Global Automotive Interiors Market
The global automotive interiors market is expected to grow at a CAGR of 5.98% to a market size of USD XX billion by the year 2022. Automotive interiors have played second fiddle to the exteriors in the past but have now become one of the most important considerations for any car buyer. Car manufacturers known for their more flamboyant interiors have been gaining popularity, especially in the fast-growing Asia-Pacific. Honda Civic, when it was launched in 2006, won a lot of accolades and customer base especially because of its interiors that were a step ahead of any car in its segment and one segment higher. In some Asia-Pacific countries, automobile prices are extremely high and customers expect a high quality of interiors at that price point, so manufacturers have to invest in upgrading interiors specifically for the price-conscious Asia-Pacific region.
In order to meet the need for creating fuel-efficient and lightweight systems, manufacturers are coming up with a lightweight material to use in the automotive interiors and this represents a big driver for the market. Passenger cars hold the largest share in the automotive interiors market on account of features and quality rich interiors. Also, the sales of passenger vehicles are expected to record the highest level of growth around the world by 2022.
Due to rising customer expectations and fierce competition, a higher number of car manufacturers are offering infotainment systems in even entry-level cars. This will boost the infotainment market and as a result, the infotainment systems subcategory will be the fastest growing. This high growth is forecasted to take place in the Asia-Pacific and Africa region as most cars in the developed markets already come equipped with such systems.
The market has been segmented by vehicle type (Passenger Vehicles, Commercial Vehicles), component type (Seats, Infotainment Systems, instrument panel, body panels, lighting, others) and region (North America, South America, Europe, Africa, Middle East and Asia-Pacific).
Some of the key players in the market are:
What the Report Offers
Market analysis Automotive Interiors Market specific assessments and competition analysis on the global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario and rising prospective opportunities along with the identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the Automotive Interiors Market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries in which this industry is blooming and to also identify the regions that are still untapped.