Global Automotive Accessories Market Research Report: By Accessory Type (Exterior Accessories, Interior Accessories, Performance Accessories, Safety Accessories, Convenience Accessories), By Vehicle Type (Passenger Cars, Commercial Vehicles, Two Wheelers, Electric Vehicles, Luxury Vehicles), By Material (Metal, Plastic, Leather, Fabric, Electronic), By Distribution Channel (OEMs, Dealerships, Online Retailers, Aftermarket Stores, Independent Installers), By Price Range (Low-Priced, Medium-Priced, High-Priced, Luxury-Priced, Mass-Market) and

Automotive Accessories Market Overview

As per MRFR analysis, the Automotive Accessories Market Size was estimated at 40.67 (USD Billion) in 2022.

The Automotive Accessories Market Industry is expected to grow from 42.31 (USD Billion) in 2023 to 60.5 (USD Billion) by 2032. The Automotive Accessories Market CAGR (growth rate) is expected to be around 4.05% during the forecast period (2024 - 2032).

Key Automotive Accessories Market Trends Highlighted

Automotive accessories continue to surge in popularity, driven by factors such as rising disposable incomes, advancements in vehicle technology, and increased consumer demand for customization. This growing market presents significant opportunities for businesses, with sectors like audio systems, navigation devices, performance enhancements, and aesthetic upgrades experiencing expansion.

Recent trends in the automotive accessory market include the integration of artificial intelligence (AI) and the Internet of Things (IoT), enabling accessories like smart dashboards and self-driving features. Sustainability is also becoming a prominent trend, with consumers opting for accessories made from eco-friendly materials and promoting reduced emissions. Furthermore, the rise of subscription-based services offers consumers flexibility and access to premium accessories without hefty upfront costs.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Automotive Accessories Market Drivers

Rising Demand for Vehicle Customization

The automotive accessory market is driven by the increasing demand for vehicle customization. Consumers are increasingly looking for ways to personalize their vehicles and make them stand out from the crowd. This has led to a surge in demand for a wide range of automotive accessories, including alloy wheels, spoilers, body kits, and custom paint jobs. The trend toward vehicle customization is expected to continue in the coming years as consumers become more discerning and demand more unique and personalized vehicles.

This is a major factor driving the growth of the Global Automotive Accessories Market Industry.

Technological Advancements

Technological advances also seem to be affecting the automotive accessory market. With the rapid development of new technologies, a number of opportunities seem to have opened up for automotive accessory manufacturers. For instance, vehicles with incorporated ADAS systems are in need of lane-departure warning systems, blind-spot monitoring, adaptive cruise control systems, and others. These devices increase the overall security of a vehicle and make it more convenient for the driver to work with it.

For this reason, it is expected that the Global Automotive Accessories Market Industry is going to benefit from the recent technological advances.

Growing Popularity of Electric Vehicles

The increasing demand for electric vehicles is one of the factors contributing to the growth of the automotive accessory market. Many types of accessories are needed for the operation of electric vehicles, such as charging stations, charging cables, and adapters. The growing popularity of electric cars is expected to result in an increase in the use of these accessories, which will contribute to the expansion of the range of products offered by the companies operating in the Global Automotive Accessories Market Industry.

Automotive Accessories Market Segment Insights

Automotive Accessories Market Accessory Type Insights

The global automotive accessory market is currently experiencing rapid growth, mainly due to the increased demand for comfort, convenience, and safety features in vehicles. The automotive accessory market can be segmented into several categories according to the type of accessory: exterior, interior, performance, safety, and convenience accessories. Exterior Accessories are the largest segment of the global automotive accessory market. The demand for this type of accessory is primarily driven by the increased popularity of personalized vehicles.

Exterior Accessories are products that are used to enhance the vehicle’s appearance and, up until the 1990s, included mainly accessories such as spoilers, air dams, and side-sills. However, today, these accessories include for example, body kits, custom grills, bumper and side moldings, and alloy wheels. Interior Accessories are accessories designed to enhance the comfort and practicality of a vehicle’s interior. These accessories are becoming increasingly popular due to the growing demand for luxury and comfort products. Performance accessories are used to improve the performance and handling of a vehicle.

The growing popularity of motorsport and performance driving is one of the major drivers of the market. For example, some of the performance accessories are engine tuning kits, exhaust systems, suspension upgrades, and performance brakes. Safety Accessories are products used to enhance the safety of a vehicle and its passengers. These accessories are becoming increasingly popular as people are getting more aware of the danger on the roads and the number of accidents is increasing. The last type of accessory is convenience accessories, which include products that provide convenience and practicality to the vehicle.

They include, for example, mobile phone chargers, cup holders, trash compactors, first-aid kits, storage compartments, and pet restraints. The global automotive accessory market is expected to continue growing in the future. The major drivers of the market are the increased vehicle production, rising disposable income, and the increased demand for convenience, comfort and safety products. Additionally, new technologies such as connected cars and autonomous driving will further drive the demand for new automotive accessory products.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Automotive Accessories Market Vehicle Type Insights

The Global Automotive Accessories Market segmentation by Vehicle Type comprises Passenger Cars, Commercial Vehicles, Two Wheelers, Electric Vehicles, and Luxury Vehicles. Passenger Cars dominate the market, accounting for over 50% of the revenue in 2023. The growing demand for passenger cars, particularly in emerging markets, drives this dominance. Commercial Vehicles hold a significant market share due to the increasing demand for goods transportation and logistics services. Two Wheelers are gaining traction, especially in densely populated urban areas and developing countries.

Electric Vehicles are witnessing a surge in demand due to government initiatives and consumer preference for eco-friendly transportation. Luxury Vehicles contribute to a niche market segment, catering to high-end consumers seeking premium accessories. The market growth is influenced by factors such as rising disposable income, technological advancements, and increasing vehicle customization trends.

Automotive Accessories Market Material Insights

The Material segment of the Global Automotive Accessories Market is a critical aspect, influencing market growth and consumer preferences. In 2024, the Metal segment held the largest market share, accounting for approximately 31.4%. Its durability, strength, and resistance to wear and tear make it a preferred choice for various automotive accessories, such as bumpers, wheels, and body panels. Plastic, with its lightweight, cost-effectiveness, and versatility, captured a significant market share of 26.8% in 2024. It is widely used in interior components like dashboards, door panels, and seat covers.

Leather, known for its luxury appeal, comfort, and durability, held a market share of 22.1% in 2024. It is primarily used in high-end vehicles for seats, steering wheels, and interior trims. Fabric, with its affordability, breathability, and wide range of colors and textures, accounted for a market share of 16.2% in 2024. It is commonly used in seat upholstery, headliners, and carpets. Electronic materials, including sensors, semiconductors, and displays, are gaining prominence due to the increasing adoption of advanced driver-assistance systems (ADAS) and infotainment systems.

This segment is projected to witness significant growth in the coming years.

Automotive Accessories Market Distribution Channel Insights

The distribution channel segment plays a critical role in the Global Automotive Accessories Market, influencing market growth and revenue generation. OEMs (Original Equipment Manufacturers) hold a significant market share, leveraging their direct access to vehicle production and distribution networks. Dealerships, authorized by OEMs, offer a wide range of accessories and provide installation services, contributing to their substantial market presence. Online retailers, with their vast product catalogs and convenience, have gained traction in recent years, offering competitive pricing and doorstep delivery.

Aftermarket stores specializing in automotive accessories and parts cater to DIY enthusiasts and independent repair shops, expanding the market reach. Independent installers, possessing technical expertise provide professional installation services, further driving market growth. As per market data, the Global Automotive Accessories Market is anticipated to witness substantial revenue growth in the coming years, driven by increasing vehicle production, rising consumer demand for customization and safety features, and the expansion of distribution channels.

Automotive Accessories Market Price Range Insights

The Global Automotive Accessories Market segmentation by Price Range into 'Low-Priced', 'Medium-Priced', 'High-Priced', 'Luxury-Priced', and 'Mass-Market' provides valuable insights into consumer preferences and market dynamics. The low-priced segment caters to budget-conscious consumers and is expected to account for a significant share of the market, driven by rising disposable income in emerging economies. The medium-priced segment targets consumers seeking a balance between affordability and quality and is projected to witness steady growth.

The high-priced segment caters to luxury vehicle owners and is expected to remain a niche market driven by demand for exclusive and premium accessories. The luxury-priced segment targets high-end consumers and is expected to grow at a rapid pace, fueled by increasing demand for customized and personalized accessories. The mass-market segment targets a wide range of consumers and is expected to experience moderate growth, driven by demand for cost-effective and functional accessories.

Automotive Accessories Market Regional Insights

The Global Automotive Accessories Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America and Europe are the dominant markets, accounting for a significant share of the global revenue. The APAC region is expected to witness the highest growth rate during the forecast period, driven by the increasing demand for automobiles and the rising disposable income of consumers. The South America and MEA regions are also expected to contribute to the growth of the global Automotive Accessories Market. The presence of a large number of automobile manufacturers and the growing popularity of aftermarket accessories are key factors driving the growth in these regions.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Automotive Accessories Market Key Players And Competitive Insights:

Major players in the Automotive Accessories Market industry are constantly striving to gain a competitive edge by developing innovative products and technologies. Leading Automotive Accessories Market players are investing heavily in research and development to create products that meet the evolving needs of consumers. This competitive landscape is driving the growth of the Automotive Accessories Market as companies seek to differentiate themselves and capture market share. Furthermore, strategic partnerships and collaborations are becoming increasingly common in the Automotive Accessories Market industry as companies look to expand their product offerings and gain access to new markets. The competitive landscape is expected to remain fragmented, with numerous players competing for market share. However, consolidation is anticipated in the future as larger players acquire smaller companies to strengthen their market position.

One of the leading companies in the Automotive Accessories Market is Magna International. The company is a global automotive supplier that designs, develops, and manufactures a wide range of automotive components, including accessories. Magna International has a strong presence in North America, Europe, and Asia and has a diverse product portfolio that includes exterior accessories, interior accessories, and performance accessories. The company's strong financial performance and commitment to innovation are key factors contributing to its success in the Automotive Accessories Market.

A major competitor to Magna International is Adient. The company is a global leader in the design, manufacture, and distribution of automotive seating systems. Adient also has a strong presence in the Automotive Accessories Market, offering a wide range of products, including seat covers, floor mats, and cargo management solutions. The company's focus on quality, innovation, and customer satisfaction has helped it to establish a strong market position. Adient's global reach and extensive product portfolio are key competitive advantages, enabling it to cater to the needs of a diverse customer base.

Key Companies in the Automotive Accessories Market Include:

• Bosch


• DENSO


• Aisin


• Magna International


• ZF Friedrichshafen AG


• Valeo


• Lear


• Hyundai Mobis


• Marelli Holdings


• Aptiv


• Continental


• Sumitomo Electric Industries


• TRW Automotive

Automotive Accessories Market Industry Developments

The global automotive accessory market is projected to reach USD 60.5 billion by 2032, exhibiting a CAGR of 4.05% during the forecast period (2024-2032). Rising disposable income, increasing vehicle production, and growing demand for personalized vehicles are driving market growth. Technological advancements, such as the integration of infotainment systems and advanced driver assistance systems (ADAS), are further fueling demand. Key industry trends include the proliferation of electric vehicles, the adoption of connected car technologies, and the emergence of autonomous driving systems.

Major players in the market include 3M, Magna International, and Valeo. Recent developments include the launch of innovative accessories such as smart mirrors, wireless charging systems, and heads-up displays. The market is expected to witness significant growth in the Asia-Pacific region due to the increasing vehicle population and rising consumer spending.

Automotive Accessories Market Segmentation Insights

Automotive Accessories Market Accessory Type Outlook

• Exterior Accessories


• Interior Accessories


• Performance Accessories


• Safety Accessories


• Convenience Accessories

Automotive Accessories Market Vehicle Type Outlook

• Passenger Cars


• Commercial Vehicles


• Two Wheelers


• Electric Vehicles


• Luxury Vehicles

Automotive Accessories Market Material Outlook

• Metal


• Plastic


• Leather


• Fabric


• Electronic

Automotive Accessories Market Distribution Channel Outlook

• OEMs


• Dealerships


• Online Retailers


• Aftermarket Stores


• Independent Installers

Automotive Accessories Market Price Range Outlook

• Low-Priced


• Medium-Priced


• High-Priced


• Luxury-Priced


• Mass-Market

Automotive Accessories Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa