Global Automotive Interiors Market Trends, Applications, Analysis, Growth, and Forecast: 2019 to 2028

“Global Automotive Interiors Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global automotive interiors market report has been segmented on the basis of component, vehicle type, and region.

Global Automotive Interiors Market: Overview

Automotive interiors are resources used to enhances the appearance of automotive vehicles cabin from inside. Automotive interiors are designed to provide comfort and ease to users. Automotive interiors comprise components such as headliners, cockpit modules, door panels, automotive seats, and others that are specifically designed to provide comfort, grip, and other.

Global Automotive Interiors Market: Dynamics

The production and sales of automotive vehicles have been on the rise across the world to meet the increasing demand from emerging economies such as China and India, which is expected to propel growth of automotive industry and subsequently automotive interiors market over the forecast period. The increasing R&D activities related to advanced gadgets such as entertainment system, hands-free connectivity, and GPS, etc. to enhance the driving experience is expected to drive growth of the target market.

In January 2017, Ford Motor Company launched Sync 3 Infotainment System – next generation voice activated technology – which facilitates hands-free telephone calls and allows the user to control music and other functions using voice commands.

However, increase in automotive import tariffs and rise in raw material prices are some of the factors may restrain growth of the target market.

Global Automotive Interiors Market: Segment Analysis

On the basis of component, automotive seat segment is expected to register significant growth rate in the market over the forecast period. Furthermore, Infotainment systems are estimated to be the fastest growing market in terms of revenue share. The growing vehicle production and the rising demand for improved vehicle aspects are expected to drive growth of the target market.

On the basis of vehicle type, the target market is segmented into passenger vehicles and commercial vehicles. The passenger vehicle segment is projected to grow at faster pace owing to increasing demand for automobiles which equipped with advanced safety features in the developing countries worldwide.

Automotive Interiors Market: Region Analysis

Geography wise, the Asia Pacific automotive interiors market accounts for a major share in the global market, owing to increasing vehicle production along with focus on high comfort and safety.

Increasing demand for various types of advanced technologies including introduction of cabin lighting features in compact and mid- sized cars with the focus on inner comfort – intend to improve the experience of passengers within the car, expected to boost growth of the target market. Further, China, Japan, India, and South Korea have experienced a significant rise in automotive interior market, owing to the increasing spending capability of consumers on automotive interior styling. The market in North America accounts for significant share in the global market in terms of revenue and is expected to maintain its growth rate over the forecast period. The Europe automotive interiors market accounts for moderate revenue share in the global market and is expected to witness considerable growth over the forecast period.

Global Automotive Interiors Market Segmentation:

Segmentation by Component:

• Central Console
• Cockpit Module
• Dome Module
• Door Panel
• Headliner
• Infotainment System
• Interior Lighting
• Automotive Seats

Segmentation by Vehicle Type:

• Passenger Vehicle
• Commercial Vehicle

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa