CRI market research report

Europe Car accessories Market Forecast to 2027

$2950 – $5250

The Europe car accessories market is expected to grow substantially during the forecast period, primarily due to the growing automotive industry in Europe.

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Description

Europe Car accessories market Forecast to 2027

Car accessories serve several purposes and help enhance the looks and upgrade the vehicle. They also help in improving the car’s ability and long-term maintenance of the vehicle. Moreover, car accessories are installed with the intention of improving functionality. For instance, a fog light is an exterior accessory that is useful to drive during the winter season and a rear-view camera is installed to help the car driver reverse and park in a limited space.
The Europe car accessories market is expected to grow substantially during the forecast period, primarily due to the growing automotive industry in Europe. Furthermore, the increased consumer spending in car interiors for increased passenger comfort is expected to support the growth of the car accessories market during the forecast period. Additionally, the growing automotive aftermarket services are likely to create growth opportunities for vendors in the car accessories market. However, the high costs and lack of awareness amongst consumers for genuine products are expected to restrain the Europe maintenance products & car accessories market growth during the forecast period.

Market Segmentation
The Europe Car Accessories market is segmented into interior and exterior based on type.
The Interior segment is expected to register the highest CAGR of 7.25% during the forecast period. The interior car accessories held the largest share in 2020 and include accessories such as Infotainment System, Seat Covers, Mats, Central Locking systems, Odor Remover, Device Charger, Communication System, Switches, and Others.
The seat covers segment accounted for the largest market share of 28.4% in 2019, with a market value of USD 28,253.1 million; it is expected to register the highest CAGR of 7.96% during the forecast period. The infotainment system segment was the second-largest market in 2019, valued at USD 20,067.7 million; it is projected to exhibit a CAGR of 7.51%.
The exterior accessories include LED Lights, Alloy Wheels, Chrome Accessories, Body Kits, Racks, Window Films, Covers, Crash Guards, and Others. Based on Sales Channel, the Europe Car Accessories market is segmented as OEM and Aftermarket.
The aftermarket segment accounted for the largest market share of 62.8% in 2019, with a market value of USD 1,04,597.1 million; the market is expected to register the highest CAGR of 7.23% during the forecast period. OEM segment was the second-largest market in 2019, valued at USD 62,075.9 million; the market is projected to exhibit a CAGR of 6.65%.

Regional Analysis
The report on the Europe Car Accessories market has been segmented, based on the country, into Germany, France, Belgium, The Netherlands, Luxembourg, and the Rest of Europe.
Germany accounted for the largest market share of 31.3% in 2019, with a market value of USD 52,102.0 million; it is expected to register a CAGR of 6.98% during the forecast period. France was the second-largest market in 2019, valued at USD 31,967.9 million; it is projected to register the highest CAGR of 7.70%.

Major Players
The key players operating in the Europe Car Accessories market are Adient Plc, Grupo Antolin, Denso Corporation, Robert Bosch Gmbh, Faurecia, Lear Corporation, Continental Ag, Harman International, Valeo, Alpine

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Table of Contents

TABLE OF CONTENTS 1 EXECUTIVE SUMMARY 1.1 MARKET ATTRACTIVENESS ANALYSIS 1.1.1 EUROPE CAR ACCESSORIES MARKET, BY TYPE 1.1.2 EUROPE CAR ACCESSORIES MARKET, BY SALES CHANNEL 2 MARKET INTRODUCTION 2.1 DEFINITIONS 2.2 SCOPE OF THE STUDY 2.3 RESEARCH OBJECTIVE 2.4 MARKET STRUCTURE 2.5 KEY BUYING CRITERIA 3 RESEARCH METHODOLOGY 3.1 RESEARCH PROCESS 3.2 PRIMARY RESEARCH 3.3 SECONDARY RESEARCH 3.4 MARKET SIZE ESTIMATION 3.5 FORECAST MODEL 3.6 LIST OF ASSUMPTIONS 4 MARKET INSIGHTS 5 MARKET DYNAMICS 5.1 INTRODUCTION 5.2 DRIVERS 5.2.1 GROWING AUTOMOTIVE INDUSTRY 5.2.2 INCREASED DEMAND FOR LUXURY VEHICLES 5.3 RESTRAINT 5.3.1 HIGH COSTS AND LACK OF AWARENESS FOR GENUINE PRODUCTS 5.4 OPPORTUNITY 5.4.1 GROWING AUTOMOTIVE AFTERMARKET 5.5 COVID 19 IMPACT ANALYSIS 5.5.1 IMPACT ON OVERALL AUTOMOTIVE INDUSTRY 5.5.2 IMPACT ON AUTOMOTIVE PRODUCTION 5.5.3 IMPACT ON CAR ACCESSORIES MARKET 5.5.3.1 IMPACT ON SUPPLY CHAIN 5.5.3.2 CASH FLOW CONSTRAINTS 6 MARKET FACTOR ANALYSIS 6.1 SUPPLY CHAIN ANALYSIS 6.1.2 DESIGN & DEVELOPMENT 6.1.3 RAW MATERIAL/COMPONENT SUPPLY 6.1.4 CAR ACCESSORIES MANUFACTURING 6.1.5 END USE 6.2 PORTER’S FIVE FORCES MODEL 6.2.1 THREAT OF NEW ENTRANTS 6.2.2 BARGAINING POWER OF SUPPLIERS 6.2.3 THREAT OF SUBSTITUTES 6.2.4 BARGAINING POWER OF BUYERS 6.2.5 INTENSITY OF RIVALRY 7 EUROPE CAR ACCESSORIES MARKET, BY TYPE 7.1 OVERVIEW 7.2 INTERIOR 7.2.1 INFOTAINMENT SYSTEM 7.2.2 SEAT COVERS 7.2.3 MATS 7.2.4 CENTRAL LOCKING SYSTEM 7.2.5 ODOR REMOVER 7.2.6 DEVICE CHARGER 7.2.7 COMMUNICATION SYSTEM 7.2.8 SWITCHES 7.2.9 OTHERS 7.3 EXTERIOR 7.3.1 LED LIGHTS 7.3.2 ALLOY WHEELS 7.3.3 CHROME ACCESSORIES 7.3.4 BODY KITS 7.3.5 RACKS 7.3.6 WINDOW FILMS 7.3.7 COVERS 7.3.8 CRASH GUARDS 7.3.9 OTHERS 8 EUROPE CAR ACCESSORIES MARKET, BY SALES CHANNEL 8.1 OVERVIEW 8.2 OEM 8.3 AFTERMARKET 9 EUROPE CAR ACCESSORIES MARKET, BY COUNTRY 9.1 OVERVIEW 9.2 EUROPE 9.3 GERMANY 9.4 FRANCE 9.5 BELGIUM 9.6 THE NETHERLANDS 9.7 LUXEMBOURG 9.8 REST OF EUROPE 10 COMPETITIVE LANDSCAPE 10.1 COMPETITIVE OVERVIEW 10.2 MARKET SHARE ANALYSIS, 2020 10.3 COMPETITOR BENCHMARKING 10.4 KEY DEVELOPMENTS & GROWTH STRATEGIES 10.4.1 PARTNERSHIPS/JOINT VENTURES/CONTRACTS & AGREEMENTS 11 COMPANY PROFILES 11.1 ADIENT PLC 11.1.1 COMPANY OVERVIEW 11.1.2 FINANCIAL OVERVIEW 11.1.3 PRODUCTS OFFERED 11.1.4 KEY DEVELOPMENTS 11.1.5 SWOT ANALYSIS 11.1.6 KEY STRATEGIES 11.2 GRUPO ANTOLIN 11.2.1 COMPANY OVERVIEW 11.2.2 FINANCIAL OVERVIEW 11.2.3 PRODUCTS OFFERED 11.2.4 KEY DEVELOPMENTS 11.2.5 SWOT ANALYSIS 11.2.6 KEY STRATEGIES 11.3 DENSO CORPORATION 11.3.1 COMPANY OVERVIEW 11.3.2 FINANCIAL OVERVIEW 11.3.3 PRODUCTS OFFERED 11.3.4 KEY DEVELOPMENTS 11.3.5 SWOT ANALYSIS 11.3.6 KEY STRATEGIES 11.4 ROBERT BOSCH GMBH 11.4.1 COMPANY OVERVIEW 11.4.2 FINANCIAL OVERVIEW 11.4.3 PRODUCTS OFFERED 11.4.4 KEY DEVELOPMENTS 11.4.5 SWOT ANALYSIS 11.4.6 KEY STRATEGIES 11.5 FAURECIA 11.5.1 COMPANY OVERVIEW 11.5.2 FINANCIAL OVERVIEW 11.5.3 PRODUCTS OFFERED 11.5.4 KEY DEVELOPMENTS 11.5.5 SWOT ANALYSIS 11.5.6 KEY STRATEGIES 11.6 LEAR CORPORATION 11.6.1 COMPANY OVERVIEW 11.6.2 FINANCIAL OVERVIEW 11.6.3 PRODUCTS OFFERED 11.6.4 KEY DEVELOPMENTS 11.7 CONTINENTAL AG 11.7.1 COMPANY OVERVIEW 11.7.2 FINANCIAL OVERVIEW 11.7.3 PRODUCTS OFFERED 11.7.4 KEY DEVELOPMENTS 11.7.5 SWOT ANALYSIS 11.7.6 KEY STRATEGIES 11.8 HARMAN INTERNATIONAL 11.8.1 COMPANY OVERVIEW 11.8.2 FINANCIAL OVERVIEW 11.8.3 PRODUCTS OFFERED 11.8.4 KEY DEVELOPMENTS 11.9 VALEO 11.9.1 COMPANY OVERVIEW 11.9.2 FINANCIAL OVERVIEW 11.9.3 PRODUCTS OFFERED 11.9.4 KEY DEVELOPMENTS 11.10 ALPINE 11.10.1 COMPANY OVERVIEW 11.10.2 FINANCIAL OVERVIEW 11.10.3 PRODUCTS OFFERED 11.10.4 KEY DEVELOPMENTS

Companies Mentioned

Adient Plc, Grupo Antolin, Denso Corporation, Robert Bosch Gmbh, Faurecia, Lear Corporation, Continental Ag, Harman International, Valeo, Alpine

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