The Global Automotive Interior Market size valued to USD 215.30 billion in 2019, is predicted to reach USD 384.60 billion by 2030, witnessing a CAGR of 5.30% from 2020-2030.
Automotive interiors are explicitly designed for providing comfort, grip, and sound insulation to the vehicle cabin, with advanced safety features for the driver. Interior of the vehicle cabin consists of infotainment system, body panels, headliners, cockpit modules, door panels, automotive seats, and others. The interior components play a vital role in enhancing the performance of automotive, gives the vehicle an aesthetic appeal and increases its salability. Besides, vehicle interior at the very first glance influences a buyer’s perception regarding the quality of a vehicle.
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Top Companies: Calsonic Kansei Corp., Adient, Faurecia Interior System, Hyundai Mobis Company, Grupo Antolin, IAC Group, Robert Bosch, Lear Corporation, Yanfeng Automotive Interiors and Visteon Corporationand others.
The global automotive interior market share analysis is based on component, vehicle type and geography. Based on component, the market is segmented into Flooring, Cockpit Module, Door Panel, Interior Lighting, Automotive Seat, and Other. The cockpit module it further segmented into Infotainment System, Instrument Cluster, Telematics, and Others. Based on vehicle type, the market is divided into Passenger Car and Commercial Vehicle. The commercial vehicle is further fragmented into Light Commercial Vehicle and Heavy Commercial Vehicle. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
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North America is expected to account for the major market share in the global automotive interior market, hence dominating the global market throughout the forecast period. This is attributable to market dynamics like technological advancements, economic feasibility of premium vehicles, higher dependence on automotive for personal transport, as well as strict regulatory standards regarding fuel-economy. Asia Pacific region is expected to grow at the highest CAGR, accounting for a notable market share, owing to advancement in in-vehicle infotainment, rise in the demand for passenger vehicles, willingness of consumers to spend on premium interiors as well as substantial increase in the number of manufacturing facilities in this region.
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