Home > Automotive > Aftermarket > Aftermarket Parts > Commercial Vehicle Accessories Market

Commercial Vehicle Accessories Market Share

Report ID: GMI7955
Published Date: Jan 2024
Report Format: PDF

Download Free Sample

Commercial Vehicle Accessories Market Share

Robert Bosch GmbH and Denso Corporation holds around 8% of the total market share, as these companies in the commercial vehicle accessories industry employ various strategies to bolster their positions in a competitive landscape. Firstly, there's a strong emphasis on research and development to introduce innovative and technologically advanced accessories that meet evolving industry standards and customer needs.

Both companies actively engage in partnerships and collaborations with vehicle manufacturers, tech companies, and startups to integrate their components into a wide range of vehicles and to co-develop new technologies. These strategic relationships help them stay ahead of the curve in innovation and ensure their products are integrated into as many vehicles as possible.

Commercial Vehicle Accessories Market Companies

Major companies operating in the commercial vehicle accessories industry are:

Aisin Corporation
ContiTech Deutschland GmbH
Delphi Automotive
Denso Corporation
Robert Bosch GmbH
Schaeffler
Sumitomo Electric Industries, Ltd.
Thule Group
Toyota Boshoku
Valeo

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of commercial vehicle accessories reached USD 93.9 billion in 2023 and is set to expand at over 5% CAGR from 2024 to 2032, owing to rapid urbanization and infrastructure development.

The trucks vehicle segment recorded 42% of the market share in 2023, due to the rising customization trends, regulatory requirements, and the increasing focus on sustainability.

North America accounted for 33% of the market share in 2023, driven by the increasing demand for commercial vehicles in the region.

Aisin Corporation, ContiTech Deutschland GmbH, Delphi Automotive, Denso Corporation, Robert Bosch GmbH, Schaeffler, Sumitomo Electric Industries, Ltd., Thule Group, Toyota Boshoku, and Valeo are some of the major commercial vehicle accessories companies worldwide.