What Fueled The Previous Growth In The Car Seat And Accessories Market?
The car seat and accessories market has seen considerable growth due to a variety of factors.
• In the past few years, there has been a significant growth in the market size for car seats and accessories. The market, valued at $5.41 billion in 2024, is projected to escalate to $5.72 billion in 2025, representing a compound annual growth rate (CAGR) of 5.8%.
Key factors that have contributed to this growth during the historic period include strict safety standards, an increased emphasis on child passenger security, shifts in consumer lifestyles and choices, a surge in urbanisation and car possession, as well as heightened awareness campaigns around child passenger safety.
What Is The Expected Growth In The Car Seat And Accessories Market Size Evolve over the Forecast Period?
The car seat and accessories market is expected to maintain its strong growth trajectory in upcoming years.
• The automobile seating and associated accessories market is expected to experience substantial growth in the upcoming years, anticipating to reach a market size of $7.15 billion by 2029, progressing at a compound annual growth rate (CAGR) of 5.7%.
The predicted growth within this period is due to reasons such as a heightened demand for state-of-the-art safety features, a growing focus on sustainable and eco-friendly merchandise, incorporation of intelligent technology into car accessories, the ability for customization and individualization available to consumers, and the spread into developing markets around the world. Key trends influencing this growth window involve an escalated focus on safety features, a surge in eco-friendly products, incorporation of intelligent technology, consumer product tailoring, and intrusion into expanding markets.
What Main Forces Are Fueling Expansion In The Car Seat And Accessories Market?
The growth of the car seat and accessories market is anticipated to be driven by the increasing production of automobiles. The automotive industry, which includes the design, development, manufacturing, marketing, and sale of a variety of vehicles such as cars, trucks, buses, motorcycles among others, is experiencing an increase in production due to advancements in technology, market trends, government policies, and investments in the industry. The growth in automobile production stimulates a need for car seats and accessories for these vehicles. Customers purchasing new vehicles frequently desire to personalize and improve their driving experiences with enhanced seats and accessories. As stated by the European Automobile Manufacturers Association, a Belgium-based organization, there was a production of 85.4 million motor vehicles globally in 2022, indicating an uptake of 5.7% from 2021. Consequently, the surge in automotive sales is fueling the expansion of the car seat and accessories market.
What Are The Primary Segments In The Global Car Seat And Accessories Market?
The car seat and accessories market covered in this report is segmented –
1) By Product Type: Car Seat, Car Accessories, Car Alarms And Security Systems, Car Floor Liners Or Floor Mat And Carpet, Car Knob Levers And Door Products, Car Sound System, Car Seatbelts, Other Product Types
2) By Vehicle Type: Passenger Cars, Commercial Vehicles
3) By Distribution Channel: Original Equipment Manufacturer (OEM), After market
Subsegments:
1) By Car Seat: Infant Car Seats, Toddler Car Seats, Booster Seats, Convertible Car Seats, Car Seat Covers
2) By Car Accessories: Seat Cushions And Pads, Sunshades And Sun Visors, Steering Wheel Covers, Interior Lighting And Decor, Car Organizers
3) By Car Alarms And Security Systems: Car Alarm Systems, Vehicle Tracking Systems, Immobilizers And Keyless Entry Systems
4) By Car Floor Liners Or Floor Mat And Carpet: All-Weather Floor Mats, Custom Fit Floor Mats, Carpet Floor Mats
5) By Car Knob Levers And Door Products: Gear Knobs, Door Handles And Knobs, Car Window Cranks
6) By Car Sound System: Car Speakers, Subwoofers, Amplifiers, Car Stereos And Head Units
7) By Car Seatbelts: Standard Seatbelts, Adjustable Seatbelts, Seatbelt Covers And Pads
8) By Other Product Types: Car Roof Racks And Carriers, Car Mirrors (Side Mirrors, Rearview Mirrors), Car Cleaning Kits And Accessories
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What Trends Are Shaping The Car Seat And Accessories Market?
Large corporations in the car seat and accessories market, prioritize strategic alliances to innovate new products and consolidate their market positioning. A strategic alliance is an interactive partnership between several entities, usually businesses or organizations, that come together to pursue common objectives or strategic aims. For example, in December 2023, Hyundai Mobis, a South Korean automotive enterprise, revealed its collaboration with True Assistive Technology, an Indian-based mobility equipment firm, to roll out accessible car seat options in India, particularly the TurnPlus swivel seat mechanism. This collaboration aims to support individuals with disabilities and older citizens struggling with mobility. The TurnPlus device by True Assistive Technology is crafted to improve travel and life quality by making vehicular movement easier for those with mobility problems. This mechanism can be fitted into 80% of Indian cars in less than 5 hours without altering the vehicle's structure, thereby offering easy removal and reinstatement of the original seat.
Who Are the Key Players In The Car Seat And Accessories Market?
Major companies operating in the car seat and accessories market are:
• Magna International Inc.
• Faurecia SE
• Lear Corporation
• Lear Corporation
• AutoZone Inc.
• O’Reilly Automotive Inc.
• Adient Plc
• Advance Auto Parts Inc.
• Graco Inc.
• Pep Boys Manny Moe & Jack of Delaware Inc.
• Halfords Group Plc
• GRAMMER AG
• Toyota Boshoku Corporation
• Gentherm Incorporated
• Lund International Holdings Inc.
• Covercraft Industries
• WeatherTech
• Cars.com
• Thule Group
• Omix-ADA
• Baby Trend Inc.
• Jegs High Performance
• Automotive Parts & Machine Inc.
• Futuris Automotive
What Is The Most Dominant Region In The Car Seat And Accessories Market?
Asia-Pacific was the largest region in the car seat and accessories market in 2024. The regions covered in the car seat and accessories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
