Japan Automotive Exterior Parts Market was valued at USD 4 Billion in 2022 and is projected to reach USD 6 Billion by 2030, growing at a CAGR of 5.8% from 2024 to 2030.
The Japanese automotive exterior parts market is experiencing significant growth, driven by a blend of cultural enthusiasm for vehicle customization and stringent industry requirements. This market encompasses a wide range of components, including body kits, spoilers, custom wheels, LED lighting, and decals, catering to both aesthetic preferences and performance enhancements. The demand for these parts is fueled by Japan's rich car culture, which dates back to the 1960s, and the continuous innovation by manufacturers such as Toyota, Honda, Nissan, and Subaru. According to market research, the market is projected to grow at a compound annual growth rate (CAGR) of over 9% between 2023 and 2028. citeturn0search0
Key components in this market include:
Body Kits: Comprising front and rear bumpers, side skirts, and rear spoilers, these kits are designed to enhance the vehicle's aerodynamics and visual appeal. They are available in various styles, with many enthusiasts opting for kits that provide a sporty and aggressive look.
Custom Wheels: Larger and more stylish wheels are popular among Japanese car enthusiasts, with styles like mesh, split-spoke, and deep dish being prevalent choices.
LED Lighting: Under-car and wheel well LED lighting installations are common, offering unique and eye-catching aesthetics, especially during nighttime.
Decals and Vinyl Wraps: These are used to add personalized graphics and designs to vehicles, reflecting individual interests such as anime characters, sports teams, or custom artwork.
Spoilers: Chosen to improve aerodynamics and provide a sporty appearance, spoilers are a popular choice among Japanese car enthusiasts.
The market is primarily divided into two distribution channels:
Original Equipment Manufacturer (OEM): Products supplied directly by vehicle manufacturers, ensuring compatibility and adherence to factory standards.
Aftermarket: Third-party products offering a wide range of customization options, often preferred for personalization beyond factory offerings. The aftermarket segment is leading the market, offering diverse products that cater to various customization needs. citeturn0search0
Industry requirements for automotive exterior parts in Japan are stringent, focusing on safety, environmental impact, and quality. Regulations mandate that all vehicle accessories pass safety inspections before registration, covering aspects like brakes, suspension, and tires. Environmental laws aim to reduce emissions and improve fuel efficiency, influencing the design and materials used in exterior parts. Compliance with standards such as the Japanese Industrial Standards (JIS) is crucial for manufacturers and exporters. For instance, when exporting automotive parts from India to Japan, adherence to Japanese import rules, including safety, environmental, and quality standards, is essential. citeturn0search2
In summary, the Japanese automotive exterior parts market is a dynamic sector influenced by cultural trends and strict industry regulations. The growing demand for customization drives the market, while compliance with safety and environmental standards ensures the industry's sustainable development. Manufacturers and exporters aiming to enter this market must navigate these requirements to meet consumer expectations and regulatory obligations effectively.
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Plastic Pmnium
Faurecia
Magna International
Hadley Industries
Tokai Rika
TOYODA GOSEI
IAC
Hyundai Mobis
SEOYON E-HWA
Yanfeng
Jiangnan Mould＆Plastic Technology
Shuanglin Group
Jiangsu Xinquan
Minth Group
Changchun FAWAY
Huayu Automotive
Ningbo Huaxiang Electronic
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Japan Automotive Exterior Parts Market
Bumpers
Fenders
Hoods
Grilles
Mirrors
Windows
Roof Railing
Exterior Lighting
Plastic
Metal
Composite Materials
Passenger Cars
Commercial Vehicles
Motorcycles
Electric Vehicles
SUVs and Crossovers
OEMs (Original Equipment Manufacturers)
Aftermarket
Online
Offline
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Japan Automotive Exterior Parts Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Japan Automotive Exterior Parts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Japan Automotive Exterior Parts Market, By Type
6. Japan Automotive Exterior Parts Market, By Application
7. Japan Automotive Exterior Parts Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. Japan Automotive Exterior Parts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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