by According to a research report “Automotive Interior Market (By Component: Heads Up Display, Headliner, Center Stack, Seat, Instrument Cluster, Door Panel, Interior Lighting, Dome Module, Adhesives & Tapes, Rear Seat Entertainment, and Others; By Vehicle Type: Passenger Car and Commercial Car; By Material: Leather, Vinyl, Wood, Fabric, Metal, Glass Fiber Composite, and Carbon Fiber Composite) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021 – 2030″ published by Precedence Research, the automotive interior market is projected to grow from USD 125.23 billion in 2022 and is forecasted to reach USD 174.2 billion by 2030; it is expected to grow at a CAGR of 4.2% from 2021 to 2030.
The study provides an analysis of the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2021 is considered as the base year.
The global automotive interior market is primarily driven by various factors such as increased demand for the lightweight vehicles, rising popularity of the autonomous vehicles, increase in the demand for the comfortable interiors, and growing adoption of electric vehicles. The rising disposable income coupled with the rising living standards and increased demand for the luxury vehicles across the globe is surging the growth of the global automotive interior market.
The technological advancements have resulted in the adoption of various digital screens in the vehicles for various purposes such as live maps and GPS trackers, online music, and online videos. This has contributed significantly towards the growth of the automotive interior market. Moreover, the rising adoption of smart lighting systems and smart seating systems is driving the market growth.
Get a Free Sample Copy of this Report with Global Industry Analysis @ https://www.precedenceresearch.com/sample/1518
Table of Contents
Market Estimations Y-O-Y:
- Market Size Was Valued In 2021: US$ 120.26 Billion
- Market Size Is Projected to Grow By 2022: US$ 125.23 Billion
- Market Size Is Projected to Grow By 2023: US$ 130.43 Billion
- Market Size Is Projected to Grow By 2024: US$ 135.87 Billion
- Market Size Is Projected to Grow By 2025: US$ 141.56 Billion
- Market Size Is Projected to Grow By 2026: US$ 147.51 Billion
- Market Size Is Projected to Grow By 2027: US$ 153.73 Billion
- Market Size Is Projected to Grow By 2028: US$ 160.23 Billion
- Market Size Is Projected to Grow By 2029: US$ 167. Billion
- Market Size Is Projected to Grow By 2030: US$ 174.2 Billion
- Compound Annual Growth Rate (CAGR) from 2022 to 2030: 4.2 percent
Scope of the Automotive Interior Market
| Report Highlights | Details |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Largest Market | Asia Pacific |
| Fastest Growing Market | North America |
| Segments Covered | Component, Vehicle, Material, Region |
Market Dynamics
Driver
Rising usage of advanced and lightweight materials in the automotive interiors
According to the experts, around 5% to 7% of the fuel can be saved by implementing a weight reduction of 10% of a vehicle. Therefore, a variety of plastics and other advanced materials are used in the manufacturing of various automotive interior components. The easy availability and suitability of plastics like polyvinyl chloride and acrylonitrile butadiene styrene has enabled the OEMs to manufacture lightweight interior components along with the desired designs and finishing. The low cost, durability, easy availability, and lightweight are the major features of the plastic materials, which is expected to boost the growth of the global automotive interior market.
Restraint
High costs and fluctuating raw material prices
The high costs of the advanced and innovative automotive interiors especially the interior electronic components may hamper the market growth. The rising demand for the more advanced features and improved user experience, the electronics interior components have witnessed a surge in its prices in the past few years. Moreover, the fluctuations in the prices of raw materials of the interiors may hinder the growth of the automotive interior market during the forecast period.
Opportunity
Developmental strategies adopted by the top market players
The top market players are constantly engaged in various developmental strategies such as new product launches, joint ventures, partnerships, and agreements that significantly impacts the market. For instance, in September 2020, Highly International Ltd. and Marelli agreed to form a joint venture named Highly Marelli Holdings that would focus on the development of comfortable and convenient cabin and electrification of HVAC systems and EDC systems in automotive vehicles.
Challenge
Long cycle of production involved
The conceptualization of a standard vehicle starts 4 to 5 years before its production in the manufacturing unit. The development cycle of automotive interiors takes around 2 to 3 years. Therefore, the long production cycles are the major challenges faced by the manufacturers in the global automotive interior market.
Regional Snapshot
Asia Pacific is the largest and the fastest-growing market in the global automotive interior market. The rise in the government initiatives like subsidies and favorable regulatory frameworks to attract the auto manufacturers in the region has made Asia Pacific the top automotive manufacturer around the globe. Therefore, the increased automotive production in this region has spurred the demand for the automotive interiors. The countries like India, china, japan, and South Korea are the major automotive manufacturers in Asia Pacific owing to the availability of cheap factors of production. The rising production of the electric vehicles with advanced autonomous features is further expected to boost the demand for the automotive interiors in the foreseeable future.
Read Also: Baby Cleaning Products Market Size, Share Report 2022-2030
Report Highlights
- Based on the component, the seat segment dominated the market in 2020. This is attributed to the increasing production of passenger vehicles owing to the rising demand for the private vehicles across the globe. Seat is the most important element that is associated with ease and comfort. Therefore, the increased focus of the manufacturers on the manufacturing of comfortable and advanced seats has boosted the growth of this segment during the forecast period.
- Based on the vehicle type, the commercial vehicle is estimated to be the most opportunistic segment during the forecast period. The growing investment in the industrialization that fosters the demand for the transportation of goods is fostering the growth of the commercial vehicle segment.
- Based on the material, the glass fiber composite segment dominated the market in 2020. Glass fiber composite offers high impact resistance, low cost, and lightweight, which favors its adoption in the production of wide variety of components like doors, headliners, and dashboards. Hence, it has dominated the market by generating higher revenues.
Why should you invest in this report?
If you are aiming to enter the global automotive interior market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for automotive interior are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Automotive Interior Market
5.1. COVID-19 Landscape: Automotive Interior Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Automotive Interior Market, By Component
8.1. Automotive Interior Market, by Component Type, 2021-2030
8.1.1. Heads Up Display
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Headliner
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Center Stack
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Seat
8.1.4.1. Market Revenue and Forecast (2019-2030)
8.1.5. Instrument Cluster
8.1.5.1. Market Revenue and Forecast (2019-2030)
8.1.6. Door Panel
8.1.6.1. Market Revenue and Forecast (2019-2030)
8.1.7. Interior Lighting
8.1.7.1. Market Revenue and Forecast (2019-2030)
8.1.8. Dome Module
8.1.8.1. Market Revenue and Forecast (2019-2030)
8.1.9. Adhesives & Tapes
8.1.9.1. Market Revenue and Forecast (2019-2030)
8.1.10. Rear Seat Entertainment
8.1.10.1. Market Revenue and Forecast (2019-2030)
8.1.11. Others
8.1.11.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Automotive Interior Market, By Vehicle
9.1. Automotive Interior Market, by Vehicle, 2021-2030
9.1.1. Passenger
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Commercial
9.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Automotive Interior Market, By Distribution Channel
10.1. Automotive Interior Market, by Distribution Channel, 2021-2030
10.1.1. Leather
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Vinyl
10.1.2.1. Market Revenue and Forecast (2019-2030)
10.1.3. Wood
10.1.3.1. Market Revenue and Forecast (2019-2030)
10.1.4. Fabric
10.1.4.1. Market Revenue and Forecast (2019-2030)
10.1.5. Metal
10.1.5.1. Market Revenue and Forecast (2019-2030)
10.1.6. Glass Fiber Composite
10.1.6.1. Market Revenue and Forecast (2019-2030)
10.1.7. Carbon Fiber Composite
10.1.7.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Automotive Interior Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Component (2019-2030)
11.1.2. Market Revenue and Forecast, by Vehicle (2019-2030)
11.1.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.1.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)
11.1.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.1.5.2. Market Revenue and Forecast, by Vehicle (2019-2030)
11.1.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Component (2019-2030)
11.2.2. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.2.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.2.5.2. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Component (2019-2030)
11.2.6.2. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.6.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Component (2019-2030)
11.2.7.2. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.7.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Component (2019-2030)
11.3.2. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.3.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.3.5.2. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Component (2019-2030)
11.3.6.2. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.6.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Component (2019-2030)
11.3.7.2. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.7.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.4.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.4.5.2. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Component (2019-2030)
11.4.6.2. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.6.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Component (2019-2030)
11.4.7.2. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.7.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.5.2. Market Revenue and Forecast, by Vehicle (2019-2030)
11.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Component (2019-2030)
11.5.4.2. Market Revenue and Forecast, by Vehicle (2019-2030)
11.5.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Component (2019-2030)
11.5.5.2. Market Revenue and Forecast, by Vehicle (2019-2030)
11.5.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
Chapter 12. Company Profiles
12.1. ContiTech AG
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Toyoda Gosei Co., Ltd.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. GrupoAntolin
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. DraxlmaierGroup
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Takata Corporation
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Sage Automotive Interiors
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. SMS Auto Fabrics
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Yanfeng Automotive Interiors
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. LEAR Corporation
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Faurecia S.A.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
12.11. Magna International
12.11.1. Company Overview
12.11.2. Product Offerings
12.11.3. Financial Performance
12.11.4. Recent Initiatives
12.12. Calsonic KenseiCorporation
12.12.1. Company Overview
12.12.2. Product Offerings
12.12.3. Financial Performance
12.12.4. Recent Initiatives
12.13. Tachi-S Co. Ltd.
12.13.1. Company Overview
12.13.2. Product Offerings
12.13.3. Financial Performance
12.13.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
Buy Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1518
Contact Us:
Precedence Research
Apt 1408 1785 Riverside Drive Ottawa, ON, K1G 3T7, Canada
Call: +1 9197 992 333
Email: sales@precedenceresearch.com
Website: https://www.precedenceresearch.com
