Automotive Chrome Accessories Market: Automotive Chrome Accessories will Remain a Preferred Choice for Plating Among Passenger Vehicle Manufacturers

Posted on 2019-06-20 by Mark Hub in Automotive // 0 Comments

Rockville, USA, 2019-Jun-20 — /EPR Network/ —

The report intelligence on global automotive chrome accessories reveals that during the course of assessment i.e. 2017-2022, the global automotive chrome accessories market revenue will see passive growth at below 3% CAGR. The roughly US$ 8 Bn automotive chrome accessories market is poised to face a longstanding challenging scenario through 2022 and ahead, prominently owing to scarce chrome ore supply and health concerns regarding the use of hexavalent chromium in plating. A majority of automakers and players competing in the global automotive chrome accessories are thus strategizing a shift towards a wide range of available alternatives to chrome plating such as plating with nickel and nickel alloys, media-blasting, bare metal and powder coating, ABS plastic, and decorative plating. However, some leading automobile manufacturers are still innovating the use of automotive chrome accessories in their recent and upcoming launches – the latest example of this innovation includes Mahindra’s Marazzo.

Automotive chrome accessories have been a popular means of improving overall aesthetics of vehicles, including everything from door handles and taillights to internal automotive infrastructure. With exceptional shine and high resistance to tarnishing, these chrome-plates automotive chrome accessories impart a sense of style and luxury to vehicles at affordable costs.

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Chrome Trim Products Are Back, Estimated to Sustain Steady Sales of Automotive Chrome Accessories

In addition to enhancing aesthetics of vehicles, automotive chrome accessories prominently improve the vehicle resistance to weathering. While chrome trim perfectly matches the OEM factory finish, it also allows vehicle features to stand out with a luxurious aesthetic appeal. The versatility and diversity of chrome usage will continue to sustain the sales of automotive chrome accessories in the near future.

As indicated by the global automotive chrome accessories market report by Fact.MR, automotive chrome accessories will remain a preferred choice for plating among passenger vehicle manufacturers over the forecast period. Although the growth of automotive chrome accessories sale is poised to not exceed the CAGR 2.5% over 2017-2022 in premium as well as med-sized passenger cars (PCs), it is anticipated that compact and luxury PCs will demonstrate relatively higher CAGR values of over 3% through 2022. Product type assessment concludes that body side mouldings, door handle covers, and grille covers will remain the top selling automotive chrome accessories in the market towards 2022 end. Door handle cover sales are poised to witness relatively faster expansion at a CAGR of over 3.5% during 2017-2022.

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About the Report: Automotive Chrome Accessories Market

Although door handles, automotive body mouldings, tail light covers, and fuel doors are among the most purchased chrome-plated automotive chrome accessories globally, a recent study predicts that the global automotive chrome accessories market will encounter passive growth prospects over the next five years. During 2017-2022, the approximately US$ 8 Bn automotive chrome accessories market will barely exceed US$ 9.5 Bn by 2022 end. The report provides an extensive analysis of the current and futuristic scenario of automotive chrome accessories market over the given period.

Automotive Chrome Accessories Market: Competition Landscape

The report on global automotive chrome accessories market tracks some of the prominent players participating in the competitive landscape of automotive chrome accessories market. HELLA KGaA Hueck & Co, Oakmore Pty Ltd, Thule Group AB, Covercraft Industries, LLC, Lund International, Inc., Pep Boys – Manny, O’Reilly Automotive, Inc., Moe & Jack, U.S. Auto Parts Network, Inc., Fratelli Menabo’ Srl, and Mont Blanc Industri AB are some of the companies that have been assessed in terms of their profiles, financial status, key offerings, developmental strategies, and value shares in the automotive chrome accessories market.

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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 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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