In 2021, the global demand for car seats and accessories is anticipated to be valued at US$ 5 billion, with expectations to reach US$ 5.3 billion by 2022. Moving forward, the market is forecasted to grow at a CAGR of 4.5%, ultimately reaching a valuation of US$ 8.3 billion from 2022 to 2032.
The car seat and accessories market is rapidly advancing with evolving technology and product innovation, driven by the influential automotive industry. The global automotive sector, known for its technological advancements and diverse product offerings, is poised to undertake strategic initiatives to bolster the car seat and accessories market. Additionally, the automotive industry serves as a significant indicator and catalyst for the economic growth of countries.
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Global Car Seat and Accessories Market: Market Participants
Some of the key players operating in the global car seat and accessories market are
- Phoenix Seating Limited
- Morrck Ltd.
- Clek Inc.
- Britas Romer
- RDM Group
- Amvian Automotive Pvt. Ltd.
- Diono LLC
- Lear Corporation
- Zone Tech
- Wagon
- Motor Trend
- CarXS
- Unique Bargains
- Kojem
- Welpettie
- EDAL
Car Seat and Accessories Market: Key Developments
In 2017, Lear Corporation, a key player in the global car seat and accessories market, announced the acquisition of Grupo Antolin’s seating business. Grupo Antolin specializes in the production of various car seat and accessories for North America and Europe markets
In 2018, Britas Römer another marquee player in car seat and accessories launched a new variant of car seat under the brand name of KIDFIX XP SICT and DUALFIX.
Car Seat and Accessories Market: Key Trends
Prominent car seat and accessories manufacturers have been making several key acquisitions in the view of expanding their business in the global market.
Opportunities for Car Seat and Accessories Market Participants
Over the years, customer perception has been changing with time and new technologies in the market. This factor has also been influencing the global car seat and accessories market. Customers desire to customize their car seat and accessories in accordance with their preference.
Furthermore, families with newborns or toddlers take extra precautions to ensure that their vehicles are equipped with baby care car seats, creating a huge opportunity for competitors in the global car seat and accessory market to gain traction in the baby care or infant care category.
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Brief Approach to Research for Car seat and Accessories Market
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, product type, application and sales channel.
The study is a source of reliable data on
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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