Car Accessories Industry Insights: Strong Distribution Channels Expected To Provide More Convenience To Various End Users In The Global Market 2021-2031
Car Accessories Market : Introduction Car accessories are items that a customer can install in his car as an additional feature for comfort, safety, convenience, and security. The car accessories market has been expanding at a steady pace in the last few years due to significant expansion of the global cars market. Key Drivers of Car Accessories Market Automotive is a significant industry in terms of contribution to the global GDP. According to the World Association of Car Manufacturers, OICA, in 2017, the automotive industry accounted for 3.65% of the total global GDP. Automotive offers considerable opportunity in terms of employment. For instance, in 2020, the automotive industry contributed 3% to the U.S gross domestic product (GDP) and provided employment to over 4.1 million people across U.S. Expansion of the automotive industry directly corresponds to the car accessories market. Therefore, a rise in the demand for personal vehicles globally is likely to boost the car access...