PUBLISHER: The Business Research Company | PRODUCT CODE: 1641553
PUBLISHER: The Business Research Company | PRODUCT CODE: 1641553
The automotive centre console, a storage compartment located between the driver's seat and the front passenger seat or in the central parts of the dashboard, serves various purposes in modern cars. It can house electronic gadgetry, vehicle control information, and other features.
The main types of automotive centre consoles include touch screens, where the console is operated by touching the screen, and buttons and controls that can be physically operated using switch devices. These centre consoles are commonly used in passenger vehicles, including premium cars, compact cars, mid-size cars, luxury cars, SUVs, and electric vehicles. They are typically sold through original equipment manufacturers and the aftermarket.
The automotive centre console research report is one of a series of new reports from The Business Research Company that provides automotive centre console market statistics, including automotive centre console industry global market size, regional shares, competitors with automotive centre console market shares, detailed automotive centre console market segments, market trends and opportunities, and any further data you may need to thrive in the automotive centre console industry. This automotive centre console market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automotive centre console market size has grown strongly in recent years. It will grow from $33.27 billion in 2024 to $35.67 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to rise of modern electric vehicles, changing consumer behavior, limited connectivity features, simple storage compartments.
The automotive centre console market size is expected to see strong growth in the next few years. It will grow to $47.12 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to rising production of passenger cars and commercial vehicles, growth of the high-end and luxury car segments, expansion of the connected car ecosystem, surge in demand for electric and autonomous vehicles. Major trends in the forecast period include integration of large touchscreen displays, customizable ambient lighting, connectivity with IoT and smart home devices, wireless charging for devices, multi-functional and modular console designs.
The burgeoning demand for electric vehicles stands as a significant catalyst fueling the expansion of the automotive centre console market. Within electric cars, robust and secure centre control systems are vital components. These consoles serve as interfaces for navigation and touch controls. Notably, the Bureau of Labor Statistics projected in February 2023 that electric vehicle sales in the United States are anticipated to constitute 40% of total passenger car sales by 2030, with more optimistic estimates suggesting a potential surpassing of 50%. Hence, the rising preference for electric vehicles is set to drive the automotive centre console market.
The surge in urbanization and population growth is poised to propel the automotive centre console market forward. Urbanization, characterized by increasing population concentration in urban areas due to migration and natural growth, necessitates efficient and connected vehicles. Centre consoles play a pivotal role in addressing the needs of urban commuters amidst escalating traffic congestion. These consoles offer essential tools for navigation, connectivity, and access to real-time information, contributing significantly to vehicle adaptability in urban landscapes. Global trends highlighted by the World Bank in October 2022 indicated that over 50% of the global population lived in urban areas in 2022, with projections indicating a 1. 5 times increase in the urban population to 6 billion by 2045. Hence, the upward trajectory of urbanization serves as a driving force for the automotive centre console market.
The emergence of new technology in touch screens is a significant trend gaining traction in the automotive center console market. Leading companies in the sector are concentrating on developing innovative technological solutions to enhance their market position. For example, in September 2023, Grammer AG, a Germany-based manufacturer of automobile interiors, introduced an automated center console for the rear bench of the HiPhi X electric SUV. A notable feature is the rear center console, which includes a display holder, smartphone trays, cup holders, and two fold-out tables concealed beneath a butterfly armrest. It stands out not only for its high-quality craftsmanship and upholstery made from premium semi-aniline leather but also for special features such as cup holders integrated into the two table surfaces, which include exquisite magnetic inserts to securely hold glasses.
Key players within the automotive center console market frequently engage in strategic partnerships and collaborations to bolster their foothold in the industry. An exemplar instance occurred in February 2022, when Motherson, an India-based automotive parts manufacturer, forged a strategic partnership with Valeo, a France-based provider renowned for innovative smart mobility solutions. This collaboration's primary objective is to amalgamate Motherson's expertise in modules and polymer products with Valeo's extensive technological prowess. Their collective aim is to deliver top-tier interior integrated lighting solutions tailored to meet consumers' high expectations and demands. The partnership entails integrating Valeo's cutting-edge lighting systems into Motherson's latest cabin interior modules and surfaces. This integration will encompass redesigning various components such as instrument panels, door panels, center consoles, and other interior trims, leveraging these innovative technologies.
In October 2023, ABC Technologies Holdings Inc., a Canadian manufacturer and supplier of custom, highly engineered technical plastics and lightweight products, acquired Plastikon Industries for $130 million. This acquisition strengthens ABC's position as an industry leader in lightweighting and plastic injection molding, enhances its presence in the electric vehicle (EV) sector, and most importantly, offers new employees opportunities to take on larger roles in shaping the future of mobility. Plastikon Industries is a U.S.-based company that produces automotive center console assemblies.
Major companies operating in the automotive centre console market include AGM Automotive LLC, Alps Electric Co. Ltd., Calsonic Kansei Corp., Continental AG, Delphi Automotive plc, Emerson Electric Co., Faurecia SA, Hyundai Mobis Co, Johnson Controls Inc., Lear Carporation, MVC Holdings LLC, Novem Car Interior Design, Yanfeng International Automotive Technology Co. Ltd., Draxlmaier Group, Grammer AG, Magna International Inc., Toyota Boshoku Corporation, Novares Group SA, Langfang Huaan Automobile Equipment Co. Ltd., Visteon Corporation, Inteva Products LLC, Grupo Antolin Irausa SA, Tachi-S Co. Ltd., International Automotive Components Group, F S Fehrer Automotive GmbH, Adient plc, Brose Fahrzeugteile GmbH & Co. KG, Schaeffler AG, Robert Bosch GmbH, Kasai Kogyo Co. Ltd., Shiroki Corporation
Asia-Pacific was the largest region in the automotive centre console market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive centre console market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the automotive centre console market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The automotive centre console market consists of sales of control units, audio control, temperature control feature, air conditioner pane, and cup holders. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automotive Centre Console Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automotive centre console market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automotive centre console ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automotive centre console market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
2) By Buttons And Controls; Mechanical Buttons; Toggle Switches; Rotary Controls; Touch-sensitive Controls