Overview and Scope
Car seats and accessories refer to specialized components of vehicles designed to enhance the comfort, safety, and aesthetics of vehicles. These items ensure passengers’ safety and convenience, particularly for children, during car travel. Car seats and accessories are subject to stringent regulations and standards to guarantee effectiveness in safeguarding occupants in case of accidents or collisions.
Sizing and Forecast
The car seat and accessories market size has grown strongly in recent years. It will grow from $5.13 billion in 2023 to $5.41 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to stringent safety regulations, increasing focus on child passenger safety, changing consumer lifestyles and preferences, growth in urbanization and car ownership, growing awareness campaigns for child passenger safety.
The car seat and accessories market size is expected to see strong growth in the next few years. It will grow to $6.77 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to increasing demand for advanced safety features, growing emphasis on sustainability and eco-friendly products, integration of smart technology into car accessories, customization and personalization options for consumers, expansion into emerging markets and regions. Major trends in the forecast period include increased emphasis on safety features, rise in eco-friendly products, integration of smart technology, customization and personalization, expansion into emerging markets.
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Segmentation & Regional Insights
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), Aftermarket
Top 5 Major Players:
- Magna International Inc
- Faurecia SE
- Lear Corporation
- Lear Corporation
- AutoZone Inc
Asia-Pacific was the largest region in the car seat and accessories market in 2023. 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.
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Major Driver Impacting Market Growth
The rising automotive production is expected to propel the growth of the car seat and accessories market going forward. The automotive industry refers to the economy sector that encompasses the design, development, manufacturing, marketing, and sale of motor vehicles, including cars, trucks, buses, motorcycles, and other types of vehicles. The rise in automotive production is due to technological advancements, market trends, government policies, and industry investments. The rising automotive production creates a demand for car seats and accessories to equip these vehicles. Consumers purchasing new vehicles often seek to customize and enhance the driving experience with upgraded seats and accessories. For instance, according to the European Automobile Manufacturers Association, a Belgium-based association, in 2022, 85.4 million motor vehicles were produced worldwide, an increase of 5.7% compared to 2021. Therefore, rising automotive sales are driving the growth of the car seat and accessories market.
Key Industry Players
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
The car seat and accessories market report table of contents includes:
1. Executive Summary
2. Car Seat And Accessories Market Characteristics
3. Car Seat And Accessories Market Trends And Strategies
4. Car Seat And Accessories Market – Macro Economic Scenario
5. Global Car Seat And Accessories Market Size and Growth
…..
32. Global Car Seat And Accessories Market Competitive Benchmarking
33. Global Car Seat And Accessories Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Car Seat And Accessories Market
35. Car Seat And Accessories Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Car Seat And Accessories Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Car Seat And Accessories Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Car Seat And Accessories Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: Magna International Inc. Financial Performance
Table 75: Faurecia SE Financial Performance
Table 76: Lear Corporation Financial Performance
Table 77: Lear Corporation Financial Performance
Table 78: AutoZone Inc. Financial Performance
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