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Increasing Automotive Production Fuels Growth In The Car Seat And Accessories Market: Powering Innovation and Expansion in the Car Seat And Accessories Market by 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Car Seat And Accessories Market Through 2025?
The market for car seats and related accessories has significantly expanded in the past few years. The market, which was valued at $5.41 billion in 2024, is projected to go up to $5.72 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%. This growth during the historic period is due to strict safety regulations, heightened emphasis on the safety of child passengers, shifts in consumer lifestyles and tastes, increase in urban development and car possession, and a rise in campaigns promoting safety for child passengers.
What's the Projected Size of the Global Car Seat And Accessories Market by 2029?
Expectation for the car seat and accessories market to witness substantial growth in the next few years is high. It's projected to reach $7.15 billion in 2029 with a compound annual growth rate (CAGR) of 5.7%. The surge during the forecast period can be accredited to the escalating demand for superior safety attributes, increasing focus on sustainability and environmentally friendly products, incorporation of intelligent technology into car accessories, opportunities for customization and personalization for consumers, as well as expansion into budding markets and regions. The major trends anticipated during the forecast period encompass heightened focus on safety features, an incline in environmentally friendly products, incorporation of smart technology, personalization, and expansion into nascent markets.
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Top Growth Drivers in the Car Seat And Accessories Industry: What's Accelerating the Market?
Advancements in the automotive industry, expected to fuel the growth of the car seat and accessories market, further embody an economic sector involving the designing, development, production, marketing and sale of various motor vehicles like cars, trucks, buses, motorcycles and other vehicles. The surge in automotive production pertains to advancements in technology, market trends, government policies, and industry investments. This increased production subsequently leads to a heightened demand for car seats and accessories, as purchasers of new vehicles often look to personalize and enrich their driving experience with advanced seats and add-ons. For instance, the European Automobile Manufacturers Association, based in Belgium, reported that 85.4 million motor vehicles were manufactured globally in 2022, marking an increase of 5.7% in comparison to 2021. Hence, the boost in automotive sales is a key driver for the growth of the car seat and accessories market.
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What Trends Will Shape the Car Seat And Accessories Market Through 2029 and Beyond?
Leading firms in the car seat accessories market are concentrating on establishing strategic partnerships for product innovation and reinforcing their market dominance. A strategic partnership refers to an alliance between two or more entities who cooperate to achieve shared objectives or strategic targets. For instance, in December 2023, Hyundai Mobis, a South Korean car manufacturing company, entered into a partnership with True Assistive Technology from India which specialises in mobility equipment. The main goal of this collaboration is to offer enhanced car seating solutions in India under the TurnPlus swivel seat mechanism, specifically to address the mobility challenges of disabled persons and the elderly. The TurnPlus offering from True Assistive Technology aims to improve both travel and lifestyle quality by simplifying vehicular travel for those with mobility challenges. Its installation is efficient as it can be outfitted in 80% of Indian cars within 5 hours without requiring any structural changes to the car, allowing easy disassembly and restoration of the original car seat.
What Are the Main Segments in the Car Seat And Accessories Market?
The car seat and accessories market covered in this report is segmented -
1) By Product Type: Car Seat, Car Accessories, Car Alarms And Security Systems, Car Floor Liners Or Floor Mat And Carpet, Car Knob Levers And Door Products, Car Sound System, Car Seatbelts, Other Product Types
2) By Vehicle Type: Passenger Cars, Commercial Vehicles
3) By Distribution Channel: Original Equipment Manufacturer (OEM), After market
Subsegments:
1) By Car Seat: Infant Car Seats, Toddler Car Seats, Booster Seats, Convertible Car Seats, Car Seat Covers
2) By Car Accessories: Seat Cushions And Pads, Sunshades And Sun Visors, Steering Wheel Covers, Interior Lighting And Decor, Car Organizers
3) By Car Alarms And Security Systems: Car Alarm Systems, Vehicle Tracking Systems, Immobilizers And Keyless Entry Systems
4) By Car Floor Liners Or Floor Mat And Carpet: All-Weather Floor Mats, Custom Fit Floor Mats, Carpet Floor Mats
5) By Car Knob Levers And Door Products: Gear Knobs, Door Handles And Knobs, Car Window Cranks
6) By Car Sound System: Car Speakers, Subwoofers, Amplifiers, Car Stereos And Head Units
7) By Car Seatbelts: Standard Seatbelts, Adjustable Seatbelts, Seatbelt Covers And Pads
8) By Other Product Types: Car Roof Racks And Carriers, Car Mirrors (Side Mirrors, Rearview Mirrors), Car Cleaning Kits And Accessories
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Which Top Companies are Driving Growth in the Car Seat And Accessories Market?
Major companies operating in the car seat and accessories market are Magna International Inc., Faurecia SE, Lear Corporation, Lear Corporation, AutoZone Inc., O'Reilly Automotive Inc., Adient Plc, Advance Auto Parts Inc., Graco Inc., Pep Boys Manny Moe & Jack of Delaware Inc., Halfords Group Plc, GRAMMER AG, Toyota Boshoku Corporation, Gentherm Incorporated, Lund International Holdings Inc., Covercraft Industries, WeatherTech, Cars.com, Thule Group, Omix-ADA, Baby Trend Inc., Jegs High Performance, Automotive Parts & Machine Inc., Futuris Automotive
Which Regions Will Dominate the Car Seat And Accessories Market Through 2029?
Asia-Pacific was the largest region in the car seat and accessories market in 2024. The regions covered in the car seat and accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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