The car seat and accessories are projected to grow from US$ 5 billion in 2021 to US$ 5.3 billion in 2022. According to other projections, the market will expand at a 4.5% CAGR and reach a valuation of US$ 8.3 billion by 2032. Growth is ascribed to a powerful automotive sector that is well-established in terms of product offerings and technology.
The global auto industry is robust. Better technology and a wider range of goods are driving constant change in order to satisfy customers everywhere.It is also crucial for assisting any developed or developing nation in strengthening their economy.
Sustaining the leadership position in the automobile industry is critical given its global reach. This entails constantly adopting new technologies in order to provide better automobiles and other products for them.Car seats and other accessories are examples of items that have been improved over time.
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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 Pheonix seating limited, Morrck Ltd., Clek Inc., Britas Römer, RDM Group, Amvian Automotive (Pvt.) Ltd., Diono LLC and Lear Corporation, among others.
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)
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