Automotive Interiors Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $236.2 billion by 2022, registering a CAGR of 6.5% during the forecast period 2016-2022. Asia-Pacific is the leading market of automotive interiors, followed by Europe.
Cockpit module, flooring, door panel, automotive seat, interior lighting, acoustic, and sun visors among others are the key components of a vehicles interior. Among these, automotive seat is the largest revenue contributor, anticipated to account for over 40% of the total market revenue, throughout the forecast period.
The rising demand of luxurious seating systems is fostering the market growth for automotive seats.
Cockpit module, which encompasses audio systems, infotainment, instrument cluster, telematics and others, would be the second highest revenue-generator throughout the analysis period.
Interior lighting is anticipated to be the most lucrative segment in terms of growth, with an anticipated CAGR of 10.4% from 2016-2022. The growth is attributable to the technological advancements in LED lights and increasing trend of interior lighting customization among the buyers.
The leading players in the automotive interiors market have adopted strategies such as collaborations, product launch, agreement & acquisitions to expand their market presence. The key companies profiled include Grupo Antolin, Faurecia S.A., Johnson Controls Inc., Calsonic Kansei Corp., Visteon Corporation, Lear Corporation, Delphi Automotive Plc., Hyundai Mobis Company, Ltd, Magna International Inc.
and International Automotive Components Group S.A. (IAC).
The automotive interiors market is segmented on the basis of vehicle type, component, and geography. On the basis of vehicle type, the market is categorized into passenger car and commercial vehicle (light commercial vehicle and heavy commercial vehicle).
Component wise, the market is segregated into Cockpit Module, Flooring, Door Panel, Automotive Seat, Interior Lighting and others (sun visors, headliner, overhead and acoustic system). Geographically, the market is segmented across North America, Europe, Asia-Pacific, and LAMEA.
Asia-Pacific is the prominent market in the automotive interior market worldwide, followed by Europe and North America. The market in these regions has been further broken down into major countries within each region.
Key Findings of Automotive Interiors Market:
- LAMEA would region is likely to be one of the fastest growing markets, in terms of revenue, with an anticipated CAGR of around 7.1%, from 2016 to 2022.
- The automotive seat segment is expected to maintain its prominent foothold in the market throughout the forecast period. However, interior lighting is estimated to be the fastest growing segment.
- The passenger car segment accounted for more than two-thirds of the market share in 2015 and is anticipated to maintain its share throughout the analysis period.
Category: Market Research Publishers and RetailersCompany about: Allied Market Research is a global market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market dom ...