Passenger car Accessories Market -Growth Opportunities & Risk Analysis

1. Passenger car accessories Market Growth Opportunity Connect With Us: Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

2. Global Passenger Car Accessories Market Opportunity, 2016-2024 Sample Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

3. Passenger car accessories market-Risk Analysis Connect With Us: Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

4. Market Demand Risk-Low On the basis of Advancement in material technology On the basis of growing Sales of Automobile On the basis of Cost & Quality The high cost of quality passenger car accessories is one of the major factor which is restraining the growth of this segment. Moreover, the quality of passenger car accessories is one of the major concern which is rising among the car owners. The presence of large number of unorganized players in the market is increasing the penetration of poor quality accessories. These factors along with the high cost of quality accessories is creating a huge barrier for the organized market players to maintain their growth The global sales of passenger cars reached to 69 Million units in 2016, up 3 Million units as compared to sales of 66 Million Units in 2015. The rising sales of passenger cars across the globe is one of the major factor which is bolstering the demand for passenger car accessories. The growing parent market further boost the growth of after market in near future. Moreover, developing countries such as India, China and others are showcasing a tremendous growth in passenger car sales The enhancement in material technology in terms of design, life span and weight of the material is one of the factors which is responsible for the rising popularity of new and advance material car passenger accessories. On the other hand, the manufacturers of automobiles are also introducing customized and stylish car accessories which are gaining traction among the population and rising the demand for passenger car accessories Click here to contact us for detailed analysis of market dynamics. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

5. Market Supply Risk-Low On the basis of distribution channels On the basis of Market Players On the basis of Cost • The global presence of passenger car accessories players such as Ford, Suzuki, Honda, Hyundai, Nissan and others is the major factor which is increasing the supply into the global market. The supply of passenger accessories is high as compared to the demand on account of presence of large number of local manufacturers. The unorganized industry players are creating a huge challenge for the organized and global players by decreasing the market share of the companies • The passenger car accessories manufacturers are looking forward to increase the penetration of variety of products into the market by various distribution models. Generally, the big market players such as Ford, Volkswagon, Suzuki and others distribute their products through their showrooms and service stations. On the other hand, small and medium players has a different distribution model as they distribute their products through local repair shops and car interior shops • The cost of electrical accessories such as music systems, sensors and others is very high as compared to other car accessories. Most people preferred to get them repair to cut down spending cost of maintenance. However, the supply of electrical devices is expected to increase over the forecast period on account of rising sales of advanced electrical systems equipped passenger cars Click here for market research on passenger car accessories. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com