Global Automotive Interior Market Outlook 2024, Forecast To 2033
15 Feb, 2024
The automotive interior market has shown strong growth from $144.63 billion in 2023 to $154.36 billion in 2024 at a 6.7% CAGR. Increased consumer demand for advanced infotainment systems, growth in the automotive industry with a focus on in-car connectivity, and adoption of advanced driver assistance systems (ADAS) contributed to this historic growth. In the forecast, the market is expected to reach $202.78 billion in 2028 with a 7.1% CAGR. Contributing factors include the rapid adoption of OLED panels, rising production of passenger cars and commercial vehicles, growth of the high-end and luxury car segments, and the surge in demand for electric and autonomous vehicles, along with trends such as digital cockpits and minimalist interior designs.
Global Automotive Interior Market Key Driver
Growing demand for luxury vehicles propels the automotive interior market. Luxury vehicles, offering advanced features and superior interiors, are witnessing increased sales. In 2021, India reported 24,009 luxury car sales, reflecting heightened consumer interest in premium vehicles and driving the automotive interior market.
Get A Free Sample Of The Global Automotive Interior Market ReportGlobal Automotive Interior Market Segments
The automotive interior market covered in this report is segmented –
1) By Vehicle Type: Passenger Car, Commercial Vehicle
2) By Component: Infotainment System, Instrument Panels, Interior Lighting, Body Panels, Other Components
3) By Application: Dashboard, Seats, Airbags and Seat Belts, Door Panel and Trims, Carpet and Headliners
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the automotive interior market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive interior market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Automotive Interior Industry Players
Adient plc; Calsonic Kansei Corporation; Faurecia SE; Hyundai Mobis Co. Ltd.; Lear Corporation; Robert Bosch GmbH; Visteon Corporation; Yanfeng Automotive Interior Systems Co Ltd.; Toyoda Gosei Co Ltd.; Denso Corporation; ContiTech AG; Takata Corporation; Sage Automotive Interiors; SMS Auto Fabrics Inc.; Tachi-S Co Ltd.; Grammer AG; Grupo Antolín-Irausa SA; Panasonic Corp.; Magna International Inc.; Toyota Boshoku Corporation; Pioneer Corporation; JVCKenwood Corporation; Delphi Automotive PLC; Guelph Manufacturing Group; International Automotive Components Group; Johnson Controls International plc; Keiper Recaro Group; Magneti Marelli SpA; NHK Spring Co Ltd.; Nifco Inc.
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Automotive Interior Market Overview
Automotive interiors refer to fitting together all the components of the car while maintaining its aesthetics and comfort. It plays a vital role in vehicles’ performance, aesthetic appeal, and scalability, which consists of the infotainment system, body panels, instrument panels, and others. The automotive interior is used for providing a comfortable seating experience for passengers in vehicles.
Automotive Interior Global Market Report 2023 provides data on the global automotive interior market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive interior market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.