Global Automotive Interior Market (2021 to 2029) – Growth, Trends, COVID-19 Impact and Forecasts

Automotive Interior Market was valued at US$ 150.52 Bn. in 2021. The Global Automotive Interior Market size is estimated to grow at a CAGR of 5.3% % over the forecast period.

Automotive Interior Market Overview:

Automotive interiors refer to a set of various integrated essential components, which are designed to ensure comfort, improving the aesthetic appeal and overall performance of the vehicle. The rising demand for premium aesthetic vehicles with lightweight interior materials and the growing demand for advanced vehicle safety and comfort systems are the major growth drivers of this market. To increase their market share along with their geographical presence, prominent players in the automotive market have adopted strategies such as acquisition, partnership, expansion, and product launch. The global automotive interiors market is segmented based on vehicle type, components, and region. The developing nations in Asia-Pacific offer numerous growth opportunities. The rise in demand for passenger vehicles in this region is anticipated to increase during the forecast period. Automotive Interior Market To know about the Research Methodology:-Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2029. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2029. 2021 is a year of exception and analysis, especially with the impact of lockdown by region.

Automotive Interior Market Dynamics:

Customization of automotive interior and technological advancement in the market are driving the automotive interior market. The availability of affordable vehicles has grown considerably in Asian countries and demand for customized interior has been increasing in the matured markets like Japan, USA, Europe. The report has focus on the market dynamics by region and presented competitive analysis of market, countries, OEMs and suppliers in automotive interior industry. Government's policies on automotive industry are important and that decides the future of local and automotive industry. The report has covered the detailed country-wise analysis of automotive industry and its impact of automotive interior industry. Cost effective manufacturing, buy-back arrangements, joint venture in industry are tracked with their impact on the growth of each country's market. Geopolitical condition, which are going to impact of manufacturing, supplying of raw material global trade and restriction or sanctions on specific countries are analyzed with its impact on the industry. Due to cost effectiveness some manufacturing companies are moving to Vietnam, Mexico, and Eastern Europe, the report has analyzed if it is long term trend and is going to increase. The slow growth of major automotive markets in the world has impacted the expansion of the automotive interior materials market. Many countries have registered negative growth rates that largely affected the regional market revenue. The coronavirus outbreak has further weakened the growth of the automotive industry in the nations. Changing regulatory norms on vehicle emissions has disrupted the automotive industry across the globe; due to the increasing number of such disruptions in the automotive industry, the market growth is expected to be hampered during the forecast period. Automotive Interior Market Trends: Environmental sustainability is one of the major factors in increasing the adoption of lightweight materials such as glass, plastic, rubbers, and special fibers, particularly in the construction of automotive interiors, to decrease C02 emissions and lower energy consumption levels across the globe, which is turning out to be a key trend in the market. The infotainment screens have become the main focal points for every automaker, these screens are with the latest technology capabilities. In July 2021, Volkswagen announced the upgrade in the MIB3 infotainment system. The new infotainment system offers wireless App-connect, with multi-phone pairing and enhanced voice recognition. The telecom and technology players are partnering with major automotive players to develop the best connectivity for the customers. COVID-19 Impact on Automotive Interior Market: The COVID-19 pandemic has hindered the growth of the automotive interior market due to its impact on vehicle production. With the shutdowns of a large part of the auto industry and its many suppliers around the world for several weeks, the 2021 market was the worst crisis ever to impact the automotive industry. In 2021 production declined to 16%. Europe as a whole saw a drop of more than 21% on average. The imposition of strict lockdown in the country’s significant provinces affected industrial activities. Many disruptions in the supply of raw materials have weakened the production of automotive interior materials in the country. Vehicles sales were recovering in 2021; thus, the automotive interior market is expected to witness a significant boost in 2022 due to recovery and developments.

Automotive Interior Market Segment Analysis:

Based on vehicle type, the market is segmented into passenger vehicles and commercial vehicles. The global automotive interior market dominated by passenger vehicles in 2021 due to a rise in disposable income, rising standard of living, and increased demand for personal luxury vehicles. Commercial vehicles are estimated to witness significant growth due to the rise in demand for lightweight and heavy-weight commercial vehicles. Automotive Interior Market Based on components, the market is segmented into a central console, cockpit module, infotainment system, interior lighting, and automotive seats. Infotainment systems segment is expected to grow at fastest rate through the forecast period. The rising demand for luxury, comfort, and convenience has exponentially driven the growth of automotive seats. The seat is the essential part of the vehicle therefore the primary focus of the manufacturer is to produce a comfortable seat.

Automotive Interior Market Regional Insights:

North America held the largest market share accounting for 39.8% in 2021, owing to growth in demand for passenger vehicles, frequent technological advancement, and economic feasibility. The market in this region is growing steadily due to the widespread dependence on cars for personal transportation. The Asia-Pacific region is expected to witness significant growth at a CAGR of 6.8% through the forecast period. Increased government support in terms of subsidies to attract automotive manufacturers to set up a plant in this region is expected to drive the growth of the market. The objective of the report is to present a comprehensive analysis of the global Barium Fluoride Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear, futuristic view of the industry to the decision-makers. The reports also help in understanding the Automotive Interior Market dynamic, and structure by analyzing the market segments and projecting the Automotive Interior Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Automotive Interior Market make the report investor’s guide.

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Global Automotive Interior Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 150.52 Bn.
Forecast Period 2022 to 2029 CAGR: 5.3% Market Size in 2029: US $ 227.52 Bn.
Segments Covered: by Type • Passenger Vehicles • Commercial Vehicles
by Components • centralal console • Cockpit module • Infotainment system • Interior lighting • Automotive seats.

Automotive Interior Market by Region

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

Automotive Interior Market Key Players:

NTF India Pvt Ltd • Sage Automotive Interior Components. Inc • BASF Automotive Solutions • DK Leather Corporation Berhad • Grupo Antolin • Covestro AG Lear Corporation • Faurecia SA • Toyoda Gosei Co., Ltd. • Magna International • Continental AG • Delphi • Toyota Boshoku Corporation • Adient Plc • Borealis AG Frequently asked questions 1) What is the study period of the market? Ans: The automotive interior market is studied from 2021-to 2029 2) Which region has the highest growth rate in the automotive interior market? Ans: Asia-Pacific is growing at the highest CAGR over 2021-2029 3) What are the market segmentation and scope of the study? Ans: The global automotive market is based on components, vehicle type, and geography.
1. Global Automotive Interior Market Size: Research Methodology 2. Global Automotive Interior Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global automotive interior Market Size 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 Size: 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 Size Segmentation 4.1. Global Automotive Interior Market Size, by Segment type (2021-2027) • Passenger Vehicles • Commercial Vehicles 4.2. Global Automotive Interior Market Size, by component (2021-2027) • Central Console • Cockpit module • Infotainment system • Interior lighting • Automotive seats 5. North America Automotive Interior Market (2021-2027) 5.1. North America Automotive Interior Market Size, by type (2021-2027) • Passenger Vehicles • Commercial Vehicles 5.2. North America Automotive Interior Market Size by component (2021-2027) • Central Console • Cockpit module • Infotainment system • Interior lighting • Automotive seats 5.3. North America Automotive Interior Market, by Country (2021-2027) • United States • Canada • Mexico 6. European Automotive Interior Market (2021-2027) 6.1. European Automotive Interior Market, by type (2021-2027) 6.2. European Automotive Interior Market, by component (2021-2027) 6.3. European Automotive Interior Market, by Country (2021-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Automotive Interior Market (2021-2027) 7.1. Asia Pacific Automotive Interior Market, by type (2021-2027) 7.2. Asia Pacific Automotive Interior Market, by component (2021-2027) 7.3. Asia Pacific Automotive Interior Market, by Country (2021-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Automotive Interior Market (2021-2027) 8.1. Middle East and Africa Automotive Interior Market, by type (2021-2027) 8.2. Middle East and Africa Automotive Interior Market, by component (2021-2027) 8.3. Middle East and Africa Automotive Interior Market, by Country (2021-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Automotive Interior Market (2021-2027) 9.1. South America Automotive Interior Market, by type (2021-2027) 9.2. South America Automotive Interior Market, by component (2021-2027) 9.3. South America Automotive Interior Market, by Country (2021-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1.1. NTF India Pvt Ltd 10.1.1.1. Company Overview 10.1.1.2. Financial Overview 10.1.1.3. Global Presence 10.1.1.4. Capacity Portfolio 10.1.1.5. Business Strategy 10.1.1.6. Recent Developments 10.1.2. Sage Automotive Interior Components. Inc 10.1.3. BASF Automotive Solutions 10.1.4. DK Leather Corporation Berhad 10.1.5. Grupo Antolin 10.1.6. Covestro AG Lear Corporation 10.1.7. Faurecia SA 10.1.8. Toyoda Gosei Co., Ltd. 10.1.9. Magna International 10.1.10. Continental AG 10.1.11. Delphi 10.1.12. Toyota Boshoku Corporation 10.1.13. Adient Plc 10.1.14. Borealis AG

About This Report

Report ID 24578
Category Automotive and Transportation
Published Date Jan 2020
Updated Date Sep 2022
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