Driving Enhancement : Global Passenger Car Accessories Aftermarket Poised to Reach $248.41 Billion by 2026
Allied Market Research published a report, titled, "Passenger Car Accessories Aftermarket by Type (External Accessories and Internal Accessories) and Application (Roof Rack, LED Lights, Body Kits, Body Covers, Alloy Wheels, Tires, Car Care Products, Window Films, Seat & Steering Covers, Electronic Accessories, Knobs, Floor Mats, Sunshades, Car Organizers, Air Fresheners, Vacuum Cleaners, Pillows & Cushions, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026." According to the report, the global passenger car accessories aftermarket industry was estimated at $128.97 billion in 2018, and is anticipated to hit $248.41 billion by 2026, registering a CAGR of 8.5% from 2019 to 2026.๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/A06108
Technological advancements such as Bluetooth connectivity for hands-free mode in the automotive accessories market are on the rise, owing to increase in demand for attractive, comfortable, and aesthetic features in the automotive vehicles, especially passenger vehicles. However, Faurecia showcased the concept of customizable controls in January 2017 to solve the problem of bulky dashboard. This is expected to decrease the use of display screens and separate display panels. For example, control knobs can be integrated into door panels.
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ, ๐ซ๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ, ๐๐ง๐ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ-
Stringent government regulations to replace or upgrade the accessories, rise in the trend of vehicle customization coupled with increase in disposable income, and high focus on the well-being of drivers fuel the growth of the global passenger car accessories aftermarket. On the other hand, decrease in global vehicle production, surge in the drift toward shared mobility, rise in raw-material prices, and high automotive import tariffs restrain the growth to some extent. However, technological advancements, growth in demand for luxurious vehicles, and untapped developing markets in Africa and Asia are expected to create lucrative opportunities in the segment.
๐๐ก๐ ๐๐ฑ๐ญ๐๐ซ๐ง๐๐ฅ ๐๐๐๐๐ฌ๐ฌ๐จ๐ซ๐ข๐๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ซ๐๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐๐ ๐๐ฒ ๐๐๐๐-
Based on type, the external accessories segment accounted for more than half of the global passenger car accessories aftermarket share in 2018, and is expected to rule the roost by the end of 2026. Rise in disposable income of people along with the strict vehicle acts in some of the countries are driving the growth of the segment. The internal accessories segment, on the other hand, would register the fastest CAGR of 9.2% during the study period. The fact that internal car accessories give a stylish look to the car from inside and also provides convenient and comfort features to the driver as well as co-drivers spurs the segment growth.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ - https://www.alliedmarketresearch.com/passenger-car-accessories-aftermarket-market/purchase-options
๐๐ก๐ ๐ญ๐ฒ๐ซ๐๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ซ๐ฎ๐ฅ๐ ๐ญ๐ก๐ ๐ซ๐จ๐จ๐ฌ๐ญ-
Based on application, the tyres segment contributed to nearly one-third of the global passenger car accessories aftermarket revenue in 2018, and is projected to lead trail till 2026. Installation of right tyres on cars not only allows the vehicles to get proper traction over the road but it also plays a crucial role in improving their performance. This factor has driven the segment growth. Simultaneously, the alloy wheels segment would garner the fastest CAGR of 18.6% throughout the forecast period. One of the main benefits of alloy wheels is their lightweight feature that results in better handling and reduction of the overall weight of the vehicle. This aspect has propelled the growth of the segment.
๐๐ฌ๐ข๐-๐๐๐๐ข๐๐ข๐ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐ข๐ง ๐ญ๐๐ซ๐ฆ๐ฌ ๐จ๐ ๐ซ๐๐ฏ๐๐ง๐ฎ๐, ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐ญ๐จ ๐ ๐ซ๐จ๐ฐ ๐๐ญ ๐ ๐ฆ๐จ๐๐๐ซ๐๐ญ๐ ๐ซ๐๐ญ๐-
Based on geography, Asia-Pacific held the major share in 2018, generating more than half of the global passenger car accessories aftermarket. The Asia-Pacific automotive motor industry is controlled by government policies that encourage sustainable manufacturing and investments in the sector. At the same time, LAMEA would register the fastest CAGR of 11.0% by 2026. Factors such as growth in IoT and rise in the demand for advanced technologies in automobiles propel the growth of the market. However, North America would portray a CAGR of 9.3% from 2019 to 2026.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ -
MRF LIMITED, HYUNDAI MOBIS, BORBET, ACCURIDE CORPORATION, VALEO, HITACHI METALS LTD., FORD MOTOR COMPANY, THE GOODYEAR TIRE & RUBBER COMPANY, AUDI AG, KONINKLIJKE PHILIPS N.V., SUPERIOR INDUSTRIES, ROBERT BOSCH GMBH, VOLKSWAGEN AG, HELLA KGAA HUECK & CO., VISTEON CORPORATION, CLN GROUP, IOCHPE-MAXION, HARMAN INTERNATIONAL (SAMSUNG ELECTRONICS), AMERICAN EAGLE WHEELS, JK TYRE & INDUSTRIES LIMITED, ZIZALA LICHTSYSTEME GMBH, SUMITOM RUBBER INDUSTRIES, LTD., PANASONIC CORPORATION, CEAT LIMITED (CEAT), STANLEY ELECTRIC CO., LTD., CITIC DICASTAL WHEEL MANUFACTURING., MICHELIN, DENS CORPORATION, BRIDGESTONE CORPORATION, BMW GROUP, OSRAM LICHT AG, THE YOKOHAMA RUBBER CO., LTD., KOIT MANUFACTURING CO., LTD., PIRELLI TYRE C S.P.A. (CHINA NATIONAL CHEMICAL CORPORATION), PIONEER CORPORATION, ALPINE ELECTRONICS, INC., CONTINENTAL CORPORATION
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/A06108
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ & ๐๐ซ๐๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
https://www.alliedmarketresearch.com/automotive-after-market - Automotive Aftermarket by Product (Wear-and-Tear Parts, Crash-Relevant Parts, Accessories, Diagnostic Products), by Distribution Channel (Offline, Online) and by Application (Consumer Vehicle, Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/automotive-accessories-market - Automotive Accessories Market Size, Share, Competitive Landscape and Trend Analysis Report by Component (External Component, Internal Component, Knobs, Communications System, Mats, Fragrance, Central Locking System, Dash Kits, Others), by Application (Passenger Cars, Commercial Vehicles, Two-wheelers) and by Distribution Channel (OEM, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/exterior-car-accessories-market - Exterior Car Accessories Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type (Racks, LED Lights, Body Kits, Chrome Accessories, Covers, Alloy Wheels, Window Films, Others) and by Distribution Channel (Original Equipment Manufacturer, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/roadside-assistance-market - Roadside Assistance Market By Service (Towing, Tire Replacement, Fuel Delivery, Jump Start/Pull Start, Lockout/ Replacement Key Service, Winch, Battery Assistance, Trip Routing/ Navigational Assistance, Others), By Provider (OEM, Motor Insurance, Independent Service Provider, Others), By Vehicle (Commercial Vehicles, Passenger Vehicles): Global Opportunity Analysis and Industry Forecast, 2023-2032
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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