by The global Interior Car Accessories Market is estimated to be valued at US$ 252360.27 Mn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The Interior Car Accessories market comprises products that enhance the aesthetics, comfort, and safety of a vehicle’s interior. These include floor mats, gloves boxes, knobs, electronic accessories, mats, organizing products among others. Such accessories provide added functionality, style, and protection to the vehicle interiors.
Market key trends:
One of the major trends in the interior car accessories market is growing demand for connectivity and smartphone integration features. Vehicle owners prefer accessories that allow seamless connectivity between their smartphones and in-car infotainment systems through Bluetooth or USB. This enables functions like playing music, receiving calls or using navigation apps on car display screens. Such trends are expected to drive demand for advanced electronic accessories with connectivity capabilities. Furthermore, rising vehicle customizationculture among Generation Z and millennials is also fueling demand for innovative interior styling products.
Segment Analysis
The Global Interior Car Accessories Market is segmented by product type, vehicle type, and distribution channel. Based on product type, the interior car accessories market is dominated by the interiors & in-car entertainment subsegment. This subsegment leads the market owing to the increasing demand for car safety equipment and interiors that enhance driving comfort and luxury.
Key Takeaways
Market size
The global interior car accessories market is expected to witness high growth, exhibiting a CAGR of 5.6% over the forecast period, due to increasing consumer spending on enhancing in-vehicle experience and comfort.
North America dominates the interior car accessories market, accounting for around 35% of the global market share. This is attributed to early adoption of new technologies and high disposable income in the US and Canada. Asia Pacific exhibits the fastest growth in the market due to increasing sales of passenger cars and rising living standards in major countries like China and India.
Key players operating in the interior car accessories market include Momo Srl, Pioneer Corporation, Star Automotive Accessories, Garmin Ltd., H.I. Motors, Pecca Group Berhad, U.S. Auto Parts Network, Inc., Covercraft Industries, LLC, O’Reilly Auto Parts, Lloyd Mats, CAR MATE MFG. CO., Ltd., and Classic Soft Trim. The market is fragmented with the presence of several global and regional players. Leading companies are focusing on new product launches and mergers & acquisitions to gain market share.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
