Interior Car Accessories Market

North America region to dominate the global Interior Car Accessories market over the forecast period

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Market Overview:

The global Interior Car Accessories Market is estimated to be valued at US$ 217,352.5 Mn in 2022 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the major trends witnessed in the global interior car accessories market is the rising popularity of accessories that enhance safety, convenience and comfort. Consumers are increasingly opting for smart car accessories that offer enhanced functionality by integrating features like Wi-Fi, Bluetooth, navigation etc. For example, car rear-seat entertainment systems allow rear passengers to watch videos or play games. Such smart accessories not only elevate the in-cabin experience but also improve safety by reducing distraction for drivers. This trend is expected to rapidly gain traction over the forecast period and significantly contribute to market growth.

Segment Analysis:

The global interior car accessories market is segmented by product type, sales channel, and vehicle type. By product type, electronics accessories dominated the market in 2019, accounting for 29% share. This is due to the rising preference for digital connectivity and advanced infotainment systems in cars. Furthermore, demand for electronics accessories such as rear-view cameras, Bluetooth adapters, and USB connectors is growing with increasing vehicle safety and convenience requirements.

Key Takeaways:

The Global Interior Car Accessories Market Size is expected to reach US$ 285,789.7 Mn by 2030, expanding at a CAGR of 5.6% during the forecast period. Rapid urbanization and rising disposable income have augmented the sales of passenger vehicles worldwide, thereby boosting the demand for interior car accessories.

Regional Analysis

North America dominated the interior car accessories market in 2019 with a share of 35%, owing to high vehicle ownership and frequent replacement rates. Asia Pacific is expected to witness the fastest growth over the forecast period, expanding at a CAGR of 6.3%. Countries like India, China, and Japan are major growth engines of the Asian market, attributed to rising vehicle production and sales.

Key Players:

Key players operating in the interior car accessories market are Momo Srl, Pioneer Corporation, Star Automotive Accessories, Garmin Ltd., H.I. Motors, Pecca Group Berhad, U.S. Auto Parts Network, Inc., Covercraft Industries, LLC, O’Reilly Auto Parts, Lloyd Mats, CAR MATE MFG. CO., Ltd., and Classic Soft Trim. Major players are focusing on new product development and acquisitions to strengthen their market position.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it