Acumen research and consulting estimates that the global passenger car accessories aftermarket is anticipated to reach market size of around US$ 250 Bn by 2027 and isa anticipated to grow at a CAGR of around 8% in terms of revenue during the forecast period 2020 – 2027. Accessories for passenger cars are available both offline and online in the aftermarket. The decorative accessories of passenger cars are steadily increasing to improve car appearances and improve comfort.
Market Insights
Growing car modification trends coupled with increasing disposable income and a strong emphasis on driver well-being fueled the growth of the market, such as stringent government legislation to remove or improve accessories. The global vehicle manufacturing downturn, and rise in the share mobility pattern, a rise in raw material costs, and trade war escalation and rising import tariffs are expected to hamper demand growth. Furthermore, advances in technology, and increases in demand for premium cars, transmitted African and Asian markets, and improvement in in-vehicle infotainment will generate multiple market expansion opportunities. Technological progress such as wireless hands-free connectivity in automobile accessories is rising as demand for attractive, comfortable and esthetic features, especially passenger vehicles, is growing. Faurecia, however, demonstrated in January 2017 the idea of personalized controls to solve the heavy dashboard problem. The use of display displays and separate display panels is expected to decrease. For instance, integrate control knobs can be install into the door panels.
A major hindrance
In order to increase their income, most modern car manufacturers have their own accessories. The car accessories market has created a humiliating storm as buyers now tend to more OEM brands. However, some offline shops or retailers use fake accessories to sell their customers on behalf of prominent brands, the biggest challenge facing reputable car accessories retailers. In India, the aftermarket sector seems to lead to good times as the market for automotive accessories is growing and vehicle service is necessary. During the next decade, the rapidly globalizing world will lead to new verticals and opportunities for manufacturers of auto-components that need to adjust through systemic research and development to the change.
Report coverage
The market research study on “Passenger Car Accessories Aftermarket (By Type: External Accessories, Internal Accessories; By Application: Roof Rack, LED Lights, Body Kits (Chrome Accessories, Bumper Guards, and Door Visors), Body Covers, Alloy Wheels, Tires, Car Care Products, Window Films, Seat & Steering Covers, Electronic Accessories (Infotainment Units, Mobile Charger, and Music System), Knobs, Floor Mats, Sunshades, Car Organizers, Air Freshener, Vacuum Cleaners, Pillows & Cushions, Others (Dash Camera, Tissue Holders, Antenna, and Horn)) - Global Industry, Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global passenger car accessories aftermarket entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global passenger car accessories aftermarket are type, application, and major geographic regions. The passenger car accessories aftermarket analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
Asia Pacific has become the market leader with respect to revenues in 2019. Substantial growth is also anticipated from 2020 to 2027. Advanced innovations are anticipated to boost the sales of the region in terms of vehicle parts production, expanded customer and passenger car manufacture and distribution and the digitization of car product delivery services. Universities and other research and development organizations strive to increase the cost and operating efficiency of the essential automotive components, thereby reducing final product prices. A new design developed by a team of Chemical Engineering researchers at Imperial College , London, utilizes less rare metal up to 80 per cent, which significantly reduces vehicle costs and manufacturing. It is expected that the prototype will show better results than existing cars. Governments around the world now have stringent car pollution standards that have forced manufacturers to produce highly effective , environmentally friendly automobile parts for the domestic and global markets. Emerging economies, like China , India and Brazil, have seen significant developments during the past few years in the car industry, which is anticipated to fuel Asia Pacific market growth.
Key Players
Major players included in this report are CEAT Limited, Bridgestone Corporation, Continental Corporation, JK Tyre & Industries Limited, MRF Limited, The Goodyear Tire & Rubber Company, Panasonic Corporation, HARMAN International, Ford Motor Company, Audi AG, Alpine Electronics, Inc., Visteon Corporation, Pioneer Corporation, Volkswagen AG, BMW Group, DENSO Corporation, Hyundai Mobis, Koninklijke Philips N.V., Osram Licht AG, Robert Bosch GmbH, Stanley Electric Co., Ltd., and others.
The global passenger car accessories aftermarket is segmented as below:
Market Segmentation
passenger car accessories aftermarket By Type
External Accessories
Internal Accessories
passenger car accessories aftermarket By Application
Roof Rack
LED Lights
Body Kits (Chrome Accessories, Bumper Guards, and Door Visors)
Body Covers
Alloy Wheels
Tires
Car Care Products
Window Films
Seat & Steering Covers
Electronic Accessories (Infotainment Units, Mobile Charger, and Music System)
Knobs
Floor Mats
Sunshades
Car Organizers
Air Freshener
Vacuum Cleaners
Pillows & Cushions
Others (Dash Camera, Tissue Holders, Antenna, and Horn)
passenger car accessories aftermarket By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- 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. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Passenger Car Accessories Aftermarket
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Passenger Car Accessories Aftermarket Market By Type
1.2.2.1. Global Passenger Car Accessories Aftermarket Market Revenue and Growth Rate Comparison By Type (2020-2027)
1.2.2.2. Global Passenger Car Accessories Aftermarket Market Revenue Share By Type in 2019
1.2.2.2.1. External Accessories
1.2.2.2.2. Internal Accessories
1.2.3. Passenger Car Accessories Aftermarket Market By Application
1.2.3.1. Roof Rack
1.2.3.2. LED Lights
1.2.3.3. Body Kits (Chrome Accessories, Bumper Guards, and Door Visors)
1.2.3.4. Body Covers
1.2.3.5. Alloy Wheels
1.2.3.6. Tires
1.2.3.7. Car Care Products
1.2.3.8. Window Films
1.2.3.9. Seat & Steering Covers
1.2.3.10. Electronic Accessories (Infotainment Units, Mobile Charger, and Music System)
1.2.3.11. Knobs
1.2.3.12. Floor Mats
1.2.3.13. Sunshades
1.2.3.14. Car Organizers
1.2.3.15. Air Freshener
1.2.3.16. Vacuum Cleaners
1.2.3.17. Pillows & Cushions
1.2.3.18. Others (Dash Camera, Tissue Holders, Antenna, and Horn)
1.2.4. Passenger Car Accessories Aftermarket Market By Geography
1.2.4.1. Global Passenger Car Accessories Aftermarket Market Revenue and Growth Rate Comparison by Geography (2020-2027)
1.2.4.2. North America Passenger Car Accessories Aftermarket Market Revenue and Growth Rate(2020-2027)
1.2.4.3. Europe Passenger Car Accessories Aftermarket Market Revenue and Growth Rate(2020-2027)
1.2.4.4. Asia-Pacific Passenger Car Accessories Aftermarket Market Revenue and Growth Rate(2020-2027)
1.2.4.5. Latin America Passenger Car Accessories Aftermarket Market Revenue and Growth Rate(2020-2027)
1.2.4.6. Middle East and Africa (MEA) Passenger Car Accessories Aftermarket Market Revenue and Growth Rate(2020-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Pure Cashmere Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Pure Cashmere Major Manufacturers in 2019
3.3. R&D Status and Technology Source of Global Pure Cashmere Major Manufacturers in 2019
3.4. Raw Materials Sources Analysis of Global Pure Cashmere Major Manufacturers in 2019
CHAPTER 4. Passenger Car Accessories Aftermarket MARKET By Type
4.1. Global Pure Cashmere Revenue By Type
4.2. External Accessories
4.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.3. Internal Accessories
4.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 5. Passenger Car Accessories Aftermarket MARKET By Application
5.1. Global Pure Cashmere Revenue By Application
5.2. Roof Rack
5.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.3. LED Lights
5.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.4. Body Kits (Chrome Accessories, Bumper Guards, and Door Visors)
5.4.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.5. Body Covers
5.5.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.6. Alloy Wheels
5.6.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.6.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.7. Tires
5.7.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.7.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.8. Car Care Products
5.8.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.8.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.9. Window Films
5.9.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.9.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.10. Seat & Steering Covers
5.10.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.10.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.11. Electronic Accessories (Infotainment Units, Mobile Charger, and Music System)
5.11.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.11.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.12. Knobs
5.12.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.12.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.13. Floor Mats
5.13.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.13.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.14. Sunshades
5.14.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.14.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.15. Car Organizers
5.15.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.15.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.16. Air Freshener
5.16.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.16.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.17. Vacuum Cleaners
5.17.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.17.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.18. Pillows & Cushions
5.18.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.18.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.19. Others (Dash Camera, Tissue Holders, Antenna, and Horn)
5.19.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.19.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 6. NORTH AMERICA Passenger Car Accessories Aftermarket MARKET BY COUNTRY
6.1. North America Passenger Car Accessories Aftermarket Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.2. North America Passenger Car Accessories Aftermarket Market Revenue Share Comparison, 2020 & 2027 (%)
6.3. U.S.
6.3.1. U.S. Passenger Car Accessories Aftermarket Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
6.3.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
6.4.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
CHAPTER 7. EUROPE Passenger Car Accessories Aftermarket MARKET BY COUNTRY
7.1. Europe Passenger Car Accessories Aftermarket Market Revenue and Growth Rate, 2020 - 2027 ($Million)
7.2. Europe Passenger Car Accessories Aftermarket Market Revenue Share Comparison, 2020 & 2027 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
7.3.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
7.4.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
7.5.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
7.6.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
7.7.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
CHAPTER 8. ASIA-PACIFIC Passenger Car Accessories Aftermarket MARKET BY COUNTRY
8.1. Asia-Pacific Passenger Car Accessories Aftermarket Market Revenue and Growth Rate, 2020 - 2027 ($Million)
8.2. Asia-Pacific Passenger Car Accessories Aftermarket Market Revenue Share Comparison, 2020 & 2027 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
8.3.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
8.4.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
8.5.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
8.6.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
8.7.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
8.8.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
CHAPTER 9. LATIN AMERICA Passenger Car Accessories Aftermarket MARKET BY COUNTRY
9.1. Latin America Passenger Car Accessories Aftermarket Market Revenue and Growth Rate, 2020 - 2027 ($Million)
9.2. Latin America Passenger Car Accessories Aftermarket Market Revenue Share Comparison, 2020 & 2027 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
9.4. Mexico
9.4.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
9.5.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
CHAPTER 10. MIDDLE EAST & AFRICA Passenger Car Accessories Aftermarket MARKET BY COUNTRY
10.1. Middle East & Africa Passenger Car Accessories Aftermarket Market Revenue and Growth Rate, 2020 - 2027 ($Million)
10.2. Middle East& Africa Passenger Car Accessories Aftermarket Market Revenue Share Comparison, 2020 & 2027 (%)
10.3. GCC
10.3.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
10.4. South Africa
10.4.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
10.5. Rest of Middle East & Africa
10.5.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By Application, 2020 - 2027 ($Million)
CHAPTER 11. COMPANY PROFILE
11.1. CEAT Limited
11.1.1. Company Snapshot
11.1.2. Overview
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. Key Developments
11.1.6. Strategies
11.2. Bridgestone Corporation
11.2.1. Company Snapshot
11.2.2. Overview
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. Key Developments
11.2.6. Strategies
11.3. Continental Corporation
11.3.1. Company Snapshot
11.3.2. Overview
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. Key Developments
11.3.6. Strategies
11.4. JK Tyre & Industries Limited
11.4.1. Company Snapshot
11.4.2. Overview
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. Key Developments
11.4.6. Strategies
11.5. MRF Limited
11.5.1. Company Snapshot
11.5.2. Overview
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. Key Developments
11.5.6. Strategies
11.6. The Goodyear Tire & Rubber Company
11.6.1. Company Snapshot
11.6.2. Overview
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. Key Developments
11.6.6. Strategies
11.7. Panasonic Corporation
11.7.1. Company Snapshot
11.7.2. Overview
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. Key Developments
11.7.6. Strategies
11.8. HARMAN International
11.8.1. Company Snapshot
11.8.2. Overview
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. Key Developments
11.8.6. Strategies
11.9. Ford Motor Company
11.9.1. Company Snapshot
11.9.2. Overview
11.9.3. Financial Overview
11.9.4. Product Portfolio
11.9.5. Key Developments
11.9.6. Strategies
11.10. Audi AG
11.10.1. Company Snapshot
11.10.2. Overview
11.10.3. Financial Overview
11.10.4. Product Portfolio
11.10.5. Key Developments
11.10.6. Strategies
11.11. Others
11.11.1. Company Snapshot
11.11.2. Overview
11.11.3. Financial Overview
11.11.4. Product Portfolio
11.11.5. Key Developments
11.11.6. Strategies
CHAPTER 12. RESEARCH APPROACH
12.1. Research Methodology
12.1.1. Initial Data Search
12.1.2. Secondary Research
12.1.3. Primary Research
12.2. Assumptions and Scope
