4X4 Vehicles Parts and Accessories Market

4X4 Vehicles Parts and Accessories Market Size

The global 4X4 vehicles parts and accessories market size was valued at USD 7.2 billion in 2023 and is projected to grow at a CAGR of 6.1% between 2024 and 2032. Government worldwide invests in transportation infrastructure development for advancing regional tourism industry success rates. Government expenditure targets both the care of current infrastructure through repair work and design and construction of new infrastructure facilities. 

To quote an example of investment, in July 2024, for rebuilding and repairing transportation infrastructure of Gorgia, the U.S. department of Transportation granted USD 1.5 billion. The government is planning to redevelop several projects across the area. This investment will provide more access to improved road network, which is required for off-roading. These initiatives enhance tourism experience and generate more demand for 4X4 vehicles parts and accessories.

Vehicle production growth and increased sales performance simultaneously drive 4X4 vehicles parts and accessories market demand. Statista documents that SUVs achieved 23,865.8 thousand units global sales during 2022. Consumers increasingly focus on vehicle customization and improved performance which drives up demand for driveline and powertrain components along with suspension systems electronics and wheel & tires and other relevant parts.

Market growth accelerates from two key factors, government initiatives in road infrastructure development and increasing vehicle ownership expressions. 4X4 vehicles are selected more by consumers because they access difficult terrain areas effectively. Off-road adventures and hunting activities together with recreational uses make the vehicles excellent choices because of their innovative features.

4X4 Vehicles Parts and Accessories Market Trends

• Innovation through integration of GPS navigation systems, advanced suspension systems, and Advanced Driver Assistance Systems (ADAS) drives the market expansion.
  
• To enhance the safety of drivers, OEMs are now incorporating Advanced Driver Assistance Systems (ADAS) into their vehicles. It has numbers of cameras, sensors, and other equipment that increase drives throughout the duration of a trip.
  
• The Advanced Driver Assistance System (ADAS) Market size was reached at USD 38.1 billion in 2023 and is estimated to register a CAGR of 17% between 2024 and 2032.
  
• Advanced suspension systems in vehicles are integrated to handle rugged terrains that provide controlled and smooth rides in rocky trails or sandy dunes. These systems assist 4X4 vehicles to absorb large impact and minimize the risk of damage to the vehicle and improving control.
  
• The automotive active suspension system market was valued at USD 4.2 billion in 2023 and is projected to grow at a CAGR of 4.6% between 2024 and 2032. Market growth is driven by its ability to enhance the comfort and performance of vehicles.
  
• Major OEM of GPS tracking devices are designing new products to enhance the performance of vehicles. As an example, in Mau 2023, TELTONIKA debuted FMB930 smart GPS tracker for electric vehicles. This device also assists consumers in reducing the chances of vehicle losses and recovering stolen vehicles. 
  
• The global GPS tracking device market size was valued at over USD 2.9 billion in 2022 and is anticipated to grow at a CAGR of over 12.5% between 2023 and 2032. It helps with providing real-time maps with traffic and weather updates.
  

4X4 Vehicles Parts and Accessories Market Analysis

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The market is categorized by vehicle into SUVs, trucks, jeeps, and others. In 2023, the segment SUV held the 4X4 vehicles parts and accessories market share, approximately 55%, while the others segment is expected to experience a CAGR of about 10% by 2032.

• The growing demand for SUV technologies which provide powerful performance and superior trail capability enables the market expansion of SUVs. The new features improved the attractiveness of these models for the buyers.
  
• The growing consumer need encourages manufacturers to produce novel accessories. Jeep India launched Meridian Limited (0) 4X4 AT 2025 line up with added accessories option.
  
• As part of Meridian Jeep utilizes a 2.0-liter diesel engine that produces 168bhp/350Nm with a nine-speed AT and features an all-inclusive AWD system. Customers buying this package receive side profile accessories alongside hood decals and headlight features with customizable lighting functions.
  

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The 4X4 vehicles parts and accessories market is divided into several sales channels, including online retailers, automotive parts stores, specialty 4X4 shops, and OEM. In 2023, the OEM segment leads the market with a 47% share, while the online retail segment is projected to grow at a CAGR of over 7% from 2024 to 2032.

• OEMs establish themselves as industry leaders through their solid relationships with vehicle manufacturers who grant them access to perfect component compatibility alongside peak performance. These components deliver high-quality performance along with reliability to maintain both warranty guarantees and future resale value for vehicles.
  
• OEMs leverage their distribution networks along with prominent brand recognition to provide authentic parts above all else for consumers seeking manufacturer-approved products.
  
• Their diverse range of support and after-sales services along with market-leading quality positions OEMs firmly in their market position. The 4X4 vehicles parts and accessories industry thrives because OEMs excel at producing quality products which they maintain through exceptional support and compatibility.
  

Based on product, the 4X4 vehicles parts and accessories market, it is segmented into driveline and powertrain, suspension systems, electronics, bodies and chassis, seating, lighting, wheel and tires, and others, with the driveline and powertrain category expected to take the lead in the market due to increasing demand for high performance vehicles.

• Magna, Ironman, Valeo SA are launching a new driveline and powertrain specifically for 4X4 vehicles. An example, in January 2023, Magna Powertrain announced production plan of its EtelligentForce 4X4 EV powertrain solution. The company is planning to start powertrain production by 2025 for four-wheel-drive pickup trucks.
  
• The demand for improved performance in 4X4 vehicles drives manufacturers to install driveline upgrades with performance engines and enhanced handling systems in their vehicles.
  
• Technological innovations in vehicle accessories together with part improvements have significantly improved the attractiveness of 4X4 vehicle applications.
  

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• In 2023, APAC 4X4 vehicles parts and accessories market hold 30% of the revenue share and generating roughly USD 2.2 billion in revenue. This growth is driven by the region's robust automotive industry.
  
• China stands out as a key center for vehicles due to its high vehicle ownership rates and swift urbanization. As reported by Statista, the total number of vehicles sold in China reached 329.1 million in 2023.
  
• The region serves as the main view for both 4X4 component production and client use value thanks to its well-structured procurement supply chains that purchase from Chinese and Taiwanese as well as Indian suppliers.
  
• The American consumer population engages in outdoor activities which include four-wheel drive off-roading as well as both hunting and camping pursuits. According to the Bureau of Economic Analysis indoor recreation activities contributed 2.3% (USD 639.5 billion) to total U.S. GDP during 2023.
  
• The more favorable regulations and policies related to vehicle safety support 4X4 vehicles parts and accessories market growth in Europe. The government bodies are launching new policies to reduce accidents which encourage consumers to replace their vehicles accessories on time.
  
• A combination of generous household income and strong customer interest in vehicle modifications drives robust sales of 4X4 components throughout major European countries including Germany France and United Kingdom. Market dominance benefits from established automotive brands together with a mature distribution system.
  

4X4 Vehicles Parts and Accessories Market Share

• Top 5 companies in 4X4 vehicles parts and accessories industry are ARB Corporation, FCA US LLC, Valeo, Bosch, and Magna. They collectively hold about 30% of the market share in 2023.
  
• ARB Corporation is utilizing a proactive approach in strengthening its market position by continuously innovating the designs of vehicles. ARB Corporation is a renowned manufacturer of bull bars and front bumpers designed for the protection of the vehicles and the passengers during off-road activities.
  
• In addition, the company makes suspension kits, coil springs, and shock absorbers aimed to improve the off-road performance of vehicles within the Old Man Emu brand.
  
• Valeo’s activities also comprise the production and the design of specific lighter mounted systems such as Led headlamps, fog lights, and illumination regulation for highly challenging terrain.
  
• Bosch too, designs and manufactures a multitude of electronics such as the safety systems and components for fuel injection and powertrains. Bosch’s passion for automotive system innovation deeply favors the 4x4 parts and accessories market.
  
• The diverse offerings at Magna cover all segments of automotive production including drivetrain components together with electronic elements and lighting systems and suspension parts which enable 4x4 vehicle functionality.
  
• The company FCA US LLC operates as a major manufacturer of Jeep and Ram 4x4 automobiles which provides complete original equipment, accessories and performance components directly from the factory.
  

 4X4 Vehicles Parts and Accessories Market Companies

Major players operating in the 4X4 Vehicles Parts and Accessories industry are:

• ARB
• Bosch
• Continental
• Denso
• FCA US LLC
• Fox Factory Holding
• Hyundai
• Magna International
• Valeo
• ZF Friedrichshafen
  

Market leaders are continuously capitalizing on different market opportunities such as formations of partnerships and collaboratives, mergers and acquisitions, new launches and innovations, investment in research and development and so much more. This is useful as it allows the integration of new features and technologies relevant to 4X4 vehicles. Companies are also introducing new products to strengthen their product mix.

In order to remain competitive, larger corporations are investing in research and development. By investing in research and development activities, companies create innovations which in turn promote industrial development. Through relationships with other key players in the 4X4 Vehicles Parts and Accessories market, manufacturers obtain better access to markets, greater resources, and new products. In January of 2023, Bosch announced it would pour one billion dollars into a new research and development facility expected to be built in China. The building is expected to employ 10,000 workers and 300,000 square meters of space is devoted to it.

4X4 Vehicles Parts and Accessories Industry News

• In April 2024, Isuzu UK will team up with ARB UK to introduce a new ARB hub dealer program. This initiative is designed to enhance the experience for off-road and camping enthusiasts by offering a carefully selected range of ARB 4x4 accessories through specific dealers within the Isuzu network.
  
• In May 2023, Maruti Suzuki Jimny with 5 accessories officially revealed. The first accessory offered by Maruti Suzuki for Jimny will be the roof rails. Maruti will also offer additional side claddings for Jimny in its accessories pack. This protective addition will help off-roading enthusiast owners protect their cars from dents and scratches.
  
• In May 2023 Toyota Kirloskar Motor (TKM) introduced its initial “Great 4x4 X-Pedition” to the Indian market. Southern India hosted the inaugural off-roading experience through Toyota Kirloskar Motor's "Great 4x4 X-pedition" program in four sectors across the country. People visiting the event can evaluate SUVs from Toyota's vehicle fleet including the Hilux together with the Fortuner 4x4 and the LC 300 and the Hyryder AWD. Social activities together with environmental conservation work make up part of the annual event. The primary mission of TKM seeks to meet with 4x4 fans while enhancing their trail rides alongside fostering a motorsport community for fans worldwide.
  
• The automobile accessory producer Ironman 4X4 launched fresh RAV4 Toyota accessories for the United States market during March 2023. The product portfolio consists of four items including the ATS Suspension along with the ATS X Bumper Guard, Atlas Crossbars, and the Uberlight Tent which optimize road suspension while expanding off-road potential. The products deliver improved stability and durability as well as enhanced adventure readiness features that maintain the vehicles' practical usability for everyday driving.
  

The 4X4 vehicles parts and accessories market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) and shipment (Units) from 2018 to 2032, for the following segments:

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Market, By Displacement

• Below 400 cc
• 400-800 cc
• Above 800 cc

Market, By Propulsion Type

• Gasoline
• Diesel
• Electric

Market, By Application

• Utility
• Sports
• Recreation
• Military

The above information is provided for the following regions and countries:

• Alabama
• Alaska
• Arizona
• Arkansas
• California
• Colorado
• Florida
• Georgia
• Idaho
• Illinois
• Indiana
• Iowa
• Kansas
• Kentucky
• Louisiana
• Maine
• Michigan
• Minnesota
• Mississippi
• Missouri
• Montana
• Nebraska
• Nevada
• New Mexico
• North Carolina
• North Dakota
• Ohio
• Oklahoma
• Oregon
• Pennsylvania
• South Carolina
• South Dakota
• Tennessee
• Texas
• Utah
• Virginia
• Washington
• West Virginia
• Wisconsin
• Wyoming
• Rest of U.S.