Press release
Passenger Car Accessories After Market to See Wonderful Rise during 2022-2030 with High CAGR Growth
The passenger car accessories aftermarket was valued at $128.97 billion in 2018, and is projected to reach $248.41 billion by 2026, registering a CAGR of 8.5% from 2019 to 2026.Car accessories are the interior/exterior parts that are installed in/on car to improve the aesthetics. Car owners are more focused on the exterior as well as the interior accessories as it gives stylish look to the car from outside as well as comfortable and convenient feel from inside. Passenger car accessories allows car owners to upgrade their cars with advanced features.
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Key Market Players
BRIDGESTONE CORPORATION
CEAT LIMITED (CEAT)
CONTINENTAL CORPORATION
MICHELIN
PIRELLI TYRE C S.P.A. (CHINA NATIONAL CHEMICAL CORPORATION)
THE GOODYEAR TIRE & RUBBER COMPANY
JK TYRE & INDUSTRIES LIMITED
MRF LIMITED
SUMITOM RUBBER INDUSTRIES, LTD.
THE YOKOHAMA RUBBER CO., LTD.
PANASONIC CORPORATION
VISTEON CORPORATION
HARMAN INTERNATIONAL (SAMSUNG ELECTRONICS)
FORD MOTOR COMPANY
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Key Market Segments
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
Tyres
Car Care Products
Window Films
Seat & Steering Covers
Electronic Accessories (Infotainment Units, Mobile Charger, and Music System)
Knobs
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Globally, the disposable income of individuals has been increasing considerably. For instance, according to the Office for National Statistics (ONS), Europe accounted for high household disposable income in 2016. In addition, China's per capita disposable income observed an increase of 6.3% in the same year.
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Key Benefits for Stakeholders:
This study comprises analytical depiction of the passenger car accessories aftermarket trends and future estimations to depict the imminent investment pockets.
The overall potential is determined to understand the profitable trends to gain a stronger foothold.
The passenger car accessories aftermarket analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current growth and passenger car accessories aftermarket forecast is quantitatively analyzed from 2018 to 2026 to benchmark the financial competency.
Porter's five forces analysis illustrates the potency of the buyers and suppliers in the passenger car accessories aftermarket share.
The study also comprises the aftermarket of passenger car accessories market opportunity that helps key players in decision-making
The leading playersin the industry are expecting high revenue margin from passenger car accessories aftermarket returns.
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