Which Country Consumes the Most Motor Vehicle Accessories?

Motor Vehicles March 17, 2017
Author: Irina Andreeva
Market Analyst

motor vehicle accessory market

Photo: © AndreyPopov / Bigstockphoto

China (561,945 million USD) was calculated to be the leading consuming motor vehicle accessory market in 2015, accounting for approximately 44% of global consumption. It was distantly followed by the U.S. with a 21% share in total consumption, Japan (7%), Germany (4%), Canada (3%), and India (3%). These countries were also the leading global producers on the motor vehicle accessory market.

From 2007 to 2015, global consumption of parts and accessories of motor vehicles showed a robust annual growth by +6.2%. China recorded the highest annual growth rate of consumption of motor vehicle parts and accessories from 2007 to 2015 at +13.5%. China became the world's leading consumer of parts and accessories of motor vehicles. Per capita consumption of parts and accessories of motor vehicles in China was estimated at 399.3 USD/year, which was significantly higher than the global average (164.8 USD/year).

According to market research conducted by IndexBox, the highest level of consumption of parts and accessories of motor vehicles was registered in Canada (1,104.6 USD/year), while India (29.4 USD/year) had the lowest level of consumption. In China, the consumption of parts and accessories of motor vehicles has grown rapidly in the recent years. In 2015, China's per capita consumption reached 399.3 USD/year, compared with with 151.1 USD/year in 2007.

In the developing countries, growth in consumption of parts and accessories of motor vehicles was more pronounced than in the developed countries.

Top 10 countries consuming the most motor vehicle accessories in 2015

Do you want to know more about the global motor vehicle accessory market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • motor vehicle accessory market share
  • motor vehicle accessory prices
  • motor vehicle accessory industry
  • motor vehicle accessory sales
  • motor vehicle accessory market forecast
  • motor vehicle accessory price forecast
  • key motor vehicle accessory producers

Source: World: Parts And Accessories Of Motor Vehicles - Market Report. Analysis and Forecast to 2025