Home > Automotive > Aftermarket > Aftermarket Parts > Car Accessories Market

Car Accessories Market Share

Report ID: GMI7148
Published Date: Oct 2023
Report Format: PDF

Download Free Sample

Car Accessories Market Share

The major companies operating in the car accessories industry are:

Hella GmbH & Co. KGaA
Pioneer Corporation
Garmin Ltd.
Minda Industries Ltd.
Bridgestone Corporation
Autozone Inc.
Michelin Group

In electronic accessories, Pioneer Corporation holds the largest market share due to its high focus on R&D to frequently innovate audio technologies with competitive pricing and forging OEM partnerships to provide factory-installed audio systems. The company's diverse product portfolio, designed to accommodate a wide spectrum of customer preferences, enables it to effectively target a broader cross-section of the market. The company's extensive distribution network encompassing both brick-and-mortar retail establishments and e-commerce platforms will further boost its market dominance.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of car accessories reached USD 196 billion in 2022 and is poised to grow at 5.5% CAGR from 2023 to 2032, attributed to the rising consumer preference for vehicle personalization and customization to enhance aesthetic appeal and functional capabilities.

Interior car accessories industry accounted for sizable revenue share in 2022 and is estimated to witness high demand through 2032, due to their substantial influence on elevating the overall driving experience and visual appeal of vehicles.

Asia Pacific market size was worth USD 113.1 billion in 2022, owing to the rising rate of vehicle ownership in the region.

Some of the leading car accessories providers are Hella GmbH & Co. KGaA, Pioneer Corporation, Garmin Ltd., Minda Industries Ltd., Bridgestone Corporation, Autozone Inc., and Michelin Group.