Dublin, July 16, 2024 (GLOBE NEWSWIRE) -- The "Car Body Kits - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Car Body Kits was valued at an estimated US$130.6 Billion in 2023 and is projected to reach US$162.4 Billion by 2030, growing at a CAGR of 3.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the car body kits market is driven by several factors, including the rising popularity of car customization among younger demographics, the global expansion of car enthusiast communities, and the influence of automotive shows and social media. Younger car owners, in particular, are drawn to customizing their vehicles as a form of self-expression and to stand out in a culture that increasingly values uniqueness and personalized experiences. Car enthusiast communities, both online and offline, also play a significant role, as members often seek to modify their cars to gain status or recognition within these groups.
Moreover, automotive shows, both on television and online platforms like YouTube, continually showcase the visual and performance enhancements possible through body kits, further motivating owners to invest in modifications. Finally, social media platforms provide a vast stage for car enthusiasts to display their customized vehicles, inspiring others to follow suit and contributing to market growth. This ecosystem of media influence and community engagement creates a robust demand for car body kits, driving innovation and variety in the market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Fiberglass Material segment, which is expected to reach US$76.4 Billion by 2030 with a CAGR of a 3.7%. The Carbon Fiber Material segment is also set to grow at 3.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $35.6 Billion in 2023, and China, forecasted to grow at an impressive 6.2% CAGR to reach $33.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
- How is the Global Car Body Kits Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABT SportsLine, AC Schnitzer, BRABUS and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors Featured:
- ABT SportsLine
- AC Schnitzer
- BRABUS
- DAMD Inc.
- DMC AG
- Factory Five Licensing, Inc.
- Kohl Automobile
- Larte Design
- Maxton Design
- Motoren Mayer Technik
- Novitec
- TECHART Automobildesign
- Tong Yang Group
- TopCar Design
- Yiwu Jony Auto Parts Co. Ltd.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 179 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $130.6 Billion |
| Forecasted Market Value (USD) by 2030 | $162.4 Billion |
| Compound Annual Growth Rate | 3.2% |
| Regions Covered | Global |
Key Topics Covered:
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Car Body Kits - Global Key Competitors Percentage Market Share in 2024
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Popularity of Car Customization Drives Demand for Body Kits
- Impact of Automotive Shows and Events on Trends in Body Kit Designs
- Advancements in Materials Technology Enhance Quality and Appeal of Body Kits
- Growth in Car Enthusiast Communities Propels Market Expansion
- Influence of Racing Culture on the Popularity of Aerodynamic Body Kits
- E-commerce Boom Expands Consumer Access to Diverse Body Kit Options
- Globalization of Automotive Supply Chains Affects Body Kit Availability and Cost
- Consumer Demand for Lightweight Components Spurs Innovation in Kit Materials
- DIY Trends in Car Modification Boost Sales of User-Friendly Body Kit Models
- Technological Integration in Body Kits Enhances Vehicle Performance Features
4. GLOBAL MARKET PERSPECTIVE
For more information about this report visit https://www.researchandmarkets.com/r/5penfr
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