Automotive Interiors Market
Automotive Interiors Market Forecasts to 2030 - Global Analysis By Component (Automotive Seats, Door Panel, Cockpit Module, Flooring, Interior Lighting, Center Console, Instrument Cluster, Center Stack and Other Components), Vehicle Type, Material, Application and By Geography
According to Stratistics MRC, the Global Automotive Interiors Market is accounted for $157.4 billion in 2023 and is expected to reach $242.9 billion by 2030 growing at a CAGR of 6.4% during the forecast period. Automotive interiors refer to the internal components and features within a vehicle's cabin, encompassing the dashboard, seats, controls, and various design elements. These elements collectively contribute to the overall comfort, functionality, and aesthetic appeal of the interior space. Automotive designers focus on creating ergonomic and visually pleasing interiors, incorporating materials, textures, and technologies that enhance the driving experience while considering safety and user-friendly interfaces. A well-designed automotive interior enhances the overall quality and appeal of the vehicle for drivers and passengers alike.
According to a report published by Mercedes-Benz Group AG, Mercedes-Benz Passenger Cars retail deliveries 751,700 units to customers.
Market Dynamics:
Driver:
Growing demand for luxurious vehicles
The automotive industry is witnessing a surge in demand for luxurious vehicles, particularly in the realm of automotive interiors. Consumers are increasingly seeking high-end features, exquisite materials, and cutting-edge technology to enhance their driving experience. From premium leather upholstery to state-of-the-art entertainment systems, the market is evolving to cater to the growing desire for opulence within vehicle interiors. This trend reflects a broader shift in consumer preferences towards a more sophisticated and luxurious driving environment.
Restraint:
Limited consumer awareness
Consumer awareness in automotive interiors remains limited, with many car buyers primarily focusing on external features and performance. Despite spending a significant amount of time inside their vehicles, customers often overlook interior design, comfort, and technology. Manufacturers face the challenge of educating consumers about the importance of well-crafted automotive interiors, emphasizing factors such as ergonomic seating, advanced infotainment systems, and high-quality materials. Increasing awareness could lead to a more informed and discerning consumer base, driving demand for vehicles that prioritize interior excellence.
Opportunity:
Increasing penetration of larger displays
As automotive technology advances, there is a growing demand for expansive digital interfaces within vehicle interiors. Larger displays not only enhance the driver's experience by providing comprehensive information and entertainment options but also contribute to a more sophisticated and futuristic aesthetic. This trend reflects the industry's focus on integrating cutting-edge technology seamlessly into automotive interiors, catering to consumer preferences for more immersive and visually engaging driving environments.
Threat:
High production costs
The intricate design requirements, advanced materials, and sophisticated technology needed for modern interiors contribute to elevated manufacturing expenses. Integrating cutting-edge features, such as advanced infotainment systems and driver assistance technologies, further escalates production costs. Additionally, stringent quality and safety standards impose additional financial burdens. As a result, automotive manufacturers encounter substantial financial investments to deliver interiors that meet evolving consumer expectations and regulatory demands, impacting the overall competitiveness of the market.
Covid-19 Impact:
The COVID-19 pandemic has significantly impacted the Automotive Interiors market, leading to disruptions in manufacturing, supply chain constraints, and a shift in consumer preferences. Lockdowns and reduced economic activity have slowed vehicle production, affecting demand for interior components. Additionally, a focus on hygiene and safety has increased demand for antimicrobial materials and touchless technologies within car interiors. The industry is adapting to these challenges by incorporating innovative solutions to meet evolving consumer needs in the post-pandemic automotive landscape.
The interior lighting segment is expected to be the largest during the forecast period
The interior lighting segment is expected to be the largest during the forecast period. Interior lighting systems not only provide functional illumination but also contribute to the overall ambiance and mood within the vehicle. With an increasing demand for customizable and dynamic lighting solutions, automotive manufacturers are incorporating innovative interior lighting designs to create a unique and immersive driving environment, thereby enhancing the appeal of their vehicles in the competitive market.
The dashboard segment is expected to have the highest CAGR during the forecast period
The dashboard segment is expected to have the highest CAGR during the forecast period. Modern dashboards seamlessly blend aesthetics and functionality, featuring high-resolution displays, intuitive touch controls, and connectivity options. The demand for smart, interactive dashboards is driven by consumer preferences for enhanced driving experiences and connectivity. As automakers compete to offer cutting-edge features, the automotive interiors market continues to evolve, emphasizing innovation and user-friendly interfaces for a connected and immersive driving environment.
Region with largest share:
North America is projected to hold the largest market share during the forecast period. Innovations in materials and design, coupled with the rising preference for connected and autonomous vehicles, are shaping the industry landscape. With a focus on enhancing user experience, manufacturers are incorporating smart technologies, sustainable materials, and ergonomic designs. The market's evolution aligns with the region's automotive industry trends, reflecting a dynamic blend of aesthetics and functionality in interior components.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period. Rapid urbanization, rising disposable income, and a burgeoning middle class contribute to the region's automotive interior market expansion. Key players are focusing on innovative technologies, such as advanced infotainment systems and smart connectivity, to meet the evolving preferences of consumers. Additionally, stringent regulations promoting safety and environmental sustainability are shaping the market dynamics, fostering a competitive landscape in the automotive interiors sector across the region.
Key players in the market
Some of the key players in Automotive Interiors market include Johnson Controls International, Toyoda Gosei Co., Ltd., Magna International, Robert Bosch GMBH, Hyundai Dymos Inc., Panasonic Corporation, Toyota Boshoku Corporation, Pioneer Corporation, Faurecia, Denso Corporation, Adient plc, LEAR Corporation, DuPont de Nemours, Inc., Sage Automotive Interiors, Yanfeng Automotive Interiors, Stahl Holdings B.V. and Continental AG.
Key Developments:
In June 2023, Toyota Boshoku Corporation has developed highly comfortable seats that allow convenient seating arrangements. The seats will be available in the new Alphard and Vellfire models announced in June by Toyota Motor Corporation.
In April 2023, Lear Corporation acquired IG Bauerhin (IGB), further expanding its suite of in-vehicle comfort technologies. IGB is a privately held supplier of automotive seat heating, ventilation, active cooling, steering wheel heating, seat sensors, and electronic control modules.
In February 2023, TrinamiX, and Continental is presenting a world innovation the Driver Identification Display with an integrated camera solution for biometric driver identification.
Components Covered:
• Automotive Seats
• Door Panel
• Cockpit Module
• Flooring
• Interior Lighting
• Center Console
• Instrument Cluster
• Center Stack
• Other Components
Vehicle Types Covered:
• Passenger Cars
• Electric Vehicles
• Commercial Vehicles
• Other Vehicle Types
Materials Covered:
• Wood
• Vinyl
• Fabric
• Leather
• Glass
• Carbon
• Other Materials
Applications Covered:
• Seats
• Carpets & Headliners
• Dashboard
• Airbags & Seatbelts
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Interiors Market, By Component
5.1 Introduction
5.2 Automotive Seats
5.3 Door Panel
5.4 Cockpit Module
5.5 Flooring
5.6 Interior Lighting
5.7 Center Console
5.8 Instrument Cluster
5.9 Center Stack
6 Other Components
6 Global Automotive Interiors Market, By Vehicle Type
6.1 Introduction
6.2 Passenger Cars
6.2.1 Economic Cars
6.2.2 Mid Segment Cars
6.2.3 Luxury Segment Cars
6.3 Electric Vehicles
6.3.1 Hybrid Electric Vehicle (HEV)
6.3.2 Pulg-in Hybrid Electric Vehicle (PHEV)
6.3.3 Battery Electric Vehicle (BEV)
6.3.4 Fuel Cell Electric Vehicle (FCEV)
6.4 Commercial Vehicles
6.5 Other Vehicle Types
7 Global Automotive Interiors Market, By Material
7.1 Introduction
7.2 Wood
7.3 Vinyl
7.4 Fabric
7.5 Leather
7.6 Glass
7.7 Carbon
7.8 Other Materials
8 Global Automotive Interiors Market, By Application
8.1 Introduction
8.2 Seats
8.3 Carpets & Headliners
8.4 Dashboard
8.5 Airbags & Seatbelts
8.6 Other Applications
9 Global Automotive Interiors Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Johnson Controls International
11.2 Toyoda Gosei Co., Ltd.
11.3 Magna International
11.4 Robert Bosch GMBH
11.5 Hyundai Dymos Inc.
11.6 Panasonic Corporation
11.7 Toyota Boshoku Corporation
11.8 Pioneer Corporation
11.9 Faurecia
11.10 Denso Corporation
11.11 Adient plc
11.12 LEAR Corporation
11.13 DuPont de Nemours, Inc.
11.14 Sage Automotive Interiors
11.15 Yanfeng Automotive Interiors
11.16 Stahl Holdings B.V.
11.17 Continental AG
List of Tables
1 Global Automotive Interiors Market Outlook, By Region (2021-2030) ($MN)
2 Global Automotive Interiors Market Outlook, By Component (2021-2030) ($MN)
3 Global Automotive Interiors Market Outlook, By Automotive Seats (2021-2030) ($MN)
4 Global Automotive Interiors Market Outlook, By Door Panel (2021-2030) ($MN)
5 Global Automotive Interiors Market Outlook, By Cockpit Module (2021-2030) ($MN)
6 Global Automotive Interiors Market Outlook, By Flooring (2021-2030) ($MN)
7 Global Automotive Interiors Market Outlook, By Interior Lighting (2021-2030) ($MN)
8 Global Automotive Interiors Market Outlook, By Center Console (2021-2030) ($MN)
9 Global Automotive Interiors Market Outlook, By Instrument Cluster (2021-2030) ($MN)
10 Global Automotive Interiors Market Outlook, By Center Stack (2021-2030) ($MN)
11 Global Automotive Interiors Market Outlook, By Other Components (2021-2030) ($MN)
12 Global Automotive Interiors Market Outlook, By Vehicle Type (2021-2030) ($MN)
13 Global Automotive Interiors Market Outlook, By Passenger Cars (2021-2030) ($MN)
14 Global Automotive Interiors Market Outlook, By Economic Cars (2021-2030) ($MN)
15 Global Automotive Interiors Market Outlook, By Mid Segment Cars (2021-2030) ($MN)
16 Global Automotive Interiors Market Outlook, By Luxury Segment Cars (2021-2030) ($MN)
17 Global Automotive Interiors Market Outlook, By Electric Vehicles (2021-2030) ($MN)
18 Global Automotive Interiors Market Outlook, By Hybrid Electric Vehicle (HEV) (2021-2030) ($MN)
19 Global Automotive Interiors Market Outlook, By Pulg-in Hybrid Electric Vehicle (PHEV) (2021-2030) ($MN)
20 Global Automotive Interiors Market Outlook, By Battery Electric Vehicle (BEV) (2021-2030) ($MN)
21 Global Automotive Interiors Market Outlook, By Fuel Cell Electric Vehicle (FCEV) (2021-2030) ($MN)
22 Global Automotive Interiors Market Outlook, By Commercial Vehicles (2021-2030) ($MN)
23 Global Automotive Interiors Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
24 Global Automotive Interiors Market Outlook, By Material (2021-2030) ($MN)
25 Global Automotive Interiors Market Outlook, By Wood (2021-2030) ($MN)
26 Global Automotive Interiors Market Outlook, By Vinyl (2021-2030) ($MN)
27 Global Automotive Interiors Market Outlook, By Fabric (2021-2030) ($MN)
28 Global Automotive Interiors Market Outlook, By Leather (2021-2030) ($MN)
29 Global Automotive Interiors Market Outlook, By Glass (2021-2030) ($MN)
30 Global Automotive Interiors Market Outlook, By Carbon (2021-2030) ($MN)
31 Global Automotive Interiors Market Outlook, By Other Materials (2021-2030) ($MN)
32 Global Automotive Interiors Market Outlook, By Application (2021-2030) ($MN)
33 Global Automotive Interiors Market Outlook, By Seats (2021-2030) ($MN)
34 Global Automotive Interiors Market Outlook, By Carpets & Headliners (2021-2030) ($MN)
35 Global Automotive Interiors Market Outlook, By Dashboard (2021-2030) ($MN)
36 Global Automotive Interiors Market Outlook, By Airbags & Seatbelts (2021-2030) ($MN)
37 Global Automotive Interiors Market Outlook, By Other Applications (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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