Top 10 Leaders in Automobile Accessories - 2022

With the increasing inclination towards automobiles cutomization, rising number of purchases in the cars including other automobiles, growing demands of customers, the Indian automobiles market has expanded prolifically. This growth has also boosted demand in the aftermarket auto accessories, and provided the imported cars also present in the market, there are many advanced technology driven car accessories too available to equip the customers advancing demands for repairing or remodelling or customizing the automobiles.

The Indian after-sales of automobile accessory market has dramatically overhauled with the onset of auto accessories after market, its impact is quite visible in the auto market. As per Valuates Reports, Interior Car Accessories market size is estimated to be worth $212270 million in 2022 and is forecast to a readjusted size of $260940 million by 2028, registering a CAGR of 3.5 percent. While, Mordor Intelligence reports the passenger car accessories market to expand exhibiting a CAGR of 10.27 percent during 2020-2025. This growth is the result of increasing sales of passenger cars combined with rising sales of pickup trucks. The rising sales of automotive parts through e-retailers is expected to positively boost the global interior car accessories market growth in the near future.

 In the recent years, MSMEs and other businesses in the auto accessories sector have markedly contributed to the economy by creating motor clusters, exterior and interior accessories, suspension, and braking clusters. Due to the growing popularity of the aftermarket accessories, innovation is significantly propelling the growth of MSMEs and which is eventually helping the overall economy growth in India. There are many leaders in Automobile Accessories sector who need to be acknowledged for their quality product offerings in the market.

In this issue of the CEO Insights magazine, a list of `Top 10 Leaders in Automobile Accessories - 2022' is provided to the readers in corporate and different sectors, for informing on the excellent services leveraged by the Leaders in the industry. The listing is prepared by a team of industry veterans, CEOs and VCs, and the CEO Insights magazine editorial board.