Market Size of Car Body Kit Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 130.14 Billion |
Market Size (2029) | USD 161.25 Billion |
CAGR (2024 - 2029) | 4.38 % |
Fastest Growing Market | Europe |
Largest Market | Asia-Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Car Body Kit Market Analysis
The Car Body Kit Market size is estimated at USD 130.14 billion in 2024, and is expected to reach USD 161.25 billion by 2029, growing at a CAGR of 4.38% during the forecast period (2024-2029).
The increasing consumer inclination towards an entertaining driving experience and rising vehicle customization among the young population are considered primary driving factors for the market growth during the forecast period, i.e., nowadays, most people try to make themselves different from others. Car owners express their individuality using their vehicles, making them unique, more comfortable, and noticeable among other cars.
In addition, the active participation of car enthusiasts and users of premium sports and racing cars in enhancing the overall performance of the market through aerodynamic kits, bumper tuning, etc., is expected to further augment the demand in the market in the coming years. Furthermore, normal accidents with spoilers and bumper damages contribute to the demand for body kits in the market.
The trend of electrification and consumers' growing preference for using lightweight materials in the manufacturing process of body kits are expected to offer notable opportunities for the players operating in the market. Carbon fiber is one of the attractive options as it focuses on features like racetracks, such as extraordinary strength and durability against intense forces put upon it when traveling at speed for protracted periods. For example, in February 2024, Pit+Paddock debuts the Artisan Spirits Black Label carbon fiber aero kit for the all-wheel-drive and turbocharged Toyota GR Corolla.
Novitec Group, Maxton Design, TECHART Automobildesign GmbH, and Others are some of the prominent players in the market. Thus contributing to the market growth.