Market Overview:
The global passenger car accessories aftermarket is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for luxury cars and the rising disposable income of consumers. On the basis of type, external accessories accounted for a larger share of the market in 2017. This segment is projected to grow at a CAGR of X.X% during the forecast period. Internal accessories are expected to exhibit highest growth rate over the forecast period owing to increasing demand for comfort and convenience features in passenger cars. On the basis of application, sedans accounted for majority share in 2017 and this segment is anticipated grow at a CAGR of X.X% during 2018-2030 . Region-wise, North America held dominant position in global passenger car accessories aftermarket followed by Europe and Asia Pacific region respectively In terms value contribution.
Product Definition:
Passenger car accessories aftermarket usually refers to the parts and accessories that are not originally installed on a vehicle by the manufacturer. These parts and accessories can be added by the owner or purchased from an aftermarket supplier. The term "aftermarket" is used because these parts and accessories are typically not available from the original equipment manufacturer (OEM).
External Accessories:
External accessories are the products that are attached/connected to a vehicle's exterior body parts. They can be classified into two broad categories, namely fixed and portable. Fixed external accessories include items such as mud flaps, wheel covers, side mirrors, and others; whereas portable ones refer to sunshade visors and roof racks among others.
Internal Accessories:
Internal accessories are the parts that are attached to the internal parts of a vehicle. They can be categorized into two types: front and rear. Internal accessories have their functions performed by other parts which we call as external accessories or components.
The market for internal passenger car accessory is growing at a significant pace, owing to increasing demand from end-users; this growth in demand has led to an increase in research & development activities within the industry, resulting in constant product innovation.
Application Insights:
Based on application, the global passenger car accessories market has been segmented into sedans, SUV/MPV and others. The SUV/MPV segment is expected to witness significant growth over the forecast period owing to its growing prominence as a family vehicle. Furthermore, increasing demand for off-road vehicles in developed economies of North America and Europe is anticipated to augment industry growth over the coming years.
The Sedan segment held a substantial share in 2017 and this trend is expected to continue through 2018 and beyond since it offers flexibility in terms of design, features & functionality as well as equipment that enhances driving experience. Moreover, rising sales of high-performance sedans with advanced safety systems are likely to drive their demand further which would positively impact industry growth across various regions during the forecast period.
Regional Analysis:
Asia Pacific dominated the global passenger car accessories aftermarket with a share of over 40% in 2017. This is attributed to growing vehicle production in countries, such as China and India. Furthermore, rising disposable income coupled with increasing consumer preference for premium cars is expected to drive demand further. Europe accounted for the second-largest share of more than 25% in 2017 owing to high demand from Germany and U.K., which are some of the largest automobile markets globally. The region is anticipated to witness steady growth over the forecast period owing to rapid expansion of automotive industry coupled with low maintenance cost associated with vehicles driven by customers here compared to other regions on account of higher fuel efficiency rating on average across all models/brands considered relevant at that time (luxury as well as regular).
North America was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand for luxury and comfort features in passenger cars
- Rising income levels of consumers, especially in developing countries
- Growing popularity of personalization and customization options among car buyers
- Proliferation of new technologies that can enhance the driving experience
- Increasing awareness about the benefits of using passenger car accessories
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger Car Accessories Aftermarket Market Research Report
By Type
External Accessories, Internal Accessories, Tire
By Application
Sedan, SUV, MPV
By Companies
Bridgestone Corporation, Continental, Michelin, Goodyear, Bosch, Mahler, Tenneco, ZF, HARMAN International, Alpine Electronics, Pioneer Corporation, DENSO, Hella
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Passenger Car Accessories Aftermarket Market Report Segments:
The global Passenger Car Accessories Aftermarket market is segmented on the basis of:
Types
External Accessories, Internal Accessories, Tire
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Sedan, SUV, MPV
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bridgestone Corporation
- Continental
- Michelin
- Goodyear
- Bosch
- Mahler
- Tenneco
- ZF
- HARMAN International
- Alpine Electronics
- Pioneer Corporation
- DENSO
- Hella
Highlights of The Passenger Car Accessories Aftermarket Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- External Accessories
- Internal Accessories
- Tire
- By Application:
- Sedan
- SUV
- MPV
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Passenger Car Accessories Aftermarket Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Passenger car accessories aftermarket is a term used to describe products and services that are sold to modify or improve the performance, appearance, or usability of a passenger car. These products can include modifications to the exterior of the vehicle, such as adding spoilers or modifying the bodywork; modifications to interior features, such as installing new carpeting or upgrading sound systems; and upgrades to safety equipment.
Some of the key players operating in the passenger car accessories aftermarket market are Bridgestone Corporation, Continental, Michelin, Goodyear, Bosch, Mahler, Tenneco, ZF, HARMAN International, Alpine Electronics, Pioneer Corporation, DENSO, Hella.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Passenger Car Accessories Aftermarket Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Passenger Car Accessories Aftermarket Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passenger Car Accessories Aftermarket Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Passenger Car Accessories Aftermarket Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Passenger Car Accessories Aftermarket Market Size & Forecast, 2018-2028
4.5.1 Passenger Car Accessories Aftermarket Market Size and Y-o-Y Growth
4.5.2 Passenger Car Accessories Aftermarket Market Absolute $ Opportunity
Chapter 5 Global Passenger Car Accessories Aftermarket Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Passenger Car Accessories Aftermarket Market Size Forecast by Type
5.2.1 External Accessories
5.2.2 Internal Accessories
5.2.3 Tire
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Passenger Car Accessories Aftermarket Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Passenger Car Accessories Aftermarket Market Size Forecast by Applications
6.2.1 Sedan
6.2.2 SUV
6.2.3 MPV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passenger Car Accessories Aftermarket Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Passenger Car Accessories Aftermarket Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Passenger Car Accessories Aftermarket Analysis and Forecast
9.1 Introduction
9.2 North America Passenger Car Accessories Aftermarket Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Passenger Car Accessories Aftermarket Market Size Forecast by Type
9.6.1 External Accessories
9.6.2 Internal Accessories
9.6.3 Tire
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Passenger Car Accessories Aftermarket Market Size Forecast by Applications
9.10.1 Sedan
9.10.2 SUV
9.10.3 MPV
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Passenger Car Accessories Aftermarket Analysis and Forecast
10.1 Introduction
10.2 Europe Passenger Car Accessories Aftermarket Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Passenger Car Accessories Aftermarket Market Size Forecast by Type
10.6.1 External Accessories
10.6.2 Internal Accessories
10.6.3 Tire
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Passenger Car Accessories Aftermarket Market Size Forecast by Applications
10.10.1 Sedan
10.10.2 SUV
10.10.3 MPV
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Passenger Car Accessories Aftermarket Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Passenger Car Accessories Aftermarket Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Passenger Car Accessories Aftermarket Market Size Forecast by Type
11.6.1 External Accessories
11.6.2 Internal Accessories
11.6.3 Tire
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Passenger Car Accessories Aftermarket Market Size Forecast by Applications
11.10.1 Sedan
11.10.2 SUV
11.10.3 MPV
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Passenger Car Accessories Aftermarket Analysis and Forecast
12.1 Introduction
12.2 Latin America Passenger Car Accessories Aftermarket Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Passenger Car Accessories Aftermarket Market Size Forecast by Type
12.6.1 External Accessories
12.6.2 Internal Accessories
12.6.3 Tire
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Passenger Car Accessories Aftermarket Market Size Forecast by Applications
12.10.1 Sedan
12.10.2 SUV
12.10.3 MPV
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Passenger Car Accessories Aftermarket Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Passenger Car Accessories Aftermarket Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Passenger Car Accessories Aftermarket Market Size Forecast by Type
13.6.1 External Accessories
13.6.2 Internal Accessories
13.6.3 Tire
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Passenger Car Accessories Aftermarket Market Size Forecast by Applications
13.10.1 Sedan
13.10.2 SUV
13.10.3 MPV
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Passenger Car Accessories Aftermarket Market: Competitive Dashboard
14.2 Global Passenger Car Accessories Aftermarket Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bridgestone Corporation
14.3.2 Continental
14.3.3 Michelin
14.3.4 Goodyear
14.3.5 Bosch
14.3.6 Mahler
14.3.7 Tenneco
14.3.8 ZF
14.3.9 HARMAN International
14.3.10 Alpine Electronics
14.3.11 Pioneer Corporation
14.3.12 DENSO
14.3.13 Hella
