Global Passenger Car Accessories Market Size and Demand Analysis 2016-2024


Posted October 24, 2017 by Marktwain

Emerging trend of vehicle customization along with consumer preference towards enhanced comfort and high-performance drive are the major factor behind the strong of passenger car accessories market.

 
Growing passenger vehicle sales along with rising trend of enhancing vehicle appearance and performance is increasing the consumer’s interest towards passenger car accessories. Rising trend of customization will remain the key factor fuelling the growth of passenger car accessories market all across the globe. While astounding growth of global automotive industry hold a direct impact on the passenger car accessories market, exceptional growth is witnessed in automotive sector of BRIC nations will continue to impel the demand of passenger car accessories. The global passenger car accessories market is anticipated to expand at a compound annual growth rate of 6.4% over the forecast period i.e. 2016-2024. The market is majorly driven by the booming sales of passenger cars and technological advancement of electric passenger car accessories. The global passenger car accessories market segmentation has been carried out on the basis of product and end users. Product segment is further bifurcated into interior, exterior and electronic accessories. Non-electronic segment accounted for the 55% share in total revenue of global passenger car accessories market. Electronic segment accounted for 45% revenue share with car audio & video devices as a dominating segment. Geographically Asia Pacific region dominates the global market in terms of revenue share; Asia-Pacific passenger car accessories market valued USD 54.2 billion in 2016 and is estimated to reach USD 65.3 billion by 2024.

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Market Segmentation
• By Product Type
o Interior Accessories
• Seat Covers & cushions
• Floor Mats & Components
• Air Fresheners
• Seat Belts
• Steering wheel & Gear Knob covers
o Exterior Accessories
• Decal & Stickers
• Body Kits
• Racks & Carriers
• Wheels & Rims
• Exhaust & mufflers
• Mirrors and Glasses
• Mud & Splash Guards
o Electronic Accessories
• Car Audio & Video
• GPS And Navigation Devices
• Sensors
• Dash Cameras
• Cables And Chargers
• Lightings
• By End Users
o OEMs (Original Equipment Manufacturers)
o Aftermarket (Distributors)
• By Geography
o North America (US, Canada)
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa)
o Latin America (Brazil, Mexico and Rest of Latin America)
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)
o Rest of the World

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“Global Passenger Car Accessories Market Outlook 2024” contains detailed overview of the global passenger car accessories market in terms of market segmentation by Product type and by end users.
Further, for the in-depth analysis, the Passenger Car Accessories Market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

Global Passenger Car Accessories Market Report also provides competitive outlook of some of the major players which includes profiling of companies such as Lloyd mats, O'Reilly Auto Parts, HONDA Original, Lear Corporation, Thule Group, Pep Boys, Alps Electric, Bosch, Continental, Delphi Automotive, Mitsubishi Electric etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the global passenger car accessories market trends that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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Categories Automotive
Tags global passenger car accessories market , passenger car accessories market , passenger car accessories market size
Last Updated October 24, 2017