The European Accessories Market 2012 – 2020: Market size, Market Forecast and Recommendations

2017-03-31
Price :
Published : Mar-2017
No. of Pages : 72

“The European Accessories Market 2012 – 2020: Market size, Market Forecast and Recommendations”, a Trend Report by GlobalData, provides an executive-level overview of the European vehicle accessories market.

The passenger car accessories market will continue to evolve over the next four years to 2020. With vehicles becoming more diverse, and new niches being created, the scope and potential for vehicle accessories is also rapidly evolving. As vehicles and parts become ever more reliable, demand for replacement parts is diminishing and Original Equipment Manufacturers (OEMs) are facing a long term decline in aftersales revenues. This has prompted a renewed focus on accessories which remains a largely under exploited opportunity for most OEMs, and one which offers the scope for major profits to be made.

Scope

  • The European passenger car and light commercial vehicle accessories market will continue to evolve over the next four year, shaped by a number of core trends. Sales of aftermarket satellite navigation systems will continue to decline overall, affected by the continued prevalence and development of smartphones offering navigational capability and more vehicles which are delivered equipped with fully integrated in sat-nav technology as standard. Sales of in car entertainment systems will increase however.
  • Sales of roof boxes, roof bars and tow bars are all expected to grow slightly in the coming years, influenced by the continued popularity of lifestyle sports, including camping and cycling. At the same time, the trend for people to holiday at home or within their own country shows no sign of diminishing, even though the wider economy is back on a low-level growth cycle.
  • The markets for alloy wheels and floor mats are also buoyant, and are expected to remain so. Sales of floor mats are benefiting from a growing use of the online channel, influenced by the twin trends of people retaining ownership of their vehicle for longer periods of time, and an aging vehicle parc. These mean that more floor mats are being purchased to protect carpets for longer. Sales of alloy wheels are also expected to grow, affected by owners of premium vehicles in particular, starting to purchase a secondary set of tires for their vehicles for winter use. At the same time, the introduction of anti-dumping legislation, which has the effect of placing additional duty on Asian manufactured products means that alloy wheels are not as cheap as they once were, helping to keep values up.
  • Sales of aftermarket satellite navigation systems will continue to decline overall, affected by the continued prevalence and development of smartphones offering navigational capability and more vehicles which are delivered equipped with fully integrated in sat-nav technology as standard. Sales of in car entertainment systems will increase however.

Reasons to buy

  • This Trend Report helps executives build proactive, profitable growth strategies by offering comprehensive, relevant analysis of the European accessories market based on insights from within GlobalData’s proprietary aftermarket database, consumer insight from our bespoke annual survey and interviews with industry experts.
  • The report is designed for an executive-level audience, boasting presentation quality that allows it to be turned into presentable material immediately.
  • The broad but detailed perspective will help manufacturers and retailers to understand and succeed in the challenging accessories market.
Filed in: Automotive
Publisher : GlobalData
More Reports
Title Price Buy Now

Robotics in Utilities – Thematic Research

Robotics in Utilities - Thematic Research Summary Many existing robotics applications have historically been very industry-specific. The majority of robots continue to be deployed in manufacturing, and many of the newer robotics developments focus on certain sectors like healthcare or defense, with limited applicability to other sectors. Nevertheless, utilities have recently been going through a period of disruption that is pushing the industry out of its century-old comfort zone, and forcing it to seek innovative solutions to the many problems facing it. Utilities are increasingly turning to digital technologies to try and deal with the challenges of an increasingly decentralized infrastructure, regulatory pressure, and uncertainty around future business models and demand pattern......
$1950

Robo-Advice in Retirement, Pensions, and Protection

"Robo-Advice in Retirement, Pensions, and Protection", report looks at the range of robo-advice propositions currently available, and uses them to give an overview of how the space is evolving. It analyzes what types of providers are entering the market, what type of service they offer, and what areas of customer finances they are advising on. The report concludes with key questions providers must ask themselves when developing a robo-advice service, alongside key lessons learned from the case studies. Robo-advice generally refers to online platforms that provide automated, algorithm-based financial advice with minimal use of human intervention. The concept originated in the wealth management space for investment portfolio management, but is now expanding into other areas of financial s......
$3450

The European Service Parts Market, 2012 – 2022: Market size, market forecast and recommendations

The European Service Parts Market, 2012 - 2022: Market size, market forecast and recommendations Summary "The European Service Parts Market, 2012 - 2022", a Trend Report by GlobalData, provides an executive-level overview of the European vehicle service parts market. This report summarizes the state of the European service parts market. Like all aftermarket components, the service parts market was adversely affected by Europe's economic recession, with some markets experiencing lasting effect as a result of austerity. During times of recession, people will typically opt to repair their cars rather than replace them, seeking to pay cheaper prices for the components that are fitted as they do. Cheaper components are often less durable so volumes would be expected to increase over th......
$3450

The European Mechanical Parts Market, 2012 – 2022: Market size, market forecast and recommendations

The European Mechanical Parts Market, 2012 - 2022: Market size, market forecast and recommendations Summary "The European Mechanical Parts Market, 2012 - 2022", a Trend Report by GlobalData, provides an executive-level overview of the European vehicle mechanical parts market today, with forecasts of values and volumes up to 2022. It delivers deep quantitative and qualitative insight into the European mechanical parts market, analyzing key trends in the market based on proprietary data from GlobalData's aftermarket databases. Overall, the European mechanical parts market grew, both in volume and value terms, with growth in values outstripping the growth seen in volumes. Total volumes grew 13.2% across Europe between 2012 and 2017. Values for the same group of components grew 21%. T......
$3450

The European Crash Repair Parts Market, 2012 – 2022: Market size, market forecast and recommendations

The European Crash Repair Parts Market, 2012 - 2022: Market size, market forecast and recommendations Summary "The European Crash Repair Parts Market, 2012 - 2022", a Trend Report by GlobalData, provides an executive-level overview of the European tires market today, with forecasts of values and volumes up to 2022. It delivers deep quantitative and qualitative insight into the European tires market, analyzing key trends in the market based on proprietary data from GlobalData's aftermarket databases. After being suppressed, volumes have started to recover, with 2017 seeing the greatest volume of crash repair parts since 2012. Most of the volume growth comes from glass (11.7%), light housings (11.2%) and paints (6.5%). These components are most likely to be those requiring replaceme......
$3450

The European Tires Market, 2012 – 2022: Market size, market forecast and recommendations

The European Tires Market, 2012 - 2022: Market size, market forecast and recommendations Summary "The European Tires Market, 2012 - 2022", a Trend Report by GlobalData, provides an executive-level overview of the European tires market today, with forecasts of values and volumes up to 2022. It delivers deep quantitative and qualitative insight into the European tires market, analyzing key trends in the market based on proprietary data from GlobalData's aftermarket databases. It provides in-depth analysis of the following - - Market volumes generally grew between 2012 and 2017 with relatively few markets stagnating and even fewer declining. - Volumes have largely been dictated by relatively steady three-year replacement cycles, although with many motorists deferring tire replaceme......
$3450

The European Service Parts Market 2012 – 2020: Market size, Market Forecast and Recommendations

"The European Service Parts Market 2012 - 2020: Market size, Market Forecast and Recommendations", a Trend Report by GlobalData, provides an executive-level overview of the European vehicle service parts market. This report summarizes the state of the European service parts market. Like all aftermarket components, the service parts market was adversely affected by Europe's economic recession, with some markets experiencing lasting effect as a result of austerity. During times of recession, people will typically opt to repair their cars rather than replace them, seeking to pay cheaper prices for the components that are fitted as they do. Cheaper components are often less durable so volumes would be expected to increase over the longer term. The markets for components such as engine oil c......
$3450

Global Helicopter Tourism Market 2017-2021

About Helicopter Tourism Since the last decade, the introduction of new tourist destinations has fueled a revolution in the global tourism industry. With the increase in the number of the tourism service providers, there has been a significant growth in the demand for air travel and a simultaneous rise in the number of aircraft and helicopter. Some countries, such as Australia, France, Spain, South Africa, Hong Kong, Indonesia, the UK, and the US have been the major beneficiaries of global tourism over the years. The analysts forecast global helicopter tourism market to grow at a CAGR of 3.45% during the period 2017-2021. Covered in this report This report covers the present scenario and the growth prospects of the global helicopter tourism market for 2017-2021. To calculate the ......
$3500

Global Airport Fire Safety Equipment Market 2017-2021

About Airport Fire Safety Equipment The aviation industry is highly cost intensive in nature, and a single spark of fire or any malfunction in electrical system within an airport ecosystem can lead to high damage. Thus, airport fire safety systems are equipped in such infrastructures to provide safety at the right time at the right places to avoid mishaps. Smoke detectors, fire suppression systems, fire alarm and detectors, fire extinguishers, and emergency communication system (ECS) are some of the fire safety systems used at airports. The analysts forecast global airport fire safety equipment market to grow at a CAGR of 4.5% during the period 2017-2021. Covered in this report This report covers the present scenario and the growth prospects of the global airport fire safety equi......
$3500

The European Wear & Tear Parts Market 2012 – 2020: Market Size, Market Forecast and Recommendations

European wear and tear market has seen volumes fall in recent years, as the effects of the recession and subsequent European scrappage schemes have rippled through the aftermarket. Overall values also suffered over the same period. That has now started to change. The exhaust system market has started to show an increase in volume, growing by 2.2% between 2012 and 2016. The catalytic converter market has also declined in volumes, being affected by reduced quantities of precious metals within them, which influences their longevity; the overall market has declined by 1.8% between 2012 and 2016. Emissions regulations are one of the major influences on the manufacture of exhaust systems. The requirement for manufacturers to adhere to strict European emissions regulations means that vehicles ......
$3450
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy