Global Car Seat and Accessories Market

Global Car Seat and Accessories Market Size

Global Car Seat and Accessories Market size was USD 5 billion in 2021 and projected to grow from USD 5.5 billion in 2023 to USD 8.2 billion by 2032, exhibiting a CAGR of 4.6% during the forecast period.

Car seats are an important component to ensure the safety of automobiles, provides comfort and protection for passengers, mainly infants and children. Various available options in car seats are infant car seats, booster seats, convertible car seats and few specialized seats which are used for different purposes. Different accessories utilized in cars are floor mats, seat organizers, sun shade, seat covers, seat cushions and safety accessories. All these have a designated application which aid in enhancing the appearance and safety of people in a car.

Market Highlights

Global Car Seat and Accessories Market is expected to project a CAGR of 4.6% during the forecast period, 2022-2032

Global Car Seat and Accessories Market is expected to reach USD 8.2 billion, growing at a CAGR of 4.6% during forecast period owing to the growing awareness on road safety, implementation of various regulations by governments to ensure safety and increasing demand for comfort and ease in vehicles. The growing purchase of vehicles along with the rising stress on child safety are anticipated to drive the demand for the growth of the car seats and accessories market. As per the customers requirement, customizations are being done and to meet the needs of different age groups, several variations of car seats and accessories are being used which may boost market growth.

Global Car Seat and Accessories Market Segmentation

Car Accessories segment is expected to grow with high CAGR during the forecast period

Global Car Seat and Accessories Market is classified based on the Product Type into Car Seat, Car Accessories, Car Floor Liners, Car Alarm and Security Systems, Car Seatbelts, Car Sound Systems, Car Knob Levers and Door Products, Others. Car Accessories segment dominated the market and is expected to continue its dominance over the forecast period owing to the increasing acceptance of car accessories which involve floor mats, seat covers, steering wheel covers etc. that are utilized to improve the look of vehicles.

Indirect Car Seat and Accessories Sales segment is expected to grow with high CAGR during the forecast period

Global Car Seat and Accessories Market is classified based on the Sales Channel into Direct Car Seat and Accessories Sales, Indirect Car Seat and Accessories Sales. Indirect Car Seat and Accessories Sales segment dominated the market and is expected to continue its dominance over the forecast period owing to the availability of huge options to choose. The increasing adoption of online sales along with the emerging new specialized stores dedicated for car seat and accessories is expected to boost the growth of the market in the forecast period.

Market Dynamics

Growth Drivers

Increasing Demand for Online Shopping is Expected to Boost the Growth of the Market

The demand for customization is increasing rapidly due to the preference of people in accepting personalized car seat and accessories in their vehicles as it a convenient and affordable option. The increasing acceptability of online shopping due to the growing popularity of car seat and accessories is driving the demand for the growth of the market. The rise in willingness to spend on car seat and accessories owing to improve the appearance of vehicle along with the growing disposable incomes is expected to boost market growth.

Growing Awareness on Safety is Expected to Boost the Growth of the Market

The awareness regarding the importance of safety is increasing and this is anticipated to drive the demand for car seat and accessories market by the installation of enhanced safety features in vehicles. The production of vehicles is increasing due to the rising population and growing disposable incomes which may drive the demand for car seat and accessories market growth. The adoption of new technologies and advancements in technology related to car seat and accessories like improvements in safety of car seats and comfortable seating may drive the demand for the growth of the car seat and accessories market.

Restraint

Increasing Prices of Accessories May Restrain the Growth of the Market

Car seats and accessories are expensive and the entry of counterfeit products into the market is expected to restrain the growth of the market. Improper awareness on the importance of car seats and accessories along with the application of high taxes and dutiesmay hamper the market growth.

Recent Developments

• A In 2022, Dorel Juvenile Group was acquired by Britax Childcare Systems, which permitted Britax to expand its product portfolio.
• In 2020, Graco Children's Products acquired Safety 1st to facilitate the expansion of product portfolio.

Global Car Seat and Accessories Market

Key Players Covered:

• Clek Inc.
• Morrck Ltd.
• Britas Römer
• Amvian Automotive (Pvt.) Ltd.
• Lear Corporation
• Maruti
• Diono LLC
• Pheonix seating limited
• Mont Blac Industry Ab.
• Carorbis
• Zone Tech
• Cover craft Industries LLC
• Pioneer Corporation
• MOMO
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Regional Analysis

Global Car Seat and Accessories Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America dominated the global car seat and accessories market and is expected to continue its dominance over the forecast period owing to the growing awareness on importance of safety, increasing vehicles and rising online shopping popularity. The presence of large number of car seat and accessories manufacturers in countries of this region may drive the demand for market growth.

Impact of Covid-19 on Global Car Seat and Accessories Market

The COVID-19 outbreak had resulted in the economic downfall. Several countries had imposed travel restrictions and lockdown measures to control the spread of virus. The pandemic had resulted in reduced demand for car seats and accessories due to the staying back of people at home during the pandemic period and disrupted the supply chain for car seats and accessories. There was an increment in the cost of car seat and accessories manufacturing due to the factors like increased raw material prices, transportation costs, and shortage of man power. Covid-19 had a negative impact on the growth of the Global Car Seat and Accessories Market.

Global Car Seat and Accessories Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA.

Global Car Seat and Accessories Market Scope and Segments:

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