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Automotive Interior Market (Component - Center Stack, Head-up Display, Instrument Cluster, Seat, Interior Lighting, Door Panel, and Others; Material - Leather, Fabric, Vinyl, Glass Fiber Composite, and Carbon Fiber Composite; Vehicle Type - Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : April, 2022

  • Rep Id : AT00248

  • Category : Automotive, Aerospace & Defence

  • Status : Published

A recent report published by Infinium Global Research on automotive interior market provides in-depth analysis of segments and sub-segments in the global as well as regional automotive interior market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional automotive interior market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global automotive interior market. According to the report, the global automotive interior market is projected to grow at a CAGR of 5.83% over the forecast period of 2021-2027. The market growing from nearly USD 138.2 billion in 2021 to about USD 194.2 billion in 2027.


Market Insight

Car interiors have made huge leaps in comfort and tech from past decades. Automotive interior materials, such as plastics, metals, and composites, are manufactured inside the cabin of an automobile. As per the Customers demand more ergonomic and appealing interior design features as automobile operating assets reach adequate levels of performance. Because the cabin area of a vehicle is important for the vehicle’s weight, lightweight interior materials are essential for reducing emissions. Due to the changing technologies and new developments are already renovating automobile functionality, interiors, and the driver experience. Interior car trims are all of the parts of a vehicle that make it more decorative than functional. Its major purpose is to make the interior of the car into a comfortable and warm environment.  The COVID-19 outbreak had a significant impact on the automobile industry across the globe. The pandemic crisis impacted vehicle sales and the interior lighting market since there were lockdowns imposed by the government in various countries which affected the production activities due to shortage of laborers and also supply chain activities were disrupted due to boundary closures. This created intense pressure on the industry already coping with a downshift in global demand. A large number of industries like logistics and steel that are highly dependent on the automotive sector saw a downward fall in the sales of cars owing to the crisis. Constant delays in delivery of different raw materials for production impacted the market at several levels, from reducing vehicle sales, financially drained SMEs, shattered supply chains, and new car model launches.

 

The rising demand for private vehicles, changing lifestyle due to rising disposable income, growing demand for luxurious vehicles, and increasing popularity of electric vehicles across the globe are factors that will drive the growth of the global automotive interior market. The adoption of lightweight materials to offer advanced looks and finishing to the automotive interiors is a driving factor for the growth of the market. The rising demand for autonomous vehicles and increase in the demand for interior styling will create lucrative opportunities for the global market. The fluctuating prices of raw materials along with the rising need for significant power in the automotive interior electronics will likely act as a market restraints factor for the growth of the automotive interior

 

Among the regions, Asia-Pacific accounted for the largest share in the global Automotive Interiors Market. Factors such as increasing urbanization, healthy economic condition, growing spending expenditures of the population in developing nations such as India, China, and Japan, initiates made by the government, and the growing demand for passenger cars to propel the market growth of the regional market in the forecasting years. Moreover, the demand rising for electric vehicles to boost its market growth also. However, the Asia Pacific region is anticipated to grow with the highest rate in the global Automotive Interiors Market over the forecast period. Due to the growing demand for passenger vehicles, technological advancement, and self-dependency. Furthermore, the growing adoption of electric cars are adding to the global automotive interior industry growth in the region


Automotive Interior Market

 

Segment Covered

The report on global automotive interior market covers segments such as component, material, and vehicle type. On the basis of component, the sub-markets include center stack, head-up display, instrument cluster, seat, interior lighting, door panel, and others. On the basis of material, the sub-markets include leather, fabric, vinyl, glass fiber composite, and carbon fiber composite. On the basis of vehicle type, the sub-markets include passenger car, light commercial vehicle, and heavy commercial vehicle.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Adient, Calsonic Kansei Corporation, Faurecia s.a, Grupo Antolin, Hyundai MOBIS company, ltd, International Automotive Components Group S.A., Lear Corporation, Robert Bosch, Visteon Corporation, Yanfeng Automotive Interiors, and Adient.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of automotive interior market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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