Passenger Car Accessories Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

Fairfield Market Research has published an extensive report indicating substantial growth in the global passenger car accessories market, which is currently valued at US$ 540 billion in 2024. The market is anticipated to expand steadily at a compound annual growth rate (CAGR) of 6%, aiming to achieve US$ 810 billion by 2031.

Rising Trend of Vehicle Customization

The trend of vehicle customization is gaining momentum worldwide, fueled by a growing desire among consumers to personalize their vehicles. This is particularly evident among younger demographics who seek to enhance their driving experience and vehicle aesthetics. Chrome accessories, spoilers, LED lights, and alloy wheels are among the popular additions that improve a vehicle's appearance and functionality, thereby boosting the aftermarket for passenger car accessories.

Technological Innovations Drive Market Growth

Technological advancements play a pivotal role in the expansion of the passenger car accessories market. Digital technologies have revolutionized the way car accessories are designed and operated. Modern vehicles now come equipped with advanced infotainment systems, including CD players, Bluetooth, USB ports, video panels, GPS, and multiple speakers. These systems are not only enhancing the in-car experience but also driving the market for infotainment accessories.

Infotainment Systems Lead the Market

Infotainment systems have emerged as a dominant segment within the passenger car accessories market. High-tech vehicles, including connected and autonomous cars, are increasingly incorporating advanced infotainment systems. Automakers and tech firms are investing heavily in this space, further enhancing the market's growth potential. The adoption of smartphones and the availability of high-speed Internet have also contributed to the rising demand for infotainment systems.

Lightweight Materials in Manufacturing

Manufacturers are responding to the demand for fuel-efficient and lightweight vehicles by using materials such as high-strength steel and thermoplastics. These lightweight materials are now primary raw materials for automotive accessories, aiding in the production of components that meet stringent fuel efficiency standards. Additionally, regulatory bodies have implemented norms that mandate the replacement of automotive accessories based on their life duration, boosting the demand for aftermarket products.

Regional Insights: Europe, U.S., and Asia Pacific

Europe is anticipated to hold a significant share of the global passenger car accessories market, driven by technological advancements and high demand for music accessories and LCDs. The U.S. market is expected to witness steady growth, supported by the development of innovative products and a strong aftermarket segment. In the Asia Pacific region, India is leading the market with a robust CAGR, driven by the increasing adoption of infotainment systems and rapid technological upgrades.

Dominance of Electronics Accessories

Electronics accessories hold a prominent share in the global passenger car accessories market. Consumers' preference for an entertaining driving experience, coupled with the rise in compact passenger car sales and smartphone usage, is driving this segment. Electronic accessories such as head-up displays, dashcams, rear backup cameras, and radar blind-spot sensor kits are among the popular choices that enhance vehicle safety and entertainment.

Aftermarket Sales Channel Drives Market Expansion

The aftermarket sales channel is a significant driver of the passenger car accessories market. Increased Internet activity and e-Commerce growth have enabled manufacturers to offer high-quality products quickly and efficiently. This trend is further accelerated by the ongoing pandemic, which has boosted online shopping and demand for aftermarket car accessories.

Competitive Analysis

Grupo Antolin
Robert Bosch GmbH
Classic Soft Trim
Covercraft Industries LLC
Lloyd Mats
Pecca Group Berhad
Lippert
Continental AG
Classic Soft Trim
Lear Corporation
Denso Corporation
Robert Bosch GmbH
Alpine Company
Kenwood Corporation

Passenger Car Accessories Industry Research by Segmentation

Passenger Car Accessories Market by Type:

Interior Parts
- Electronic Accessories
Head-up Displays
Dashcams
Rear Backup Cameras
Radar Blind-Spot Sensor Kits
Ambient Lighting
Others
- Covers
- Knobs
- Car Cushions and Pillows
- Others (Floor Components, Grab Handles, Interior Lights, etc.)
Exterior Parts
- Body Kits
Bull Bars
Bumpers
Runner Bars & Steps
Rocker Panels
Spoilers
Others (Fender Flares, Tail Light Guards, Window Deflectors)
- Exhaust Mufflers
- Exterior Lights
- Roof Racks
- Window Films
- Chrome Accessories
- Others (License Plate Frames, Wheel Covers, Car Covers, etc.)

Passenger Car Accessories Market by Vehicle Type:

Compact PCs
SUVs
Mid-size PCs
Luxury

Passenger Car Accessories Market by Sales Channel:

OEMs
Aftermarket

Passenger Car Accessories Market by Region:

North America Passenger Car Accessories Market
Latin America Passenger Car Accessories Market
Europe Passenger Car Accessories Market
East Asia Passenger Car Accessories Market
South Asia Pacific Passenger Car Accessories Market
The Middle East and Africa Passenger Car Accessories Market

1. Executive Summary

1.1. Global Passenger Car Accessories Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Passenger Car Accessories Market Outlook, 2019 - 2031

3.1. Global Passenger Car Accessories Market Outlook, by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. Exterior
  - 3.1.1.2. Interior
3.2. Global Passenger Car Accessories Market Outlook, by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Compact PCs
  - 3.2.1.2. SUVs
  - 3.2.1.3. Mid-Size PCs
  - 3.2.1.4. Luxury
3.3. Global Passenger Car Accessories Market Outlook, by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. OEMs
  - 3.3.1.2. Aftermarket
3.4. Global Passenger Car Accessories Market Outlook, by Region, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 3.4.1. Key Highlights
  - 3.4.1.1. North America
  - 3.4.1.2. Europe
  - 3.4.1.3. Asia Pacific
  - 3.4.1.4. Latin America
  - 3.4.1.5. Middle East & Africa

4. North America Passenger Car Accessories Market Outlook, 2019 - 2031

4.1. North America Passenger Car Accessories Market Outlook, by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. Exterior
  - 4.1.1.2. Interior
4.2. North America Passenger Car Accessories Market Outlook, by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Compact PCs
  - 4.2.1.2. SUVs
  - 4.2.1.3. Mid-Size PCs
  - 4.2.1.4. Luxury
4.3. North America Passenger Car Accessories Market Outlook, by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. OEMs
  - 4.3.1.2. Aftermarket
- 4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Passenger Car Accessories Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 4.4.1. Key Highlights
  - 4.4.1.1. U.S. Passenger Car Accessories Market by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 4.4.1.2. U.S. Passenger Car Accessories Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 4.4.1.3. U.S. Passenger Car Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 4.4.1.4. Canada Passenger Car Accessories Market by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 4.4.1.5. Canada Passenger Car Accessories Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 4.4.1.6. Canada Passenger Car Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 4.4.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Passenger Car Accessories Market Outlook, 2019 - 2031

5.1. Europe Passenger Car Accessories Market Outlook, by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Exterior
  - 5.1.1.2. Interior
5.2. Europe Passenger Car Accessories Market Outlook, by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Compact PCs
  - 5.2.1.2. SUVs
  - 5.2.1.3. Mid-Size PCs
  - 5.2.1.4. Luxury
5.3. Europe Passenger Car Accessories Market Outlook, by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. OEMs
  - 5.3.1.2. Aftermarket
- 5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe Passenger Car Accessories Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.4.1. Key Highlights
  - 5.4.1.1. Germany Passenger Car Accessories Market by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.4.1.2. Germany Passenger Car Accessories Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.4.1.3. Germany Passenger Car Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.4.1.4. U.K. Passenger Car Accessories Market by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.4.1.5. U.K. Passenger Car Accessories Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.4.1.6. U.K. Passenger Car Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.4.1.7. France Passenger Car Accessories Market by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.4.1.8. France Passenger Car Accessories Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.4.1.9. France Passenger Car Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.4.1.10. Italy Passenger Car Accessories Market by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.4.1.11. Italy Passenger Car Accessories Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.4.1.12. Italy Passenger Car Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.4.1.13. Turkey Passenger Car Accessories Market by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.4.1.14. Turkey Passenger Car Accessories Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.4.1.15. Turkey Passenger Car Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.4.1.16. Russia Passenger Car Accessories Market by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.4.1.17. Russia Passenger Car Accessories Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.4.1.18. Russia Passenger Car Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.4.1.19. Rest of Europe Passenger Car Accessories Market by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.4.1.20. Rest of Europe Passenger Car Accessories Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 5.4.1.21. Rest of Europe Passenger Car Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.4.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Passenger Car Accessories Market Outlook, 2019 - 2031

6.1. Asia Pacific Passenger Car Accessories Market Outlook, by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Exterior
  - 6.1.1.2. Interior
6.2. Asia Pacific Passenger Car Accessories Market Outlook, by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Compact PCs
  - 6.2.1.2. SUVs
  - 6.2.1.3. Mid-Size PCs
  - 6.2.1.4. Luxury
6.3. Asia Pacific Passenger Car Accessories Market Outlook, by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. OEMs
  - 6.3.1.2. Aftermarket
- 6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific Passenger Car Accessories Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.4.1. Key Highlights
  - 6.4.1.1. China Passenger Car Accessories Market by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.4.1.2. China Passenger Car Accessories Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.4.1.3. China Passenger Car Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.4.1.4. Japan Passenger Car Accessories Market by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.4.1.5. Japan Passenger Car Accessories Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.4.1.6. Japan Passenger Car Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.4.1.7. South Korea Passenger Car Accessories Market by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.4.1.8. South Korea Passenger Car Accessories Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.4.1.9. South Korea Passenger Car Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.4.1.10. India Passenger Car Accessories Market by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.4.1.11. India Passenger Car Accessories Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.4.1.12. India Passenger Car Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.4.1.13. Southeast Asia Passenger Car Accessories Market by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.4.1.14. Southeast Asia Passenger Car Accessories Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.4.1.15. Southeast Asia Passenger Car Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.4.1.16. Rest of Asia Pacific Passenger Car Accessories Market by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.4.1.17. Rest of Asia Pacific Passenger Car Accessories Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 6.4.1.18. Rest of Asia Pacific Passenger Car Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Passenger Car Accessories Market Outlook, 2019 - 2031

7.1. Latin America Passenger Car Accessories Market Outlook, by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Exterior
  - 7.1.1.2. Interior
7.2. Latin America Passenger Car Accessories Market Outlook, by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
7.3. Latin America Passenger Car Accessories Market Outlook, by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. OEMs
  - 7.3.1.2. Aftermarket
- 7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America Passenger Car Accessories Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.4.1. Key Highlights
  - 7.4.1.1. Brazil Passenger Car Accessories Market by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.4.1.2. Brazil Passenger Car Accessories Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.4.1.3. Brazil Passenger Car Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.4.1.4. Mexico Passenger Car Accessories Market by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.4.1.5. Mexico Passenger Car Accessories Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.4.1.6. Mexico Passenger Car Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.4.1.7. Argentina Passenger Car Accessories Market by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.4.1.8. Argentina Passenger Car Accessories Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.4.1.9. Argentina Passenger Car Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.4.1.10. Rest of Latin America Passenger Car Accessories Market by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.4.1.11. Rest of Latin America Passenger Car Accessories Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 7.4.1.12. Rest of Latin America Passenger Car Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Passenger Car Accessories Market Outlook, 2019 - 2031

8.1. Middle East & Africa Passenger Car Accessories Market Outlook, by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Exterior
  - 8.1.1.2. Interior
8.2. Middle East & Africa Passenger Car Accessories Market Outlook, by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Compact PCs
  - 8.2.1.2. SUVs
  - 8.2.1.3. Mid-Size PCs
  - 8.2.1.4. Luxury
8.3. Middle East & Africa Passenger Car Accessories Market Outlook, by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. OEMs
  - 8.3.1.2. Aftermarket
- 8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa Passenger Car Accessories Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.4.1. Key Highlights
  - 8.4.1.1. GCC Passenger Car Accessories Market by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.4.1.2. GCC Passenger Car Accessories Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.4.1.3. GCC Passenger Car Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.4.1.4. South Africa Passenger Car Accessories Market by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.4.1.5. South Africa Passenger Car Accessories Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.4.1.6. South Africa Passenger Car Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.4.1.7. Egypt Passenger Car Accessories Market by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.4.1.8. Egypt Passenger Car Accessories Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.4.1.9. Egypt Passenger Car Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.4.1.10. Rest of Middle East & Africa Passenger Car Accessories Market by Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.4.1.11. Rest of Middle East & Africa Passenger Car Accessories Market by Vehicle Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
  - 8.4.1.12. Rest of Middle East & Africa Passenger Car Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. By Sales Channel vs by Vehicle Type Heat map
9.2. Manufacturer vs by Vehicle Type Heatmap
9.3. Company Market Share Analysis, 2023
9.4. Competitive Dashboard
9.5. Company Profiles
- 9.5.1. Grupo Antolin
  - 9.5.1.1. Company Overview
  - 9.5.1.2. Product Portfolio
  - 9.5.1.3. Financial Overview
  - 9.5.1.4. Business Strategies and Development
- 9.5.2. Robert Bosch GmbH
- 9.5.3. Classic Soft Trim
- 9.5.4. Covercraft Industries LLC
- 9.5.5. Lloyd Mats
- 9.5.6. Pecca Group Berhad
- 9.5.7. Lippert
- 9.5.8. Continental AG
- 9.5.9. Classic Soft Trim
- 9.5.10. Lear Corporation
- 9.5.11. Denso Corporation
- 9.5.12. Robert Bosch GmbH
- 9.5.13. Alpine Company
- 9.5.14. Kenwood Corporation

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations