Automotive Interior Market: Industry Analysis and Forecast (2022-2029) by Component type, Material type, by level of autonomy

Automotive Interior Market size was valued at USD 148.35 Bn. in 2021 and the total revenue is expected to grow at 5.7% of (CAGR) from 2022 to 2029, reaching USD 231.15 Bn.

Automotive Interior Market Overview:

A vehicle's interior, which comprises components such as headliners, cockpit modules, door panels, automotive seats, and others is specifically designed to provide comfort, grip, and sound insulation in the vehicle cabin. Interior trims, fabric, and other adornments play a crucial role in the saleability of a car. New vehicle types demand adapted concepts, connectivity and HMI innovations that alter how customers interact with the vehicle, next-generation comfort features, increased demand for sustainability, and a focus on cost efficiency. Spending only where it is most important. When considering anticipated developments of OEMs and suppliers will need to address these five issues strategically by 2029 if this is to happen areas as markers of interior value. And further details on the market models and their derivation are provided in the report. Automotive Interior MarketTo know about the Research Methodology :- Request Free Sample Report

Research Methodology

A good sample size for the primary research in all countries has helped to make the report findings more authentic and deep insides are given. The primary respondents include manufacturers, distributors, OMEs and investors that have helped to get an understanding of the ecosystem. Secondary sources are referred for the research are press releases, company annual reports, government websites, association of automotive components in specific countries and study of unorganised players is carried out by using paid sources such as Bloomberg, Hoovers, government database. The bottom-up approach has been used to estimate and validate the size of the global market. The market size, by volume, is derived by identifying the total production volumes and analysing the demand trends, and opportunities. The key players as well as local players are studied and analysed in the report. That study of import and export of countries and working of the countries are analysed by production and consumption by segments and sub-segments.

Automotive Interior Market Dynamics:

Future of Connectivity and HMI in the Interior Market The replacement of buttons with dashboard screens was the HMI revolution in vehicles. Voice commands were later added, and cars began to learn from their drivers. Human-machine interfaces are designed to give drivers a variety of ways to interact with vehicle features. Manufacturers are now collaborating with IT firms to develop more innovative and disruptive HMI. Passengers will also be mentioned in HMIs. In-car infotainment systems will be able to provide everyone in the car with the activities they want while also connecting them to the outside world. These teachers are driving the automotive interior market. Lightweight & advanced materials and innovative finish Manufacturers have been able to reduce vehicle weight and design more comfortable interiors thanks to the introduction of new materials and advanced technologies. Weight reduction in automotive interior components is mostly achieved in the seating system. Audient is one of many suppliers specializing in the development and delivery of lightweight interior solutions. For example, at the North American International Auto Show in January 2018, Audient unveiled lightweight solutions for seat structures (NAIAS). Lightweight materials can significantly improve vehicle efficiency. According to industry experts, a 10% weight reduction can save approximately 5-7% of fuel. Aside from that, OEMs have a variety of plastic options for use in interiors. Polyvinyl chloride (PVC), for example, is commonly used in the manufacture of vehicle doors and instrument panels. ABS (acrylonitrile butadiene styrene) is commonly used in dashboards and has a low production cost. OEMs have also used different finishes for vehicle dashboards and seats, depending on the vehicle segment. OEMs prefer low-cost plastics and interior finishing in cost-sensitive automotive markets. Premium car manufacturers, on the other hand, prefer high-quality plastics and finishes. Such diversity of options for OEMs and suppliers will drive the automotive interior market. High-cost restraining market growth Although the prices of advanced automotive interior components have decreased in recent years, advanced automotive interior electronic components remain more expensive. For example, previously, the share of a vehicle's electronic system was only 1-2% of the total vehicle cost, but due to the rising trend for improved user experience and convenience features, the share of such systems has now increased to 8-12% of the total vehicle cost. As a result of the high cost, high-tech solutions and features are currently only available in high-end luxury vehicles. Front row seats that are 8-/10-way adjustable, middle row captain seats with reclining function, multi-information display, and infotainment system with cameras, gesture controls, dual-zone climate control, ventilated seats, and massaging seats are available. Some of the features that have high development costs and are mostly found in premium segment passenger cars are massaging seats. This is because customers who purchase luxury vehicles are willing to pay a premium for convenience and innovation. As a result, unless the cost of these innovative technologies is reduced, they will not find widespread application in low-end or economic segment vehicles. This would stymie the growth of the automotive market's overall advanced and innovative automotive interior components. Long production cycle time is the major challenge faced by the automotive interior market An average vehicle is construed five years before it is produced on the assembly line in the automotive industry. To ensure that the vehicle has the necessary features, the automotive interior components must be integrated during the conceptualization phase or 1-2 years later. Furthermore, the product development cycle for automotive interior components is two years or longer. The advanced automotive interior components are equipped with many safety and security features that make product development a time-consuming process. Vehicle advanced electronic components are very similar to consumer electronics, where product development cycles are less than a year. Customers, however, expect similar features in a car, which an automotive OEM finds extremely difficult to provide. As a result, OEMs are constantly confronted with challenges such as dealing with the introduction of new navigation systems into the market each year.

Automotive Interior Market Segment Analysis

Based on Component type, seats are an essential component of any passenger or commercial vehicle, the seat segment is expected to account for the majority of the automotive interior market during the forecast period. This market's expansion is being driven primarily by rising vehicle production and rising demand for comfort and luxury. The seat is crucial to the driving and passenger experience. New businesses have introduced technologies that enable intelligent seating adjustment, customizable comfort, and a variety of other features. Faurecia, for example, has developed Cover Carving Technology for seat covers. This technology was implemented in the Renault Talisman sedan, allowing it to provide 3 cm more knee room for rear passengers. Faurecia's Active Wellness 2.0 seat concept is another new technology. This technology collects a wide range of biological and behavioral data, such as heart rate, respiration rate, and humidity, as well as blinking, head tilting, and facial expressions. It enables the seat to detect a driver's and co-passengers mental and physical states and take active measures to reduce stress and drowsiness. Automotive Interior Market Based on material type, during the forecast period, the glass fiber composite segment is expected to have the largest market. It is widely used in a variety of automotive interior applications, including doors, dashboards, headliners, and insulation. It has many advantages, including high impact resistance, low cost, less brittleness, and lightweight. It can also be easily shaped into any shape. Glass Fiber is a plastic composite material or Fiber-reinforced plastic material that is reinforced with small glass fibers. To make this, glass is heated to a molten state and then passed through superfine holes. This produces extremely fine glass filaments measured in microns. Glass Fiber composite is commonly found in instrument and door panels.These glass Fiber products are light in weight and low-cost solutions for rising industry demands. Automotive Interior Market Based on the level of autonomy, as autonomous vehicles become more popular, the demand for advanced automotive interior technologies will rise, as the need for integrating advanced technologies will be greater than in traditional vehicles. The interior of autonomous vehicles must be designed to allow for the transition to a driverless mode. As predicted by Nissan, the penetration of this type of vehicle would be close to 15% by 2030 from the current scenario where no such vehicle is launched commercially. Mercedes-Benz, Audi, Ford, Toyota, BMW, and Volkswagen are all investing in this sector. The number of semi-autonomous vehicles on the road has increased. Automotive interior applications will play a larger role in concept cars with cutting-edge technologies and radical designs. The increase in such vehicles could accelerate the demand for cockpit electronic systems in cars.

Automotive Interior Market Regional Insights:

During the forecast period, Asia Pacific is expected to be the largest and fastest-growing automotive interior market. This market's expansion is being driven primarily by rising vehicle production and rising demand for comfort and luxury. Asia Pacific, the world's largest vehicle production market, dominates the market for automotive interior components. The small/economy car segment, which accounts for higher adoption of interior components, drives the Asia Pacific market. Leading automakers in this region, including Toyota, Honda, and Hyundai, are embracing the benefits of advanced seating systems, lighting, electronics, and various safety systems, making them standard features on all of their vehicle models. Major countries in this region, including China, Japan, India, and South Korea, are expected to be affected. Faurecia (France), Continental (Germany), Grupo Antolin (Spain), Visteon (US), Marelli (Japan), Adient (US), Hyundai Mobis (South Korea), and others are among the leading manufacturers and suppliers of automotive interiors. To gain traction in the global market, these companies used inorganic and organic growth strategies such as new product development, expansions, supply contracts, collaborations, partnerships, and mergers and acquisitions. Automotive Interior Market

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Automotive Interior Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 148.35 Bn.
Forecast Period 2022 to 2029 CAGR: 5.7% Market Size in 2029: US $ 231.15 Bn.
Segments Covered: by Component • Center Stack • Head-Up Display • Instrument Cluster • Rear Seat Entertainment • Dome Module • Headliner • Seat • Interior Lighting • Door Panel • Adhesives & Tapes • Others
by Material • Leather • Fabric • Vinyl • Wood • Glass Fiber Composite • Carbon Fiber Composite • Metal
by the level of autonomy • Semi-Autonomous • Autonomous • Non-autonomous

Automotive Interior Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Top Leading Automotive Interior Manufacturers are:

• ContiTech AG (Germany) • Brose Fahrzeugteile (Germany) • Continental AG (Germany) • Hella (Germany) • ZF Friedrichshafen (Germany) • DraxlmaierGroup (Germany) • Seiren Co., Ltd. (Germany) • Benecke-Kaliko AG (Germany) • Suzuki (Japan) • Toyoda Gosei Co., Ltd. (Japan) • Calsonic KenseiCorporation (Japan) • Takata Corporation (Japan) • Toyota Boshoku Corporation (Japan) • NHK Spring Co., Ltd. (Japan) • TS Tech Co., Ltd. (Japan) • Tachi-S Co., Ltd. (Japan) • Aisin Seiki Co., Ltd. (Japan) • GrupoAntolin (Spain) • Hyundai Mobis Co. Ltd. (South Korea) • Sage Automotive Interiors, Inc. (US) • SMS Auto Fabrics (US) • Lear Corporation (US) • GST AutoLeather, Inc. (US) • Magna International Inc. (Canada) • Guelph Manufacturing Group (Canada) • TATA Group (India) • Mahindra & Mahindra Ltd. (India) • Faurecia S.A. (France) • Yanfeng Automotive Trim Systems (China) • WOLLSDORF LEDER SCHMIDT & Co. G (Austria) • Adient PLC (Ireland) Frequently Asked Questions: 1. What is the forecast period considered for the Automotive Interior Market report? Ans. The forecast period for the Automotive Interior Market is 2021-2029. 2. Which key factors are hindering the growth of the Automotive Interior Market? Ans. High costs hindering the market growth of the automotive interior market. 3. What is the compound annual growth rate (CAGR) of the Automotive Interior Market for the forecast period? Ans. 5.7% of CAGR is the annual growth rate of the automotive interior market. 4. What are the key factors driving the growth of the Automotive Interior Market? Ans. lightweight & advanced materials and innovative finish driving the market growth. 5. Which are the worldwide major key players covered for the Automotive Interior Market report? Ans. Toyoda Gosei Co., Ltd., Grupo Antolin, Draxlmaier Group, Takata Corporation, Sage Automotive Interiors.
1. Global Automotive Interior Market: Research Methodology 2. Global Automotive Interior Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Automotive Interior Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Automotive Interior Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Automotive Interior Market Segmentation 4.1 Global Automotive Interior Market, by Component (2021-2029) • Center Stack • Head-Up Display • Instrument Cluster • Rear Seat Entertainment • Dome Module • Headliner • Seat • Interior Lighting • Door Panel • Adhesives & Tapes • Others 4.2 Global Automotive Interior Market, by Material (2021-2029) • Leather • Fabric • Vinyl • Wood • Glass Fiber Composite • Carbon Fiber Composite • Metal 4.3 Global Automotive Interior Market, by Level of autonomy (2021-2029) • Semi-Autonomous • Autonomous • Non-autonomous 5. North America Automotive Interior Market (2021-2029) 5.1 North America Automotive Interior Market, by Component (2021-2029) • Center Stack • Head-Up Display • Instrument Cluster • Rear Seat Entertainment • Dome Module • Headliner • Seat • Interior Lighting • Door Panel • Adhesives & Tapes • Other 5.2 North America Automotive Interior Market, by Material (2021-2029) • Leather • Fabric • Vinyl • Wood • Glass Fiber Composite • Carbon Fiber Composite • Metal 5.3 North America Automotive Interior Market, by Level of autonomy (2021-2029) • Semi-Autonomous • Autonomous • Non-autonomous 5.4 North America Automotive Interior Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Automotive Interior Market (2021-2029) 6.1. European Automotive Interior Market, by Component (2021-2029) 6.2. European Automotive Interior Market, by Material (2021-2029) 6.3. European Automotive Interior Market, by Level of autonomy (2021-2029) 6.4. European Automotive Interior Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Automotive Interior Market (2021-2029) 7.1. Asia Pacific Automotive Interior Market, by Component (2021-2029) 7.2. Asia Pacific Automotive Interior Market, by Material (2021-2029) 7.3. Asia Pacific Automotive Interior Market, by Level of autonomy (2021-2029) 7.4. Asia Pacific Automotive Interior Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Automotive Interior Market (2021-2029) 8.1 Middle East and Africa Automotive Interior Market, by Component (2021-2029) 8.2. Middle East and Africa Automotive Interior Market, by Material (2021-2029) 8.3. Middle East and Africa Automotive Interior Market, by Level of autonomy (2021-2029) 8.4. Middle East and Africa Automotive Interior Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Automotive Interior Market (2021-2029) 9.1. South America Automotive Interior Market, by Component (2021-2029) 9.2. South America Automotive Interior Market, by Material (2021-2029) 9.3. South America Automotive Interior Market, by Level of autonomy (2021-2029) 9.4 South America Automotive Interior Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 ContiTech AG (Germany) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Brose Fahrzeugteile (Germany) 10.3 Continental AG (Germany) 10.4 Hella (Germany) 10.5 ZF Friedrichshafen (Germany) 10.6 DraxlmaierGroup (Germany) 10.7 Seiren Co., Ltd. (Germany) 10.8 Benecke-Kaliko AG (Germany) 10.9 Suzuki (Japan) 10.10 Toyoda Gosei Co., Ltd. (Japan) 10.11 Calsonic KenseiCorporation (Japan) 10.12 Takata Corporation (Japan) 10.13 Toyota Boshoku Corporation (Japan) 10.14 NHK Spring Co., Ltd. (Japan) 10.15 TS Tech Co., Ltd. (Japan) 10.16 Tachi-S Co., Ltd. (Japan) 10.17 Aisin Seiki Co., Ltd. (Japan) 10.18 GrupoAntolin (Spain) 10.19 Hyundai Mobis Co. Ltd. (South Korea) 10.20 Sage Automotive Interiors, Inc. (US) 10.21 SMS Auto Fabrics (US) 10.22 Lear Corporation (US) 10.23 GST AutoLeather, Inc. (US) 10.24 Magna International Inc. (Canada) 10.25 Guelph Manufacturing Group (Canada) 10.26 TATA Group (India) 10.27 Mahindra & Mahindra Ltd. (India) 10.28 Faurecia S.A. (France) 10.29 Yanfeng Automotive Trim Systems (China) 10.30 WOLLSDORF LEDER SCHMIDT & Co. G (Austria) 10.31 Adient PLC (Ireland)

About This Report

Report ID 2865
Category Automotive and Transportation
Published Date Nov 2022
Updated Date
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