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

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

Global Automotive Air Suspension Market 2017-2021

About Automotive Air Suspension The suspension system in a vehicle makes a vehicle ride comfortable and helps keep the vehicle in control. The suspension system essentially maximizes the friction between the tires and the road to provide steering stability and the required road grip. The main functionality of a suspension system is to offer driving comfort for passengers by absorbing vibrations and protection of the chassis components and body of the vehicle. The conventional suspension system is made up of several components like the chassis, which holds the body of the vehicle. The coil springs provide support to the vehicle weight and tend to absorb vibrations and noise when the vehicle is in contact with the road, thus reducing the shocks from affecting the passengers. The coil spring......
$3500

Global Automotive Diecast Scale Model Market 2017-2021

About Automotive Diecast Scale Model Diecast scale models are models of actual production cars, vintage cars, as well as bikes, which are marketed in a variety of scale ranges as collectibles. These are targeted to different audiences, ranging from collectors to amateurs. Usually, diecast models are created on a body-on-frame basis, even though the originals may be monocoque or unibody. This is due to the relative ease of both construction and assembly with a body-on-frame, where only the body is created using the diecasting process, whereas the chassis and interiors are made of separate plastic or metallic components. The analysts forecast global automotive diecast scale model market to grow at a CAGR of 5.27% during the period 2017-2021. Covered in this report This report cover......
$3500

Global Marine Powerboats Batteries Market 2017-2021

About Marine Powerboats Batteries A powerboat is a marine vessel powered by an engine. Marine powerboat batteries are used for engine ignition and for powering the electrical components of the boat like boat lights, marine fuse blocks, and electrical panels. The market mainly includes two types of batteries such as lead-acid batteries and lithium-ion batteries. Marine batteries form one of the main components of marine powerboats. Every powerboat requires power for a starter motor and fuel injector, which is supplied by the powerboat battery. The type of marine powerboat battery is determined based on the frequency of boat use and the number of electrical components present in the powerboat. Since boating activities are seasonal in nature, marine powerboat batteries are made to withstand ......
$3500

Global Automotive Air Filter Market 2017-2021

About Automotive Air Filter Air filter is an essential component of a heating, ventilation, and air conditioning (HVAC) system as it removes the particulate contaminants from the supplied air, which would be harmful to the occupants of the vehicle. It also forms an essential component of air moving devices, such as fan coils, terminal units, and air handlers, as it removes the dirt that causes the blockage of the coil and imbalance in the fan wheels. The analysts forecast global automotive air filter market to grow at a CAGR of 4.50% during the period 2017-2021. Covered in this report This report covers the present scenario and the growth prospects of the global automotive air filter market for 2017-2021. To calculate the market size, the report considers the global sales volume ......
$3500

Global Smart Baggage Handling Solutions Market 2017-2021

About Smart Baggage Handling Solutions Smart baggage handling (SBH) solutions is a combination of highly advanced systems integrated with cloud-based technologies, M2Mi and IoT platform to enhance overall baggage handling process throughout passenger journey, across aviation ecosystem. Smart baggage handling (SBH) solutions include machine-to-machine (M2M), Internet of Things (IoT) platform, cloud-based airline applications and databases, and cloud-based analytics, which aid in connecting, managing, and securing real-time data and events from smart luggage using tracking devices. The main aim of SBH solutions is to enhance passenger travel experience and reduce their total travel time. The analysts forecast global smart baggage handling solutions market to grow at a CAGR of 12.41% duri......
$3500

Global Automotive Airbag Inflators Market 2017-2021

About Automotive Airbag Inflators An airbag inflator receives a signal in the event of a vehicle collision and a chemical reaction generates nitrogen gas, which inflates the airbag. The analysts forecast global automotive airbag inflators market to grow at a CAGR of 7.97% during the period 2017-2021. Covered in this report This report covers the present scenario and the growth prospects of the global automotive airbag inflators market for 2017-2021. To calculate the market size, the report considers the shipments of frontal, curtain, knee, and external airbag units. The market is divided into the following segments based on geography: Americas APAC EMEA This report, Global Automotive Airbag Inflators Market 2017-2021, has been prepared based on an in-depth market analysis ......
$3500