The increasing consumer preference for vehicle customization and personalization is a significant driver of the car accessories market. Car owners seek to enhance aesthetics, comfort, and functionality through accessories like infotainment systems, seat covers, and lighting modifications. Additionally, the rising adoption of electric and luxury vehicles has boosted demand for premium accessories. The growth of e-commerce platforms further supports market expansion, providing easy access to a wide range of car accessories with competitive pricing and home delivery options.
WILMINGTON, Del., March 25, 2025 /PRNewswire/ -- Allied Market Research published a report, titled, "Car Accessories Market by Product Type (Interior Accessories, Exterior Accessories), by Vehicle Type [Passenger Cars, Commercial Vehicles, Electric Vehicles (EVs)], by Distribution Channel (OEM, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2025-2033". According to the report, the "car accessories market" was valued at $513.8 billion in 2023, and is estimated to reach $1,006.7 billion by 2033, growing at a CAGR of 7.5% from 2025 to 2033.
While rising disposable income and consumer interest in vehicle customization drive market growth, restraints include high costs of premium accessories and concerns about counterfeit or substandard products. Stringent regulations regarding automotive modifications in certain regions also hinder expansion. However, opportunities lie in the growing popularity of smart accessories, advancements in connected car technology, and increased demand for eco-friendly and sustainable materials. Additionally, the expanding automotive aftermarket, supported by online retail and DIY installation trends, presents lucrative growth prospects for industry players.
Request Sample Pages:https://www.alliedmarketresearch.com/request-sample/A325580
Report Coverage & Details:
Report Coverage | Details |
Forecast Period | 2024-2033 |
Base Year | 2023 |
Market Size in 2023 | $513.8 billion |
Market Size in 2033 | $1,006.7 billion |
CAGR | 7.50 % |
No. of Pages in Report | 300 |
Segments Covered | Product Type, Vehicle Type, Distribution Channel and Region |
Drivers | Rising Demand for Vehicle Customization and Comfort |
Opportunities | Growth of E-commerce and Smart Car Accessories |
Restraints | High Cost and Presence of Counterfeit Products |
Buy this Complete Report (300 Pages PDF with Insights, Charts, Tables, and Figures) at:
https://www.alliedmarketresearch.com/car-accessories-market/purchase-options
The interior accessories segment to maintain its leadership status during the forecast period
Based on product type, the interior accessories segment dominated the global market in 2023 accounting for the largest share. This is attributed to the increasing consumer preference for enhancing vehicle comfort, aesthetics, and functionality, driving the demand for interior accessories such as seat covers, dashboard trims, infotainment systems, and ambient lighting.
The passenger cars segment to maintain its lead position throughout the forecast period
Based on vehicle type, the passenger cars segment led the global market in 2023, accounting for the largest share due to the rising number of passenger cars worldwide. The passenger cars segment continues to lead due to the rising global production and sales of personal vehicles, coupled with increased disposable income and lifestyle upgrades.
The OEM segment to maintain its lead throughout the forecast period
Based on distribution channel, the OEM segment dominated the global car accessories industry in 2023, accounting for the largest share. The OEM segment dominates as automakers increasingly integrate high-quality accessories during vehicle production to enhance brand value, improve safety, and meet evolving consumer expectations.
Asia-Pacific to maintain its dominance by 2033
The Asia-Pacific region emerged as the leading market for car accessories in 2023. Asia-Pacific remains the leading region in the market due to rapid urbanization, a growing middle-class population, and an expanding automotive industry, particularly in countries like China, India, and Japan. The rising demand for cost-effective and technologically advanced accessories, along with a booming aftermarket industry, further strengthens the region's dominance.
Enquiry Before Buying:https://www.alliedmarketresearch.com/purchase-enquiry/A325580
Leading Market Players: -
- Pioneer Corporation
- Garmin Ltd.
- Covercraft Industries LLC
- Thule Group
- AUTOLIV
- AutoZone, Inc.
- AUTODOC SE
- Bimmer Plug
- CAR MATE MFG.CO.,LTD.
- WeatherTech
If you have any questions, please feel free to contact our analyst at:
https://www.alliedmarketresearch.com/connect-to-analyst/A325580
The report provides a detailed analysis of these key players in the global car accessories market. These players have adopted different strategies such as new product launches, business expansion, partnerships, mergers, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. 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.
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/car-accessories-market-to-reach-1-006-7-billion-globally-by-2033-at-7-5-cagr-allied-market-research-302410384.html
