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Interior Car Accessories Market Trends

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Interior Car Accessories Market Key trends observed across the value chain are also included to provide report audiences with useful market insights.
Global Market Study on Interior Car Accessories:
Increasing Demand for Moving Car Accessories
likely to Boost Growth
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Report Media Releases
Global Interior Car Accessories Market Estimated to be
Valued at US$ 173.4 Bn by 2016; Growth Attributed to Rise
in Sales of Passenger Cars
The global interior car accessories market is estimated to reach a market valuation of US$
267.14 Bn by the end of 2024, registering a CAGR of 5.6% in terms of value over an eight-year
forecast period (2016–2024). A new report published by Persistence Market Research titled
“Interior Car Accessories Market: Global industry Analysis and Forecast, 2016-2024” examines the
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global interior car accessories market from 2016 to 2024 and provides useful insights on key
drivers and trends influencing the market.
The global interior car accessories market is categorized by product type into covers, electronic
accessories, knobs, consoles & organizers, car cushions & pillows, fragrance, communication,
car mats, central locking system, dash kits, and sunshades; by vehicle type into passenger cars
and pickup trucks; by distribution channel into OEM and aftermarket; and by region into North
America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. According to analysts at
Persistence Market Research, the passenger cars segment is estimated to account for a bulk of
the interior car accessories market by the end of 2016 and is expected to hold a market share of
92.0% by the end of the forecast period (2024).
Browse Complete Research Here @ http://www.persistencemarketresearch.com/marketresearch/interior-car-accessories-market.asp
Market dynamics
A growing consumer inclination towards an entertaining driving experience, increasing demand
for fast moving car accessories, and rising vehicle customization among a young population are
the key drivers expected to fuel growth of the global interior car accessories market over the
forecast period. Growth of the global automotive industry and a subsequent rise in the sales of
passenger cars and pickup trucks is further likely to boost the global market for interior car
accessories.
The global market for interior car accessories does face some challenges. “Availability of
counterfeit and inferior quality electronic accessories, which are mostly imported from Asian
Global Interior Car Accessories Market 2016-2024
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continents to other regions and cost competitiveness owing to huge market fragmentation is
anticipated to hamper the growth of the global interior car accessories market over the forecast
period.” --- Business Analyst – Automotive, Persistence Market Research
Download Research Report @ http://www.persistencemarketresearch.com/samples/11833
Market highlights
By product type, the covers and electronic accessories segments are collectively expected to
hold the highest revenue share over the forecast period. The covers segment is estimated to be
valued at US$ 36.46 Bn by the end of 2016, up from US$ 34.48 Bn in 2015. The electronic
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accessories segment is estimated to account for the highest revenue share, valued at US$ 48.84
Bn by the end of 2016.
By distribution channel, the aftermarket segment is estimated to account for 74.7% value share
in 2016 and is projected to register a CAGR of 5.2% over the forecast period.
Among regions, Europe is expected to account for the highest share of the global interior car
accessories market over the forecast period, owing to increased consumer spending on interior
car accessories in the region. Europe is estimated to account for a revenue share of 34.0% by
the end of 2016, registering a CAGR of 5.8% over the forecast period. North America is likely to
account for 20.1% revenue share by the end of 2024.
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Request Complete Table of Content Here @
http://www.persistencemarketresearch.com/market-research/interior-car-accessories-market/toc
Vendor information
Pep Boys, Pioneer Corporation, Garmin Ltd., O’Reilly Auto Parts, U.S. Auto Parts Network Inc.,
Pecca Group Berhad, CAR MATE MFG, CO., LTD., Covercraft Industries, LLC, Classic Soft
Trim, Lloyd Mats, H.I. Motors, Star Automotive Accessories, and Momo Srl are some of the
leading players operating in the global interior car accessories market. These companies are
focusing on a vertical integration of their supply chain. A common trend observed in the global
interior car accessories market is that market leaders are targeting new markets with strategic
mergers and acquisitions.
Global Interior Car Accessories Market 2016-2024
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Global Interior Car Accessories Market 2016-2024
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