Automotive Interior Market Size is valued at USD 146.98 Bn in 2022 and is predicted to reach USD 223.72 Bn by the year 2031 at a 4.9% CAGR during the forecast period for 2023-2031.
Automotive interior refers to the interior of a vehicle, which includes all of the components, materials, and features that comprise the passenger compartment. The design and functionality of an automobile's interior play an important role in the vehicle's overall comfort, aesthetics, and user experience.
The inside of a car, which includes cockpit modules, headliners, auto seats, door panels, and others, is made to provide comfort, grip, and sound insulation for the car's cabin. The inside trims, upholstery, and other adornments greatly influence the saleability of a car. Additionally, the interior of the car has the greatest impact on a buyer's judgment of the quality of the vehicle. The main growth factors are the need to improve fuel efficiency, technological development, rising demand for opulent automobiles, and attention to the safety of drivers. Modern automobiles use cutting-edge technology to improve the driving experience, including entertainment systems, hands-free communication, and global positioning systems (GPS).
However, due to the pandemic, several automakers temporarily ceased production, which lowered the number of vehicles made and, as a result, the need for automobile interior parts. However, the pandemic caused consumer priorities to shift to cleanliness and safety. Automakers must include features like enhanced cabin air filtration systems, antimicrobial materials, and touchless controls to adapt.
Recent Developments:
- In March 2022, Uniphy and Grupo Antolin developed smart surfaces for next-generation in-car user interfaces. Grupo Antolin merged innovative decorative and lighting technologies with Uniphy's Canvya™ smart-surface solutions to create functional, attractive, safe, and cost-effective 3D touch-control surfaces.
- In Dec 2019, Bosch unveiled a new interior monitoring system equipped with cameras and artificial intelligence with the intention of enhancing driver and passenger safety. A camera incorporated into the steering wheel detected when a driver's eyelids became droopy, when they were distracted, and when they turned their head towards their passenger or the rear of the vehicle.
Competitive Landscape
Some Major Key Players In The Automotive Interior Market:
- Forvia Faurecia
- Yanfeng
- Antolin
- Samvardhana Motherson Group (Smp Deutschland Gmbh)
- Toyota Boshoku Corporation
- Continental Ag
- Lear Corporation
- Robert Bosch Gmbh
- Hyundai Mobis
- Adient Plc.
- Denso Corporation
- Zf Friedrichshafen AG
- Panasonic Holdings Corporation
- Valeo
- Draxlmaier
- Nippon Seiki Co., Ltd.
- Yazaki Corporation
- Alps Alpine Co., Ltd.
- Jvckenwood Corporation
- Renesas Electronics Corporation
- Toshiba Corporation
- Japan Display, Inc.
- Mitsubishi Electric Corporation
- Texas Instruments
- Nvidia Corporation
- Magna International Inc.
- Harman International
- Saint-Gobain
- Pioneer Corporation
- Tomtom International
- Visteon Corporation
- Fujitsu Limited
- Ford Motor Company
- General Motors
- Audi AG
- BMW AG
Market Segmentation:
The Automotive Interior Market is divided on the basis of component type, material, level of autonomy, electric vehicle, passenger car class, and ICE vehicle type. On the basis of component type, the market is segmented as a head-up display, centre stack, instrument cluster, seat, dome module, headliner, interior lighting, rear seat entertainment, door panel, centre console, adhesives & tapes, upholstery, and others.
The material segment includes leather, fabric, vinyl, wood, glass fibre composite, carbon fibre composite, and metal. By level of autonomy, the market is segmented into semi-autonomous, autonomous, and non-autonomous. The electric vehicle segment includes plug-in hybrid electric vehicles (PHEV), hybrid electric vehicles (HEV), battery electric vehicles, and fuel cell electric vehicles (FCEV). By passenger car class, the market is segmented into economic cars, mid-segment cars, and luxury segment cars. The ICE vehicle type segment includes passenger cars, light commercial vehicles, and heavy commercial vehicles.
Based On Component, The Seat Segment Is Accounted As A Major Contributor In The Automotive Interior Market
The seat category is expected to hold a major share of the global Automotive Interior Market. The demand for luxury, comfort, and convenience, along with expanding vehicle production due to a rise in individual and commercial vehicle demand, has driven the expansion of this market segment significantly. Any car must have a seat, and it is the component that provides the most comfort out of all others. Therefore, creating a comfy seat is the manufacturers' first priority. Therefore, the creation of adjustable seats, programmable comfort, and several other features has aided this segment's expansion during the anticipated period.
Passenger Cars Segment Witnessed A Rapid Growth
The segment, passenger cars, is estimated to grow rapidly in the global Automotive Interior Market. The growth of the passenger car category has been aided by an increase in the number of passenger vehicles across the globe as a result of rising disposable income, rising standards of living, and an increase in demand for personal luxury automobiles globally. Additionally, the growing use of electric and driverless vehicles is anticipated to fuel this market's expansion in the future.
In The Region, The North America Automotive Interior Market Holds A Significant Revenue Share
North America Automotive Interior Market is expected to record the maximum market share in revenue in the near future. This is due to increased regional automotive vehicle production and rising consumer demand for comfort and luxury in transportation. The availability of inexpensive production inputs and benevolent government policies has drawn investors to the North American area, making it the leading producer of automobiles. As a result, the demand for automobile interiors soared in the region.
Moreover, Asia Pacific is also anticipated to have rapid growth. In Asia Pacific, autonomous vehicles are anticipated to gain popularity during the next few years. The desire for fresh and cutting-edge automobile interior solutions is increasing.
Automotive Interior Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 146.98 Bn |
|
Revenue Forecast In 2031 |
USD 223.72 Bn |
|
Growth Rate CAGR |
CAGR of 4.9% from 2023 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Component, Material, Level of Autonomy, Electric Vehicle Type, ICE Vehicle Type, and Passenger Car Class. |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Forvia Faurecia, Yanfeng, Antolin, Samvardhana Motherson Group (Smp Deutschland Gmbh), Toyota Boshoku Corporation, Continental Ag, Lear Corporation, Robert Bosch Gmbh, Hyundai Mobis, Adient Plc., Denso Corporation, Zf Friedrichshafen AG, Panasonic Holdings Corporation, Valeo, Draxlmaier, Nippon Seiki Co., Ltd., Yazaki Corporation, Alps Alpine Co., Ltd., Jvckenwood Corporation, Renesas Electronics Corporation, Toshiba Corporation, Japan Display, Inc., Mitsubishi Electric Corporation, Texas Instruments, Nvidia Corporation, Magna International Inc., Harman International, Saint-Gobain, Pioneer Corporation, Tomtom International, Visteon Corporation, Fujitsu Limited, Ford Motor Company, General Motors, Audi AG, BMW AG |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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