Zion Market Research Car Accessories Market, 2016 – 2022 | Page 4

Car Accessories Market
Browse the full "Car Accessories Market by Products (Working lights, Torches,
Appearance accessories, Warning lights, Driving lights, Interior lights, E-sets, Interior
accessories, Lifestyle gadget, Instruments and gauges, Safety, Light module tuning,
Performance/stylish/luminaire tuning, Vision products, Appearance chemicals, Gas &
oil additives, Solar powered HVAC systems, Retrofit air conditioner sets, and Others):
Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022"
report at https://www.zionmarketresearch.com/report/car-accessories-market
In terms of revenue, Europe emerged as a leading region in terms of car accessories demand
and accounted for the majority of the market share of total revenue generated in 2016. This
growth is mainly due to increase consumer spending on car accessories. Moreover, increasing
population growth and changing lifestyle is projected to boost the demand for car accessories in
Asia Pacific region. After Europe, North America is another key regional market which accounted
for 27.3% of market share in 2016 and is expected to show significant growth in the near future
on account of increasing demand for car modifications. Middle East & Africa is expected to be
the fastest growing market in terms of revenue in 2016.
The global car accessories market is moderately consolidated, with the leading players
accounted for significant share of the market in 2016. Major companies have been investing in
product innovation, technological advancement, and maintaining quality standards in order to
retain their dominance in the market. The key players operating in the market are U.S. Auto
Parts Network Inc., Cover craft Industries LLC, Lloyd Mats, Star Automotive Accessories, Robert
Bosch GmbH, Hyundai Motor Company, Roush Performance, JCA Fleet Services, Classic Soft
Trim, Renault, Honda Motor Co., Ltd., and others.