Automotive Interior Market Insights
The global automotive interior market is expected to grow at a significant CAGR of more than 5% over the forecast period. This growth is mainly attributed to increasing demand for premium vehicles. Along with this, rising demand for convenience and cabin comfort is also likely to stimulate the market for automotive interiors.
Moreover, changing lifestyle of consumers in developed countries coupled with rising adoption of passenger cars is expected to augment the market growth over the coming years. The growing automotive sectors in countries such as India and China among others is also anticipated to favor the sector.
However, high cost associated with the product along with increased power consumption is projected to affect the profitability of market.
Automotive Interior Market: Component Insights
Automotive Interior Market: Component Insights
On the basis of component, the automotive interior market is segmented into cockpit module, central console, dome module, headliner, door panel, infotainment system, interior lighting, and automotive seats. The market for infotainment system is expected to occupy the highest share owing to its rising application in navigation and time & temperature display among others.
The airbag & seat belt segment is projected to grow significantly over the forecast period. This can be attributed to growing awareness of consumers and road safety among others. Moreover, stringent traffic rules & regulations is likely to boost the market over the coming years.
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Automotive Interior Market: Vehicle Type Insights
By form, the automotive interior market is segmented into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. The PV segment is anticipated to register significant growth rate in the coming years on account of its increasing production as compared to other commercial vehicles. Moreover, factors such as high quality of automotive interior components are also projected to boost the demand for this product.
Automotive Interior Market: Regional Insights
Asia Pacific is expected to grow at a high CAGR over the forecast period. This can be attributed to growing automotive sector particularly in China and Japan. Demand is projected to arise from countries such as India, South Korea, Japan and China among others.
North America is also likely to observe considerable growth rate over the years. The regional growth can be attributed to rising disposable income of the consumers coupled with increasing demand for luxury cars with advanced technologies.
Automotive Interior Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Automotive Interior Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase automotive interiors over the coming years. Some leading consumers of this market are BMW Group, Fiat-Chrysler, Ford Motor, Nissan-Renault Group and General Motors.
Automotive Interior Market Share & Competitor Analysis
The global market for this product is expected to be significantly large due to the presence of numerous manufacturers. The key players include Continental AG, Johnson Controls, Inc., Visteon Corporation, Panasonic Corporation, Faurecia S.A., Toyota Boshoku Corporation, Tachi-S Co. Ltd., Delphi Automotive PLC, Calsonic Kansei Corporation, Hyundai Mobis Co. Ltd., Lear Corporation, and Magna International Inc.
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