Car Body Kit Market Size
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 Market Trends
Sports Utility Vehicles Hold Major Share
Over the long term, factors such as rising consumer inclination toward comfort and automatic safety features, higher ground clearance, commanding driver seating position, robustness, and off-road driving capabilities are projected to drive the sports utility vehicle market.
With the growth in demand for sports utility vehicles, mid-size SUVs are in high demand as they are offered in multiple engine variants with internal combustion engines and electric options for better fuel economy. Additionally, these vehicles are provided with various transmission options, positively impacting the market.
Other factors, such as the increasing adoption of electric sports utility vehicles coupled with rapid development, will drive the market growth.
Asia-Pacific has witnessed an exponential rise in electric SUV ownership, resulting in a larger customer base. Considering the scenario, the companies are providing various options for electric SUVs in various segments, such as compact and luxury, to cater to the market. For example, In December 2023, Hyundai announced the launch of an electric option for its popular SUV, the Hyundai Creta, in India in 2024.
In addition, considering the growth of sports utility vehicles, body kit companies are focusing on various launches. For instance, in August 2023, the Honda WR-V was launched in Indonesia with a racer edition body kit installed to give it an aggressive stance.
Thus, contributing to segment growth.
Asia-Pacific Holds the Highest Share
The Asia-Pacific region is expected to grow significantly over the coming years. The region's demand for car body kits is mainly supported by increasing sales of new and used cars and commercial vehicles across China, India, and other countries. Further, as various automakers are investing in the development of electric and digital technologies for autonomous, hybrid, and electric vehicles, such is expected to positively impact the market. For instance
In January 2024, BYD launched its AI-powered smart car system to better compete with rivals on advanced technologies such as automated parking, and the company plans to invest 5 billion Chinese yuan (USD 701.8 million) to build the world’s first all-terrain professional test drive sites in cities across China.
Considering vehicle sales growth, these body kits have gained popularity in recent years, particularly among automakers and enthusiasts. Companies are focusing on various launches to cater to the increasing demand. For example, In December 2023, DAMD, a Japanese tuning company, released multiple body kits & styling parts for the Suzuki Jimny. These body kits and parts can be used to either give the small SUV a retro look or make it look like other off-roaders, such as a Toyota Land Cruiser and the Mercedes-Benz G-Wagon.
Furthermore, car performance kits can provide various additional characteristics without the need to modify or install any components or parts rather than just adding design elements. The modifications allow users to have enhanced performance and aesthetics, resulting in increased power and torque.
Thus, contributing to the market growth.
Car Body Kit Industry Overview
The Car Body Kit market is consolidated and led by globally and regionally established players. The companies adopt strategies such as new product launches, collaborations, and mergers to sustain their market positions. For instance
In September 2023, Japanese tuner DAMD revealed two new body kits for the Suzuki Jimny at the 2024 Tokyo Auto Salon. The theme for the Japanese tuner’s Jimny body kits is “European masterpiece.” DAMD also collaborated with OZ Racing to recreate a version of the classic white rally racing wheel for the Jimny, which features both new body kits.
Some of the major players in the market include NovitecGroup, Maxton Design, TECHART Automobildesign GmbH, and Others.
Car Body Kit Market Leaders
-
Novitec Group
-
Larte Design
-
ABT Sportsline
-
Brabus GmbH
-
TECHART Automobildesign GmbH
*Disclaimer: Major Players sorted in no particular order
Car Body Kit Market News
- In June 2023, Alpha-N Performance revealed two tuned BMW M2 coupes. The M2 GT is the more extreme variant with a bold body kit, while the Project “Silver” model sports a more subdued appearance. The kit features an extensive carbon body kit, including a large rear wing and a rear diffuser insert. At the front, the tuner added a lip spoiler, front fender vents, a new grille, and a new hood with a large air outlet.
- In January 2024, Hyundai revealed the menacing Ioniq 5 N NPX1 concept at the Tokyo Auto Salon. The concept is fitted with an extreme aero kit, lightweight carbon wheels, and high-performance brake pads.
Car Body Kit Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Market Drivers
- 4.1.1 Increase in Sales of Passenger Cars
-
4.2 Market Restraints
- 4.2.1 Strict Regulations by Various Government on Vehicle Modifications
-
4.3 Porters 5 Force Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION ( Market Size in USD Billion)
-
5.1 Body Style
- 5.1.1 Hatchbacks
- 5.1.2 Sedans
- 5.1.3 Sports Utility Vehicles (SUVs)
- 5.1.4 Multi-Purpose Vehicles (MPVs)
-
5.2 Body Kit Material
- 5.2.1 Fiberglass
- 5.2.2 ABS Plastic
- 5.2.3 Polyurethane
- 5.2.4 Carbon Fibre
- 5.2.5 Composites
-
5.3 Body Kit Component
- 5.3.1 Full-body Kits
- 5.3.2 Front and Rear Bumper Kits
- 5.3.3 Spoilers
- 5.3.4 Other Components (Lip Kit, Front Grille, Tuning Hoods, etc.)
-
5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Rest of North America
- 5.4.2 Europe
- 5.4.2.1 Germany
- 5.4.2.2 United Kingdom
- 5.4.2.3 Italy
- 5.4.2.4 France
- 5.4.2.5 Rest of Europe
- 5.4.3 Asia Pacific
- 5.4.3.1 India
- 5.4.3.2 China
- 5.4.3.3 Japan
- 5.4.3.4 South Korea
- 5.4.3.5 Rest of Asia-Pacific
- 5.4.4 Rest of the World
- 5.4.4.1 South America
- 5.4.4.2 Middle East
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
-
6.2 Company Profiles
- 6.2.1 Modsters Automotive
- 6.2.2 Auto Starke Private Limited
- 6.2.3 TECHART Automobildesign GmbH
- 6.2.4 Maxton Design
- 6.2.5 Novitec Group
- 6.2.6 LARTE Design
- 6.2.7 BRABUS GMBH
- 6.2.8 Mansory Design & Holding GmbH
- 6.2.9 ABT SportsLine GmBH
- 6.2.10 Motoren Mayer Technik GmbH
- 6.2.11 AC Schnitzer
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityCar 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 | North America | United States |
Canada | ||
Rest of North America | ||
Geography | Europe | Germany |
United Kingdom | ||
Italy | ||
France | ||
Rest of Europe | ||
Geography | Asia Pacific | India |
China | ||
Japan | ||
South Korea | ||
Rest of Asia-Pacific | ||
Geography | Rest of the World | South America |
Middle East |
Car Body Kit Market Research 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.
Who are the key players in Car Body Kit Market?
Novitec Group, Larte Design, ABT Sportsline, Brabus GmbH and TECHART Automobildesign GmbH are the major companies operating in the Car Body Kit Market.
Which is the fastest growing region in Car Body Kit Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Car Body Kit Market?
In 2024, the Asia-Pacific accounts for the largest market share in Car Body Kit Market.
What years does this Car Body Kit Market cover, and what was the market size in 2023?
In 2023, the Car Body Kit Market size was estimated at USD 124.44 billion. The report covers the Car Body Kit Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Car Body Kit Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Car Body Kit Industry Report
The Global Car Body Kit Market is segmented based on body style, material type, body kit component, and geography. The body styles include hatchbacks, sedans, sports utility vehicles (SUVs), and multi-purpose vehicles (MPVs). The materials used in the market range from fiberglass, ABS plastic, polyurethane, carbon fiber, to composites. The body kit components encompass full-body kits, front and rear bumper kits, spoilers, and other components such as lip kits, front grilles, and tuning hoods. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
The industry report highlights the market size in terms of value for all the segments, offering insights into the industry analysis and market trends. The market forecast provides an outlook on the expected growth rate and market value. The industry research includes a market overview and market segmentation, detailing the market growth and market leaders within the industry.
Additionally, the report includes industry information, industry reports, and industry research, offering a comprehensive industry overview. The market data and market predictions are supported by industry statistics and market segmentation, providing a detailed market review. The report is available as a free report PDF download, serving as a report example for research companies.
Overall, the market outlook and market forecast indicate promising growth, with detailed industry trends and market analysis. The market report and industry sales data offer valuable insights for stakeholders looking to understand the market dynamics and industry size. The industry outlook and market review ensure that the report is a valuable resource for those seeking industry information and market research.