PUBLISHER: Market Research Future | PRODUCT CODE: 1517281
PUBLISHER: Market Research Future | PRODUCT CODE: 1517281
Global Automotive Interior Market Research Report By Component (Passenger Car { Center Console/Center Stack, Head-Up Display ,Instrument Cluster ,Rear Seat Entertainment, Dashboard ,Arm Rest ,Seats & Storage ,Upholstery ,Others} Trucks{ Bunker Beds, Fridges, Dashboard, Seats, Instrument Cluster, Upholstery }), By Vehicle Type (Passenger Car{ Economic Cars, Mid-Segment Cars, Luxury Segment Cars},Heavy-Duty Trucks{Class 8,Class 9}), By Vehicle Propulsion (ICE Vehicles, Electric Vehicles{ Battery electric vehicle (BEV),Hybrid electric vehicle (HEV), Plug-in hybrid electric vehicle (PHEV),Fuel cell electric vehicle (FCEV)} - Forecast to 2032
In 2022, the automotive interior market size was estimated to be around USD 84,233.85 million. The industry for automotive interiors is expected to increase at a compound annual growth rate (CAGR) of 5.50% between 2023 and 2032, from USD 88,624.61 million in 2023 to USD 1,42,955.98 million by 2032.
The design, development, and production of the systems and parts that make up a car's interior are the main areas of concentration for the automotive interior market. This covers the interior cabin components that add to the overall comfort, usefulness, and beauty of a vehicle's interior space, such as the seats, dashboard, infotainment systems, rear-seat entertainment, and other components. Technological developments, customer demands for more comfort and safety features, and the continuous search for cutting-edge materials and designs to provide aesthetically pleasing and useful car interiors are what propel the market.
The automotive industry has seen a significant transformation in recent times, mostly due to increased consciousness regarding environmental sustainability and the urgent requirement to reduce the ecological footprint of production processes. As worries about resource depletion and climate change grow, automakers are adopting more creative ways to create cars that promote environmental stewardship while simultaneously meeting strict performance and safety requirements.
Market Segment Insights
The automotive interior market has been divided into two segments: passenger cars and trucks, based on component. Trucks are further subdivided into Bunker Beds, Fridges, Dashboard, Seats, Instrument Cluster, Upholstery, and Rear Seat Entertainment. Passenger cars are further subdivided into Center Console/Center Stack, Head-Up Display, Instrument Cluster, Dashboard, Arm Rest, Seats & Storage, and Others.
The market has been divided into segments based on the kind of vehicle, including passenger cars, which are further divided into economic cars, mid-segment cars, luxury cars, and heavy-duty trucks, which are divided into classes 8 and 9.
The market has been divided into two segments based on vehicle propulsion: internal combustion engines (ICE) and electric vehicles, which are further divided into fuel cell electric vehicles (FCEV), plug-in hybrid electric vehicles (PHEV), hybrid electric vehicles (HEV), and battery electric vehicles (BEV).
The automotive interior market has been divided into OEM and Aftermarket segments based on sales channel.
Localized Perspectives
The report offers market insights by region for the following regions: North America, Europe, Asia-Pacific, Middle East & Africa, and South America. 42.8% of the market share was held by Asia-Pacific. Due to the robust automotive industries in China, Japan, India, and South Korea, the Asia-Pacific region currently dominates the global market for car interiors.
The US, Canada, and Mexico are all included in the North American region. One significant market for car interiors is North America. The vehicle interior market in North America is predicted to increase steadily in the foreseeable future. In the near future, autonomous cars are anticipated to gain popularity in the area.
The second-biggest market for automobile interiors is Europe, where strong growth is anticipated over the course of the projection period. Important nations including Spain, France, Italy, Germany, and the United Kingdom. Europe's market share for car interiors will rise dramatically. Numerous luxury car manufacturers with a variety of cutting-edge technologies, electronics, and sensors in their cars are based in the area.
The countries of Africa and the Middle East are among the biggest importers of autos and related high-tech products. The economy in this area is growing, and there is improved transit and infrastructure.
Principal Players
Robert Bosch GmbH, Hyundai Mobis, Denso Corporation, Valeo, Panasonic Holdings Corporation, FORVIA Faurecia, ZF Friedrichshafen AG, Yanfeng, Antolin, Texas Instruments Incorporated, Magna International Inc., Harman International, Visteon Corporation, and Nippon Seiki Co., Ltd. are the leading companies in the automotive interior market.
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