A recent report published by
Infinium Global Research on the automotive interiors market provides an in-depth
analysis of segments and sub-segments in the global as well as regional automotive
interiors market. The study also highlights the impact of drivers, restraints,
and macro indicators on the global and regional automotive interiors market
over the short term as well as the long term. The report is a comprehensive
presentation of trends, forecast and dollar values of the global automotive
interiors market. According to the report, the global automotive interiors
market is projected to grow at a CAGR of about 6% over the forecast period of
2022-2028.
The revenue generated by the automotive interiors market was more than USD 145 billion in 2022 and is expected to reach over USD 205 billion in 2028 with a CAGR of about 6% over the forecast period. Car interiors have made huge leaps in comfort and tech over the past decades. Automotive interior materials, such as plastics, metals, and composites, are manufactured inside the cabin of an automobile. As per the Customers' demand for 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 a comfortable and warm environment.
The rising demand for private
vehicles, changing lifestyles 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
interiors market. The adoption of lightweight materials to offer advanced looks
and finishing to automotive interiors is a driving factor for the growth of
the market. The rising demand for autonomous vehicles and the 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 of the global Automotive Interiors Market.
Factors such as increasing urbanization, healthy economic conditions, growing
spending expenditures of the population in developing nations such as India, China,
and Japan, initiatives made by the government, and the growing demand for
passenger cars 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
at 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 is adding to the global automotive interior industry growth in the region.
The report on the global automotive
interiors 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.
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, Lear Corporation,
International Automotive Components Group S.A. (IAC), Robert Bosch, Visteon
Corporation, and Yanfeng Automotive Interiors.
The report provides deep insights
into 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 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 the automotive interiors market. Moreover, the study highlights current
market trends and provides forecast from 2022-2028. 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 insight into the market share of the leading players.
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