Car Accessories Market Size

Car Accessories Market size is predicted to cross USD 350 billion by the end of 2036, growing at a CAGR of 11% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of car accessories was about USD 171 billion. This growth in the market is set to be encouraged by the growing young population. In 2022, over 2 billion adolescents and youth were recorded who were between the ages of 10 and 24.  Further, this young population has a huge demand for customized vehicles since their preference for aesthetic appeal in automotive is growing.

Furthermore, there has been surging competition between car manufacturers, which is why they are offering attractive accessories in order to satisfy customers changing preferences and obtain competitive advantages. Therefore, this factor is predicted to dominate the expansion of the market for car accessories over the years to come.