China Exterior Car Accessories Market Research Report, 2028

China Exterior Car Accessories Market Research Report, 2028

Actual Market Research 28-02-2023 50 Pages Figures : 4 Tables : 16 Region : Asia-Pacific Country : China Category : Automotive & Transport Automotive Parts

The automotive industry in China is one of the largest and most rapidly growing industries in the world. SAIC Motor, Dongfeng, FAW, and Chang'an are the traditional "Big Four" domestic car manufacturers. Geely, Beijing Automotive Group, Brilliance Automotive, BYD, Chery, Guangzhou Automobile Group, Great Wall, Jianghuai, as well as foreign manufacturers such as General Motors, Volkswagen, and Toyota are some of the other Chinese automakers (JAC). These companies have invested heavily in research and development, and have established joint ventures with Chinese partners to produce and sell cars in the Chinese market. The automotive industry has undergone significant changes and developments over the years, transforming from a state-controlled system to a more open and competitive market. The growth of the automotive industry in China has been fuelled by a number of factors, including the country's rapid economic development, increasing middle-class population, and government policies aimed at promoting the industry. The Chinese government has implemented a number of measures to encourage the production and sale of automobiles, including tax incentives, subsidies for electric vehicles, and investment in infrastructure such as highways and charging stations. The history of exterior car accessories in China dates back to the 1950s and 1960s when the country's automobile industry was in its infancy. One of the earliest and most popular exterior car accessories in China was the car cover. Car covers were used to protect vehicles from dust, rain, and other environmental factors, especially in urban areas with high levels of pollution. Other popular exterior car accessories during this time included car sunshades, window tints, and body kits. In the early 2000s, as the number of private car owners in China grew, so did the demand for more personalized and unique exterior car accessories. This led to the emergence of a thriving aftermarket industry that offered a wide range of products such as spoilers, racing stripes, chrome trims, and custom headlights. According to the research report, “China Exterior Car Accessories Market Research Report, 2028” published by Actual Market Research, the market is projected to add USD 13.48 Billion market size from 2023 to 2028. Many people in China apply exterior accessories to their cars as a way to personalize and enhance the appearance of their vehicles. In recent years, the demand for exterior car accessories has grown significantly in China, driven by the increasing popularity of SUVs and luxury cars. Some of the most popular exterior car accessories in China include body kits, spoilers, rims, grilles, and performance upgrades. Many Chinese car owners also use exterior accessories as a way to express their personal style and taste. For example, some may choose to add racing stripes, custom decals, or unique paint jobs to their cars to make them stand out on the road. Additionally, some car owners may use exterior accessories as a way to demonstrate their wealth or social status, such as by adding expensive chrome trims or high-end rims to their vehicles. The use of exterior car accessories is a popular trend among Chinese car owners, and the market for these products continues to grow and evolve in response to changing consumer preferences and tastes. Based on the accessory type, body kits are projected to lead the China exterior car accessories market by the end of the forecast period. The market for exterior car accessories in China continues to grow, driven by the increasing popularity of SUVs and luxury cars. Chinese car owners now have access to a wide range of exterior accessories from both local and international brands, including body kits, rims, grilles, and performance upgrades. Some Chinese manufacturers have also started to develop their own innovative products, such as transparent car hoods and LED light strips that can be customized with different colors and patterns. China became the world's largest automobile market in 2009, surpassing the United States, and has since remained in that position. In recent years, China has also become a major player in the development and production of electric vehicles. The government has set ambitious targets for the adoption of electric vehicles, and has offered significant subsidies and incentives for both consumers and manufacturers. As a result, China has become the world's largest market for electric vehicles, with companies such as BYD, NIO, and Tesla leading the way. As the demand for electric vehicles (EVs) continues to grow in China, many manufacturers have begun producing exterior car accessories specifically designed for EVs. Some of the manufactures are Auto FINE, JJE, GreenWheel, Yuwan Electric, Changzhou Xinder-Tech Electronics Co., Ltd and Gotion High-Tech etc. Continuous growth of new and used car sales is the key factor driving VIO growth in China during the long term. The two-child policy, rising disposable income, competitive retail sales, electric vehicle penetration, and emission standard upgrade are the main drivers boosting vehicle sales growth in China. Further, the Chinese government has established a number of quality and safety standards for exterior car accessories, such as the GB/T 16433-1996 standard for automotive glass and the GB/T 19596-2004 standard for car seat belts. Companies that produce and sell exterior car accessories in China must comply with these standards in order to ensure the safety and reliability of their products. Many exterior car accessories are sold through specialized auto parts and accessories retailers, which typically carry a wide range of products such as body kits, spoilers, rims, and performance upgrades. These retailers often have physical storefronts as well as online shops and may offer installation services for their products. Some exterior car accessories are sold through auto dealerships, particularly for luxury car brands. These dealerships may offer customization options for their vehicles, such as custom paint jobs or unique body kits. Specialty shops that focus on a particular type of exterior car accessory, such as custom rims or aftermarket exhaust systems, are also common in China. These shops often have a strong reputation among enthusiasts and may offer customized installation services. However, e-commerce platforms such as Alibaba, Tuhu, Taobao, and JD.com have become increasingly popular channels for selling exterior car accessories in China. These platforms offer a wide range of products from both domestic and international brands and often feature customer reviews and ratings to help consumers make informed purchasing decisions. The Chinese automotive aftermarket is likely to be diversified by eCommerce platforms, especially in online-to-offline parts retail and repair and maintenance services. Based on the distribution channel, the market is dominated by aftermarket segment followed by OEM distribution channel. In China, many events and shows provide an opportunity for manufacturers, distributors, and consumers to come together to learn about new products and trends in the exterior car accessories market. They also provide an opportunity for networking and collaboration within the industry. For instance, China International Auto Products Expo (Shanghai) is a major event for the automotive industry in China, featuring a range of products including exterior car accessories. China International Auto Aftermarket Fair (Guangzhou) is focused specifically on the aftermarket industry in China, including exterior car accessories. Beijing International Automotive Exhibition is one of the largest auto shows in China, featuring a range of products including exterior car accessories. China International Auto Tuning Show (Beijing is focused specifically on the tuning and customization industry in China, including exterior car accessories. China International Automotive Accessories and Modification Expo (Shanghai) is another major event for the automotive accessories industry in China, including exterior car accessories. China has a vibrant racing culture, and as a result, there are several manufacturers of exterior car accessories that cater specifically to the needs of racing car enthusiasts. Some of them are Nanshan Racing Parts, Junyan Auto Parts Co., Ltd, King Motorsports, Zhejiang Yitao Automobile Accessories Co., Ltd and Dongguan Shilong Mechanical & Electrical Equipment Co., Ltd etc. In addition to that, China has a growing market for vintage cars as well. Some of the manufacturers who specialize in exterior car accessories include JC Classic Cars, Classic Auto Parts, Hangzhou Yongsheng Auto Parts Co., Ltd, Xianju Zhongyuan Auto Parts Co., Ltd and JDM Auto Parts Co., Ltd etc. Considered in this report • Geography: China • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • China Exterior Car Accessories market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation 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 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.

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