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Global Automotive Interior Market Size, Share, Growth, Industry Trends and Forecast 2020-2030
The Global Automotive Interior Market held USD 197.32 billion in 2020 and is expected to grow with a CAGR of 4.5% from 2020-2030. Automotive interiors are designed to make vehicles more eye-catching, aesthetic, and provide more comfort. It consists of a cockpit module, headliners, door panel, interior lighting, and others. These are specially designed for better grip, comfort, and sound insulation of automobile cabin. Eye-catchy interiors makes a buyer’s perception regarding the better quality of the vehicle and influences the customer to buy the vehicle. The automotive interiors are made from different materials such as polymers, genuine leather, synthetic materials, and others. All these materials enhance the look and provide sustainability and reliability to the automobile. Besides other materials, plastic is a key material used in high extent due to its distinct properties such as optimum durability, lightweight and ruggedness, which benefits the vehicle to reduce the fuel consumption. Owing to all these properties, plastic is replacing metals in the automotive interior industry. In 2018, plastic was the most used material in automobiles with shares of 27.90%. The automotive interior also consists of extra features like navigation, temperature display, and others.
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Market Dynamics and Factors
Demand for the luxurious vehicles coupled with increase in disposable income within the emerging economies such as India, China, Brazil, and others, is the major driving factor of the market growth. Luxury vehicles segment is the highest revenue contributor to the market. Increasing demand for better comfort and aesthetically pleasing interior of automobiles is also expected to boost the market further. The growing demand for automobiles increases the requirement of the better interior leading to propel the market during the forecast period. The growth of this sector depends on the increase in manufacturing of automobiles. However, the rising prices of the automotive interior materials, is one of the major restraint. The growing automotive sector and technological advancement are expected to bring many opportunities in the market. Manufacturing the desirable vehicle with required interiors within limited budgets can pose a challenge for the major manufacturers.
Market Segmentation:
Global Automotive Interior Market – By Vehicle Type
Passenger Cars
Light Weight Commercial Vehicles
Heavy Weight Commercial Vehicle
Global Automotive Interior Market – By Material
Polymers
Genuine Leather
Fabric
Synthetic Leather
Global Automotive Interior Market – By Component
Central Control
Cockpit Module
Dome Module
Door Panels
Interior Lighting
Others
Global Automotive Interior Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis :
Asia Pacific is expected to dominate the market during forecast period with the growing automotive sector in a region. Moreover, it is also anticipated to generate the highest revenue of approximate 26.65 billion USD during the forecast timeframe. Europe is also projected to witness significant growth during the forecast period Owing to an increase in demand of luxurious vehicles and the presence of major manufacturers in the region.
Competitive Scenario :
The key players of global aerospace foam markets are Adient, Calsonic Kansei Corp., Faurecia Interior System pvt ltd., Grupo Antolin, Hyundai Mobis Company, IAC Group, Lear Corporation, Robert Bosch GmbH, Visteon Corporation, and Yanfeng Automotive Interiors.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Automotive Interior industry, although key threats, opportunities and disruptive technologies that could shape the Global Automotive Interior Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Automotive Interior Market most.
The data analysis present in the Global Automotive Interior Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Automotive Interior Market business.
The 2021 Annual Global Automotive Interior Market offers:
100+ charts exploring and analysing the Global Automotive Interior Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Automotive Interior Market type
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