Europe Interior Car Accessories Market Outlook, 2028

Europe Interior Car Accessories Market Outlook, 2028

Europe is one of the most important markets for interior car accessories, with a significant presence of major global players in the region. Expansion of major car manufacturers' production plants in Slovakia by major passenger car manufacturers such as PSA, KIA Motors, and Volkswagen have been focusing on expanding their production facilities in Slovakia. As a result, the country's current trend will provide lucrative opportunities for the country's interior car accessory market. Higher growth is being driven by a higher prevalence of car customization among consumers in Spain and the Netherlands. Car customization, also known as ""tuning,"" is becoming increasingly popular among Spanish consumers, and this trend is heavily influenced by the trend seen in the United States. As a result, the growing popularity of car customization in Spain will be a boon for interior car accessory manufacturers throughout Western Europe. These factors are expected to increase demand for interior car accessories across Europe. The consumption of automotive interior materials is being driven by the region's industrial expansion and technological developments. The market's expansion is also expected to be aided by the improving global economy. Seat covers, floor mats, and electronic accessories are the most popular interior car accessories in the region.

According to the research report, ""Europe Interior Car Accessories Market Outlook, 2028,"" published by Bonafide Research, the market is projected to add around USD 24 billion from 2023 to 2028. The automotive sector is one of the key industries in Europe. The major growth drivers for the European automotive interior materials market include the growing demand for technology, the rising need for a safe and secure driving experience, and an increase in the development of connected cars. Automotive interior components and solution providers such as Grupo Antolin (Spain) and Faurecia (France) are the major players. With the on-going automotive industry developments and widening distribution network, the demand for automotive interior materials is expected to increase. In addition to that, increased adoption of smartphones and expanding internet access will significantly increase multi-channel and e-commerce purchasing. In Europe, there is a growing trend towards eco-friendly and sustainable materials in interior car accessories. This includes products made from recycled materials, natural fabrics, and non-toxic materials. Consumers are increasingly interested in personalising their cars and making them unique. This has led to an increase in demand for customised interior car accessories, such as custom seat covers, steering wheel covers, and floor mats.

Further, the integration of technology in cars has led to the development of advanced interior car accessories. This includes products such as wireless chargers, smart displays, and voice-activated controls. Consumers are also concerned about safety and health when it comes to their cars. This has led to an increase in demand for products such as air purifiers, UV sanitizers, and anti-bacterial materials. Comfort and convenience are always important factors in the interior car accessory market. Products such as car organizers, cup holders, and seat cushions continue to be popular among consumers. According to the report, the market is segmented into electronics accessories, consoles and organizers, mats, interior covers, central locking systems, armrests, communication systems, dash kits, sunshades, interior lighting, air fresheners, interior chrome accessories, and others. Among them, the electronics accessories segment is leading the market in 2022, followed by interior covers. However, the interior lighting segment is growing at a higher CAGR for 2023–28.

According to the research report, the Europe market is segmented into six major countries, including Germany, the United Kingdom, France, Spain, Italy, and Russia. Among them, Germany is leading the market in 2022. The country has the necessary infrastructure to support e-commerce in the automotive industry owing to rising hybrid and electric vehicle sales in recent years. Customers are shifting from conventional to electric vehicles as a result of strict government regulations that require low gas emissions. Furthermore, rising accidental repairs, ageing vehicles, and rising wear and tear repairs are expected to drive industry statistics. Further, the European Union (EU) has several regulations in place that govern the production and sale of interior car accessories. For instance, the REACH regulation (Registration, Evaluation, Authorization, and Restriction of Chemicals) applies to the use of chemicals in the production of interior car accessories. Manufacturers must ensure that any chemicals used in their products comply with REACH requirements, which include restrictions on the use of certain chemicals that are harmful to human health or the environment. The RoHS (Restriction of Hazardous Substances) directive restricts the use of certain hazardous substances in the production of electronic and electrical equipment, including some interior car accessories such as electronic air fresheners or sound systems.

Interior car accessories are applied to a wide range of vehicles in Europe, including cars, SUVs, vans, and trucks. The types of interior accessories that are popular in Europe can vary based on a variety of factors, such as the type of vehicle, the climate, and the personal preferences of the driver. Luxury vehicles in Europe may have a wider range of interior accessories available, such as high-end floor mats, leather seat covers, and custom dashboard covers. Based on the report, the market is classified into various vehicle types, including small-sized cars, mid-sized cars, SUVs, MPVS, luxury cars, and pickup trucks such as the Toyota Tacoma, Ford Ranger, Jeep Gladiator, Chevrolet Colorado, GMC Canyon, and Hyundai Santa Cruz. Among them, SUVs are projected to lead the market by the end of the forecast period. However, MVPs are projected to grow at a higher CAGR by 2028.

According to the report, the European interior car accessories market is divided into two major distribution channels: OEM and aftersales. Among them, the aftersales market is projected to lead the market by the end of the forecast period with more than 85% market share. Many automotive retailers in Europe offer a wide variety of interior car accessories for sale, either in-store or through their online platforms. These stores often carry popular brands and can offer expert advice on the products they sell. Some auto parts stores in Europe also offer interior car accessories for sale, especially those that specialise in selling aftermarket car parts and accessories. Also, car dealerships in Europe may also offer a selection of interior car accessories for sale, often focusing on accessories that are specific to the makes and models they sell. There are also specialty stores in Europe that cater to specific interior car accessories, such as seat covers, floor mats, and steering wheel covers. On the other hand, e-commerce platforms such as Amazon, eBay, and AliExpress have a significant presence in Europe and offer a wide range of interior car accessories for sale. Customers can browse through various brands and products, compare prices and features, and purchase the items they need with ease. Direct consumer sales via internet channels are expected to have a long-term positive impact on the distribution channel. Internet payment services are typically preferred by e-commerce shoppers in Europe. Among the payment options driving the shift to an e-commerce distribution channel are Melio, Bluesnap, and 2CheckOut. PayPal, Sofort überweisung, Vapulus, ELV, cash on delivery, and RatePay.

Recent Developments:
• Faurecia, a leading automotive supplier based in France, announced a new partnership with Microsoft to develop connected and personalized services for car interiors. This includes features such as personalised climate control, advanced lighting systems, and voice recognition.
• Sumitomo Riko, a Japanese company that specialises in automotive components, announced the acquisition of the interior and exterior trim businesses of the Italian company LGL Group. This acquisition will expand Sumitomo Riko's product portfolio and manufacturing capabilities in Europe.
• Katzkin, a US-based company that produces custom leather interiors for cars, announced the expansion of its operations in Europe. The company opened a new manufacturing facility in Poland to better serve its European customers.
• MAM Software, a UK-based software company that provides business management solutions for the automotive industry, announced a new partnership with Kwik Fit, one of the largest tire and automotive repair chains in Europe. The partnership will allow Kwik Fit to use MAM's cloud-based software to manage its inventory and customer data.
• Brose, a German automotive supplier that specializes in mechatronic systems, announced the development of a new lightweight seat structure for electric vehicles. The new design uses carbon fiber-reinforced plastic to reduce weight and improve comfort and safety.

Major Companies present in the market:
Continental AG, Grupo Antolin, HYUNDAI MOBIS, IAC Group., Visteon Corporation. , Truck Hero, Inc., Ficosa International SA., Pioneer, Garmin Ltd. , H.I MOTORS, Momo Srl., Harman International., Hayashi Telempu Corporation, WeatherTech

Considered in this report
• Geography: Europe
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Europe Interior Car Accessories market with its value and forecast along with its segments
• Country-wise Interior Car Accessories market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report:
• Germany
• United Kingdom
• France
• Spain
• Italy
• Russia

By Accessories Type:
• Electronics Accessories (Car Audio, Car Video, Car Chargers, Mobile Holders, Car Vacuum Cleaners, Inflator and compressor, Car Bluetooth Accessories, Car GPS Tracker & Navigation, Reverse Parking System, etc.)
• consoles and organizers
• Mats
• Interior Covers
• Central Locking Systems
• Armrest
• Communication System
• Dash Kits
• Sunshades
• Interior Lighting
• Air Freshener
• Interior Chrome Accessories
• Others (Seat Neck Cushion, Gear Knobs, etc.)

By Distribution Channel:
• OEM
• Aftermarket

By Vehicle Type
• Small-sized Cars
• Mid-sized Cars
• SUVs
• MPVs
• Luxury
• Pickup Trucks (Toyota Tacoma, Ford Ranger, Jeep Gladiator, Chevrolet Colorado, GMC Canyon, Hyundai Santa Cruz)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Interior Car Accessories industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.