ID: PMRREP11845
Format: PPT*, PDF, EXCEL
Last Updated: 21 Jul 2025
Industry: Automotive & Transportation
Number of Pages: 200
The Global Exterior Car Accessories Market size is likely to be valued at US$ 53.8 Bn in 2025 and is expected to reach US$ 89.5 Bn by 2032, growing at a CAGR of 7.2% during the forecast period from 2025 to 2032. The increase in vehicle customization expenditure and the demand for protective, high-performance accessories are the key drivers of the exterior car accessories market. Growing disposable income, especially in developing countries, and shifting consumer lifestyles offer strong growth potential. The automotive aftermarket is rapidly evolving due to changes in fashion and design trends, with increasing demand for high-quality, stylish accessories that enhance vehicle aesthetics. Younger consumers, in particular, view their cars as extensions of their personality and social status.
Automakers are responding by designing vehicles that support personalization. Accessories such as wide rims, neon lights, spoilers, and decals are gaining popularity, influenced by subcultures such as JDM and drifting. Collaborations between OEMs and fashion or lifestyle brands to release co-branded accessories have further fueled the premium and luxury segment, enabling consumers to experiment with new styles and elevate the overall visual appeal of their vehicles.
Key Industry Highlights:
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Global Market Attribute |
Key Insights |
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Exterior Car Accessories Market Size (2025E) |
US$ 53.8 Bn |
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Market Value Forecast (2032F) |
US$ 89.5 Bn |
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Projected Growth (CAGR 2025 to 2032) |
7.2% |
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Historical Market Growth (CAGR 2019 to 2024) |
6.6% |
The rise in consumer preference for vehicle customization and personalization is a major growth indicator. Modern car owners, especially the young demographics in semi-urban areas prefer vehicle modification and functionality to reflect their personality and lifestyle. This trend is evident across all vehicle categories, from compact cars to electric and luxury models. Manufacturers are responding with innovative, high-quality exterior accessories such as alloy wheels, spoilers, LED lighting kits, decals, and body kits. For instance, Thule Group, a leading Swedish manufacturer of roof racks and cargo carriers, expanded its portfolio in February 2024 with the launch of Thule Caprock, a modular roof platform designed for off-road customization. Similarly, HELLA GmbH & Co. KGaA, in collaboration with Faurecia, has focused on developing smart exterior lighting systems that enhance vehicle personalization and brand identity.
The high production cost of premium exterior car accessories poses a challenge. These accessories require advanced manufacturing technologies and substantial R&D investments, driving up production costs. Premium materials such as aluminum, high-grade plastics, and carbon fiber are commonly used, making them significantly more expensive than standard alternatives. For instance, according to OICA, manufacturing an aluminum alloy wheel can cost between US$ 300 to US$ 700, compared to US$ 50 to US$ 150 for a steel wheel. Similarly, carbon fiber rear spoilers cost around US$ 500 to US$ 1,000, whereas fiberglass options range from US$ 100 to US$ 200. These high production costs are passed on to consumers through elevated retail prices, making premium accessories less affordable for average buyers. As a result, the potential customer base narrows, limiting demand.
The rise of digital platforms offering interactive vehicle customization experiences presents a significant opportunity in the Exterior Car Accessories market. Consumers increasingly seek convenient, tech-driven solutions to personalize their vehicles. Augmented Reality (AR), Virtual Reality (VR), and 3D configurators allow users to visualize how accessories such as alloy wheels, spoilers, decals, and roof racks will appear on their cars before purchasing.
A notable example is CarID.com, a leading U.S.-based online aftermarket parts retailer, that introduced its 3D vehicle configurator in April 2023. The platform enables users to apply a range of exterior accessories to their specific vehicle model in real-time, enhancing decision-making and buyer confidence. According to an online research in 2023, over 60% of car accessory buyers are more likely to complete a purchase when they can preview the product on their vehicle.
Among product type, alloy wheels dominate the global exterior car accessories due to their strong blend of functionality, aesthetics, and performance enhancement. Alloy wheels significantly improve a vehicle’s appearance while offering better heat conduction, lighter weight, and enhanced fuel efficiency compared to traditional steel wheels. These benefits appeal to both performance-driven and style-conscious consumers. The growing popularity of vehicle personalization, especially in the mid-range and luxury segments, has made alloy wheels one of the most in-demand accessories.
According to the industry reports, alloy wheels accounted for the largest revenue share in 2025, driven by increasing installation in new passenger vehicles and rising aftermarket demand. Leading manufacturers, such as Enkei, Ronal Group, and BBS Japan, are continuously innovating with designs, finishes, and materials such as forged aluminum to meet evolving consumer tastes. As electric vehicles grow in popularity, the demand for lightweight and aerodynamic alloy wheels is also expected to surge, solidifying their market leadership.
The original equipment manufacturer (OEM) segment is projected to hold the highest market share of 59.6% in 2025, driven by growing demand for factory-integrated customization. Today’s car buyers prefer built-in personalization over aftermarket retrofitting. Collaborating with OEMs allows accessory makers to embed products seamlessly into vehicle design and systems during assembly, ensuring superior fit and performance. For automakers, offering factory-installed accessories enhances revenue and strengthens brand identity as providers of premium, bespoke experiences.
OEM-bundled options also simplify purchasing for consumers, boosting perceived value. This close integration between vehicle and accessory engineering delivers highly functional, aesthetically aligned solutions, positioning the OEM channel to maintain its dominance in the exterior car accessories market through superior design and operational synergy.
Asia Pacific is witnessing rapid growth in the exterior car accessories market, driven by rising vehicle ownership and increasing disposable incomes, particularly in Indonesia, Thailand, Malaysia, and the Philippines. Consumers in these countries are embracing affordable customization through accessories such as spoilers, decals, and alloy wheels to enhance vehicle aesthetics. The regional regulations on vehicle modifications further encourage aftermarket activity. Additionally, the expansion of e-commerce platforms such as Lazada and Shopee has made international brands more accessible to consumers, boosting sales. For Instance, according to ASEAN Automotive Federation, Southeast Asia’s vehicle sales exceeded 3.6 million units in 2024, up 11% year-on-year, fueling demand for accessories. In May 2024, 3M Automotive expanded its distribution network in Southeast Asia to meet growing demand for window films, wraps, and protective coatings, strengthening its regional aftermarket presence.
North America is projected to dominate the global exterior car accessories market with an estimated 33.9% share in 2025, driven by a mature and expansive automotive aftermarket in countries such as the U.S. and Canada. The region’s strong culture of vehicle customization fuels high per-vehicle spending on accessories such as car covers, spoilers, body kits, and sunshades. Consumers are highly brand-conscious and willing to invest in premium, high-quality products, benefiting established players.
Companies such as Thule, Lund, Truck Hero, Covercraft, and Dee Zee maintain robust manufacturing and distribution networks, ensuring wide product availability and competitive pricing. The presence of trusted brands and easy access to diverse accessory options contribute to sustained demand throughout the vehicle’s lifecycle. Additionally, North America's preference for trucks and SUV vehicles commonly personalized further supports growth. With a solid aftermarket ecosystem and strong consumer interest in personalization, the region remains a key market for exterior car accessory manufacturers.
Europe exterior car accessories market is a dominant regional player driven by a robust automotive industry and rising consumer demand for vehicle personalization and performance enhancements. Key factors fueling growth include increasing consumer spending on stylish and functional exterior accessories such as body kits, LED lights, alloy wheels, and racks, especially for passenger cars.
Europe’s market expansion is strongly supported by stringent European Union regulations targeting greenhouse gas emissions and promoting eco-friendly, recyclable materials, aligning with the continent’s goal of achieving a circular economy by 2030. The rising adoption of electric vehicles (EVs) further boosts demand for innovative exterior accessories tailored to new vehicle technologies. Major automotive hubs such as Germany, the UK, France, Italy, Spain, and Russia lead the market, with manufacturers and aftermarket vendors capitalizing on growing production and consumer interest in customization. This regulatory focus, combined with consumer trends, positions Europe as a key region in the global exterior car accessories market.
The global exterior car accessories market is intensely competitive, comprising a mix of global giants, regional specialists, and emerging players striving for market share. Competition is primarily based on product innovation, pricing, distribution network strength, and brand recognition. Leading manufacturers are consistently investing in design innovation, materials engineering, and modular customization to align with evolving consumer preferences and vehicle design trends.
The growing demand for aesthetic personalization, off-road utility, and smart integration is pushing companies to introduce advanced exterior solutions such as aerodynamic body kits, multifunctional roof racks, camera-integrated bumpers, and LED lighting trims. New entrants, including tech-savvy start-ups and aftermarket specialists, are gaining ground by targeting niche segments like EV-compatible accessories, smart storage systems, and quick-install protective kits. These companies often leverage online sales platforms, direct-to-consumer models, and partnerships with local car modifiers to accelerate growth.
The Exterior Car Accessories market size in 2025 is estimated to be valued at US$ 53.8 Bn.
Rising vehicle ownership and customization trends and growing popularity of sports and luxury vehicles are the major growth drivers.
The exterior car accessories market is estimated to rise at a CAGR of 7.2% through 2032.
Surge in Electric Vehicle (EV) Sales, and the growth of online sales channels are the key market opportunities.
The global exterior care accessories market is dominated by major players such as Thule Group, HELLA KGaA Hueck & Co., Oakmore Pty Ltd., Lund International, Inc., and Covercraft Industries, LLC.
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Report Attribute |
Details |
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Historical Data/Actuals |
2019 - 2024 |
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Forecast Period |
2025 - 2032 |
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Market Analysis Units |
Value: US$ Bn, Volume: As applicable |
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Geographical Coverage |
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Segmental Coverage |
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Competitive Analysis |
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Report Highlights |
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Customization and Pricing |
Available upon request |
By Distribution Channel
By Product type
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