India Automotive Accessories & Parts Market to Grow with a CAGR of 5.80% through 2030
Rising vehicle customization trends, increasing disposable incomes, and
growth in aftermarket services are the factors driving the market in the
forecast period 2026–2030.
According to TechSci Research report, “India Automotive
Accessories & Parts Market – By Region, Competition, Opportunities & Forecast, 2020-2030F”, The India Automotive Accessories & Parts
Market was valued at USD 3.39 Billion in 2024 and is expected to reach USD 4.75
Billion by 2030 with a CAGR of 5.80% during the forecast period.
The India Automotive Accessories & Parts market is undergoing
dynamic growth, driven by increasing vehicle sales and the rising trend of
vehicle customization among consumers. Growing awareness about vehicle safety
and comfort is encouraging buyers to invest more in advanced accessories like
driver assistance systems, enhanced lighting solutions, and ergonomic
interiors. The expanding middle-class population and urbanization contribute
significantly to the demand for both replacement parts and lifestyle-oriented
automotive accessories. Furthermore, rising fuel efficiency standards and
environmental concerns are leading manufacturers to develop eco-friendly and
durable accessory options, adding a new dimension to market offerings.
Innovation and evolving consumer preferences are influencing product
development and distribution channels in this market. The growing integration
of technology in vehicles has sparked demand for connected accessories, such as
telematics devices, wireless charging stations, and smartphone-compatible
entertainment units. Retailers and manufacturers are increasingly focusing on
omnichannel strategies, combining physical stores with robust online platforms
to enhance accessibility and consumer engagement. The emphasis on personalized
solutions has prompted a surge in customizable accessories, allowing consumers
to tailor their vehicles’ appearance and functionality to their individual
tastes. Additionally, aftermarket players are exploring partnerships with fleet
operators and ride-sharing companies to tap into the commercial vehicle segment
more effectively.
Despite the promising potential, several challenges persist in the
market landscape. Fragmented distribution networks and the dominance of
unorganized vendors continue to affect the consistency of product quality and
consumer trust. Complex regulatory frameworks and varying regional standards
sometimes hinder the smooth introduction of innovative products. Additionally,
fluctuating raw material prices and supply chain uncertainties increase
production costs, posing profitability challenges for manufacturers. Consumer
education remains a crucial barrier, as many buyers are unaware of the benefits
of genuine accessories and their long-term value. Addressing these issues will
be vital for market players aiming to capitalize on the growing automotive
accessories demand across passenger cars, two-wheelers, and commercial vehicles.
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India Automotive Accessories & Parts
Market Is Segmented by Vehicle Type, Interior Accessories, Exterior Accessories,
Demand Category, and By Region.
In 2024, the
fastest-growing segment within India’s Automotive Accessories & Parts
market for interior accessories is the infotainment system category. Rapid
advancements in technology and increasing consumer demand for enhanced in-car
entertainment and connectivity have fueled this growth. Infotainment systems
now offer features such as touchscreen interfaces, smartphone integration,
voice recognition, navigation, and streaming services, making them highly
sought-after upgrades for a wide range of vehicle types. The rising penetration
of smartphones and digital lifestyles among Indian consumers has led to a
strong preference for seamless connectivity between mobile devices and vehicle
systems. As a result, infotainment systems are transitioning from luxury
add-ons to essential components, especially in passenger cars and premium
two-wheelers. The availability of plug-and-play and aftermarket infotainment
units has further simplified installation, encouraging vehicle owners to
retrofit their existing cars with modern systems. Enhanced audio quality,
advanced user interfaces, and integration with safety features such as rearview
cameras are other factors contributing to the surge in demand. The growth of
ride-sharing and commercial fleet sectors has also pushed the adoption of
infotainment systems, as drivers seek better navigation and communication
tools. This segment’s rapid evolution reflects the broader trend of technology
adoption within automotive accessories, catering to consumer desires for
comfort, convenience, and enhanced driving experiences.
Among the various regions,
the western part of India emerged as the fastest-growing market for automotive
interior accessories in 2024. The region’s strong industrial base, higher
disposable incomes, and rapid urbanization have played critical roles in driving
demand. Western metros serve as key hubs for both vehicle sales and aftermarket
upgrades, supporting a vibrant ecosystem of accessory manufacturers,
distributors, and service providers. Consumers in this region tend to be early
adopters of new technology, fueling quicker uptake of advanced infotainment
systems compared to other interior accessory categories. The presence of
well-established automobile dealerships and service centers with integrated
accessory offerings has enhanced accessibility and consumer confidence in
purchasing upgraded interior products. Moreover, the growing emphasis on
vehicle personalization and premiumization in the western region supports
sustained growth in technologically advanced and customized interior
accessories. Infrastructure developments, coupled with strong online and
offline retail networks, have enabled easier distribution and installation
services, making this region a frontrunner in embracing the latest trends
within the automotive accessories market.
Major Market Players
Operating in India Automotive Accessories & Parts Market Are:
- Robert Bosch GmbH
- Adient PLC
- Grupo Antolin
- Denso India Limited
- Minda Corporation Limited
- Panasonic Corporation
- Faurecia
- Lear Corporation
- Anand Automotive Systems
Limited
- Alpine Company
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The India Automotive Accessories market is exciting
right now. More people want to make their vehicles look good and feel
comfortable, and technology is playing a big role in that. From smart
infotainment systems to cool customizations, customers are looking for ways to
personalize their rides. The market is growing fast, and there’s a lot of
opportunity for brands that understand what buyers want and bring easy,
reliable products to them, said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based global management consulting firm.
“India Automotive Accessories & Parts Market By Vehicle Type (Passenger Cars, Commercial Vehicle, Two-Wheeler), By Interior Accessories (Infotainment System, Floor Carpets and Mats, Seat Covers, Electrical Systems, Security System, Others), By Exterior Accessories (LED Lights, Alloy Wheels, Body Kits, Racks, Window Films, Covers, Crash Guards, Others), By Demand Category (OEM, Aftermarket), By Region, Competition, Opportunities & Forecast, 2020-2030F”,
assesses the market's future growth potential and provides data on market size,
trends, and forecasts. It aims to offer comprehensive market insights, helping
decision-makers make informed investment choices. The report also highlights
emerging trends, key drivers, challenges, and opportunities in the India Automotive
Accessories & Parts Market.
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