Japan Exterior Car Accessories Market Research Report, 2028

Japan Exterior Car Accessories Market Research Report, 2028

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

The automotive industry in Japan is one of the most prominent and largest industries in the world. Japan has been in the top three of the countries with most cars manufactured since the 1960s, surpassing Germany. Japanese car culture is unique and exciting as the country is the birthplace of car manufacturers like Honda, Subaru, Nissan, Toyota, Mazda, and Mitsubishi. These companies have competed with each other for decades, pushing performance boundaries and developing new technologies. This resulted in the production of some of the most iconic vehicles – the Supra, Skyline and the RX-7. The history of exterior car accessories in Japan dates back to the early 1960s when the car culture began to take off. During this time, Japanese car enthusiasts were looking for ways to customize their vehicles and make them stand out from the crowd. One of the first and most popular exterior car accessories in Japan was the "spinner" hubcap. These hubcaps featured a spinning center cap that would rotate while the car was in motion, creating a visual effect that was popular among car enthusiasts. Today, the market for exterior car accessories in Japan is still thriving, with a wide variety of products available for car enthusiasts to customize their vehicles. From carbon fiber hoods and fender flares to LED lighting and custom paint jobs, the options for customizing a car's exterior are nearly endless. According to the research report, “Japan Exterior Car Accessories Market Research Report, 2028” published by Actual Market Research, the market is forecasted to grow with more than 9% CAGR by 2023-28. In Japan, customization of cars is a popular hobby among car enthusiasts. The Japanese automotive culture is known for its focus on personalization and customization, and exterior car accessories are a significant part of this culture. Car enthusiasts in Japan often add a variety of exterior accessories to their vehicles, ranging from spoilers and body kits to custom paint jobs and decals. Many of these accessories are designed to improve the appearance of the vehicle and make it stand out from the crowd. In addition to aesthetic improvements, exterior car accessories can also improve the performance of a vehicle. For example, aerodynamic body kits can reduce drag and improve handling, while performance exhaust systems can increase horsepower and torque. Overall, exterior car accessories are a popular and significant part of the automotive culture in Japan, and many people enjoy customizing their vehicles with a wide variety of accessories. In Japan, body kits have become a popular way to customize the appearance of a vehicle. These kits typically include front and rear bumpers, side skirts, and a rear spoiler. They are available in a wide range of styles and designs, and many Japanese car enthusiasts choose body kits that give their vehicles a more aggressive and sporty look. Additionally, custom wheels are also witnessing higher demands. Many Japanese car enthusiasts choose wheels that are larger and more stylish than the stock wheels that came with their vehicles. Some popular styles include mesh, split-spoke, and deep dish wheels. Further, LED lighting for car is emerging across the country. Many Japanese car enthusiasts install LED lights under the car or in the wheel wells to create a unique and eye-catching look. Decals and vinyl wraps are a also popular way to add graphics and designs to a vehicle. Many Japanese car enthusiasts choose decals and vinyl wraps that reflect their interests or personalities, such as anime characters, sports teams, or graphic designs. However, spoilers are becoming a great choice in Japan to improve the aerodynamics of a vehicle and give it a more sporty appearance. Many Japanese car enthusiasts choose spoilers that are large and aggressive, and that complement the other exterior accessories on their vehicles. Among the accessories type, body kit segment is leading the market in 2022. Some of the major manufactures for exterior car accessories in Japan include Top Secret, Varis, Mugen, TOM’S and TRD. The Japanese government has regulations in place for exterior car accessories to ensure that they are safe and comply with environmental and traffic laws. The regulations apply to both domestically manufactured and imported accessories. One of the primary regulations in Japan is the Automobile Inspection and Registration Act. This law requires that all vehicles and their accessories pass a safety inspection before they can be registered and driven on public roads. The inspection covers various safety aspects of the vehicle, including the brakes, suspension, and tires. In addition to safety regulations, the Japanese government has also introduced environmental regulations in recent years. These regulations aim to reduce emissions and improve fuel efficiency, and they apply to both vehicles and their accessories. For example, the government has set limits on the amount of carbon dioxide that can be emitted by new vehicles, and they have introduced fuel efficiency standards for new cars. However, Japan is known for its innovative automotive technology, particularly in the area of hybrid and electric vehicles. Toyota, in particular, has been a leader in hybrid technology with its popular Prius model. Further, the market is segmented into two major distribution channels including OEM and aftermarket. Among them, aftermarket is leading in 2022. TOYOTA GAZOO Racing (TGR) and Lexus were on display at the three-day Tokyo Auto Salon 2023, which was held from January 13 to 15, 2023 at Makuhari Messe (in Chiba, Japan). Toyota and Lexus were also present at the concurrent Tokyo Outdoor Show *2 at the same location. Under the shared theme of "Toyota: Leaving no car lovers behind", TGR, Lexus, and Toyota are exhibiting vehicles and automotive parts in line with the three concepts of "Carbon neutrality for protecting beloved cars", "Making ever-better motorsports-bred cars", and "Diverse lifestyles to enjoy with beloved cars". TGR and Lexus will also propose new ways to enjoy cars and motorsports in the carbon-neutral era during the events, including talk sessions with professional racing drivers and development engineers as well as demo runs. Considered in this report • Geography: Japan • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Japan 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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