Global Automotive Interior Market size
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The global automotive interior market is a large and growing industry. In 2023, it was valued at USD 157.4 billion and is projected to reach USD 194.8 billion by 2028, with a compound annual growth rate (CAGR) of 4.4%.
This growth is driven by factors like increasing vehicle production, consumer demand for comfort and luxury, and technological advancements.
Global automotive interior market is expected to witness modest growth until 2028 on account of increasing safety concerns among consumers, rising number of technological advancements and surge in demand for luxurious vehicles. Moreover, surging demand for styling cabin interiors are further boosting market growth. Owing to the high production and high quality of the automotive components, the automotive interior market for passenger vehicles is anticipated to grow at the highest CAGR during the forecast period.
However, low vehicle sales due to COVID-19 is expected to negatively impact the market in 2023; but, growing demand for comfortable and luxurious interiors will drive the market through 2028.
Based on the component, the market has been segmented into central console, cockpit module, dome module, door panel, headliner & carpet, infotainment system, interior lighting and automotive seats. Due to the features, such as navigation and temperature display, among others, the market for infotainment systems is expected to grow at a robust pace until 2028.
In terms of regional analysis, Asia-Pacific is anticipated to acquire the leadership position during the forecast period due to the rising disposable income and increasing demand for vehicles across the major economies in the region.
Segment Analysis
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The Global Automotive Interior Market has been divided in terms of Component Type, Vehicle Type, Vehicle Propulsion, Sales Channel and Region.
On the basis of Component, Global Automotive Interior Market has been divided into Passenger cars and trucks .Passenger cars are again sub divided into Center Console/Center Stack containing the controls of a vehicle which comes between the driver's and passenger's seat, generally comprising the heater/air conditioning, the car radio, and the gear shift, Head-Up Display ,Instrument Cluster ,Rear Seat Entertainment, Dashboard ,Arm Rest ,Seats & Storage ,Upholstery ,Others (Drink holder, and seat belts) whereas Trucks are again sub divided into Bunker Beds, Fridges, Dashboard, Seats, Instrument Cluster, Upholstery.
By Vehicle Type, the Global Automotive Interior market is segmented into Passenger Cars that are further divided into Economic Cars, Mid-Segment Cars, Luxury Segment Cars, and Heavy-Duty Trucks that are segmented by Class 8 and Class 9. The Passenger cars captured the greatest share of the market in 2022.Consumer demand for improved comfort, convenience, and entertainment functionalities in cars is increasing due to growing time spent traveling or commuting. Automakers are retaliating by incorporating numerous interior elements, including sophisticated infotainment systems, climate control, and connectivity features, in response to passenger demands.
On the basis of Sales Channel, the global Automotive Interior market has been divided into OEM and Aftermarket. The OEM segment dominated the market in 2022. An OEM, or Original Equipment Manufacturer, is an organization that is tasked with manufacturing components used in vehicle production, including such things as seats, dashboards, center consoles, and others in the automotive interior market.
Regional Analysis
The report provides market analysis of regions such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The Asia-Pacific region is the market leader in the world automotive interior market with a 42.8% market share, driven by strong automotive industries across China, Japan, India, and South Korea. This trend is anticipated to continue through the forecast period driven by growing demand for passenger vehicles in the region and growing disposable incomes.
There is a driving need in North America for fresh and innovative interior solution. The market for automotive interior in North America is driven by the presence of different key players that have attained leading market positions through close customer connectivity and formed a solid network of suppliers, manufacturing locations, and engineering centers.
Europe has numerous luxury car companies that have a variety of advanced features, electronic equipment, and sensors in their cars. This is likely to be a key driver of the growth of the market in this continent. As a result of rising demand for autonomous cars, Europe is likely to contribute substantial growth in the automotive interior market. Key nations like Germany, the UK, Spain, France, and Italy. Europe's market share will largely increase in the automotive interior market.
In addition, rising demand for private vehicles fuels automobile production and creates new opportunities for business growth. Electric vehicle increasing sales and adoption are anticipated to propel market growth throughout the projected period.
Sourcehttps://www.marketresearchfuture.com/press-release/automotive-interior-market
Objective of the Study
- To analyze and forecast the market size of global automotive interior market, in terms of value and volume.
- To classify and forecast global automotive interior market based on vehicle type, component and regional distribution.
- To identify drivers and challenges for global automotive interior market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global automotive interior market.
- To conduct the pricing analysis for global automotive interior market.
- To identify and analyze the profile of leading players operating in the global automotive interior market.
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the service offerings, distribution channels and presence of all major manufacturers across the globe.
key players
- Asahi Kasei Corporation.
- DK SCHWEIZER
- Antolin
- TOYOTA BOSHOKU CORPORATION
- SEIREN CO. LTD.
- FORVIA HELLA
- Yanfeng
- TOYODA GOSEI CO., LTD.
Key Target Audience
- Automotive interior companies and other stakeholders
- Automotive OEMs
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to automotive interiors market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturer and partners, besides allowing them in strategizing investments and capitalizing on market opportunities.
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Attribute |
Details |
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Base Year |
2022 |
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Historical Data |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Million, Volume in Units and CAGR for 2018-2022 and 2023E-2028F |
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Report coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments covered |
· Vehicle Type · Components |
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Regional scope |
North America; Europe; Asia Pacific; South America; Middle East & Africa |
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Country scope |
United States, Mexico, Canada, China, India, Japan, South Korea, Thailand; Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia, Brazil, Argentina, Colombia; Chile |
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Key companies profiled |
Faurecia S.A., Continental AG, Panasonic Corporation, Magna International, Inc., Delphi Automotive PLC, Hyundai Mobis Co. Ltd., Toyota Boshoku Corporation, Tachi-S Co. Ltd., Johnson Controls Inc., Lear Corporation. |
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Customization scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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