The global vehicle accessories market is anticipated to grow at a significant CAGR of 5.3% during the forecast period. One of the major factors behind the anticipated growth is the rising automobile market across the globe. With the rise in the demand for the vehicle, the accessories demand is also growing since most of the consumers customize their vehicles as per their convenience, and taste to make the vehicle more personal for them. As per the data of Organisation Internationale des Constructeurs d'Automobiles (OICA), all types of vehicles sales reached 44,401,850 units from January-June 2021, globally, which is more than 29% of sales from January-June 2020.
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The COVID-19 pandemic had affected most of the industries across the globe. The automobile industry is also one of them. Most of the countries imposed a lockdown to reduce the spread of the virus, which caused the restriction or stoppage in the production of vehicles. As per the data of the OICA 2020, vehicle sales reduced to 77,971,234 units which are 14% lesser than the sales of the vehicles in 2019. However, as the situation got normal, production resumed and the market witnessed significant growth. The sales of the vehicles increased by more than 29% in the first half of 2021 as compared to the first half of 2020.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Vehicle Accessories Market by Type
- Interior Accessories
- Exterior Accessories
Global Vehicle Accessories Market by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- CAR MATE MFG. CO., LTD.
- com, Inc.
- Classic Soft Trim
- CURT Manufacturing, LLC
- I-MOTORS
- HUDWAY
- Lloyd Mats Inc.
- MONT BLANC
- Pecca Group Berhad
- Pep Boys
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global vehicle accessories market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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