In a recent published report, Kenneth Research has updated the market report for Automotive Interiors Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Automotive Interiors Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global automotive interiors market is estimated to reach $291.8 Billion by 2025; growing at a CAGR of 6.9 % from 2017 to 2025. Automotive interiors describe to the interior components and systems in a vehicle that are specifically intended to provide grip, comfort and sound insulation inside the vehicle cockpit. These include cockpit modules, headliners, flooring, door panels, automotive seats, interior lighting and other components. These also comprise dash top mobile devices such as MP3 players, GPS navigation, satellite radio mobile TV, and HD radio, video playback and smart phone interfaces. Automotive interiors play an essential role in motivating the buyer as these are indicative of the vehicle quality and comfort. This also includes trucks, motorcycles, buses, vans and coaches
The growth of the global automotive interiors market is mainly driven by factors such as increasing income levels, rising automotive industry, and the growing consumer demand for technologically advanced systems for an improved driving skill. In addition, increasing demand for perceived quality, interior styling, convenience features and cabin comfort are also supporting the market growth. However, high power consumption and high price in automotive interiors may hamper the growth of the market. Though, technology advancement and rising demand for interior styling would generate profitable opportunities for the market in the forthcoming years.
The global automotive interiors market is segmented on the basis of component, vehicle type, and geography. Component segment is classified into cockpit module, flooring, door panel, automotive seat, interior lighting and other components (acoustic, sun visors, headliner, overhead systems). Cockpit module is sub segmented into infotainment, instrument cluster, telematics, other cockpit modules (audio, connectivity). By vehicle type, the market comprises passenger cars, and commercial vehicle. Furthermore, commercial vehicle is sub segmented into LCV and HCV.
Based on geography, automotive interiors market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Russia, Italy, and Rest of Europe. Asia-Pacific is segmented into India, Japan, China, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
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The key market players include Lear Corporation, Delphi Technologies, HYUNDAI MOBIS, IAC Group, TACHI-S CO., LTD, Visteon Corporation., Calsonic Kansei Corporation, Johnson Controls, Faurecia Interior System, and Grupo Antolin, among others.
The key takeaways from the report
The report will provide detailed analysis of Global Automotive Interiors Market with respect to major segments such as component, vehicle type, and geography.
The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Automotive Interiors Market has been included in the report
Profile of the key players in the Global Automotive Interiors Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of Global Automotive Interiors Market
Component Segments
Cockpit Module
Infotainment
Instrument Cluster
Telematics
Other Cockpit Modules (Audio, Connectivity)
Flooring
Door Panel
Automotive Seat
Interior Lighting
Other Components (Acoustic, Sun Visors, Headliner, Overhead Systems)
Vehicle Type Segments
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Passenger Cars
Commercial Vehicle
LCV
HCV
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Italy
Rest of Europe
Asia-Pacific
India
Japan
China
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
Table of Contents
Chapter 1 Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
2.1 Global AUTOMOTIVE INTERIORSs Market Year-on-Year Growth, 2017 – 2025 (%)
Chapter 3 Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company’s Competitive Scenario
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Impact Analysis
3.3.2 Restraints
3.3.2.1 Impact Analysis
3.3.3 Opportunities
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