Aftermarket e-Tailing to drive the Interior Car Accessories Market
Published On : Mar 17, 2021
The interior car accessories market is primarily driven by a remarkable rise in the demand for pickup trucks and passenger cars. Plus, the OEMs are coming up with customized versions of interior car accessories. Additionally, there is no denying to the fact that there is massive expansion of automotive aftermarket e-retailing in North America and Europe. The automotive aftermarket e-retailers like Carid.com, AutoZone, and Pep Boys have been selling a broad array
By type of product, it’s electronic accessories, dash kits, car cushions & pillows, sunshades, knobs, consoles & organizers, central locking system and fragrance, car mats, and covers. By type of vehicle, the market spans passenger cars (luxury PC, premium PC, mid-size PC, and compact PC) and pickup trucks. By type of channel, it’s aftermarket and OEM. This factor is expected to bolster the interior car accessories market going forward. In the developing economies, compact PC is expected to dominate due to the space constraints addressed (with dense population in countries like China and India). Car cushions and pillows are expected to lead in terms of product type going forward, especially with increase in geriatric population.
As far as geography is concerned, out of North America, Europe, the Asia-Pacific, LATAM, and MEA, North America holds the largest market share due to presence of majority of OEMs herein. Europe stands second with Germany being the flag bearer. The Asia-Pacific is expected to grow at the fastest pace between 2020 and 2030. This could be reasoned with Japan and China ruling the roost.
The ongoing trend in North America is such that people prefer multi-color seat covers, that too, with contrasting piping and stitching colors. There are consumers asking for perforated seat covers. This factor has compelled the OEMs to be more creative with respect to seat covers, thereby keeping the interior car accessories market on the move.
The key players in the interior car accessories market include Classic Soft Trim, Inc., Garmin Ltd., MOMO Srl, U.S. Auto Parts Network, Inc., Pioneer Corporation, Star Automotive, Car Mate Mfg Co., Ltd., Lloyd Mats, O’Reilly Auto Parts, Pecca Group Behad, H. I Motors, and Covercraft Direct LLC. Though they are at the forefront regarding interior car accessories, the fact that unorganized players are tabling low-quality interior car accessories can’t be ruled out. They are generally imported from Thailand, Korea, Taiwan, and China. So, it could be inferred that cost competitiveness through local players is a threat to the established players. It’s high time certain regulations get enforced in this regard.
The future lies with the unprecedented growth of the automotive industry. In fact, the period between 2020 and 2030 is bound to witness a paradigm shift with respect to cars. Electric cars are being pushed for in wake of checking the pollution of environment. Depletion of non-renewable resources is there to add. The OEMs will also be on the toes with regards to manufacturing internal car accessories attuned to the electric ones.
Sale Of Interior Car Accessories Surges With Rise in Sale of Passenger Cars; Vehicle Customizations Offer Growth OpportunitiesView Report