Global Automotive Interior Market is anticipated to flourish at significant CAGR over the forecast period 2018-2024 - Techsci Research


Posted February 5, 2019 by James_Smith

Global automotive interior market is expected to witness modest growth until 2024 on account of increasing safety concerns among consumers, rising number of technological advancements and surge in demand for luxurious vehicles.

 
Global automotive interior market is expected to witness modest growth until 2024 on account of increasing safety concerns among consumers, rising number of technological advancements and surge in demand for luxurious vehicles. Moreover, surging demand for styling cabin interiors are further boosting market growth. Owing to the high production and high quality of the automotive components, Global automotive interior market for passenger vehicles is anticipated to grow at the highest CAGR during the forecast period.

Based on the component, the market has been segmented into central console, cockpit module, dome module, door panel, headliner & carpet, infotainment system, interior lighting and automotive seats. Due to the features, such as navigation and temperature display, among others, the market for infotainment systems is expected to grow at a robust pace until 2024. In terms of regional analysis, Asia-Pacific is anticipated to acquire the leadership position during the forecast period due to the rising disposable income and increasing demand for vehicles across the major economies in the region.

Some of the leading players in the global automotive interior market are Faurecia S.A., Continental AG, Panasonic Corporation, Magna International, Inc., Delphi Automotive PLC, Hyundai Mobis Co. Ltd., Toyota Boshoku Corporation, Tachi-S Co. Ltd., Johnson Controls Inc., Lear Corporation, etc.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major manufacturers across the globe.

TechSci Research calculated the market size of global automotive interior market using a bottom-up approach, where data for various application across various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Objective of the Study:

To analyze and forecast the market size of global automotive interior market, in terms of value and volume.
To classify and forecast global automotive interior market based on vehicle type, component, material and regional distribution.
To identify drivers and challenges for global automotive interior market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global automotive interior market.
To conduct the pricing analysis for global automotive interior market.
To identify and analyze the profile of leading players operating in the global automotive interior market.
Key Target Audience:

Automotive interior companies and other stakeholders
Automotive OEMs
Government bodies such as regulating authorities and policy makers
Organizations, forums and alliances related to automotive interiors market
Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturer and partners, besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global automotive interior market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, By Vehicle Type:
Passenger cars
Light Commercial vehicles
Heavy Commercial vehicles

Market, By Components:
Central Console
Cockpit Module
Dome Module
Door Panel
Headliner & Carpet
Infotainment System
Interior Lighting
Automotive Seats

Market, By Material:
Polymers
Genuine Leather
Fabric
Synthetic Leather

Market, By Region:
Asia Pacific
Europe
North America
South America
Middle East and Africa

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About TechSci Research:

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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Issued By Ken Mathews
Country United States
Categories Automotive , Business , News
Tags automotive interior market , automotive interior market analysis , automotive interior market demand , automotive interior market forecast , automotive interior market growth , automotive interior market news , global automotive interior market , united states automotive interior market
Last Updated February 5, 2019