Europe Car Exterior Accessories Market Size, By Country, 2018-2027 (USD Million)
Synopsis
The above chart is Europe Car Exterior Accessories Market Size, By Country, 2018-2027 (USD Million)
Market Dynamics
the demand for car exterior accessories is constantly growing in europe, making it one of the most lucrative markets globally. europe has always been a hub for automotive innovation and technological advancements, and this trend is reflected in the demand for car exterior accessories as well. from functional and practical accessories to aesthetic and stylish ones, the market in europe has a wide range of options for consumers.
in 2018, the europe car exterior accessories market size was valued at usd million and it is expected to reach a substantial usd million by 2027, growing at a steady cagr during the forecast period. this growth can be attributed to several factors, including the growing popularity of personalization and customization of vehicles, the increasing consumer awareness about safety and enhanced driving experience, and the rising disposable income of consumers in the region.
some of the prominent countries contributing to the growth of the europe car exterior accessories market are germany, france, uk, italy, spain, and russia, among others. germany holds the largest market share in the region, owing to its strong automotive industry and the presence of major car manufacturers. the country is renowned for its luxury and high-performance car brands, thereby boosting the demand for premium exterior accessories. additionally, the growing trend of incorporating advanced technology in vehicles has also led to an increase in demand for exterior accessories such as advanced lighting systems, rearview cameras, and automatic windshield wipers in germany.
france is another key market in europe for car exterior accessories, with a significant market share in terms of value. the increasing demand for electric and hybrid cars in france has fueled the demand for exterior accessories like charging ports and charging cables. moreover, the country is well-known for its fashion and aesthetic sense, leading to a rise in demand for stylish and trendy exterior accessories.
other countries in europe are also witnessing a surge in demand for car exterior accessories, owing to the expansion of the automotive industry, increasing consumer preference for personalization, and the availability of a wide range of products. with the rise in sales of new cars and the growing trend of vehicle customization, the europe car exterior accessories market is expected to witness steady growth in the coming years.