Global Automotive Chrome Accessories Market Overview, Trends and Growth Opportunities Forecasted till 2022

Dublin 2, Ireland, 2018-Feb-09 — /EPR Network/ — Automotive chrome accessories are added in order to increase the aesthetic value of any vehicle and in order to enhance its performance. By replacing drab and boring looking plastic parts with chrome accessories, the vehicle gets its own distinct personality and stands out from the crowd. This Fact.MR report discusses key prospects for growth of global automotive chrome accessories market during the forecast period, 2017-2022, offering pragmatic insights to lead market players towards devising & implementing informed strategies.

The scope of the report is to analyze the global automotive chrome accessories market for the period 2017-2022 and give readers an accurate, unbiased analysis. Automotive chrome accessories manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.

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4 Forecast Highlights on Global Automotive Chrome Accessories Market

1.      As per the forecast from Fact.MR, the grille covers automotive chrome accessories segment is slated to touch a value of nearly US$ 1,676 Mn in the year 2022. This represents a moderate CAGR growth during the assessment period of 2017-2022. The grille covers automotive chrome accessories segment is estimated to account for nearly one-fifth of the revenue share of the product type segment by the year 2017 end and is expected to gain in market share by the year 2022 end.

2.      As per the forecast of Fact.MR, the aftermarket automotive chrome accessories segment will reach a value of nearly US$ 5,175 Mn in the year 2017. This represents a sluggish CAGR growth during the forecast period. The aftermarket automotive chrome accessories segment is estimated to account for nearly two-third of the revenue share of the sales channel segment in the year 2017 end and is expected to lose market share by the end of the year 2022.

3.      As per the forecast of Fact.MR, the compact passenger cars segment is slated to reach a value of nearly US$ 2,771 Mn in 2022. The compact passenger cars segment is expected to gain some market value by the end of the year 2022. The largest share is contributed by the Europe region in the compact passenger cars segment.

4.      Fact.MR forecasts the Germany automotive chrome accessories market to grow from nearly US$ 843 Mn in 2017 to nearly US$ 924 Mn in 2022. This represents a compound annual growth rate (CAGR) of 1.8% from 2017 to 2022.

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Body Side Mounding Segment Poised to Touch a Value of Nearly US$ 1,786 Mn in 2022

As per the forecast of Fact.MR, the body side mounding segment is expected to reach a value of nearly US$ 1,786 Mn in the year 2022. This represents a sluggish CAGR during the forecast period of 2017-2022. Body side mounding segment is expected to account for nearly one-fifth of the revenue share of the product type segment by the year 2017 and is expected to lose market share by the end of the year 2022.

OEM Automotive Chrome Accessories Segment to exhibit a CAGR of 3.4% During the Assessment Period

As per the forecast of Fact.MR, the OEM automotive chrome accessories segment is slated to touch a figure of nearly US$ 3,682 Mn in the year 2022. This represents a CAGR of 3.4% during the assessment period from 2017 till the year 2022. This segment is expected to gain market share by the end of the year 2022. The OEM automotive chrome accessories segment is expected to account for more than one-third of the revenue share of the sales channel segment by the year 2017.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global automotive chrome accessories market through 2022, which include HELLA KGaA Hueck & Co, Thule Group AB, Oakmore Pty Ltd, Lund International, Inc., Covercraft Industries, LLC, Pep Boys – Manny, Moe & Jack, O’Reilly Automotive, Inc., U.S. Auto Parts Network, Inc., Mont Blanc Industri AB and Fratelli Menabo’ Srl.

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized automotive market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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