In terms of global GDP contribution, the automotive industry is considerable. According to the World Association of Car Manufacturers (OICA), the automotive industry contributed 3.65% of global GDP in 2017. In terms of employment, the automotive industry has a lot to offer. For example, in 2020, the automobile industry will have contributed 3% to the US gross domestic product (GDP) and employed over 4.1 million people across the country. The growth of the automobile sector is directly proportional to the growth of the car accessory market. As a result, an increase in global demand for personal vehicles is expected to enhance the automotive accessories industry.
The automotive accessories industry is predicted to grow in response to customers' growing preference for pleasant travel. The worldwide car accessories market is predicted to be fueled by rising consumer preference for an exciting, luxurious driving experience, rising tendencies toward moving automobile accessories, and a spike in vehicle customisation among the young population. Due to rising competition among vehicle manufacturers, automakers are likely to provide a variety of car accessories to attract a larger number of customers and obtain a competitive advantage over their competitors. As a result, the automobile accessories market is expected to grow during the forecast period.
Read More: https://medium.com/@dataguy.cmi/exterior-car-accessories-market-drivers-and-overview-77b0e66257d0
Click here for Exterior Car Accessories Market Report: https://www.coherentmarketinsights.com/market-insight/exterior-car-accessories-market-1868
Click here for Exterior Car Accessories Market Press Release: https://www.coherentmarketinsights.com/press-release/global-exterior-car-accessories-market-to-surpass-us-27378-billion-by-2026-973
