Global Interior Car Accessories Market to Show US$ 267.14 Billion by 2024 : Persistence Market Research
Sample of this report is available upon request @ www.persistencemarketresearch.com/samples/11833
[1]
The global interior car accessories market is categorized by product type into covers, electronic accessories, knobs, consoles & organizers, car cushions & pillows, fragrance, communication, car mats, central locking system, dash kits, and sunshades; by vehicle type into passenger cars and pickup trucks; by distribution channel into OEM and aftermarket; and by region into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. According to analysts at Persistence Market Research, the passenger cars segment is estimated to account for a bulk of the interior car accessories market by the end of 2016 and is expected to hold a market share of 92.0% by the end of the forecast period (2024).
Market dynamics
A growing consumer inclination towards an entertaining driving experience, increasing demand for fast moving car accessories, and rising vehicle customization among a young population are the key drivers expected to fuel growth of the glob al interior car accessories market over the forecast period. Growth of the global automotive industry and a subsequent rise in the sales of passenger cars and pickup trucks is further likely to boost the global market for interior car accessories.
The global market for interior car accessories does face some challenges. "Availability of counterfeit and inferior quality electronic accessories, which are mostly imported from Asian continents to other regions and cost competitiveness owing to huge market fragmentation is anticipated to hamper the growth of the global interior car accessories market over the forecast period." --- Business Analyst – Automotive, Persistence Market Research
Market highlights
By product type, the covers and electronic accessories segments are collectively expected to hold the highest revenue share over the forecast period. The covers segment is estimated to be valued at US$ 36.46 Bn by the end of 2016, up from US$ 34.48 Bn in 2015. T he electronic accessories segment is estimated to account for the highest revenue share, valued at US$ 48.84 Bn by the end of 2016.
By distribution channel, the aftermarket segment is estimated to account for 74.7% value share in 2016 and is projected to register a CAGR of 5.2% over the forecast period.
Request to view Table of Content @ www.persistencemarketresearch.com/market-research/interio...[2]
Among regions, Europe is expected to account for the highest share of the global interior car accessories market over the forecast period, owing to increased consumer spending on interior car accessories i n the region. Europe is estimated to account for a revenue share of 34.0% by the end of 2016, registering a CAGR of 5.8% over the forecast period. North America is likely to account for 20.1% revenue share by the end of 2024.
To Buy Full Report for a Single User @ www.persistencemarketresearch.com/checkout/11833[3]
Vendor information
Pep Boys, Pioneer Corporation, Garmin Ltd., O'Reilly Auto Parts, U.S. Auto Parts Network Inc., Pecca Group Berhad, CAR MATE MFG, CO., LTD., Covercraft Industries, LLC, Classic Soft Trim, Lloyd Mats, H.I. Motors, Star Automotive Accessories, and Momo Srl are some of the leading players operating in the globa l interior car accessories market. These companies are focusing on a vertical integration of their supply chain. A common trend observed in the global interior car accessories market is that market leaders are targeting new markets with strategic mergers and acquisitions.
About Us
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients business needs.
PMR stands committed to bringing more accuracy and speed to clients business decisions. From ready-to-purchase market research repo rts to customized research solutions, PMRs engagement models are highly flexible without compromising on its deep-seated research values.
Contact
Persistence Market Research Pvt. Ltd
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Web: www.per sistencemarketresearch.com[4][5][6]
This release was published on openPR.
References
- ^ www.persistencemarketresearch.com/samples/11833 (www.persistencemarketresearch.com)
- ^ www.persistencemarketresearch.com/market-research/interio... (www.persistencemarketresearch.com)
- ^ www.persistencemarketresearch.com/checkout/11833 (www.persistencemarketresearch.com)
- ^ sales@persistencemarketresearch.com (www.openpr.com)
- ^ media@persistencemarketresearch.com (www.openpr.com)
- ^ www.persistencemarketresearch.com (www.persistencemarketresearch.com)
