Germany Exterior Car Accessories Market Research Report, 2028

Germany Exterior Car Accessories Market Research Report, 2028

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

Germany is one of the world’s leading car producers and is well-known for its excellence in the automotive industry. Today, the automotive industry in Germany is one of the most innovative and competitive industries, having the third-highest car production in the world and the fourth-highest vehicle production in general. Also, Germany is, by some distance, Europe's leading production and sales market. The country's world-class R&D infrastructure, complete industry value chain integration, and highly qualified workforce create an internationally peerless automotive environment. Nothing moves Germans more than their cars, as they are the main means of transport in Germany. At the same time, cars kindle emotions; they symbolise freedom and dynamism, status, lifestyle, and power. Cult automobiles such as the Volkswagen Beetle or the East German Trabant are "motorized" memories of German history. Germany is known for its car culture, and many car enthusiasts and drivers are interested in customising and upgrading their vehicles. Exterior car accessories, such as body kits, spoilers, wheels, and lighting systems, are a popular way to personalise and enhance the appearance and performance of a car. In recent years, there has been an increasing trend towards individualization and customization in the automotive industry, and this trend has driven demand for a wide range of exterior car accessories in Germany. From high-performance wheels to custom paint jobs to unique body kits, there is a growing market for innovative and high-quality exterior car accessories in the country. According to the research report, "Germany Exterior Car Accessories Market Research Report, 2028," published by Actual Market Research, the market is anticipated to grow by USD 5.86 billion in size from 2023 to 2028. Germany is known throughout the world for producing high-quality, dependable automobiles that last a lifetime, owing to the country's involvement in the industry since the invention of the automobile, with Carl Benz designing the first automobile to use an internal combustion engine and electric ignition. Many German car manufacturers offer a variety of factory-approved exterior car accessories for their vehicles, allowing customers to personalise their vehicles while still maintaining the manufacturer's warranty and quality standards. This has made it easier and more convenient for Germans to add exterior car accessories to their vehicles, driving demand for these products even higher. German automobiles are built by highly skilled engineers who choose a career path before graduating from high school. Manufacturing is a respected industry in the country, and people take pride in the craftsmanship that their car brands have become known for. As the birthplace of the modern automobile, Germany's automobile industry is widely regarded as the most competitive and innovative in the world. Based on the report, the market is segmented into various accessory types including 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. Body kit exterior car accessories are leading in Germany because they offer a combination of aesthetic appeal, performance enhancements, customization options, high-quality construction, and manufacturer support that is highly valued by car enthusiasts and drivers in the country. There are several companies in Germany that specialise in the production and distribution of exterior car accessories. For instance, Hella is a leading German manufacturer of automotive lighting and electronic equipment. In 2021, the company will introduce a new LED lighting system for commercial vehicles, which offers improved visibility and reduced energy consumption. Hella also announced plans to expand its production capacity for electric vehicle components, including exterior lighting systems. KW Automotive is a German company that specializes in the production of performance suspension systems and other aftermarket car accessories. In 2021, the company will introduce a new line of coilover suspension systems for the latest generation of Volkswagen Golf GTI and R models. KW Automotive also announced a strategic partnership with a leading Chinese automotive aftermarket company to expand its market presence in Asia. Furthermore, ABT Sportsline is a German tuning company that specialises in the customization of Audi and Volkswagen cars. In 2021, the company introduced a new range of exterior upgrades for the Audi RS6 Avant, including a new front grille, carbon fibre side skirts, and 22-inch alloy wheels. ABT Sportsline also announced plans to launch a new line of electric vehicle tuning products, including exterior styling upgrades and performance enhancements. These developments are projected to boost the demands for exterior car accessories across the country during the upcoming timeframe. The automotive company MINI has launched MINI Yours Customized, a new 3D printing service that will allow customers to design custom interior and exterior trim pieces and have them 3D printed for their car. There are a wide range of components to modify and choose from, including the side scuttles for the exterior turn signals, the passenger-side dash trim, LED aluminium door sills, and the LED door projector. MINI is utilising 3D printing and laser cutting technology within its production facilities in Germany to deliver these unique, customised parts to customers. The 3D printing service will allow customers to select, design, or upgrade parts from the new online shop. These parts take just a few weeks to be manufactured before they’re ready for the road. In addition to that, MINI Yours Customized offers a user-friendly customization tool that enables every customer to use their own creativity. Each design can be selected and configured before being sent to the facility for production. For example, the customer can choose different colors, surface finishes, and patterns for their side scuttles and trims. With the help of MINI’s parent company, BMW Group, the automotive marque has gotten its hands on some impressive 3D printing technology. According to the report, the exterior car accessories market in Germany is divided into two major distribution channels: OEM and aftersales. Among them, the aftersales segment is leading the market in 2022 and is expected to continue its dominance by the end of the forecast period. There are many automotive parts retailers in Germany that sell exterior car accessories. These retailers typically have physical storefronts where customers can browse and purchase products, and many also have online stores where customers can place orders for home delivery or pickup in-store. Examples of automotive parts retailers in Germany include ATU, A.T.U. Auto-Teile-Unger, and AutoZone. Further, online marketplaces like Amazon, eBay, and AutoScout24 also offer a wide selection of exterior car accessories for sale in Germany. These marketplaces allow customers to browse and purchase products from a variety of sellers, and many offer fast and convenient shipping options. Some German companies that specialise in exterior car accessories sell their products directly to consumers through their own websites or physical storefronts. Examples of German companies that sell exterior car accessories directly to consumers include ABT Sportsline, Rieger Tuning, and Oettinger. SUVs are becoming increasingly popular in Germany, and many owners are interested in customizing and upgrading their vehicles to improve their appearance and performance. Popular exterior car accessories for SUVs include roof racks, side steps, and off-road lighting systems. In addition to that, sports cars are also becoming a popular choice for exterior car accessories in Germany, as many car enthusiasts are drawn to the high-performance and aggressive styling of these vehicles. Popular exterior car accessories for sports cars include body kits, spoilers, wheels, and exhaust systems. As electric cars become more popular in Germany, there is a growing demand for exterior car accessories that are specifically designed for these vehicles. Popular accessories for electric cars include charging accessories, aerodynamic upgrades, wheel upgrades, sound systems, and high-tech lighting systems. In Germany, exterior car accessories are subject to various government regulations aimed at ensuring safety, environmental protection, and compliance with technical standards. For instance, the StVZO sets out the legal requirements for vehicles and their equipment, including exterior car accessories. The StVZO covers a wide range of equipment, from lighting systems to mirrors to exhaust systems, and specifies the technical standards that must be met to ensure safe and legal operation on German roads. The TÜV is a government-approved organisation responsible for conducting mandatory vehicle inspections in Germany. These inspections are designed to ensure that vehicles are roadworthy and comply with legal and technical requirements, including those related to exterior car accessories. Vehicles must pass a TÜV inspection before they can be registered for use on German roads. Also, Germany has strict regulations on noise emissions from vehicles, including those related to exterior car accessories such as exhaust systems. These regulations are designed to protect public health and the environment by limiting the amount of noise that vehicles can generate. Germany is committed to reducing greenhouse gas emissions from vehicles and has established strict emissions standards for cars and trucks. These standards apply to all aspects of vehicle design and equipment, including exterior car accessories such as air intakes and exhaust systems. Considered in this report • Geography: Germany • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Germany 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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