Press release
Automotive Interior Market Global Outlook 2021 – 2030
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https://www.nextmsc.com/report/automotive-interior-market
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 Corporation and others.
Market Dynamics and Trends
The global automotive interior market is proliferating due to advancements in in-vehicle infotainments, increasing focus on safety of the drivers, inclination towards fuel-efficient light weight models, growing demand for premium vehicles with luxurious automotive interiors, advancements in product technology as well as modernizing automotive infrastructures.
Besides, benefits such as enhanced safety features, advanced global position system (GPS), in-vehicle equipped advanced gadgets and growing use of AI as well as IoT at different levels in the automotive; tend to provide ultimate driving experiences. These advanced features of automotive interiors incline towards supplementing the growth of the global automotive interior market throughout the forecast period.
However, higher costs of raw materials, growth in trade war, increase in automotive import tariffs, and lack of efficient recycling processes, restrict the growth of the automotive interior market.
Moreover, untapped developing markets in the emerging economies, growing demands for premium segment vehicles, advanced technology adoption by market players as well as economic growth at the global level, are the factors projected to create lucrative opportunities in the global automotive interior market in coming future.
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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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E-mail: info@nextmsc.com
About Next Move Strategy Consulting:
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
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