Passenger Car Accessories Market Size, Share, Trends Forecast 2028
The Passenger Car Accessories Market was estimated around USD 224 billion by 2028, growing at a CAGR of 6.8% over the forecast period. The factors driving the growth of Passenger Car Accessories Market includes rising smartphone penetration rates, growing demand for infotainment systems, emerging trend of vehicle customization, improvements in vehicles safety features and increase in the production of automobiles around the world. Moreover, technological advancements in car accessories, increasing use of lightweight materials by manufacturers for developing lightweight automobiles and rapid growth in automotive aftermarket e-retailing and rise in the launch of innovative products, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, rising disposable incomes and growing population growth rates, are further contributing towards the Passenger Car Accessories Market Growth. Howeve...