The number of cars on the road is increasing globally, leading to an increase in the demand for car interior and exterior accessories to personalize their vehicles. Many car accessories are designed to make driving more comfortable and convenient. For example, adding a GPS navigation system or a car phone holder can make driving easier and safer. Some other accessories are designed to improve safety, such as backup cameras, blind spot monitors, and parking sensors.
As more people become aware of the importance of safety features in cars, the demand for these accessories will continue to grow. Advances in technology have led to the development of new and innovative car accessories, such as wireless charging pads, smart car assistants, and digital gauges. As these technologies become more affordable and widely available, the demand for these accessories will increase.
CT Automotive plc (LON:CTA) designs, develops and manufactures automotive interior finishes and complex kinematic assemblies for the most well-known automotive brands on the planet. These critical components are managed through an intricate global network of reactive supply chains to arrive JIT (Just in Time) at their respective OEM manufacturing plants.