The Saudi Arabia Automotive Interior Market is expected to grow to USD 3.84 billion in 2025 and USD 4.85 billion by 2030, as per Mordor Intelligence. The market is anticipated to register a Compound Annual Growth Rate (CAGR) of 4.81% in this period.
Saudi Arabia Automotive Interior Market size
Download Sample Ask for Discount Request Customization
Important facts regarding the Saudi Arabia auto interior market
Strong Growth
The market is witnessing significant growth with drivers such as higher vehicle production, consumer demand for comfort and luxury increasing, and electric vehicles gaining popularity, which are driving demand for plastic and lightweight interior components.
Seat Segment Dominance
The seat segment is anticipated to be the largest segment of the automotive interior market due to its significance in passenger as well as commercial vehicles.
Luxury and Innovation
Customers are focusing on comfort and interior design, resulting in investment in new seat technologies.
Passenger Car Dominance
Passenger cars will dominate the market, with the SUV segment being the largest.
Saudi Arabia automotive interior market is anticipated to witness robust growth during the forecast period, 2023-2027. Factors such as the high demand for SUVs and the increased customer preference for comfort features in an automobile are driving the demand for the Saudi Arabia automotive interior market. Also, the rapid launch of semi-autonomous and autonomous vehicles in the market and the ongoing technological advancements are expected to create significant growth opportunities for the Saudi Arabia automotive interior market over the next five years.
High Demand for SUVs Drives the Market Growth
In 2020, 452.54 thousand units of total vehicles were sold in Saudi Arabia. The country has abundant resources of oil & gas. Customers prefer to buy SUVs as they provide a comfortable and luxurious experience to the passengers and the availability of oil at low prices. Also, the government had recently lifted the ban on purchasing 7-seater or larger SUVs, which is expected to boost the demand for SUVs in the region considerably. Harsh climatic conditions and the high disposable income of the consumers enable them to afford a quality lifestyle. The large families could easily accommodate large spaces and have head and legroom space. SUVs have a massive frame and can provide enough room to transport loads of luggage without dropping the back seats. SUVs have a larger load-carrying capacity which makes them suitable for long-distance traveling. SUVs are safer to drive and are integrated with driver assistance systems that lower the risk of driving and alert the driver in time to prevent road accidents. Market players are launching SUVs in the environment-friendly market and are fuel-efficient to propel the sales of SUVs of their respective brands. SUVs or luxury cars are equipped with several interior components that provide consumers with an enhanced traveling experience. The rise in the demand for SUVs among consumers is expected to bolster the growth of the Saudi Arabia automotive interior market over the forecast period.
Technological Advancements of Automotive Interior Components Supports High Market Demand
Market players are investing in research and development activities to find innovative solutions to upgrade the existing infrastructure. Manufacturers are making efforts to find lightweight materials and technologies to reduce the vehicle's weight. The weight of the automobile can also be lowered by changing the weight of the seats. Lightweight material makes the vehicles more fuel-efficient. The
Increased Popularity of Autonomous and Semi-Autonomous Vehicles Boosts the Market Growth
The Kingdom of Saudi Arabia has allocated funds worth $500bn to invest in the development of Neom, a smart city. It will be built from scratch, and the residents will use the fully autonomous vehicle for daily commute purposes. The demand for autonomous vehicles is expected to positively affect the advanced automotive interior technologies as they need the interior components to switch between the different driver modes seamlessly. Also, the sales of semi-autonomous vehicles are accelerating at a rapid pace as they contain a combination of automated and manual functions. They are expected to fuel the demand for electronic cockpit systems, which need to be installed in semi-autonomous vehicles.
Market Segmentation
Download Sample Ask for Discount Request Customization
The Saudi Arabia automotive interior market is segmented into vehicle type, component, material, regional distribution, and competitive landscape. Based on vehicle type, the market is divided into passenger Car, LCV, and M&HCV. Based on component, the market is divided into center stack, display, seat, door panel, headliner, interior lightings, dome module, infotainment system, and others. Based on material, the market is divided into leather, fabric, plastic, glass, wood, and fiber. To analyze the market based on the region, the Saudi Arabia automotive interior market is studied in major regions namely north & central region, southern region, western region, and eastern region.
Market Players
the major market players operating in the Saudi Arabia automotive interior market.
Continental AG,
Panasonic Corporation
Lear Corporation
Visteon Corporation
Faurecia SE
|
Attribute |
Details |
|
Base Year |
2021 |
|
Historic Data |
2017 – 2020 |
|
Estimated Year |
2022 |
|
Forecast Period |
2023 – 2027 |
|
Quantitative Units |
Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
|
Segments covered |
· Vehicle Type · Component · Material |
|
Regional scope |
Northern & Central, Southern, Eastern, Western |
|
Key companies profiled |
Robert Bosch GmbH, Continental AG, Denso Corporation, Panasonic Corporation, Magna International Inc., Lear Corporation, Faurecia S.A., Visteon Corporation, Yanfeng Automotive Interiors, Faurecia SE |
|
Customization scope |
10% free report customization with purchase. Addition or alteration to regional & segment scope. |
|
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy