Vehicle Customization Trending in Developing Regions, Uplifting Revenue Sales of

Posted by Arslan on February 18th, 2019

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.

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. Although promising comeback of a range of chrome trim products is expected to continue generating steady demand for automotive chrome accessories, the overall sales of chrome trim products will remain passive - exhibiting a CAGR of just over 2.5% during 2017-2022.

Browse Full report with TOC:

https://www.factmr.com/report/142/automotive-engine-cover-market

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.

Automotive Chrome Accessories Market: Competition Analysis

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.