Global Car Accessories Market Research Report By Type, by End User, by Distribution Channel, and By Region Forecast Till 2032

Description

List of Tables

Global Car Accessories Market Research Report By Type (Interior accessories {Infotainment System, Seat Covers, Mats, Central Locking System, Odor Remover, Device Charger, Communication System, Switches, and Others.} and Exterior Accessories {LED Lights, Alloy Wheels, Chrome Accessories, Body Kit, Racks, Window Films, Covers, Crash Guards, and Others}), by End User (Individual, and Commercial and Fleet Owner), by Distribution Channel (Online Retail, Automotive OEMS, and Mass Merchandisers), and By Region (North America, Europe, Asia-Pacific, Middle East and Africa, South and Central America) Forecast Till 2032

Overview of the Market

In 2023, the car accessories market was estimated to be worth USD 67378.5 million. According to projections, the car accessories market would expand at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2032, from USD 70949.6 million to USD 107663.1 million. The market for car accessories is expanding rapidly due to a number of important factors. Spending on interior accessories has increased, and customer desire for customization has increased as well. Demand is also fueled by the expanding automotive sector and growing customer inclination for personalization, which enables individuals to express their individual styles through personalized accessories.

Due to a few variables, including inflation and changing consumer preferences, online sales of vehicle parts and accessories increased to $9.13 billion in 2023 compared to the previous year. Other interior extras like personalized seat covers, floor mats, and entertainment systems will surely gain popularity as well due to the rising need for automobile investments. The demographic data shows that younger consumers, between the ages of 25 and 44, have started to buy online, which translates into a need for greater convenience and personalization when it comes to car ownership.

Perspectives on Market Segments

The market for car accessories has been divided into two segments based on type: external and interior accessories. The infotainment system, seat covers, mats, central locking system, odor remover, device charger, communication system, switches, and others are further subdivided into the interior accessories. LED lights, alloy wheels, chrome accessories, body kits, racks, window films, covers, crash guards, and other items are included in the exterior accessories category.

The market for car accessories has been divided into three segments based on end users: individual, commercial, and fleet owner.

Regional Perspectives

North America, Europe, Asia-Pacific, the Middle East and Africa, and South and Central America are the regions for which the study offers market information. The United States, Canada, and Mexico make up North America.

For several reasons, the North American automobile accessory market is expanding rapidly. People are looking for different features for their cars because of increased car ownership and spending as their purchasing power rises. People who are interested in new technologies that will help customize a car and the driving experience are drawn to technological advancements, especially in smart and connected automobile accessories. Additionally, the need for high-quality and innovative accessories has expanded due to the necessity for additions that would improve vehicle maintenance and personalization.

The market for auto accessories in Europe is growing because of numerous important factors. First, the demand and sales of all these cars, as well as the desire for sophisticated and self-identical cars, drive growth. Customers who want to enhance the performance and security of their vehicles are drawn to smart and connected accessories. Another important element influencing the market for eco-friendly and energy-saving accessories is the notions of eco-efficiency and use. Simultaneously, the availability of many products through an e-shop and various online retailing platforms makes functional motives evident. Additionally, it supports market expansion since the European car industry's emphasis on innovation and personalization aligns with the needs and desires of consumers.

Key Players

Adient PLC, Denso Corporation, Harman International, Kenwood Corporation, Grupo Antolin, Panasonic Corporation, Faurecia, Lear Corporation, Robert Bosch GmbH, Alpine Company, Westfalia Automotive, Coverking, WeatherTech, AG Roush Performance, and Other Players are important players in the car accessories market.

Product Code: MRFR/AM/11178-CR

1 EXECUTIVE SUMMARY

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 OVERVIEW
3.2 DATA FLOW
- 3.2.1 DATA MINING PROCESS
3.3 PURCHASED DATABASE:
3.4 SECONDARY SOURCES:
- 3.4.1 SECONDARY RESEARCH DATA FLOW:
3.5 PRIMARY RESEARCH:
- 3.5.1 PRIMARY RESEARCH DATA FLOW:
- 3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED
3.6 APPROACHES FOR MARKET SIZE ESTIMATION:
- 3.6.1 REVENUE ANALYSIS APPROACH
3.7 DATA FORECASTING
- 3.7.1 DATA FORECASTING TECHNIQUE
3.8 DATA MODELING
- 3.8.1 MICROECONOMIC FACTOR ANALYSIS:
- 3.8.2 DATA MODELING:
3.9 TEAMS AND ANALYST CONTRIBUTION

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 INCREASE IN SPENDING ON INTERIOR ACCESSORIES
- 4.2.2 GROWING AUTOMOTIVE INDUSTRY
- 4.2.3 RISE IN CONSUMER DEMAND FOR PERSONALIZATION
4.3 RESTRAINT
- 4.3.1 INCREASE IN SPENDING ON INTERIOR ACCESSORIES
4.4 OPPORTUNITY
- 4.4.1 GROWING AUTOMOTIVE AFTERMARKET
- 4.4.2 INCREASING ADOPTION OF ELECTRIC VEHICLES (EVS)
4.5 COVID-19 IMPACT ANALYSIS
- 4.5.1 IMPACT ON OVERALL AUTOMOTIVE INDUSTRY
- 4.5.2 IMPACT ON OVERALL CAR ACCESSORIES INDUSTRY
  - 4.5.2.1 ECONOMIC IMPACT
- 4.5.3 IMPACT ON THE SUPPLY CHAIN OF CAR ACCESSORIES
  - 4.5.3.1 PRICE VARIATION OF KEY RAW MATERIAL
  - 4.5.3.2 PRODUCTION SHUTDOWN
  - 4.5.3.3 CASH FLOW CONSTRAINTS
  - 4.5.3.4 IMPACT ON IMPORT AND EXPORT
- 4.5.4 IMPACT ON MARKET DEMAND
  - 4.5.4.1 IMPACT DUE TO LOCKDOWN AND RESTRICTIONS
  - 4.5.4.2 CASH FLOW CONSTRAINTS
- 4.5.5 IMPACT ON PRICING OF CAR ACCESSORIES MARKET

5 MARKET FACTOR ANALYSIS

5.1 VALUE CHAIN ANALYSIS
- 5.1.1 RAW MATERIAL SUPPLIERS
- 5.1.2 MANUFACTURERS
- 5.1.3 DISTRIBUTORS
- 5.1.4 END-USERS
- 5.1.5 AFTERMARKET SUPPLIERS
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTE PRODUCTS OR SERVICES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
5.3 PATENT TREND ANALYSIS
5.4 REGULATORY FRAMEWORK
5.5 MARKET SWOT ANALYSIS
5.6 MARKET PESTLE ANALYSIS
- 5.6.1 POLITICAL FACTORS:
- 5.6.2 ECONOMIC FACTORS:
- 5.6.3 SOCIAL FACTORS:
- 5.6.4 TECHNOLOGICAL FACTORS:
- 5.6.5 LEGAL FACTORS:
- 5.6.6 ENVIRONMENTAL FACTORS:

6 GLOBAL CAR ACCESSORIES MARKET, BY TYPE

6.1 INTRODUCTION
6.2 INTERIOR ACCESSORIES
- 6.2.1 INFOTAINMENT SYSTEM
- 6.2.2 SEAT COVERS
- 6.2.3 MATS
- 6.2.4 CENTRAL LOCKING SYSTEM
- 6.2.5 ODOR REMOVER
- 6.2.6 DEVICE CHARGER
- 6.2.7 COMMUNICATION SYSTEM
- 6.2.8 SWITCHES
- 6.2.9 OTHERS
6.3 EXTERIOR ACCESSORIES
- 6.3.1 LED LIGHTS
- 6.3.2 ALLOY WHEELS
- 6.3.3 CHROME ACCESSORIES
- 6.3.4 BODY KITS
- 6.3.5 RACKS
- 6.3.6 WINDOW FILMS
- 6.3.7 COVERS
- 6.3.8 CRASH GUARDS
- 6.3.9 OTHERS

7 GLOBAL CAR ACCESSORIES MARKET, BY END USER

7.1 INTRODUCTION
7.2 INDIVIDUAL
7.3 COMMERCIAL AND FLEET OWNER

8 GLOBAL CAR ACCESSORIES MARKET, BY DISTRIBUTION CHANNEL

8.1 INTRODUCTION
8.2 ONLINE RETAIL
8.3 AUTOMOTIVE OEMS
8.4 MASS MERCHANDISERS

9 GLOBAL CAR ACCESSORIES MARKET, BY REGION

9.1 OVERVIEW
9.2 NORTH AMERICA
- 9.2.1 US
- 9.2.2 CANADA
- 9.2.3 MEXICO
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 SWEDEN
- 9.3.7 TURKEY
- 9.3.8 REST OF EUROPE
9.4 ASIA-PACIFIC
- 9.4.1 CHINA
- 9.4.2 JAPAN
- 9.4.3 INDIA
- 9.4.4 AUSTRALIA
- 9.4.5 SOUTH KOREA
- 9.4.6 REST OF ASIA-PACIFIC
9.5 MIDDLE EAST & AFRICA
- 9.5.1 UAE
- 9.5.2 SAUDI ARABIA
- 9.5.3 SOUTH AFRICA
- 9.5.4 REST OF MIDDLE EAST & AFRICA
9.6 SOUTH & CENTRAL AMERICA
- 9.6.1 BRAZIL
- 9.6.2 ARGENTINA
- 9.6.3 REST OF SOUTH & CENTRAL AMERICA

10 COMPETITIVE LANDSCAPE

10.1 INTRODUCTION
10.2 MARKET SHARE ANALYSIS, 2023 (%)
10.3 COMPETITOR DASHBOARD
10.4 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 10.4.1 NEW PRODUCT DEVELOPMENT/PARTNERSHIP/ACQUISITION

11 COMPANY PROFILE

11.1 CONTINENTAL AG
- 11.1.1 COMPANY OVERVIEW
- 11.1.2 FINANCIAL OVERVIEW
- 11.1.3 PRODUCTS OFFERED
- 11.1.4 KEY DEVELOPMENTS
- 11.1.5 SWOT ANALYSIS
- 11.1.6 KEY STRATEGIES
11.2 ADIENT PLC.
- 11.2.1 COMPANY OVERVIEW
- 11.2.2 FINANCIAL OVERVIEW
- 11.2.3 PRODUCTS OFFERED
- 11.2.4 KEY DEVELOPMENTS
- 11.2.5 SWOT ANALYSIS
- 11.2.6 KEY STRATEGIES
11.3 DENSO CORPORATION
- 11.3.1 COMPANY OVERVIEW
- 11.3.2 FINANCIAL OVERVIEW
- 11.3.3 PRODUCTS OFFERED
- 11.3.4 KEY DEVELOPMENTS
- 11.3.5 SWOT ANALYSIS
- 11.3.6 KEY STRATEGIES
11.4 HARMAN INTERNATIONAL.
- 11.4.1 COMPANY OVERVIEW
- 11.4.2 FINANCIAL OVERVIEW
- 11.4.3 PRODUCTS OFFERED
- 11.4.4 KEY DEVELOPMENTS
- 11.4.5 SWOT ANALYSIS
- 11.4.6 KEY STRATEGIES:
11.5 KENWOOD CORPORATION
- 11.5.1 COMPANY OVERVIEW
- 11.5.2 FINANCIAL OVERVIEW
- 11.5.3 PRODUCTS OFFERED
- 11.5.4 KEY DEVELOPMENTS
- 11.5.5 SWOT ANALYSIS
- 11.5.6 KEY STRATEGIES
11.6 GRUPO ANTOLIN
- 11.6.1 COMPANY OVERVIEW
- 11.6.2 FINANCIAL OVERVIEW
- 11.6.3 PRODUCTS OFFERED
- 11.6.4 KEY DEVELOPMENTS
- 11.6.5 SWOT ANALYSIS
- 11.6.6 KEY STRATEGIES
11.7 PANASONIC CORPORATION
- 11.7.1 COMPANY OVERVIEW
- 11.7.2 FINANCIAL OVERVIEW
- 11.7.3 PRODUCTS OFFERED
- 11.7.4 KEY DEVELOPMENTS
- 11.7.5 SWOT ANALYSIS
- 11.7.6 KEY STRATEGIES
11.8 FORVIA
- 11.8.1 COMPANY OVERVIEW
- 11.8.2 FINANCIAL OVERVIEW
- 11.8.3 PRODUCTS OFFERED
- 11.8.4 KEY DEVELOPMENTS
- 11.8.5 SWOT ANALYSIS
- 11.8.6 KEY STRATEGIES
11.9 LEAR CORPORATION
- 11.9.1 COMPANY OVERVIEW
- 11.9.2 FINANCIAL OVERVIEW
- 11.9.3 PRODUCTS OFFERED
- 11.9.4 KEY DEVELOPMENTS
- 11.9.5 SWOT ANALYSIS
- 11.9.6 KEY STRATEGIES:
11.10 ROBERT BOSCH GMBH
- 11.10.1 COMPANY OVERVIEW
- 11.10.2 FINANCIAL OVERVIEW
- 11.10.3 PRODUCTS OFFERED
- 11.10.4 KEY DEVELOPMENTS
- 11.10.5 SWOT ANALYSIS
- 11.10.6 KEY STRATEGIES
11.11 ALPINE COMPANY
- 11.11.1 COMPANY OVERVIEW
- 11.11.2 FINANCIAL OVERVIEW
- 11.11.3 PRODUCTS OFFERED
- 11.11.4 KEY DEVELOPMENTS
- 11.11.5 SWOT ANALYSIS
- 11.11.6 KEY STRATEGIES
11.12 WESTFALIA AUTOMOTIVE
- 11.12.1 COMPANY OVERVIEW
- 11.12.2 FINANCIAL OVERVIEW
- 11.12.3 PRODUCTS OFFERED
- 11.12.4 KEY DEVELOPMENTS
- 11.12.5 SWOT ANALYSIS
- 11.12.6 KEY STRATEGIES
11.13 COVERKING
- 11.13.1 COMPANY OVERVIEW
- 11.13.2 FINANCIAL OVERVIEW
- 11.13.3 PRODUCTS OFFERED
- 11.13.4 KEY DEVELOPMENTS
- 11.13.5 SWOT ANALYSIS
- 11.13.6 KEY STRATEGIES
11.14 MACNEIL IP LLC
- 11.14.1 COMPANY OVERVIEW
- 11.14.2 FINANCIAL OVERVIEW
- 11.14.3 PRODUCTS OFFERED
- 11.14.4 KEY DEVELOPMENTS
- 11.14.5 SWOT ANALYSIS
- 11.14.6 KEY STRATEGIES
11.15 ROUSH PERFORMANCE PRODUCTS, INC.
- 11.15.1 COMPANY OVERVIEW
- 11.15.2 FINANCIAL OVERVIEW
- 11.15.3 PRODUCTS OFFERED
- 11.15.4 KEY DEVELOPMENTS
- 11.15.5 SWOT ANALYSIS
- 11.15.6 KEY STRATEGIES