Home > Automotive > Automotive Parts > 4X4 Vehicles Parts and Accessories Market

4X4 Vehicles Parts and Accessories Market Share

Report ID: GMI11276
Published Date: Sep 2024
Report Format: PDF

Download Free Sample

4X4 Vehicles Parts and Accessories Market Share

ARB Corporation Ltd, FCA US LLC, and Valeo SA hold a significant market share of around 22% in the 4X4 vehicles parts and accessories industry. These companies invest heavily in research and development, driving innovations in 4X4 vehicles parts and accessories solutions. These companies leverage partnerships with vehicle OEMs and product manufacturing companies to expand their market reach. Their strong distribution networks ensure that their products are readily available to consumers across various regions.

Additionally, these companies are increasingly integrating advanced technologies into their products, enhancing convenience, safety and security, thereby contributing to their dominance in the market.

4X4 Vehicles Parts and Accessories Market Companies

The major players operating in the 4X4 vehicles parts and accessories industry are:

ARB Corporation Ltd
FCA US LLC
Valeo SA
Bosch Mobility Solutions
Magna International Inc.
Hyundai Mobis
Denso Corporation

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of 4X4 vehicles parts and accessories reached USD 7.2 billion in 2023 and will grow at a 6% CAGR between 2024 and 2032, led by increasing consumer demand for off-road capabilities and adventure-driven lifestyles.

The SUV segment captured 58% share in 2023, primarily due to the widespread popularity of SUVs for their versatility and off-road capabilities.

Asia Pacific market recorded 31% share in 2023, propelled by the region's booming automotive industry and increasing consumer interest in off-road and recreational vehicles.

Some of the prominent industry players are ARB Corporation Ltd, FCA US LLC, Valeo SA, Bosch Mobility Solutions, Magna International Inc., Hyundai Mobis, and Denso Corporation, among others.