From USD 57.73 Bn to USD 73.20 Bn by 2030

𝐂𝐚𝐫 𝐌𝐨𝐝𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 size was valued at USD 57.73 Bn. in 2023 and the total revenue is expected to grow at 3.45% from 2024 to 2030, reaching nearly USD 73.20 Bn.

𝐂𝐚𝐫 𝐌𝐨𝐝𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

The global car modification market has experienced significant growth, driven by the increasing number of car owners seeking to enhance their vehicle’s performance and aesthetics. Car modification can be broadly categorized into performance and cosmetic modifications. Performance modifications include alterations to core components like wheels, suspension, and exhaust systems, which enhance vehicle performance. Cosmetic modifications, such as changing stripes, speaker systems, and other visual improvements, cater to car owners looking to personalize the appearance of their vehicles. The market has been further propelled by the growing automotive industry, particularly in developing nations, as well as the rising trend of consumers modifying their cars to stand out and increase the resale value of their vehicles.

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐒𝐞𝐞 𝐭𝐡𝐞 𝐓𝐫𝐞𝐧𝐝𝐬? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚:

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐂𝐚𝐫 𝐌𝐨𝐝𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭:

A significant driver for the car modification market is the growing preference among consumers for personalized and unique vehicles. As the automotive industry expands and urbanization accelerates globally, more consumers are opting to modify their cars to enhance both functionality and appearance. With increasing disposable incomes, consumers are spending more on enhancing the driving experience, including modifications aimed at improving fuel efficiency and comfort. Car modification not only helps differentiate vehicles from others on the road but also adds to their resale value, making it a popular choice among car owners.

Additionally, the rise of the youth demographic seeking customization in their vehicles has further fueled the demand for car modifications. Young car owners, in particular, are looking for ways to express their personality and style through their cars. The increasing availability of a wide range of aftermarket products, coupled with the growing popularity of performance-oriented modifications, has played a pivotal role in driving the market forward. Furthermore, the rise in environmental awareness has prompted the demand for modifications that enhance fuel efficiency, contributing to the market’s growth.

𝐂𝐚𝐫 𝐌𝐨𝐝𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

One of the major trends in the car modification market is the growing popularity of modifications focused on vehicle aesthetics. Cosmetic changes, such as body kits, custom paint jobs, upgraded lighting systems, and advanced speaker setups, are gaining traction as consumers strive to make their cars stand out and reflect personal style. This trend is particularly evident among younger car owners, who see their vehicles as a form of self-expression. Additionally, the trend toward enhancing the performance of vehicles, especially with the rise in demand for electric vehicles (EVs) and hybrid models, is also driving innovation in aftermarket products.

𝐓𝐡𝐞 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬 𝐜𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫:

𝐂𝐚𝐫 𝐌𝐨𝐝𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

The growing trend of car modification in emerging markets presents significant opportunities for manufacturers and service providers in the automotive aftermarket industry. As disposable incomes rise in countries such as India, China, and Brazil, the demand for personalized and modified vehicles is also increasing. The opportunity to cater to a larger consumer base is particularly appealing to aftermarket product manufacturers, as well as service providers offering modification services. By focusing on affordable, high-quality products tailored to the needs of emerging markets, companies can tap into a lucrative growth segment.

Another opportunity in the car modification market lies in the development of eco-friendly modifications. With the rising concern over environmental sustainability, consumers are increasingly looking for modifications that improve fuel efficiency or reduce a vehicle’s carbon footprint. Modifications such as improved fuel injectors, eco-friendly exhaust systems, and weight-reduction upgrades are gaining popularity. As governments and regulatory bodies continue to push for greener solutions in the automotive sector, there is ample room for innovation in the market, especially in the development of environmentally conscious car modifications that appeal to eco-minded consumers.

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐂𝐚𝐫 𝐌𝐨𝐝𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭:

𝐕𝐢𝐞𝐭𝐧𝐚𝐦:

𝐒𝐨𝐮𝐭𝐡𝐞𝐚𝐬𝐭 𝐀𝐮𝐭𝐨 𝐌𝐨𝐝𝐬 (𝐒𝐀𝐌), a leading Vietnamese car modification company, has recently acquired 𝐕𝐢𝐞𝐭𝐓𝐞𝐜𝐡 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧𝐬 to expand its presence in the performance tuning segment. This acquisition will allow SAM to introduce innovative modification solutions for the growing number of motor enthusiasts in Vietnam.

𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞:

𝐒𝐩𝐞𝐞𝐝𝐓𝐮𝐧𝐢𝐧𝐠 𝐒𝐆 has acquired 𝐋𝐮𝐱𝐌𝐨𝐝𝐬 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 in Singapore, enhancing its service offerings in both performance tuning and aesthetic modifications. The acquisition will strengthen SpeedTuning’s position as a leader in high-end modifications, particularly for luxury cars in the region.

𝐉𝐚𝐩𝐚𝐧:

In Japan, Kiyoshi Tuning Co. and 𝐓𝐨𝐤𝐲𝐨 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐏𝐚𝐫𝐭𝐬 (𝐓𝐏𝐏) have announced a strategic partnership. This collaboration aims to leverage TPP’s extensive knowledge in high-performance parts while utilizing Kiyoshi’s customization services for both local and international markets.

𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚:

𝐊𝐨𝐫𝐞𝐚𝐧 𝐀𝐮𝐭𝐨 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬 (𝐊𝐀𝐈) has acquired GTR Custom Works, a firm specializing in high-performance tuning for sports cars. This acquisition strengthens KAI’s portfolio, enabling it to offer advanced solutions for performance tuning and vehicle modifications across South Korea.

𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐂𝐨𝐮𝐧𝐭𝐫𝐢𝐞𝐬:

𝐀𝐮𝐭𝐨𝐌𝐨𝐝𝐬 𝐄𝐮𝐫𝐨𝐩𝐞, a well-established car modification brand, has acquired EuroTuning GmbH in Germany. The acquisition will expand AutoMods’ footprint in the European market, particularly in the tuning of electric vehicles and hybrid cars, addressing the rising demand for sustainable modifications.

𝐔𝐒𝐀:

𝐀𝐦𝐞𝐫𝐢𝐜𝐚𝐧 𝐂𝐚𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐫𝐬 (ACC) has entered into a merger agreement with Tuning Innovations LLC, a leading provider of aftermarket parts. The merger will allow ACC to scale its operations, offering a wider range of modification options to its growing customer base across the United States.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐮𝐥𝐥 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 @

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐚𝐫 𝐌𝐨𝐝𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭:

by Type

Overall modification

Local modification

by Vehicle Type

Hatchback

Utility vehicle

Sedan

by Category

Performance

Cosmetic

𝐅𝐨𝐫 𝐦𝐨𝐫𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐯𝐢𝐬𝐢𝐭:

𝐖𝐡𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐂𝐚𝐫 𝐌𝐨𝐝𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞?

1. BRABUS

2. RENNtech, Inc.

3. Twisted Automotive

4. AC Schnitzer

5. Carroll Shelby International

6. AMG

7. Shelby

8. M-Power

9. Skg Modifiers

10. TRD

11. ABT

12. Monster customs

13. Krazy House Customs

14. FINEAUTO

15. Kar Zone

20. UGI Corporation

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 :

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♦ Antisense & RNAi Therapeutics Market https://www.maximizemarketresearch.com/market-report/global-antisense-rnai-therapeutics-market/46233/.

♦ Global Moisture Analyzer Market https://www.maximizemarketresearch.com/market-report/global-moisture-analyzer-market/65157/

♦ Global UltraMobile Devices Market https://www.maximizemarketresearch.com/market-report/global-ultra-mobile-devices-market/60156/

♦ Global Tissue Sealants Market https://www.maximizemarketresearch.com/market-report/global-tissue-sealants-market/77797/

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