The global automotive interior market is expected to grow at a CAGR of 6.1% over forecast period 2020 to 2027 and expected to reach around US$ 423.64 Bn by 2027.
Automotive Interior consists of the automotive seats, central console, cockpit module, dome module, door panel, headliner, infotainment system, and interior lighting. These all components are intended to enhance the aesthetic appearance and performance of the vehicle as well as improve the user comfort. The materials used for automotive interiors include polymers, genuine leather, fabric, and synthetic leather.
The increasing demand for premium segment vehicles is driving the demand for the advanced interior is supporting the market value. The rising demand for interior styling, cabin comfort, perceived quality, and convenience feature is additionally accelerating market growth. Government support for lightweight and safety vehicles is further supporting the market growth. Whereas, increasing demand for autonomous vehicle advent of concept cars and electric vehicles, rising demand for technologically advanced materials and rising demand for interior styling is anticipated to create potential opportunities over the estimated period.
On the other hand, the high cost of advanced interior components, as well as high power consumption in automotive interior electronics, is projected to hamper the growth over the forecast timeframe from 2020 to 2027.
Automotive seat segment accounted for the major share in the global automotive interior market
By component, the automotive seat segment registered a major share in 2019. The increasing traveling distance is inclining manufacturers to invest in more comfortable automotive seats is primarily supporting the market value. The introduction of the advanced seat by global manufacturers is additionally supporting market growth. For instance, the introduction of active wellness seat Faurecia, which detects the driver’s stress level or drowsiness and takes countermeasures to deal with the situation. Additionally, it comes with the massage facility and uniquely designed sensors that can measure the heartbeat and the breathing rhythm of the driver. Apart from these, the infotainment system is projected to grow with the fastest pace over the estimated period from 2020 to 2027. The increasing usage of network-based technology solutions in the vehicle and particularly in the advance vehicles is contributing to the growth of the segment.
The market research study on “Automotive Interior Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global Automotive Interior market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global Automotive Interior market, its product type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global Automotive Interior market size and volume, and segment markets by product type, application, and geography along with the information on companies operating in the market. The Automotive Interior market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
Asia Pacific is leading the global automotive interior market with major share
The Asia Pacific accounted for the major share in the automotive interior market in 2019. The rapidly increasing disposable income coupled with the increasing purchasing power of the people is supporting the regional market value. The emergence of electric vehicles in major economies including Japan, China and India are further supporting the market value. The increasing demand for passenger vehicles in the regional market is further contributing to the market value. The market is also projected to propel with the maximum CAGR over the estimated period from 2020 to 2027.
The players profiled in the report include Adient PLC, Faurecia, Grupo Antolin, Hyundai Mobis Co., JVCKENWOOD Corporation, Magna International, Panasonic Corp., Pioneer Corporation, Robert Bosch GmbH, Toyota Boshuku Corporation.
Market By Component
Market By Application
Market By Geography
Middle East & Africa
The market for automotive interior is expected to reach the market value of around US$ 423.64 Bn by 2027.
The automotive interior market is expected to grow at a CAGR of around 6.1% from 2020 to 2027.
Automotive seats segment by component is leading global automotive interior market.
The increasing demand for premium segment vehicles, rising demand for interior styling, cabin comfort, perceived quality, and convenience feature, government support for light weight and safety vehicles are factors driving the market value.
Adient PLC, Faurecia, Grupo Antolin, Hyundai Mobis Co., JVCKENWOOD Corporation, Magna International, Panasonic Corp., Pioneer Corporation, Robert Bosch GmbH, Toyota Boshuku Corporation are some of the prominent players in automotive interior market.
Asia Pacific held the maximum market share in the automotive interior market.
Asia Pacific is expected to be the fastest growing market over the forecast period.