Commercial Vehicle Accessories Market Size-By Vehicle (Bus, Trucks, Vans), Accessories (Interior, Exterior, Cargo Management, Performance, Electronic, Customization), Sales Channel (OEM, Aftermarket), End User, Regional Outlook & Forecast, 2024-2032

Description

Commercial Vehicle Accessories Market is estimated to expand at 5% rate from 2024 to 2032, driven by the increasing demand for customization and personalization of commercial vehicles. Owners of these automotives seek accessories such as roof racks, bed liners, and cargo management systems to optimize space utilization and improve convenience. Moreover, the growing inclination towards fleet management and logistics optimization drives the demand for accessories such as GPS tracking systems, dash cameras, and telematics devices, which help improve efficiency, safety, and productivity.

Manufacturers are continuously developing innovative accessories equipped with advanced features such as wireless connectivity, smart sensors, and integrated telematics capabilities. These technological advancements provide enhanced functionality, safety, and convenience, catering to the evolving needs of fleet operators and drivers. Additionally, the integration of digital platforms and e-commerce channels facilitates easy access to a wide range of commercial vehicle accessories, favoring the market growth. As per Oberlo.com, the count of digital buyers reaches 2.71 billion in 2024, showing a consistent growth in online shopping over recent years. Compared to 2023, 2024 records an increase of 70 million digital buyers, marking a 2.7% year-over-year rise.

Commercial vehicle accessories industry is classified based on vehicle, accessories, sales channel, end-user, and region.

Cargo management segment will witness rapid expansion in the forecast period, as businesses increasingly rely on efficient transportation of goods & materials. Accessories such as bed liners, cargo racks, and tie-down systems enable commercial vehicle owners to optimize cargo space utilization, prevent damage to goods, and ensure safe transportation. Additionally, the emphasis on workplace safety and compliance with regulatory standards drives the adoption of cargo management accessories that enhance worker productivity and mitigate the risk of accidents.

Public services and utilities segment is projected to witness a strong growth during 2024 and 2032. As government agencies and utility companies expand their operations to meet the growing demand for essential services such as waste management, public transportation, and infrastructure maintenance, there is a corresponding need for specialized accessories to enhance the functionality and efficiency of their fleet vehicles. Accessories such as ladder racks, toolboxes, and safety lighting systems enable utility vehicles to perform a wide range of tasks safely and efficiently, bolstering the segment growth.

Asia Pacific commercial vehicle accessories industry share is slated to witness decent growth during 2024-2032, attributed to rapid urbanization and industrialization in the region. The surge in commercial vehicle sales creates a parallel demand for accessories to enhance functionality, safety, and aesthetics. Additionally, as governments in the region invest in infrastructure development projects and promote sustainable transportation solutions, there is a growing demand for accessories that improve fuel efficiency, reduce emissions, and enhance vehicle performance, stimulating the regional industry growth.

Product Code: 7955

Research Content

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360 degree synopsis, 2018 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Manufacturers
- 3.2.2 Raw materials
- 3.2.3 Distributors
- 3.2.4 End user
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Rising demand for productivity and efficiency
  - 3.8.1.2 Expansion of e-commerce and the increasing demand for last-mile delivery services
  - 3.8.1.3 Urbanization and ongoing infrastructure development projects
  - 3.8.1.4 Increasing awareness among businesses and consumers about the importance of vehicle safety
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 Intense competition among accessory manufacturers
  - 3.8.2.2 Fluctuations in the prices of raw materials
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Vehicle ($Bn)

5.1 Key trends
5.2 Bus
5.3 Trucks
5.4 Vans
5.5 Others

Chapter 6 Market Estimates & Forecast, By Accessories, 2018-2032 ($Bn)

6.1 Key trends
6.2 Interior
6.3 Exterior
6.4 Cargo management
6.5 Performance
6.6 Electronic
6.7 Customization

Chapter 7 Market Estimates & Forecast, By Sales Channel ($Bn)

7.1 Key trends
7.2 OEMs
7.3 Aftermarket

Chapter 8 Market Estimates & Forecast, By End User ($Bn)

8.1 Key trends
8.2 Transportation and logistics
8.3 Construction and infrastructure
8.4 E-commerce and delivery services
8.5 Public services and utilities
8.6 Others

Chapter 9 Market Estimates & Forecast, By Region ($Bn)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.3.7 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 Aisin Seiki Co., Ltd.
10.2 BASF SE
10.3 Calsonic Kansei Corporation
10.4 ContiTech AG
10.5 Delphi Technologies
10.6 Denso Corporation
10.7 Faurecia S.A.
10.8 JTEKT Corporation
10.9 Lear Corporation
10.10 Mahle GmbH
10.11 Robert Bosch GmbH
10.12 Schaeffler AG
10.13 Sumitomo Electric Industries, Ltd.
10.14 Thule Group AB
10.15 Thyssenkrupp AG
10.16 Toyota Boshoku Corporation
10.17 Valeo SA
10.18 Yanfeng International Automotive Technology Co. Ltd.
10.19 Yazaki Corporation
10.20 ZF Friedrichshafen AG