Automotive Interiors Market Expected to Grow from USD

Pune, India, April 26, 2022 (GLOBE NEWSWIRE) — Automotive Interiors Market is expected to grow at a steady pace over the forecast period, driven by rising vehicle production and sales volumes globally, coupled with growing customer preference for premium features, convenience and convenience. security. Automotive interiors are all the components found inside a vehicle. It includes steering wheel, dashboard, door panels, seats, etc. The interiors provide passenger safety while providing and supporting the functions of dashboards, doors, seats and windows. In addition to improving user comfort, automotive interiors improve the aesthetic appearance and efficiency of the vehicle.

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Key information and conclusions:

  • The cockpit module segment led the automotive interior market and valued at USD 36.88 billion in 2020. The growth of this segment is mainly due to the increase in demand for high-end cockpit in the car as well as the need to focus on increasing the attractiveness of a cabin and modifying it to make it a complete cockpit.
  • The passenger car segment accounted for the largest market share and was valued at USD 77.66 billion in 2020. The growth of this segment is mainly driven by the increase in the use of passenger cars for transportation in developed countries and in development. In addition to this, automakers are introducing a wide range of designs and features, giving buyers a number of options to choose from.
  • The fiberglass composites segment accounted for a major market share and was valued at USD 40.78 billion in 2020. Fiberglass composites are rapidly being used in a number of automotive interior applications such as doors, headliners, dashboards and insulation.
  • The semi-autonomous segment accounted for the largest market share and was valued at USD 74.11 billion in 2020. Continued demand for efficient and safer driving systems is driving the development and adoption of semi-autonomous vehicles is driving growth of the segment.
  • The BEV segment accounted for the largest market share and was valued at USD 47.52 billion in 2020. The growth of this segment is driven by factors such as support from government regulations and policies and improvement in battery technology .
  • Regions analyzed for the market include North America, Europe, South America, Asia-Pacific, Middle East & Africa. The Asia-Pacific region has emerged as the largest market for the automotive interiors market and valued at USD 41.84 billion in 2020. Rising vehicle production along with rising demand for luxury and comfort is fueling the growth of the automotive interiors market in Asia-Pacific. The Middle East and Africa region is expected to grow at a significant CAGR during the forecast period. This is due to the growing trend of automakers setting up their manufacturing plants.

The main players operating in the global automotive interior market are ADIENT, Grupo Antolin, Hyundai Mobis Company, ltd., Calsonic Kansei Corporation, Faurecia SA, Robert Bosch, Visteon Corporation, International Automotive Components Group SA (IAC), Lear Corporation and Yanfeng Automotive Interiors, among others. To improve their market share in the global automotive interiors market, the major vendors are now focusing on adopting leading strategies such as recent developments, product innovation, mergers and acquisitions, joint ventures, collaborations and partnerships.

  • For example, in February 2019, Yanfeng Automotive Interiors (YFAI), the automotive interiors supplier, partnered with Startup Autobahn in Stuttgart, capital of the state of Baden-Württemberg in southwestern Germany. .
  • In January 2019, Gentherm, the global developer of innovative thermal management technologies, and Lear Corporation, the automotive technology provider, announced a strategic development partnership to drive the future of thermal passenger seating solutions.

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Global Automotive Interiors Market By Component:

  • Pilot module
  • Floor
  • car seat
  • Door panel
  • interior lighting
  • Other

Global Automotive Interior Market by Vehicle Type:

  • Passenger car
  • Light commercial vehicle
  • heavy duty vehicle

Global Automotive Interiors Market By Material:

  • Leather Fabric
  • Vinyl
  • Drink
  • Fiberglass composite
  • Carbon fiber composite
  • Metal

Global Autonomous Driving Automotive Interiors Market:

  • Semi-Autonomous
  • Autonomous

Global Automotive Interiors Market by Electric Vehicle:

  • VEB
  • FCEV
  • HEV
  • PHEV

Global Automotive Interior Market by Region:

  • North America
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • Japan
    • China
    • India
    • Korea
    • South East Asia
  • South America
  • Middle East and Africa
    • United Arab Emirates
    • South Africa
    • Saudi Arabia

About the report:
This research report provides in-depth data on the major factors influencing the Automotive Interior market growth at country and local levels, market size forecast, in terms of value, market share by region and by segment; regional market positions; growth opportunities by segment and by country; Key company profiles, SWOT, product portfolio and growth strategies. It studies essential aspects of the market such as major participants, expansion strategies, business models, and other market characteristics to enhance understanding of the market.

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