Increase in spending on interior accessories fuels the growth of the global Car Accessories market at a CAGR of 5.4 % during the forecast period 2024 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Car Accessories Market”that contains the information from 2019 to 2032.

The Car Accessories market is estimated to register a CAGR of 5.4 % during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global car accessories market— Continental AG, Adient PLC, Denso Corporation, Harman International, Kenwood Corporation, Grupo Antolin, Panasonic Corporation, Faurecia, Lear Corporation, Robert Bosch GmbH, Alpine Company, Westfalia Automotive, Coverking, WeatherTech, and AG Roush Performance.

Market Highlights

The global Car Accessories market is accounted for to register a CAGR of 5.4 % during the forecast period and is estimated to reach USD 10,7663.1 million by 2032.

Increasing demand for interior car accessories, which has resulted from growing consumer interest in comfort and aesthetics, is one of the multiple drivers making the global car accessories market dynamic. The growing automotive industry further fuels demand, and so is rising consumer preference for personalization, as it allows people to express their unique styles with customized accessories. The restraints in the market, however, are high costs associated with quality accessories and a general lack of awareness regarding products that are genuinely so, deterring the oncoming buyer.

In terms of opportunities, the growing aftermarket of the automotive industry will pave the way for high growth as owners turn to replacement parts and accessories. Besides, the increasing adoption of EVs opens new avenues for the development of specialized accessories for very EV-specific features and functionalities. Such dynamics—interplaying together—are shaping a complex landscape for the car accessories market.

Segment Analysis

The global CAR ACCESSORIES market has been segmented based on Type, End User, and Distribution Channel.

Based on type, the global Car Accessories Market has been segmented into interior accessories and exterior accessories. The interior accessories are further segmented into Infotainment System, Seat Covers, Mats, Central Locking System, Odor Remover, Device Charger, Communication System, Switches, and Others. Whereas, the exterior accessories segment includes LED Lights, Alloy Wheels, Chrome Accessories, Body Kit, Racks, Window Films, Covers, Crash Guards, and Others. Interior accessories account for the largest market share. The growth in interior accessories is driven by a rising focus on personalization and aesthetics in home design. Due to the desire to be individual and comfortable the need for special and fashionable home decorations has risen. Online shopping has also contributed to the ease of consumers to be able to stumble on and purchase these accessories.

Based on End User, the global Car Accessories Market has been segmented into Individual, and Commercial and Fleet Owner. In 2023, the individual segment accounted for the largest market share. Due to increase in car ownership across the world; people are looking forward to modifying and enrich their automobiles, which triggers a variety of accessories demand.

Based on Distribution Channel, the Global Car Accessories is segmented into Online Retail, Automotive OEMS, and Mass Merchandisers. In the car accessories market, the mass merchandisers segment remains high, as their large supply networks and distribution functions also guarantee that practically everything that is needed by a client is easily available in one accessory or the other. This extended coverage of the broad market and effective means of delivering the products enable the creation of demand in the car accessories market as well as ease access to the products.

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Regional Analysis

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South America. North America consists of the U.S, Canada, and Mexico.

The Asia-Pacific region is known to have a greatly growing car accessories market on the back of rising urbanization, increasing disposable income per capita, and ownership of cars. With more people owning cars, there is need to purchase accessories, parts and equipment that will in one way, or another improve on the performance of the car or add value to the car. Factories in countries such as China, India, and SE Asia continue to sell more cars and, after this, more car accessories. Moreover, advancement in e-commerce platforms helped customer to access many car accessories easily, which also offers impetus to the market growth. Other factors that have led to this growth include emerging technologies and trends where consumers are interested in self-driven automobiles. Instructively, the Asia-Pacific market is expected to rise with the global and local manufacturers’ stakes through the burgeoning middle class, and premium and customized automotive products.

It is forecasted that demand for car accessories in the Middle East and Africa (MEA) area is still growing at a good rate because of such factors as the growing number of car owners and the constantly increasing disposable income. Technological advancement, increase in sales of personal cars, and urbanization thus fuel the demand. Technological improvements of the artifacts including smart accessories and improved connectivity solutions are also pushing the market forward. Further, flood in the e-commerce platforms helps customers to get a large variety of products and thus enhance the sales. Governments’ funding on construction for infrastructures and well-developed roads also propels the automotive industry. Associated with the develop change of the region’s automotive industry, there is a tendency of increasing with car accessories since it generally represents the development of economy and people’s demand for the car.

Key Findings of the Study

• The global Car Accessories market is expected to reach USD 10,7663.1 million by 2032, at a CAGR of 5.4% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market.


• Based on Type, the Interior Accessories segment was attributed to holding the largest market in 2023.


• Continental AG, Adient PLC, Denso Corporation, Harman International, Kenwood Corporation, Grupo Antolin, Panasonic Corporation, Faurecia, Lear Corporation, Robert Bosch GmbH among others are some of the players in the market.