Italy Exterior Car Accessories Market Research Report, 2028

Italy Exterior Car Accessories Market Research Report, 2028

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

Italy has a long and rich history in the automotive industry, dating back to the early 20th century. Italy's automotive industry is best known for its automobile designs and small city cars, sports cars, and supercars. The automotive industry makes a contribution of 8.5% to Italian GDP. Italy has a long history of automobile design and manufacturing, and many of the most iconic exterior car accessories were created by Italian designers and engineers. The automotive industry has played an important role in Italy's economy for many decades. Some of the world’s oldest and most prestigious car brands, such as Alfa Romeo, Lancia, and Maserati, were founded in Italy. Also, Italy is home to some of the world's most iconic car brands, including Ferrari, Lamborghini, Maserati, Alfa Romeo, and Fiat. Italian car design is renowned for its elegance, style, and innovation. Many of the world's most iconic car designs have been created by Italian designers and design firms, such as Pininfarina, Zagato, and Bertone. Italy has been at the forefront of automotive innovation, particularly in the areas of engine technology and aerodynamics. Italian car brands have been responsible for many important technological advances, such as the first V12 engine and the first mid-engine supercar. Italy has a strong automotive culture and a long history of producing high-quality sports cars and luxury vehicles, which may influence the types of exterior accessories that are popular among Italian car enthusiasts. Some popular exterior car accessories in Italy may include customised rims and tires, body kits, spoilers, and performance upgrades such as exhaust systems and turbochargers. According to the research report, "Italy Exterior Car Accessories Market Research Report, 2028," published by Actual Market Research, the market is expected to reach a size of more than USD 9 billion by 2028. Italian drivers are interested in aesthetic enhancements such as window tinting, decals, and custom paint jobs. Ultimately, the popularity of exterior car accessories in Italy is likely to depend on individual preferences and trends within the broader automotive community. The leading firms in the automobile industry offer technologically advanced cars that are highly competitive in terms of both costs and comfort for households. In recent years, international car brands such as Volkswagen, Citroen, and Dacia have taken over the declining demand for Fiat cars and improved their market position in the Italian car market through long-term innovation strategies. Today, Italy is home to a number of major automakers and automotive suppliers, and the industry is an important contributor to the country's economy. In addition to that, Italy has a long history of motorsports, and as a result, there are many exterior car accessories available for racing cars in the country. Aerodynamic body kits, lightweight rims and tires, performance exhaust systems, racing seats and harnesses, and custom paint jobs and vinyl wraps are some popular exterior accessories for racing cars in Italy. 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, body kits are leading the market in 2022 and are expected to dominate it by 2028. Because they provide safety and security while also improving appearance, they are expected to see increased demand across the country during the forecast period. On the other hand, the graphic stickers and reflectors segment is growing at a higher CAGR by the end of the forecast period. However, alloy wheels are also witnessing higher demands by the end of the forecast period. For instance, Pininfarina is an Italian design firm that has been responsible for some of the most iconic car designs in history. The company has also designed a wide range of exterior car accessories, including aerodynamic body kits, lightweight wheels, and high-performance brakes. On the other hand, OZ Racing is an Italian company that specialises in high-performance wheels for cars and motorcycles. The company produces a wide range of wheels that are designed to provide superior performance and style, with features such as lightweight construction, optimised spoke design, and high-speed balancing. In Italy, the production and sale of exterior car accessories are subject to government regulations, which are in place to ensure the safety and quality of these products. For instance, Italy is a member of the European Union, and therefore the country complies with EU regulations for the production and sale of exterior car accessories. These regulations cover a wide range of products, including mirrors, lamps, and other components that affect the vehicle's exterior appearance. Further, the United Nations Economic Commission for Europe (ECE) has established a set of regulations for the design and manufacture of automotive components, including exterior car accessories. These regulations cover issues such as safety, durability, and environmental impact. In Italy, all exterior car accessories must be approved for use by the Ministry of Transport and Infrastructure. This process, known as homologation, ensures that the product meets all relevant safety and quality standards. Also, Italian law requires that all exterior car accessories sold in the country come with a warranty of at least two years. This warranty covers defects in materials and workmanship and guarantees consumers the right to a replacement or repair if the product fails during the warranty period. Further, based on the report, the market is segmented into two major distribution channels, including OEM and aftermarket. In 2022, the aftermarket will dominate with higher revenue generation. In Italy, there are many specialty retailers that specialise in aftermarket automotive products, including exterior car accessories. These retailers often have a wide selection of products, including body kits, spoilers, wheels, and other components. Also, many car manufacturers and dealerships in Italy offer a selection of exterior car accessories that are designed specifically for their vehicles. These accessories may be sold through authorised dealerships or through the manufacturer's website. In addition to that, some manufacturers of exterior car accessories in Italy sell their products directly to consumers through their own websites or physical stores. However, sales from online markets are becoming a major trend across the country. E-commerce platforms such as Amazon and eBay are popular channels for the sale of exterior car accessories in Italy. Italy is rapidly adopting electric vehicles (EVs) and other low-emissions vehicles, with the government setting a target of having 60% of all new cars sold in Italy be electric or hybrid by 2030. Italian automakers and suppliers are investing heavily in developing EV technology, with companies such as FCA and Magneti Marelli announcing plans for new EV models and components. The automotive industry is an important part of Italy's economy and culture, with a long history of innovation and design. Italian automakers and suppliers continue to be leaders in the global automotive industry, and the country is well-positioned to continue playing an important role in the future of mobility. Italy has a thriving start-up scene in the automotive industry, and there are several start-ups that are focused on developing innovative exterior car accessories, including X-Light, Italiantouch, Molecube, Creaktive, and Racechip Italia. Considered in this report • Geography: Italy • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Italy 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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