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Automotive Central Console Market to Garner Massive Recognition in the Years to Come

04-03-2018 11:31 AM CET | IT, New Media & Software

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Automotive Central Console Market to Garner Massive

Driving is an essential though complex and perilous task as even a slight distraction caused to the driver can lead to a mishap. This is particularly true when dealing with driving as a professional task. The driving is based on an analysis of the devices that improve driving practice, and at the same time, by improving the ergonomics and the interaction with the central console. It thereby reduces the possibility of distraction, helping the driver to focus on driving, thus making it a pleasant experience for him. The need for fast, efficient, and independent mobility in everyday life makes automobile the preferred means of transport in the world.

As a matter of fact, most of the users spend long periods of time inside their cars, making way for bringing inside the vehicle and making combinations of new secondary functions that were unthinkable of being applied out of their original environments. These new aspects created a shift in the disposition of automobiles from a simple means of transportation to an extension of the other spaces where we live in. Beyond the simple features such as air temperature optimization, radio, or other accessories, there are several new technologies that have invaded the environment of the automobile driver, such as allowing him the access to internet and function on the onboard computer in the same way as any personal computer. Companies have constantly been developing high-quality products with enhanced features. This is in line with the increase in demand for customized and technologically automotive central console.

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The global automotive central console market can be segmented based on component, vehicle, electrical vehicle, and region. Based on component, the automotive central console market can be divided into HVAC, navigation, audio system, park assistance system, and video display. In terms of value, the HVAC segment is projected to account for major share of the automotive central console market in the near future. The average distance traveled by a person has increased over the years. This has significantly boosted the need for controls inside car temperature, humidity, air flow, and convenience. Consumers are willing to spend more money in order to obtain high-quality products in the automotive central console market. In terms of vehicle, the automotive central console market can be classified into passenger vehicle, light commercial vehicle, and heavy commercial vehicle.

The passenger vehicle segment is expected to account for the key share of the automotive central console market, followed by light commercial vehicle and heavy commercial vehicle segments during the forecast period. Based on electric vehicle, the automotive central console market can be segregated into battery vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle. Continuous promotion and support by the government toward the usage of green energy is expected to drive the market for electrical vehicle during the forecast period. The hybrid electric vehicle segment constitutes a larger share of the global market than the battery electric vehicle or the plug-in hybrid electric vehicle segment.

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Based on geography, the global automotive central console market can be split into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is the dominant market for the automotive sector. India, China, and Japan account for the leading share owing to the increase in production of vehicles in these countries. Furthermore, increase in expenditure on road infrastructure and rise in manufacturing activities in Asia Pacific are expected to augment the demand for commercial and passenger vehicles. This, in turn, is anticipated to boost the automotive central console market during the forecast period.

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Key players operating in the global automotive central console market are Faurecia, GRAMMER AG, Magneti Marelli S.p.A., Rampage Products, TSI Products, Inc., PLASTIKON INDUSTRIES, INC., Heartland Automotive LLC, and Sanko Gosei.

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

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