
Europe Car accessories Market Forecast to 2027
Description
Europe Car accessories Market Forecast to 2027
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
Companies Mentioned
Adient Plc
Grupo Antolin
Denso Corporation
Robert Bosch Gmbh
Faurecia
Lear Corporation
Continental Ag
Harman International
Valeo
Alpine
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions
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
Companies Mentioned
Adient Plc
Grupo Antolin
Denso Corporation
Robert Bosch Gmbh
Faurecia
Lear Corporation
Continental Ag
Harman International
Valeo
Alpine
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions
Table of Contents
95 Pages
- 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,
- 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
- List Of Tables
- Table 1 List Of Assumptions
- Table 2 Europe Car Accessories Market Estimates & Forecast, By Type, 2018–2027 (Usd Million)
- Table 3 Europe Car Accessories Market Estimates & Forecast, By Interior , 2018–2027 (Usd Million)
- Table 4 Europe Car Accessories Market Estimates & Forecast, By Exterior, 2018–2027 (Usd Million)
- Table 5 Europe Car Accessories Market Estimates & Forecast, By Sales Channel, 2018–2027 (Usd Million)
- Table 6 Europe Car Accessories Market, By Country, 2018–2027 (Usd Million)
- Table 7 Germany: Car Accessories Market Estimates & Forecast, By Type, 2018–2027 (Usd Million)
- Table 8 Germany: Car Accessories Market Estimates & Forecast, By Interior, 2018–2027 (Usd Million)
- Table 9 Germany: Car Accessories Market Estimates & Forecast, By Exterior, 2018–2027 (Usd Million)
- Table 10 Germany: Car Accessories Market Estimates & Forecast, By Sales Channel Count, 2018–2027 (Usd Million)
- Table 11 France: Car Accessories Market Estimates & Forecast, By Type, 2018–2027 (Usd Million)
- Table 12 France: Car Accessories Market Estimates & Forecast, By Interior, 2018–2027 (Usd Million)
- Table 13 France: Car Accessories Market Estimates & Forecast, By Exterior, 2018–2027 (Usd Million)
- Table 14 France: Car Accessories Market Estimates & Forecast, By Sales Channel Count, 2018–2027 (Usd Million)
- Table 15 Belgium: Car Accessories Market Estimates & Forecast, By Type, 2018–2027 (Usd Million)
- Table 16 Belgium: Car Accessories Market Estimates & Forecast, By Interior, 2018–2027 (Usd Million)
- Table 17 Belgium: Car Accessories Market Estimates & Forecast, By Exterior, 2018–2027 (Usd Million)
- Table 18 Belgium: Car Accessories Market Estimates & Forecast, By Sales Channel Count, 2018–2027 (Usd Million)
- Table 19 The Netherlands: Car Accessories Market Estimates & Forecast, By Type, 2018–2027 (Usd Million)
- Table 20 The Netherlands: Car Accessories Market Estimates & Forecast, By Interior, 2018–2027 (Usd Million)
- Table 21 The Netherlands: Car Accessories Market Estimates & Forecast, By Exterior, 2018–2027 (Usd Million)
- Table 22 The Netherlands: Car Accessories Market Estimates & Forecast, By Sales Channel Count, 2018–2027 (Usd Million)
- Table 23 Luxembourg: Car Accessories Market Estimates & Forecast, By Type, 2018–2027 (Usd Million)
- Table 24 Luxembourg: Car Accessories Market Estimates & Forecast, By Interior, 2018–2027 (Usd Million)
- Table 25 Luxembourg: Car Accessories Market Estimates & Forecast, By Exterior, 2018–2027 (Usd Million)
- Table 26 Luxembourg: Car Accessories Market Estimates & Forecast, By Sales Channel Count, 2018–2027 (Usd Million)
- Table 27 Rest Of Europe: Car Accessories Market Estimates & Forecast, By Type, 2018–2027 (Usd Million)
- Table 28 Rest Of Europe: Car Accessories Market Estimates & Forecast, By Interior, 2018–2027 (Usd Million)
- Table 29 Rest Of Europe: Car Accessories Market Estimates & Forecast, By Exterior, 2018–2027 (Usd Million)
- Table 30 Rest Of Europe: Car Accessories Market Estimates & Forecast, By Sales Channel Count, 2018–2027 (Usd Million)
- Table 31 Partnerships/Joint Ventures/Contracts & Agreements
- Table 32 Adient Plc: Products Offered
- Table 33 Grupo Antolin: Products Offered
- Table 34 Grupo Antolin: Key Developments
- Table 35 Denso Corporation: Products Offered
- Table 36 Robert Bosch Gmbh: Products Offered
- Table 37 Robert Bosch Gmbh: Key Developments
- Table 38 Faurecia: Products Offered
- Table 39 Faurecia: Key Developments
- Table 40 Lear Corporation: Products Offered
- Table 41 Continental Ag: Products Offered
- Table 42 Continental Ag: Key Developments
- Table 43 Harman International: Products Offered
- Table 44 Harman International: Key Developments
- Table 45 Valeo: Products Offered
- Table 46 Valeo: Key Developments
- Table 47 Alpine: Products Offered
- List Of Figures
- Figure 1 Market Synopsis
- Figure 2 Market Attractiveness Analysis: Europe Car Accessories Market
- Figure 3 Europe Car Accessories Market Analysis, By Type
- Figure 4 Europe Car Accessories Market Analysis, By Sales Channel
- Figure 5 Europe Car Accessories Market: Structure
- Figure 6 Key Buying Criteria For Europe Car Accessories Market
- Figure 7 Research Process
- Figure 8 Top-down And Bottom-up Approaches
- Figure 9 Europe Car Accessories Market Size & Market Share, By Country (2020 Vs 2027)
- Figure 10 Market Dynamic Analysis Of The Europe Car Accessories Market
- Figure 11 Europe Luxury Vehicles Registrations, 2013–2018 (Million)
- Figure 12 Supply Chain Analysis: Europe Car Accessories Market
- Figure 13 Porter's Five Forces Analysis: Europe Car Accessories Market
- Figure 14 Europe Car Accessories Market, By Type, 2020 (% Share)
- Figure 15 Europe Car Accessories Market, By Type, 2018 To 2027 (Usd Million)
- Figure 16 Europe Car Accessories Market, By Sales Channel, 2020 (% Share)
- Figure 17 Europe Car Accessories Market, By Sales Channel, 2018 To 2027 (Usd Million)
- Figure 18 Europe Car Accessories Market: Major Players Market Share Analysis, 2020 (%)
- Figure 19 Competitor Benchmarking: Europe Car Accessories Market
- Figure 20 Adient Plc: Financial Overview Snapshot
- Figure 21 Adient Plc: Swot Analysis
- Figure 22 Grupo Antolin: Financial Overview Snapshot
- Figure 23 Grupo Antolin: Swot Analysis
- Figure 24 Denso Corporation: Financial Overview Snapshot
- Figure 25 Denso Corporation: Swot Analysis
- Figure 26 Robert Bosch Gmbh: Financial Overview Snapshot
- Figure 27 Robert Bosch Gmbh: Swot Analysis
- Figure 28 Faurecia: Financial Overview Snapshot
- Figure 29 Faurecia: Swot Analysis
- Figure 30 Lear Corporation: Financial Overview Snapshot
- Figure 31 Continental Ag: Financial Overview Snapshot
- Figure 32 Continental Ag: Swot Analysis
- Figure 33 Valeo: Financial Overview Snapshot
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