Market Research Report Car accessories sales volume worldwide, | Page 3

2017 and reach till 2.9 per cent in 2018, it can be contemplated as a state
of stagnant growth. It is not to say, that the market growth is impeded,
but rather it’s moving on a very sedating pace of recovery indicating the
state of economic stabilization for the present as well as the future rather
than a robust revival of global demand. Moreover, the correspondence
between the demand, investment, trade and productivity coupled with
the weak global growth may prove to be self perpetuating for the
Decorative Car Accessories industry- the information has been extracted
from research report “ Global Decorative Car Accessories Industry Situation and
Prospects Research report 2017 ”.
The global market for decorative car accessories is being majorly driven
by factors such as the growing automobile market, increasing popularity
of car customization among consumers, enhancing car aesthetics and
improving comfort. Apart from these, other factors such as the
increasing rapid industrialization coupled with urbanization in
developing nations are anticipated to drive the growth over the coming
years. These factors are continuously anticipated to push the sales of the
product in the global market. However, the safe use and disposal of
automotive interiors turns out to be a significant restraint impeding the
growth of the market currently.
The presence of the decorative car accessories industry is prominent
across all major regions of the world including North America, Western
& Eastern Europe, Asia-Pacific region, Japan, and Middle East &
Africa. The largest contributor with the highest consumer base is the
North American market which is further anticipated to witness healthy
growth rates owing to its stable automotive sales. Value additions by
suppliers and a strong sales channel would be indispensable for the
market growth. The key players identified as playing significant role in
the growth and development of the decorative car accessories industry
include Delphi Automotive, Robert Bosch GmbH, Continental AG,
Denso Corporation, Magna International, Aisin Seiki, Tenneco Inc,
Federal Mogul, 3d Carbon Automotive, Carroll Shelby International,
Roush Performance Products, Steeda Autosports, Classic Design
Concepts, JC Whitney, Driven By Style, HKS, Sparco Motor Sports, and