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 |
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.
Car Body Kit Industry Segmentation
A car body kit comprises aerodynamically customized components mainly made up of exterior modifications for the car, typically comprising front and rear bumpers (fenders), side skirts, and spoilers for the painted portion of the car. With the addition of these modifications, the outlook of the car is enhanced.
The car body kit market is segmented by Body Style (Hatchbacks, Sedans, Sports Utility Vehicles (SUVs), and Multi-Purpose Vehicles (MPVs)), by Material Type (Fiberglass, ABS Plastic, Polyurethane, Carbon Fibre, and Composites), by Body Kit Component (Full-body Kits, Front and Rear Bumper Kits, Spoilers, and Other Components (Lip Kit, Front Grille, Tuning Hoods, etc.)) and Geography (North America, Europe, Asia-Pacific, and rest of the world).
The report offers market size and forecasts for the Car Body Kit in value (USD) and volume (units) for all the above segments.
Body Style | |
Hatchbacks | |
Sedans | |
Sports Utility Vehicles (SUVs) | |
Multi-Purpose Vehicles (MPVs) |
Body Kit Material | |
Fiberglass | |
ABS Plastic | |
Polyurethane | |
Carbon Fibre | |
Composites |
Body Kit Component | |
Full-body Kits | |
Front and Rear Bumper Kits | |
Spoilers | |
Other Components (Lip Kit, Front Grille, Tuning Hoods, etc.) |
Geography | |||||||
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Car Body Kit Market Size Summary
The Car Body Kit Market is poised for significant growth, driven by a rising consumer interest in vehicle customization and the desire for a more personalized driving experience. This trend is particularly prevalent among younger demographics who seek to differentiate their vehicles through unique body kits, enhancing both aesthetics and performance. The market is further bolstered by the active involvement of car enthusiasts, especially those with premium sports and racing cars, who invest in aerodynamic kits and bumper tuning to improve vehicle performance. Additionally, the increasing adoption of lightweight materials, such as carbon fiber, presents new opportunities for market players, as these materials offer durability and strength, appealing to both performance and design-oriented consumers.
The market landscape is characterized by the presence of established players like Novitec Group, Maxton Design, and TECHART Automobildesign GmbH, who are actively engaging in product launches and collaborations to maintain their competitive edge. The Asia-Pacific region is expected to witness substantial growth, driven by the rising sales of new and used cars, including electric and hybrid vehicles. This growth is supported by the increasing popularity of sports utility vehicles (SUVs), which are offered in various engine and transmission options to cater to diverse consumer preferences. The demand for body kits is further amplified by the introduction of electric SUV models and the ongoing development of advanced automotive technologies. As a result, the market is experiencing a surge in demand for body kits, with companies focusing on innovative designs and features to meet the evolving needs of consumers.
Car Body Kit Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Increase in Sales of Passenger Cars
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1.2 Market Restraints
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1.2.1 Strict Regulations by Various Government on Vehicle Modifications
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1.3 Porters 5 Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION ( Market Size in USD Billion)
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2.1 Body Style
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2.1.1 Hatchbacks
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2.1.2 Sedans
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2.1.3 Sports Utility Vehicles (SUVs)
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2.1.4 Multi-Purpose Vehicles (MPVs)
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2.2 Body Kit Material
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2.2.1 Fiberglass
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2.2.2 ABS Plastic
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2.2.3 Polyurethane
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2.2.4 Carbon Fibre
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2.2.5 Composites
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2.3 Body Kit Component
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2.3.1 Full-body Kits
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2.3.2 Front and Rear Bumper Kits
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2.3.3 Spoilers
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2.3.4 Other Components (Lip Kit, Front Grille, Tuning Hoods, etc.)
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Rest of North America
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 Italy
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2.4.2.4 France
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2.4.2.5 Rest of Europe
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2.4.3 Asia Pacific
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2.4.3.1 India
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2.4.3.2 China
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2.4.3.3 Japan
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2.4.3.4 South Korea
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 Rest of the World
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2.4.4.1 South America
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2.4.4.2 Middle East
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Car Body Kit Market Size FAQs
How big is the Car Body Kit Market?
The Car Body Kit Market size is expected to reach USD 130.14 billion in 2024 and grow at a CAGR of 4.38% to reach USD 161.25 billion by 2029.
What is the current Car Body Kit Market size?
In 2024, the Car Body Kit Market size is expected to reach USD 130.14 billion.