Automotive Interior Market by Global Demand and Top Players 2020 to 2030
The Global Automotive Interior Market size valued to USD 215.30 billion in 2019, is predicted to reach USD 384.60 billion by 2030, witnessing a CAGR of 5.30% from 2020-2030.
Automotive
interiors are explicitly designed for providing comfort, grip, and sound
insulation to the vehicle cabin, with advanced safety features for the driver.
Interior of the vehicle cabin consists of infotainment system, body panels,
headliners, cockpit modules, door panels, automotive seats, and others. The
interior components play a vital role in enhancing the performance of
automotive, gives the vehicle an aesthetic appeal and increases its salability.
Besides, vehicle interior at the very first glance influences a buyer’s
perception regarding the quality of a vehicle.
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Top Companies: Calsonic Kansei Corp., Adient, Faurecia
Interior System, Hyundai Mobis Company, Grupo Antolin, IAC Group, Robert Bosch,
Lear Corporation, Yanfeng Automotive Interiors and Visteon Corporation and
others.
The global automotive
interior market share analysis is based on component, vehicle type and
geography. Based on component, the market is segmented into Flooring, Cockpit
Module, Door Panel, Interior Lighting, Automotive Seat, and Other. The cockpit
module it further segmented into Infotainment System, Instrument Cluster,
Telematics, and Others. Based on vehicle type, the market is divided into
Passenger Car and Commercial Vehicle. The commercial vehicle is further
fragmented into Light Commercial Vehicle and Heavy Commercial Vehicle.
Geographic breakdown and analysis of each of the previously mentioned segments
include regions comprising North America, Europe, Asia-Pacific, and RoW.
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North
America is expected to account for the major market share in the global
automotive interior market, hence dominating the global market throughout the
forecast period. This is attributable to market dynamics like technological
advancements, economic feasibility of premium vehicles, higher dependence on
automotive for personal transport, as well as strict regulatory standards
regarding fuel-economy. Asia Pacific region is expected to grow at the highest
CAGR, accounting for a notable market share, owing to advancement in in-vehicle
infotainment, rise in the demand for passenger vehicles, willingness of
consumers to spend on premium interiors as well as substantial increase in the
number of manufacturing facilities in this region.
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