Car Accessories Market - Global Industry Analysis

Car Accessories Market By Products (Working Lights, Torches, Appearance Accessories, Warning Lights, Driving Lights, Interior Lights, E-Sets, Interior Accessories, Lifestyle Gadget, Instruments And Gauges, Safety, Light Module Tuning, Performance/Stylish/Luminaire Tuning, Vision Products, Appearance Chemicals, Gas & Oil Additives, Solar Powered HVAC Systems, Retrofit Air Conditioner Sets, And Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028

Published Date: 14-May-2021 Category: Consumer Goods Report Format : PDF Pages: 130 Report Code: ZMR-1476 Status : Published

The global car accessories market accounted for USD 487.79 Billion in 2020 and is expected to reach USD 753.05 Billion by 2028, growing at a CAGR of 6.4% from 2021 to 2028.

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Description

Market Overview

The global car accessories market accounted for USD 487.79 Billion in 2020 and is expected to reach USD 753.05 Billion by 2028, growing at a CAGR of 6.4% from 2021 to 2028.

The car accessories play an important role in improving the safety and aesthetic value of an automobile. The automobile consumers across the globe are inclined towards equipping their cars with essential accessories required for improving performance and passenger comfort. The car accessories ranges from the basic appearance improving product to the most advanced e-seat in a vehicle. Rising competition in the passenger vehicle market has triggered a trend in incorporating essential car accessories, that were previously considered luxury, to gain competitive edge in the market. This has played a key role in shaping the global car accessories market.

COVID-19 Impact Analysis

The global car accessories market has witnessed a mild impact in the sales for short term due to the halt in public movement amidst the lockdown enforced by governments to contain and prevent spreading of COVID-19. The consumer spending on the vehicle accessories has decreased significantly across the globe. However, emergence of cars as preferred mode of transportation in the developing countries has offered opportunity to the aftermarket sale of car accessories, thereby keeping the demand in motion. The production halts amidst the lockdown has impacted the demand for car accessories across the globe.

Global Car Accessories Market

Growth Factors

Increased passenger vehicle sales, rising awareness regarding on-road safety, growing technology integration into automobiles, increasing demand for electric vehicles, and shifting preference towards enhancing vehicle appearance are the key forces driving the global car accessories market. Consumer preference for high aesthetic value automobiles has increased significantly across the developing countries across Asia Pacific and Africa. Additionally, the demand for safety accessories has witnessed significant growth during the past couple of years owing to increased consumer awareness and government initiatives. This has significantly contributed towards the growth of the global car accessories during past couple of years and is anticipated to be a key factor driving the growth of the global car accessories market over coming years.

Report Scope:

Report Attribute	Details
Base Year	2020
Historic Years	2016 - 2020
Forecast Years	2021 - 2028
Segments Covered	By Product Type, By Application, and By End Use
Forecast Units	Value (USD Billion), and Volume (Units)
Quantitative Units	Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered	U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered	10 companies with scope for including additional 15 companies upon request
Report Coverage	Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope	Avail customized purchase options to meet your exact research needs.

Product Segment Analysis Preview

Based on product, the global car accessories market is segmented into working lights, torches, appearance accessories, warning lights, driving lights, interior lights, e-sets, interior accessories, lifestyle gadget, instruments and gauges, safety, light module tuning, performance/stylish/luminaire tuning, vision products, appearance chemicals, gas & oil additives, solar powered HVAC systems, retrofit air conditioner sets, and others.

The safety accessories segment accounted for a prominent share to the global car accessories market in 2019 and is anticipated to be the fastest growing segment during the forecast period. The awareness regarding the importance of safety features such as airbags is rising at a high rate across the globe. Additionally, the growth in sales of automobiles across the globe during past half decade has contributed towards the growth of the car accessories market. The major automobile manufacturers such as Toyota Group, VW Group, Renault-Nissan-Mitsubishi, General Motors, Hyundai-Kia Group, Honda, and Ford witnessed prominent growth in the number of vehicles sold in 2019. This has not only accounted for increased demand for safety car accessories from the automotive original equipment manufacturers, but has significantly contributed to increased demand from the aftermarket applications.

Along with the rising demand for safety accessories, the lighting accessories such as the warning lights, driving lights, and interior lights collectively contributed more than 15% to the global car accessories market in 2019 and are expected to be among the fastest growing segments during the forecast period. Among these, the warning lights segment is anticipated to be the fastest segment during the forecast period. The warning lights are increasingly being used to improve visibility and on-road safety across the European and Asia countries, thereby contributing towards the growth of the global car accessories market.

Moreover, automotive OEMs are focusing to enhance the aesthetic value of automotive along with improving the safety and efficiency of automobiles. For instance, fog lamps and adjustable seats are being provided in the base models by major automobile manufacturers across the globe. The largest Indian automobile manufacturer, the Tata Motors, has equipped the base models of its vehicle with essential safety features to improve road safety. This has fueled the demand for multiple car accessories during the past couple of years. Further, incorporation of essential features has shifted the focus of automobile buyers towards appearance accessories and is anticipated to play an important role in the growth of the global car accessories market in the coming years.

Additionally, the demand for electric vehicles is anticipated to surge during the forecast period owing to rising awareness regarding the impact of fossil fuel burning. The demand and production of electric vehicles has witnessed prominent growth across major countries such as India, China, the U.S., and the European Union. This has contributed towards the growth in demand for improved or updated car accessories and is anticipated to be a prime factor driving the growth of the global car accessories market during the coming years.

Regional Analysis Preview

Asia Pacific held the largest share of the global car accessories market in 2020 and is anticipated to be the fastest growing segment during the forecast period owing to increasing number of cars across major countries such as India, Indonesia, and Malaysia. However, government initiatives towards the use of public transport and increasing investment in public transport infrastructure in major countries such as China and Japan are anticipated to hinder the growth of the Asia Pacific car accessories market in coming years. However, strong aftermarket demand for car accessories across the region is anticipated to be a key factor driving the growth of Asia Pacific car accessories market during the forecast period.

Key Market Players & Competitive Landscape

Some of key players in car accessories market are U.S. Auto Parts Network Inc., Cover craft Industries LLC, Lloyd Mats, Star Automotive Accessories, Robert Bosch GmbH, Hyundai Motor Company, Roush Performance, JCA Fleet Services, Classic Soft Trim, Renault, Honda Motor Co., Ltd. among others.

The global Car Accessories market is segmented as follows:

By Product

Working Lights
Torches
Appearance Accessories
Warning Lights
Driving Lights
Interior Lights
E-Sets
Interior Accessories
Lifestyle Gadget
Instruments And Gauges
Safety
Light Module Tuning
Performance/Stylish/Luminaire Tuning
Vision Products
Appearance Chemicals
Gas & Oil Additives
Solar Powered HVAC Systems
Retrofit Air Conditioner Sets
Others

By Region

North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa

Table Of Content

Chapter 1. Introduction
- 1.1. Report Description
  - 1.1.1. Purpose of the Report
  - 1.1.2. USP & Key Offerings
- 1.2. Key Benefits for Stakehulders
- 1.3. Target Audience
- 1.4. Report Scope
Chapter 2. Executive Summary
- 2.1. Key Findings
  - 2.1.1. Top Investment Pockets
  - 2.1.2. Market Attractiveness Analysis, By Product
  - 2.1.3. Market Attractiveness Analysis, By Region
- 2.2. Market Snapshot
- 2.3. Global Car Accessories Market, 2016 – 2028 (USD Billion)
- 2.4. Insights from Primary Respondents
Chapter 3. COVID 19 Impact Analysis
- 3.1. Impact Assessment of COVID-19 Pandemic, By Region
  - 3.1.1. North America
  - 3.1.2. Europe
  - 3.1.3. Asia Pacific
  - 3.1.4. Latin America
  - 3.1.5. The Middle-East and Africa
- 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
- 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
- 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
- 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
  - 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
- 3.6. Short Term Dynamics
- 3.7. Long Term Dynamics
Chapter 4. Car Accessories Market –Product Segment Analysis
- 4.1. Overview
  - 4.1.1. Market Revenue Share, By Product, 2020 & 2028
- 4.2. Working Lights
  - 4.2.1. Market Size and Forecast, By Region (USD Billion)
  - 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.2.3. Key Market Trends, Growth Factors, & Opportunities
- 4.3. Torches
  - 4.3.1. Market Size and Forecast, By Region (USD Billion)
  - 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.3.3. Key Market Trends, Growth Factors, & Opportunities
- 4.4. Appearance Accessories
  - 4.4.1. Market Size and Forecast, By Region (USD Billion)
  - 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.4.3. Key Market Trends, Growth Factors, & Opportunities
- 4.5. Warning Lights
  - 4.5.1. Market Size and Forecast, By Region (USD Billion)
  - 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.5.3. Key Market Trends, Growth Factors, & Opportunities
- 4.6. Driving Lights
  - 4.6.1. Market Size and Forecast, By Region (USD Billion)
  - 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.6.3. Key Market Trends, Growth Factors, & Opportunities
- 4.7. Interior Lights
  - 4.7.1. Market Size and Forecast, By Region (USD Billion)
  - 4.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.7.3. Key Market Trends, Growth Factors, & Opportunities
- 4.8. E-Sets
  - 4.8.1. Market Size and Forecast, By Region (USD Billion)
  - 4.8.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.8.3. Key Market Trends, Growth Factors, & Opportunities
- 4.9. Interior Accessories
  - 4.9.1. Market Size and Forecast, By Region (USD Billion)
  - 4.9.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.9.3. Key Market Trends, Growth Factors, & Opportunities
- 4.10. Lifestyle Gadget
  - 4.10.1. Market Size and Forecast, By Region (USD Billion)
  - 4.10.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.10.3. Key Market Trends, Growth Factors, & Opportunities
- 4.11. Instruments And Gauges
  - 4.11.1. Market Size and Forecast, By Region (USD Billion)
  - 4.11.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.11.3. Key Market Trends, Growth Factors, & Opportunities
- 4.12. Safety
  - 4.12.1. Market Size and Forecast, By Region (USD Billion)
  - 4.12.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.12.3. Key Market Trends, Growth Factors, & Opportunities
- 4.13. Light Module Tuning
  - 4.13.1. Market Size and Forecast, By Region (USD Billion)
  - 4.13.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.13.3. Key Market Trends, Growth Factors, & Opportunities
- 4.14. Performance/Stylish/Luminaire Tuning
  - 4.14.1. Market Size and Forecast, By Region (USD Billion)
  - 4.14.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.14.3. Key Market Trends, Growth Factors, & Opportunities
- 4.15. Vision Products
  - 4.15.1. Market Size and Forecast, By Region (USD Billion)
  - 4.15.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.15.3. Key Market Trends, Growth Factors, & Opportunities
- 4.16. Appearance Chemicals
  - 4.16.1. Market Size and Forecast, By Region (USD Billion)
  - 4.16.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.16.3. Key Market Trends, Growth Factors, & Opportunities
- 4.17. Gas & Oil Additives
  - 4.17.1. Market Size and Forecast, By Region (USD Billion)
  - 4.17.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.17.3. Key Market Trends, Growth Factors, & Opportunities
- 4.18. Sular Powered HVAC Systems
  - 4.18.1. Market Size and Forecast, By Region (USD Billion)
  - 4.18.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.18.3. Key Market Trends, Growth Factors, & Opportunities
- 4.19. Retrofit Air Conditioner Sets
  - 4.19.1. Market Size and Forecast, By Region (USD Billion)
  - 4.19.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.19.3. Key Market Trends, Growth Factors, & Opportunities
- 4.20. Others
  - 4.20.1. Market Size and Forecast, By Region (USD Billion)
  - 4.20.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.20.3. Key Market Trends, Growth Factors, & Opportunities
Chapter 5. Car Accessories Market – Regional Analysis
- 5.1. Overview
  - 5.1.1. Global Market Revenue Share, By Region, 2020 & 2028
  - 5.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
- 5.2. North America
  - 5.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
  - 5.2.2. U.S.
    - 5.2.2.1. U.S. Market Revenue, By Product, 2016 – 2028
  - 5.2.3. Canada
    - 5.2.3.1. Canada Market Revenue, By Product, 2016 – 2028
  - 5.2.4. Mexico
    - 5.2.4.1. Mexico Market Revenue, By Product, 2016 – 2028
- 5.3. Europe
  - 5.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
  - 5.3.2. Europe Market Revenue, By Product, 2016 – 2028
  - 5.3.3. Germany
    - 5.3.3.1. Germany Market Revenue, By Product, 2016 – 2028
  - 5.3.4. France
    - 5.3.4.1. France Market Revenue, By Product, 2016 – 2028
  - 5.3.5. U.K.
    - 5.3.5.1. U.K. Market Revenue, By Product, 2016 – 2028
  - 5.3.6. Italy
    - 5.3.6.1. Italy Market Revenue, By Product, 2016 – 2028
  - 5.3.7. Spain
    - 5.3.7.1. Spain Market Revenue, By Product, 2016 – 2028
  - 5.3.8. Rest of Europe
    - 5.3.8.1. Rest of Europe Market Revenue, By Product, 2016 – 2028
- 5.4. Asia Pacific
  - 5.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
  - 5.4.2. China
    - 5.4.2.1. China Market Revenue, By Product, 2016 – 2028
  - 5.4.3. Japan
    - 5.4.3.1. Japan Market Revenue, By Product, 2016 – 2028
  - 5.4.4. India
    - 5.4.4.1. India Market Revenue, By Product, 2016 – 2028
  - 5.4.5. South Korea
    - 5.4.5.1. South Korea Market Revenue, By Product, 2016 – 2028
  - 5.4.6. South-East Asia
    - 5.4.6.1. South-East Asia Market Revenue, By Product, 2016 – 2028
  - 5.4.7. Rest of Asia Pacific
    - 5.4.7.1. Rest of Asia Pacific Market Revenue, By Product, 2016 – 2028
- 5.5. Latin America
  - 5.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
  - 5.5.2. Latin America Market Revenue, By Product, 2016 – 2028
  - 5.5.3. Brazil
    - 5.5.3.1. Brazil Market Revenue, By Product, 2016 – 2028
  - 5.5.4. Argentina
    - 5.5.4.1. Argentina Market Revenue, By Product, 2016 – 2028
  - 5.5.5. Rest of Latin America
    - 5.5.5.1. Rest of Latin America Market Revenue, By Product, 2016 – 2028
- 5.6. Middle-East and Africa
  - 5.6.1. Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
  - 5.6.2. Middle-East and Africa Market Revenue, By Product, 2016 – 2028
  - 5.6.3. GCC Countries
    - 5.6.3.1. GCC Countries Market Revenue, By Product, 2016 – 2028
  - 5.6.4. South Africa
    - 5.6.4.1. South Africa Market Revenue, By Product, 2016 – 2028
  - 5.6.5. Rest of Middle-East and Africa
    - 5.6.5.1. Rest of Middle-East and Africa Market Revenue, By Product, 2016 – 2028
Chapter 6. Car Accessories Market – Industry Analysis
- 6.1. Introduction
- 6.2. Market Drivers
  - 6.2.1. Driving Factor 1 Analysis
  - 6.2.2. Driving Factor 2 Analysis
- 6.3. Market Restraints
  - 6.3.1. Restraining Factor Analysis
- 6.4. Market Opportunities
  - 6.4.1. Market Opportunity Analysis
- 6.5. Porter’s Five Forces Analysis
- 6.6. PEST Analysis
- 6.7. Regulatory Landscape
- 6.8. Technology Landscape
- 6.9. Regional Market Trends
  - 6.9.1. North America
  - 6.9.2. Europe
  - 6.9.3. Asia Pacific
  - 6.9.4. Latin America
  - 6.9.5. The Middle-East and Africa
- 6.10. Pricing Analysis
- 6.11. Value Chain Analysis
- 6.12. Downstream Buyers
- 6.13. Distributors/Traders List
Chapter 7. Competitive Landscape
- 7.1. Company Market Share Analysis – 2019
  - 7.1.1. Global Car Accessories Market: Company Market Share, 2019
  - 7.1.2. Global Car Accessories Market, Company Market Revenue, 2016 – 2019 (USD Billion)
  - 7.1.3. Global Car Accessories Market, Company Y-o-Y Growth, 2017 – 2019 (%)
  - 7.1.4. Global Car Accessories Market: Radar Determinant Chart, 2019
- 7.2. Strategic Developments
  - 7.2.1. Acquisitions & Mergers
  - 7.2.2. New Product Launch
  - 7.2.3. Regional Expansion
- 7.3. Company Strategic Developments – Heat Map Analysis
Chapter 8. Company Profiles
- 8.1. Robert Bosch GmbH
  - 8.1.1. Company Overview
  - 8.1.2. Key Executives
  - 8.1.3. Product Portfolio
  - 8.1.4. Financial Overview
  - 8.1.5. Operating Business Segments
  - 8.1.6. Business Performance
  - 8.1.7. Recent Developments
- 8.2. U.S. Auto Parts Network Inc.
- 8.3. Cover craft Industries LLC
- 8.4. Lloyd Mats
- 8.5. Star Automotive Accessories
- 8.6. Hyundai Motor Company
- 8.7. Roush Performance
- 8.8. JCA Fleet Services
- 8.9. Classic Soft Trim
- 8.10. Renault
- 8.11. Honda Motor Co., Ltd.
Chapter 9. Marketing Strategy Analysis
- 9.1. Marketing Channel
- 9.2. Direct Marketing
- 9.3. Indirect Marketing
- 9.4. Marketing Channel Development Trends
- 9.5. Economic/Pulitical Environmental Change
Chapter 10. Research Methodology
- 10.1. Research Methodology
- 10.2. Phase I - Secondary Research
- 10.3. Phase II - Data Modeling
  - 10.3.1. Company Share Analysis Model
  - 10.3.2. Revenue Based Modeling
- 10.4. Phase III - Primary Research
- 10.5. Research Limitations
  - 10.5.1. Assumptions

Table Of Figures

List of Figures

FIG NO. 1. Market Attractiveness Analysis, By Product
FIG NO. 2. Market Attractiveness Analysis, By Region
FIG NO. 3. Global Car Accessories Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 4. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 5. Market Revenue Share, By Product, 2020 & 2028
FIG NO. 6. Global Car Accessories Market for Working Lights, Revenue (USD Billion) 2016 – 2028
FIG NO. 7. Comparative Revenue Analysis of Car Accessories Market for Working Lights, By Country, 2020 & 2028
FIG NO. 8. Global Car Accessories Market for Torches, Revenue (USD Billion) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Car Accessories Market for Torches, By Country, 2020 & 2028
FIG NO. 10. Global Car Accessories Market for Appearance Accessories, Revenue (USD Billion) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Car Accessories Market for Appearance Accessories, By Country, 2020 & 2028
FIG NO. 12. Global Car Accessories Market for Warning Lights, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Car Accessories Market for Warning Lights, By Country, 2020 & 2028
FIG NO. 14. Global Car Accessories Market for Driving Lights, Revenue (USD Billion) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Car Accessories Market for Driving Lights, By Country, 2020 & 2028
FIG NO. 16. Global Car Accessories Market for Interior Lights, Revenue (USD Billion) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Car Accessories Market for Interior Lights, By Country, 2020 & 2028
FIG NO. 18. Global Car Accessories Market for E-Sets, Revenue (USD Billion) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Car Accessories Market for E-Sets, By Country, 2020 & 2028
FIG NO. 20. Global Car Accessories Market for Interior Accessories, Revenue (USD Billion) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Car Accessories Market for Interior Accessories, By Country, 2020 & 2028
FIG NO. 22. Global Car Accessories Market for Lifestyle Gadget, Revenue (USD Billion) 2016 – 2028
FIG NO. 23. Comparative Revenue Analysis of Car Accessories Market for Lifestyle Gadget, By Country, 2020 & 2028
FIG NO. 24. Global Car Accessories Market for Instruments And Gauges, Revenue (USD Billion) 2016 – 2028
FIG NO. 25. Comparative Revenue Analysis of Car Accessories Market for Instruments And Gauges, By Country, 2020 & 2028
FIG NO. 26. Global Car Accessories Market for Safety, Revenue (USD Billion) 2016 – 2028
FIG NO. 27. Comparative Revenue Analysis of Car Accessories Market for Safety, By Country, 2020 & 2028
FIG NO. 28. Global Car Accessories Market for Safety, Revenue (USD Billion) 2016 – 2028
FIG NO. 29. Comparative Revenue Analysis of Car Accessories Market for Safety, By Country, 2020 & 2028
FIG NO. 30. Global Car Accessories Market for Light Module Tuning, Revenue (USD Billion) 2016 – 2028
FIG NO. 31. Comparative Revenue Analysis of Car Accessories Market for Light Module Tuning, By Country, 2020 & 2028
FIG NO. 32. Global Car Accessories Market for Performance/Stylish/Luminaire Tuning, Revenue (USD Billion) 2016 – 2028
FIG NO. 33. Comparative Revenue Analysis of Car Accessories Market for Performance/Stylish/Luminaire Tuning, By Country, 2020 & 2028
FIG NO. 34. Global Car Accessories Market for Vision Products, Revenue (USD Billion) 2016 – 2028
FIG NO. 35. Comparative Revenue Analysis of Car Accessories Market for Vision Products, By Country, 2020 & 2028
FIG NO. 36. Global Car Accessories Market for Appearance Chemicals, Revenue (USD Billion) 2016 – 2028
FIG NO. 37. Comparative Revenue Analysis of Car Accessories Market for Appearance Chemicals, By Country, 2020 & 2028
FIG NO. 38. Global Car Accessories Market for Gas & Oil Additives, Revenue (USD Billion) 2016 – 2028
FIG NO. 39. Comparative Revenue Analysis of Car Accessories Market for Gas & Oil Additives, By Country, 2020 & 2028
FIG NO. 40. Global Car Accessories Market for Solar Powered HVAC Systems, Revenue (USD Billion) 2016 – 2028
FIG NO. 41. Comparative Revenue Analysis of Car Accessories Market for Solar Powered HVAC Systems, By Country, 2020 & 2028
FIG NO. 42. Global Car Accessories Market for Retrofit Air Conditioner Sets, Revenue (USD Billion) 2016 – 2028
FIG NO. 43. Comparative Revenue Analysis of Car Accessories Market for Retrofit Air Conditioner Sets, By Country, 2020 & 2028
FIG NO. 44. Global Car Accessories Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 45. Comparative Revenue Analysis of Car Accessories Market for Others, By Country, 2020 & 2028
FIG NO. 46. Global Car Accessories Market Revenue Share, By Region, 2020 & 2028
FIG NO. 47. North America Car Accessories Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 48. Porter’s Five Forces Analysis for Global Car Accessories Market
FIG NO. 49. PEST Analysis for Global Car Accessories Market
FIG NO. 50. Pricing Analysis for Global Car Accessories Market
FIG NO. 51. Value Chain Analysis for Global Car Accessories Market
FIG NO. 52. Company Share Analysis, 2019
FIG NO. 53. Radar Determinant Chart, 2019
FIG NO. 54. Company Strategic Developments – Heat Map Analysis
FIG NO. 55. Robert Bosch GmbH Business Segment Revenue Share, 2020 (%)
FIG NO. 56. Hyundai Motor Company Geographical Segment Revenue Share, 2020 (%)
FIG NO. 57. Market Channels
FIG NO. 58. Marketing Channel Development Trend
FIG NO. 59. Growth in World Gross Product, 2008-2018
FIG NO. 60. Research Methodology – Detailed View
FIG NO. 61. Research Methodology

Table Of Tables

List of Tables

TABLE NO. 1. Global Car Accessories Market: Snapshot
TABLE NO. 2. Quarterly Car Accessories Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Car Accessories Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global Car Accessories Market for Working Lights, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Car Accessories Market for Torches, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Car Accessories Market for Appearance Accessories, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Car Accessories Market for Warning Lights, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Car Accessories Market for Driving Lights, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Car Accessories Market for Interior Lights, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Car Accessories Market for E-Sets, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Car Accessories Market for Interior Accessories, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. Global Car Accessories Market for Lifestyle Gadget, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. Global Car Accessories Market for Instruments And Gauges, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 16. Global Car Accessories Market for Safety, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 17. Global Car Accessories Market for Light Module Tuning, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 18. Global Car Accessories Market for Performance/Stylish/Luminaire Tuning, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 19. Global Car Accessories Market for Vision Products, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 20. Global Car Accessories Market for Appearance Chemicals, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 21. Global Car Accessories Market for Gas & Oil Additives, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 22. Global Car Accessories Market for Solar Powered HVAC Systems, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 23. Global Car Accessories Market for Retrofit Air Conditioner Sets, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 24. Global Car Accessories Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 25. Global Car Accessories Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 26. North America Car Accessories Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 27. North America Car Accessories Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 28. U.S. Car Accessories Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 29. Canada Car Accessories Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 30. Mexico Car Accessories Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 31. Drivers for the Car Accessories Market: Impact Analysis
TABLE NO. 32. Restraints for the Car Accessories Market: Impact Analysis
TABLE NO. 33. Major Buyers of Car Accessories
TABLE NO. 34. Distributors/Traders List of Car Accessories
TABLE NO. 35. Global Car Accessories Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 36. Global Car Accessories Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Car Accessories market. Zion Research has collected and analyzed key data belong to the global Car Accessories market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Car Accessories across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Car Accessories industry. Primary research makes up the major source of data collection and validation.

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
Helps in validating and strengthening the secondary research findings
Further, develops the analysis team’s expertise and market understanding
Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
Purchasing managers, technical personnel, distributors and resellers
Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
IDC and other relevant magazines
Internal and external proprietary databases, and relevant patent and regulatory databases
National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Car Accessories market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

Demographic data: Population split by segments
Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
Data is then cross-checked by an expert panel.

Free Analysis

Accessories are selected by a car owner to enhance safety, performance, or comfort. An accessory may be added at the factory by the original equipment manufacturer or purchased and installed by the owner post-sale as aftermarket goods. Car accessories are used to enhance interior aesthetics of the vehicle and give an overall entertaining and comfortable riding experience. Car accessories are integral when upgrading and enhancing car’s look. These are supplementary parts that improve a car's ability and play a vital role in car maintenance process. There are various interior and exterior accessories used for car manufacturing.

Car accessories market is expected to have immense growth in the coming future. The market is anticipated to be driven by increasing demand for cars across the globe. Increasing consumer inclination towards an entertaining driving experience and growing vehicle customization among a young population are projected to boost the demand for car accessories market. However, availability of wide range of car accessories with inconsistent quality may hamper the market growth within the forecast period. Nonetheless, technological advancement to provide innovative accessories is expected to open up new growth avenues in the near future. The global car accessories market has experienced tremendous growth over past few years owing to increasing demand for cars across the globe. The growing economies in the world have made a greater impact upon the development and growth of the car industry. Regions like Europe are expected to maintain its dominance in terms of market value in the global car accessories market during forecast period.

Global-Car-Accessories-Market_new

Car accessories market can be categorized on the basis of its product type into working lights, torches, appearance accessories, warning lights, driving lights, interior lights, e-sets, interior accessories, lifestyle gadget, instruments and gauges, safety, light module tuning, performance/stylish/luminaire tuning, vision products, appearance chemicals, gas & oil additives, solar powered HVAC systems, retrofit air conditioner sets, and others. All these products are used to protect vehicle and enhance safety. Among all the product types, the market is dominated by torches, lights, covers and all electronic accessories segments which are collectively expected to hold the highest revenue share over the forecast period.

By geography, the car accessories market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. Among all, Europe was the largest market for car accessories market in 2016, due to increasing consumer spending on car accessories in the region. After Europe, North America is likely to account 27.3% of market share by the end of 2022. The car accessories market in the Asia Pacific region is projected to grow at highest CAGR during forecast period.

Some of the key players operating in this market include U.S. Auto Parts Network Inc., Cover craft Industries LLC, Lloyd Mats, Star Automotive Accessories, Robert Bosch GmbH, Hyundai Motor Company, Roush Performance, JCA Fleet Services, Classic Soft Trim, Renault, Honda Motor Co., Ltd., and others. The key players focus on expanding their business on new strategies and have significant market share in the global car accessories market.

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FrequentlyAsked Questions

What was the value of global Car Accessories market in 2020?

The global car accessories market was valued at USD 487.79 Billion in 2020.

What will be the size of the global Car Accessories market in 2028?

The global car accessories market is expected to reach USD 753.05 Billion by 2028, growing at a CAGR of 6.4% between 2021 to 2028.

What are the key factors driving the global Car Accessories market growth?

Some of the key factors driving growth of the global car accessories market are Increased passenger vehicle sales, rising awareness regarding on-road safety, growing technology integration into automobiles, increasing demand for electric vehicles, and shifting preference towards enhancing vehicle appearance.

Which region will make notable contributions in the global car accessories market?

Asia Pacific region held a substantial share of the Car Accessories market in 2020. This is attributable to the increased demand from wide range of car accessories across major countries in the region fueled increasing automobile sales.

Who are the major companies operating in the global car accessories market?

Some of the major companies operating in car accessories market are U.S. Auto Parts Network Inc., Cover craft Industries LLC, Lloyd Mats, Star Automotive Accessories, Robert Bosch GmbH, Hyundai Motor Company, Roush Performance, JCA Fleet Services, Classic Soft Trim, Renault, Honda Motor Co., Ltd. among others.