessories such as chrome trim, custom grilles, and whitewall tyres became popular among car enthusiasts. During the same period, rally racing became popular in Europe, leading to the development of accessories such as rally lights, skid plates, and rally mud flaps. In the 1970s and 1980s, the popularity of aftermarket accessories grew, with accessories such as spoilers, body kits, and ground effects becoming popular among car enthusiasts. During this period, tuning companies such as ABT Sportsline, AC Schnitzer, and Brabus began to specialise in creating high-performance and customised versions of popular cars. In the 1990s and 2000s, environmental concerns and new regulations led to the development of more aerodynamic and lightweight accessories, such as carbon fibre hoods and spoilers. During the same period, off-road accessories such as lift kits, off-road tires, and skid plates also became popular among SUV and truck owners. Today, there is a wide range of exterior car accessories available in Europe, including practical accessories such as roof racks and cargo carriers, as well as performance accessories such as exhaust systems and air intakes. According to the report, the market is segmented into body kits (front and rear bumper kits, spoilers, lip kits, front grilles, tuning hoods, etc.), exhaust mufflers, lights, alloy wheels, chrome accessories, window films, graphic stickers and reflectors, racks, and others (crash guards, side beading, window door visors, licence plate frames, exterior covers, side mirror covers, etc.). Among them, the body kit segment is leading the market in 2022. In addition to that, roof racks, alloy wheels, LED lights, and window films are some of the other popular accessories. However, the high costs and lack of awareness among consumers for genuine products are expected to restrain the Europe maintenance products and car accessories market's growth during the forecast period. As the popularity of electric vehicles grows in Europe, there is a growing demand for EV charging accessories. These include charging cables, wall-mounted charging units, and portable charging units. LED lighting technology has been around for a while, but it is becoming more advanced and sophisticated. This includes headlights with adaptive lighting that adjusts to driving conditions and ambient lighting that creates a more pleasant atmosphere inside the car. As cars become more autonomous, there is a growing demand for accessories that enhance the safety and comfort of passengers. These include sensors that detect obstacles and alert drivers, as well as cameras that provide a 360-degree view of the car's surroundings. Further, there is a growing trend towards eco-friendly car accessories in Europe. This includes accessories made from sustainable materials, such as bamboo or recycled plastic, as well as accessories that help reduce emissions, such as aerodynamic body kits. Some of the major exterior car accessory manufacturers in Europe include Thule, Hella, Bosal, Momo, Rieger Tuning, G3, etc.
On top of these developments, there are many start-ups regarding exterior car accessories in the European region such as Parklio, a Croatian start-up that has developed an innovative smart parking barrier that can be controlled using a smartphone app. The barrier can be used to secure parking spots and prevent unauthorised access to private parking areas. Domeniq is a German start-up that has developed a range of eco-friendly car care products, including cleaning agents, waxes, and polishes. The products are designed to be gentle on car paintwork while also being effective at removing dirt and grime. Fixico is a Dutch start-up that has developed an online platform for car repairs and maintenance. The platform connects car owners with a network of qualified mechanics who can provide repairs, servicing, and other maintenance services. The regulations for exterior car accessories in Europe are generally set by the European Union (EU) and enforced by member states. The regulations are designed to ensure that car accessories are safe, effective, and do not interfere with the operation or safety of the vehicle. For example, most exterior car accessories must be homologated, or approved, by the EU before they can be sold. Homologation ensures that the accessory meets certain safety and quality standards. Exterior lighting accessories, such as headlights and taillights, must comply with EU regulations on brightness, colors, and positioning. This ensures that the lights are visible and do not cause glare or other hazards for other drivers. Exterior accessories that affect the aerodynamics of the vehicle, such as spoilers and body kits, must comply with EU regulations on stability and drag. This ensures that the accessories do not negatively impact the handling or safety of the vehicle. Exterior accessories that produce noise, such as exhaust systems and horns, must comply with EU regulations on noise emissions. This ensures that the accessories do not cause excessive noise pollution or disrupt other drivers. Some exterior car accessories, such as roof racks and bike carriers, may need to comply with EU regulations on fuel consumption and emissions. This ensures that the accessories do not negatively impact the environment or contribute to climate change. In Europe, exterior car accessories are applied to a wide range of vehicles, and the popularity of specific accessories can vary depending on factors such as the type of vehicle, the region, and individual preferences. However, some popular car models that are commonly accessorized in Europe include hatchbacks, sedans, and compact SUVs. For hatchbacks and smaller cars, accessories such as roof racks, bike carriers, and small spoilers are popular. These accessories can increase the car's storage capacity and improve its aerodynamics. For sedans and larger cars, accessories such as alloy wheels, chrome trim and front and rear spoilers are popular. These accessories can enhance the car's appearance and give it a sportier look. For compact SUVs and crossovers, accessories such as roof boxes, mud flaps, and side steps are popular. These accessories can improve the car's versatility and make it more suitable for outdoor activities. Based on the vehicle type, SUVs lead the market with a higher market share, whereas MPVs are projected to grow at a higher CAGR by 2028.
Based on the report, the European market is segmented into two major distribution channels, including OEM and aftersales. Among them, the aftersales segment will lead the market in 2022. There are many brick-and-mortar retailers across Europe that specialise in selling aftermarket parts and accessories for vehicles. These retailers also provide installation services. Further, e-commerce has made it easier for consumers in Europe to purchase exterior car accessories online. Major e-commerce platforms like Amazon and eBay are popular, as are specialty aftermarket platforms like Autodoc and Oscaro. On the other hand, independent installers are often preferred over dealership installers for aftermarket accessories in Europe. These installers may operate independently or be affiliated with a specific retailer. In some cases, car manufacturers themselves may offer exterior car accessories for their vehicles. These accessories may be sold through dealership parts departments or through the manufacturer's own online store. Also, car shows and events are popular venues for selling exterior car accessories in Europe. Recent Developments: • A French automotive lighting manufacturer, Valeo, has developed a new LED lighting system that uses sensors to detect weather conditions and adjust the intensity and color of the headlights accordingly. This technology is designed to improve visibility and safety for drivers in adverse weather conditions. • A German company, Sonnenrepublik, has developed a range of solar-powered car accessories, including roof-mounted solar panels and a solar-powered air conditioning system. These accessories are designed to reduce the energy consumption of cars and improve their environmental performance. • A German Company, Prior Design, has developed a new range of carbon fiber body kits for high-performance cars such as the Porsche 911 and the BMW M4. These body kits are designed to enhance the performance and aerodynamics of these vehicles, while also giving them a more aggressive and sporty look. • A British company, Pod Point, has launched a new range of EV charging accessories, including a portable EV charger and a wall-mounted charging unit that can be installed in homes and workplaces. These accessories are designed to make it easier for electric car owners to charge their vehicles. • A Dutch company, Folie à Deux, has developed a new technology that allows car owners to create personalized vinyl wraps for their vehicles using their own photographs and designs. This technology enables car owners to create a unique look for their vehicles that reflects their individual style and personality. Major Companies present in the market: Oakmoore Pty Ltd., Thule Group, Faurecia Se, F.Lli Menabo Srl, Momo Srl., Toyodo Gosei Co Ltd., Magna International Inc., Cie Automotive S.A., Hayashi Telempu Corporation, Ideal Automotive Gmbh, Kasai Kogyo Co., Ltd., Novares, Samvardhana Motherson, Mont Blanc Group AB, Yakima, Inc., Gronbach Considered in this report • Geography: Europe • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Europe Exterior Car Accessories market with its value and forecast along with its segments • Country-wise Exterior Car Accessories market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Countries covered in the report: • Germany • United Kingdom • France • Spain • Italy • Russia By Accessories Type: • Body Kits (Front and Rear Bumper Kits, Spoilers, Lip Kit, Front Grille, Tuning Hoods, etc) • Exhaust Muffler • Lights • Alloy Wheels • Chrome Accessories • Window Films • Graphic Stickers & Reflectors • Racks • Others (Crash Guards, Side Beading, Window Door Visors, License Plate Frames, Exterior Covers, Side Mirror Covers, etc) By Distribution Channel: • OEM • Aftermarket By Vehicle Type • Small-sized Cars • Mid-sized Cars • SUVs • MPVs • Luxury • Pickup Trucks (Toyota Tacoma, Ford Ranger, Jeep Gladiator, Chevrolet Colorado, GMC Canyon, Hyundai Santa Cruz) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Exterior Car Accessories industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
We are friendly and approachable, give us a call.