Interior Car Accessories Market Seeking Excellent Growth | Honeywell International Inc., Zebra Technologies Corporation, Cognex Corporation & Toshiba TEC Corporation



 Over an eight-year forecast period (2016–2024), the global interior car accessories market is expected to reach a market valuation of US$ 267.14 billion by the end of 2024, registering a CAGR of 5.6 percent in terms of value. Persistence Market Research has released a new study named "Interior Car Accessories Market: Global Forecasts and Opportunities." The report “Worldwide Industry Analysis and Forecast, 2016-2024” looks at the global interior vehicle accessories market from 2016 to 2024 and offers valuable insights into the market's key drivers and trends.

Covers, electronic accessories, knobs, consoles & organizers, car cushions & pillows, fragrance, communication, car mats, central locking system, dash kits, and sunshades are the product types in the global interior car accessories market. Vehicle types include passenger cars and pickup trucks, and distribution channels include OEM and aftermarket.

According to CMI, passenger vehicles are predicted to account for the majority of the interior car accessories market by the end of 2016, with a market share of 92.0 the percent by the end of the forecast year (2024). The primary drivers projected to fuel growth of the worldwide interior car accessories market throughout the forecast period include a growing customer preference for an enjoyable driving experience, rising demand for fast-moving car accessories, and increased vehicle customization among a young population. The worldwide automotive industry's expansion, as well as following increases in passenger car and pickup truck sales are expected to boost the global market for interior automobile accessories.

There are certain challenges in the global market for interior automobile accessories. Over the forecast period, the availability of counterfeit and inferior quality electronic accessories, which are mostly imported from Asian continents to other regions, as well as cost competitiveness due to huge market fragmentation is expected to stymie the global interior car accessories market's growth.

The covers and electronic accessories categories are predicted to have the biggest revenue share by product type over the projection period. By the end of 2016, the covers segment is expected to be worth US$ 36.46 billion, up from US$ 34.48 billion in 2015. By the end of 2016, the electronic accessories segment is expected to have the biggest revenue share, valued at US$ 48.84 billion.

The aftermarket category is expected to account for 74.7 percent of value share by distribution channel in 2016 and to grow at a CAGR of 5.2 percent during the projection period.

These businesses are concentrating on vertical supply chain integration. Market leaders are targeting new markets with strategic mergers and acquisitions, according to a general trend in the worldwide interior vehicle accessories market.

  • Pecca Group Behad
  • Garmin Ltd.,
  •  Covercraft Industries
  •  Lloyd Mats
  •  Classic Soft Trim
  •  CAR MATE MFG.CO.,LTD.
  •   Pep Boys
  • O'Reilly Auto Parts
  • US Auto Parts Network, Inc.
  •  H.I Motors

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