Passenger Car Accessories Market Size to Apex $653.38 Bn by 2034

Passenger Car Accessories Market Growth and Import & Export Analysis 2034

According to market projections, the passenger car accessories sector is expected to grow from USD 225.80 billion in 2024 to USD 653.38 billion by 2034, reflecting a CAGR of 11.21%. Passenger car accessories enhance comfort, convenience, and style for your ride. From seat covers and floor mats to phone holders and organizers, these add-ons personalize your car, improve functionality, and make every journey more enjoyable and hassle-free

Last Updated: 14 February 2025 Category: Aftermarket Insight Code: 1072 Format: PDF / PPT / Excel

Passenger Car Accessories Market Size, Share & Regional Developments

The passenger car accessories market is expected to grow from USD 251.11 billion in 2025 to USD 653.38 billion by 2034, with a CAGR of 11.21% throughout the forecast period from 2025 to 2034.

Passenger Car Accessories Market Size 2023 to 2034

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The Covid-19 pandemic has significantly impacted businesses worldwide, with quarantine measures and social distancing leading to reduced travel and slower economic growth. However, as automakers resume operations and auto sales gradually increase in regions with fewer Covid-19 cases, the market is expected to recover during the forecast period.

Key markets such as the US, China, and India have witnessed growth in auto sales, attributed to the economic recovery from Covid-19. For instance, in 2021, US light vehicle sales reached 14.9 million units, marking a 2.5% increase compared to 2020. Additionally, companies are implementing contingency plans and cost reduction measures to navigate through the uncertainties in the automobile industry.

For example:

  • Continental announced an expansion of its transformation plan to include additional cost reduction measures aimed at saving approximately $1 billion annually starting in 2023, with a goal to reduce its workforce by 30,000 employees by 2029.

In the long term, sales of automobile infotainment systems have surged due to increased smartphone accessibility and high-speed internet availability. Young buyers, in particular, prefer cars with advanced technology features, driving the adoption of Internet of Things (IoT) in automobiles and contributing to the growth of the passenger car accessories market during the forecast period.

From a geographical perspective, the Asia-Pacific region is poised to emerge as the largest market for passenger car accessories, driven by the presence of major automotive OEMs such as China and the increasing popularity of connected vehicles. Countries like Japan and South Korea are also witnessing rapid expansion in internet connectivity.

Furthermore, partnerships between elite companies and automobile OEMs are expected to further bolster the passenger car accessories market. For instance, in November 2022, Samsung Electronics' Harman International announced a partnership with Renault SA to supply custom-designed, high-performance Harman Kardon speakers for Renault Austral, indicating a positive outlook for market expansion in the forecast period.

Infotainment System Dominates the Interiors Accessories Market

The basic infotainment system in modern cars typically includes features such as a CD player, Bluetooth connectivity, USB port, cigarette lighter port, auxiliary port, video panel, radio, GPS, multiple speakers, and a control panel. However, the trend in the automotive industry is shifting towards advanced infotainment systems that offer enhanced connectivity and driving experiences, as car buyers increasingly prioritize connectivity features over other functionalities.

Investments by automakers and technology companies, as well as collaborations between them, are expected to further strengthen the infotainment industry.

For Instance,

  • In October 2022, Hyundai Mobis and Luxoft announced a partnership to promote and sell their new in-vehicle infotainment (IVI) platforms to third-party automakers. Together, they developed an IVI platform called Mobis Infotainment System (MIS), capable of controlling various aspects including digital devices, virtual reality head-up display, central group display, and three display seats. This platform will be showcased at the International Supplier Fair in Germany, indicating a significant advancement in infotainment technology.

The sales of vehicle infotainment systems have been accelerated by the increasing use of the Internet of Things (IoT) and navigation systems, along with the growing accessibility to the internet. Many companies are now introducing new cars with touchscreen-based infotainment systems as standard features, thereby contributing to the growth of the driving infotainment system market.

For example,

  • Maruti Suzuki, India's largest passenger car manufacturer, launched the new generation sub-4 meter SUV Maruti Suzuki Brezza in June 2022, equipped with a 9-inch touchscreen infotainment system called SMART PLAY PRO+.

With the rise in the use of electric cars and driverless vehicles, the demand for infotainment systems is expected to increase further. The widespread adoption of digital platforms in software-defined vehicles is anticipated to drive the market growth during the forecast period.

For Instance,

  • In November 2022, Qualcomm Technologies Inc. and Renault SA entered into a partnership to develop a high-performance digital platform for the next generation of Renault vehicles. Qualcomm will provide the Snapdragon digital chassis to support the digital cockpit system, connectivity, and advanced driver assistance (ADAS) features of the new Renault vehicles.

In conclusion, the considerations outlined above should inform the management of infotainment systems in passenger car interior products, emphasizing the importance of advanced connectivity features and technological advancements in enhancing the driving experience.

Asia Pacific to Exceed the Largest Growth Rate

Passenger Car Accessories Market NA, EU, APAC, LA, MEA Share, 2024

Asia Pacific is anticipated to emerge as the largest market for passenger car infotainment systems, primarily driven by several key factors. The region boasts a robust presence of auto parts original equipment manufacturers (OEMs) and experiences high sales of connected vehicles, particularly among young and affluent buyers who prefer vehicles equipped with advanced connectivity features. Moreover, the widespread use of smartphones and the burgeoning automotive industry further contribute to the growth of the market in this region. As internet access and electricity availability continue to improve, automobile sales are witnessing a significant uptick.

A notable trend in the region is the transition from basic voice-controlled systems to touch-screen infotainment systems that offer a plethora of features such as navigation, Apple CarPlay, Android Auto, telematics, and more. This shift is particularly evident in countries like India and China, where consumers are increasingly demanding advanced infotainment functionalities. Previously, infotainment systems were primarily available in higher-end car models. However, OEMs are now offering these systems even in mid-range and entry-level models to cater to evolving consumer preferences. In China, where infrastructure development is advanced, navigation systems have become a standard feature in nearly every car.

For Instance,

  • In June 2022, Nio Inc. introduced the ES7 electric sports car in China, which comes equipped with advanced infotainment features, including a 23-speaker surround sound system. This exemplifies the growing demand for sophisticated infotainment systems in the region.

While Asia Pacific leads the market, North America and Europe are also significant players in the passenger car infotainment market. These regions boast large vehicle fleets and have established dominance in connected car technologies. Additionally, the easy availability of new connectivity technologies such as the Internet of Things (IoT) and 5G networks further propels the growth of the market in these regions. Moreover, stable sales of electric and connected cars contribute to sustained growth in North America and Europe.

Passenger Car Accessories Industry Overview

The passenger car accessories market is a thriving sector characterized by numerous local stores and several major players. Among the prominent companies in the industry are Harman International Industries Inc., Faurecia, Denso Corporation, Robert Bosch, and Aptiv PLC. These key players are actively engaged in introducing new products, forming collaborations, and expanding their operations to stay competitive and meet evolving consumer demands.

For Instance,

  • In August 2022, Bosch India entered into an agreement with PTV Group to develop connected vehicle solutions tailored for the Indian market.
  • In June 2022, Continental made an investment in Motovis Smart Technology Company and forged a partnership aimed at developing solutions for autonomous driving, ranging from level 2 to level 4 automation.
  • In February 2022, Harman International, a subsidiary of Samsung Electronics, joined forces with Microsoft to announce a partnership. The collaboration seeks to integrate Microsoft Azure Private Multi-Access Edge Computing (PMEC) with Harman International's Digital Transformation Solutions (DTS) business, enhancing their offerings in the automotive sector.

These strategic initiatives underscore the commitment of major players in the passenger car accessories market to leverage technology and innovation to deliver enhanced driving experiences and cater to the evolving needs of consumers.

Passenger Car Accessories Market Companies

Passenger Car Accessories Market Key Players

  • Adient PLC
  • Grupo Antolin
  • Panasonic Corporation
  • Faurecia
  • Lear Corporation
  • Continental AG
  • Denso Corporation
  • Harman International Industries Inc.
  • Robert Bosch GmbH
  • Kenwood Corporation
  • Alpine Company

Passenger Car Accessories Market News

  • In November 2022, Continental made headlines with the inauguration of its automotive parts facility in Timisoara, Romania. The significant investment of €40 million ($41.2 million) into the factory aims to substantially expand its operational capacity and offerings. Specifically, Continental plans to enhance the production of user information systems, including manuals, by enlarging the factory premises from its current 7,000 square meters to an expansive 18,000 square meters.
  • Moving on to October 2022, Denso Corp. and NTT Com embarked on a collaborative venture to establish a pioneering Vehicle Security Operations Center (VSOC1). This strategic initiative is geared towards effectively combating the escalating cyber threats that target modern vehicles. By pooling their expertise and resources, Denso Corp. and NTT Com seek to bolster the cybersecurity measures within the automotive industry and safeguard vehicles against potential cyber attacks.
  • In September 2022, Harman International, a subsidiary of Samsung Electronics, introduced Ready Care, a groundbreaking solution designed to revolutionize vehicle safety and enhance the overall driving experience. Ready Care offers a holistic approach to vehicle well-being, providing distraction-free, stress-free, and personalized comfort features. By seamlessly integrating with vehicle systems, Ready Care aims to mitigate distractions, alleviate stress, and optimize the driving environment for enhanced safety and comfort.
  • Furthermore, September 2022 marked a significant milestone for Harman International as it completed the acquisition of CAARESYS, an Israeli company specializing in advanced car monitoring systems utilizing low-level non-contact radar technology. With this strategic acquisition, Harman International solidifies its position as a leader in the burgeoning in-cabin safety and health segment of the automotive industry. Leveraging CAARESYS' cutting-edge technology, Harman International is poised to deliver innovative solutions that prioritize passenger safety and well-being.
  • In February 2022, Bosch Mobility Solutions announced its acquisition of Atlatec GmbH, a renowned provider of digital mapping solutions for driver assistance and autonomous driving systems. This acquisition represents a strategic move by Bosch to bolster its capabilities in the development of autonomous driving technology. By integrating Atlatec's expertise in digital mapping with its existing portfolio of sensors, actuators, and software, Bosch aims to accelerate the advancement of autonomous driving systems, ultimately striving towards achieving SAE Level 4 autonomy.
  • Lastly, in November 2021, Lear Corporation unveiled its partnership with a global automotive OEM to deliver a cutting-edge global navigation satellite system integrated with precision vehicle positioning technology. As part of Lear's commitment to innovation in telecommunications for the automotive industry, this collaboration aims to provide vehicle OEMs with state-of-the-art 4G/5G telecommunications units. Through this partnership, Lear endeavors to empower automotive manufacturers with advanced connectivity solutions that enhance vehicle performance and functionality.

Passenger Car Accessories Industry Segmentation

Automotive accessories encompass a wide range of products or add-ons designed to enhance both the exterior and interior performance of passenger cars, thereby offering passengers complete comfort and convenience.

The segmentation of the passenger car accessories market is based on various factors, including application, sales channel, and region. In terms of application, accessories are categorized into interior accessories and exterior accessories.

Interior accessories include items such as infotainment systems, seat covers, carpets and mats,  electrical systems, security systems, and more. On the other hand, exterior accessories comprise LED lights, alloy wheels, body kits, luggage racks, window films, coatings, impact protection, and others.

Furthermore, passenger car accessories are also segmented based on the sales channel through which they are distributed. This includes original equipment manufacturers (OEMs) and the aftermarket. OEM accessories are those that are provided by the vehicle manufacturer at the time of purchase, while aftermarket accessories are those that are purchased separately and added to the vehicle later.

Lastly, the passenger car accessories market is segmented by region, encompassing key geographical areas such as North America, Europe, Asia Pacific, and the rest of the world. This segmentation allows for a better understanding of regional preferences, trends, and market dynamics, enabling businesses to tailor their offerings and strategies accordingly.

Market Segmentation

By Application

  • Interior Accessories
    • Infotainment System
    • Floor Carpets and Mats
    • Seat Covers
    • Electrical Systems
    • Security Systems
    • Others
  • Exterior Accessories
    • LED Lights
    • Alloy Wheels
    • Body Kits
    • Racks
    • Window Films
    • Covers
    • Crash Guards
    • Others

By Sales Channel

  • OEM
  • Aftermarket

By Geography

  • North America
    • United States
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • South Africa
    • Rest of Middle East and Africa
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About The Author

Dr. Arjun Patel is a distinguished expert in the automotive industry, holding advanced degrees in Automotive Engineering and Mechanical Engineering. His expertise spans automotive market dynamics, technological advancements, and sustainable practices. Dr. Patel excels in conducting in depth research and analysis on market trends, consumer preferences, and the economic implications within the automotive sector. He is renowned for his insightful publications on topics such as electric vehicles, autonomous driving technologies, and the evolution of sustainable transportation solutions. Dr. Patels research contributions have significantly advanced understanding in the field, earning him recognition as a leading authority in automotive research and analysis.

FAQ's

Passenger car accessories are aftermarket products designed to enhance the appearance, comfort, convenience, and functionality of passenger vehicles. These accessories encompass a wide range of products, including interior accessories (such as seat covers, floor mats, and dashboard covers), exterior accessories (such as spoilers, body kits, and window visors), electronic gadgets (such as GPS navigation systems, dash cams, and entertainment systems), and performance upgrades (such as aftermarket exhaust systems, air filters, and suspension components).

Passenger car accessories provide vehicle owners with opportunities to personalize and customize their vehicles according to their individual preferences and lifestyle needs. From custom paint jobs and vinyl wraps to decorative decals and LED lighting kits, these accessories allow owners to express their unique style while making their vehicles stand out on the road.

The demand for passenger car accessories is driven by factors such as consumer desire for vehicle personalization, comfort enhancement, convenience, safety, and entertainment. Changing consumer lifestyles, preferences for connected and smart vehicle accessories, and advancements in technology (such as wireless connectivity, integrated smartphone apps, and voice-controlled systems) drive product innovation and shape market trends in the passenger car accessories industry.

Aftermarket passenger car accessories represent a significant segment of the automotive aftermarket industry, offering business opportunities for manufacturers, retailers, distributors, and service providers. These accessories provide additional revenue streams for automotive businesses, encourage customer loyalty and repeat business, and support a thriving ecosystem of customization shops, specialty retailers, and online marketplaces catering to vehicle enthusiasts and DIY enthusiasts.

Vehicle owners should consider factors such as compatibility with their vehicle models, product quality and durability, warranty coverage, and the availability of professional installation services when selecting aftermarket passenger car accessories. Ensuring proper fitment, functionality, and safety is essential to maximize the value and enjoyment of aftermarket accessories while maintaining the integrity of the vehicle.

MORTH, carToq, Occupational Safety and Health Administration, SEMA Industry News, NHTSA, CBP.

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