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Overhead Console Market (Type - Front Overhead Console, and Rear Overhead Console; Vehicle Type - Passenger Cars, Commercial Vehicles, Premium/luxury, Electric Vehicle, and Others; Application - Vehicle Telematics, Infotainment, HVAC, Sunroof, and Others; Material - ABS, Polypropylene, SMA Plastic, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : January, 2022

  • Rep Id : ICT003050

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on the overhead console market provides in-depth analysis of segments and sub-segments in the global as well as regional overhead console market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional overhead console market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global overhead console market. According to the report, the global overhead console market is projected to reach USD 14.41 billion by 2027 from USD 9.94 billion in 2021, growing at a CAGR of 6.38% over the forecast period of 2021-2027.

 

Market Insight

An overhead console is a panel with a number of switches or knobs that are used to operate a machine in vehicles. Basically, it offers accessibility to store small items out of sight for easy access. It is being designed in such a way that can hold small size products such as sunglasses, wallets that are light in weight. Overhead consoles with different levels of functionality according to the vehicle segment such as Integration of cameras, sensors and environmental indicators, lighting functions. Capacitive switches with haptic feedback, Conversation Mirror, and many more. Some vehicles have included overhead consoles which are attached to the roof of the vehicle. Overhead consoles are basically fixed along the longitudinal axis of the roof and extend towards the rear of the vehicle from a front edge of the roof panel, adjacent to the windshield. Some overhead console includes function such as driver information display screens, small storage compartments, and light module

 

The growing automotive industry is boosting the overhead console market across the globe. The demand for vehicles is growing in highly populated developing countries. Electric cars or EV’s have been gaining a lot of publicity in the recent days can boost their market in upcoming years. Growing consumer preference for elegant vehicle interiors and good comfort features is anticipated to propel the automotive overhead console market across the globe. Telematics in the global automotive industry is anticipated to expand rapidly in the developing region, surging requirement for enhanced safety and security is anticipated to boost the installation of the overhead console with automotive telematics features. In commercial vehicles, most of automakers are installing overhead consoles for, real-time monitoring, and diagnostic features to meet the mounting demand for safety and security in the transportation of goods

 

Among the regions, Europe accounted for the largest share in the global Overhead Console Market due to the growing demand for vehicles across the world. The region has the presence of major equipment manufacturers and tier-1 suppliers as few of their market players have major facilities that undertake research & development on the console, that will boost the overhead console market across the globe however, the Asia Pacific region is anticipated to grow with the highest rate in the global Overhead Console market over the forecast period due to an increase in the sale of vehicles across the region. The presence of major automotive parts manufacturing industries across China, India, and Japan is anticipated to propel the automotive overhead Console market in the Asia Pacific region. In addition, the entry of well-known global brands is expected to propel this regional market during the forecast period.

 

global-overhead-console-market


Segment Covered

The report on the global overhead console market covers segments such as type, vehicle type, application, and material. On the basis of type, the sub-markets include front overhead console, and rear overhead console. On the basis of vehicle type, the sub-markets include passenger cars, commercial vehicles, premium/luxury, electric vehicle, and others. On the basis of application, the sub-markets include vehicle telematics, infotainment, HVAC, sunroof, and others. On the basis of material, the sub-markets include ABS, polypropylene, SMA plastic, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Yanfeng Automotive interior, AGM Automotive, Magna International Inc, Continental AG, Valeo, LS Automotive, IAC Group, Grupo Antolin, Daimay Automotive Interior Co., Ltd, and Kojima Industries Corporation.

 

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 overhead console 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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