- Press Release -

Rockville, Md. The global market for automotive mobile accessories is set to grow from US$ 24.3 Bn in 2017 to more than US$ 30 Bn by the end of 2022, according to Fact.MR. Cars fitted with popular accessories tend to attract buyers, and more advanced setups open the door to new customers, which makes these digital add-ons a quiet contributor to vehicle sales.

Phone holders lead by product, passenger cars generate most demand, and the aftermarket dominates distribution. Europe anchors the market by region, ahead of a fast-growing North America.

Products, Vehicles and Channels

Phone holders are the standout product, expected to account for more than half of revenue by 2022, while adapters, USB holders and portable speakers together contribute a little over two-fifths. Price sensitivity runs through the market, with low-priced accessories making up more than US$ 12 Bn of sales in 2017. Passenger cars take close to three-quarters of value across the forecast period, and the aftermarket is the largest channel, accounting for over three-fourths of the market in 2017 as owners personalise their vehicles.

Regionally, Europe is dominant and grows steadily at a moderate rate. North America expands vigorously to bring in an estimated US$ 8.6 Bn by 2022, and Asia Pacific excluding Japan sits near the front with more than 20% of global revenue.

Connectivity Becomes Standard

The market rides the same wave lifting the rest of the connected car. Wider use of the Internet of Things and better in-vehicle electrical systems are making accessories more capable and more appealing, even as fluctuating commodity prices influence what they cost to produce. The result is a market shaped by consumer electronics habits as much as by the auto industry.

Suppliers and Their Playbook

The field is crowded with consumer electronics and accessory specialists.

• Belkin International, Inc., CAR MATE MFG. CO. LTD., Griffin Technology, Inc., Targus International, LLC., Mophie, Inc., Arkon Resources, Inc., Pro.Fit International Inc., BRACKETRON, INC., Wizgear, Moshi, Anker Technology Co. Limited, Mountek, and iOttie are among the key players profiled in the report.

Reading the Market for Decisions

For suppliers, phone holders and low-priced lines offer the clearest volume, with premium connected accessories opening room to grow. Investors get a steady market tied to consumer electronics demand. Procurement teams can plan around the aftermarket leading channels, passenger car applications dominating, and Europe carrying the largest opportunity through 2022.

About the Report

Fact.MR's study covers the global automotive mobile accessories market for the 2017 to 2022 forecast period, with segmentation by product, price range, vehicle type, sales channel and region. It sizes each segment, maps the competitive field, and weighs the connectivity trends shaping demand. Further detail is available in the automotive mobile accessories market report.

About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. The firm is known for its syndicated research, custom research and consulting solutions, helping clients make decisions on demand, competition, investment, procurement and future growth.