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Passenger Car Accessories Market Report 2024 | Insight, Trends, Demand & Competitors Analysis

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(Free Press Release) The global passenger car accessories market is expected to expand at a CAGR of 6.4% over the forecast period i.e. 2016-2024.

Passenger Car Accessories Market Report 2024 | Insight, Trends, Demand & Competitors Analysis


According to Goldstein Research, Growing passenger vehicle sales and growing trend of enhancing vehicle appearance and performance increasing the consumer’s interest towards passenger car accessories. This rapid shift of consumer interest is expected to be major factor behind strong growth of passenger car accessories market. Rising trend of customization will remain the key factor driving demand for passenger car accessories across the globe. While astounding growth of global automotive industry hold a direct impact on the global passenger car accessories market, exceptional growth is witnessed in automotive sector of BRIC nations will continue to impel passenger car accessories market.

Global passenger car accessories market is segmented based on product and by 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.  The market is majorly driven by the booming sales of passenger cars and technological advancement in electric passenger car accessories market.

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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) {Market Share (%), Market Size (USD Billion)}

o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}

o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion) }

o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion) }

o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion) }

o Rest of the World{Market Share (%), Market Size (USD Billion) }

Asia-Pacific Passenger Car Accessories Market dominated the global market in terms of revenue share, and is expected to dominate the market during the forecast period of 2016-2024. Asia-Pacific passenger car accessories market size valued USD 54.2 billion in 2016 and is estimated to reach USD 65.3 billion by 2024. China is expected to dominate the passenger car accessories market followed by India due to large passenger cars production in these countries. Rising personal disposable income and readiness to spend on car accessories is accelerating Asia-Pacific passenger car accessories market.

“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, Passenger Car Accessories Market research 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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About Goldstein Research

Goldstein Research is a leading market research and advisory firm in US, currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Backed up by reliable research and impactful statistics, our business solutions empower our clients to grow at a fast pace despite unsettling fluctuations in the market. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

Contact for more Info:

Steve Blade

(Global Sales Head)

USA: + 1-646-568-7747

Canada: +1-437-886-1181

UK: +44-203-318-6627

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Passenger Car Accessories Market Report 2024 | Insight, Trends, Demand & Competitors Analysis

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