Press release
Driving Forward: Automotive Overhead Console Market Trends, Size Surge, and Prominent Growth Drivers
Automotive Overhead Console Global Market Report 2024
The Business Research Company offers in-depth market insights through Automotive Overhead Console Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The automotive overhead console market size has grown strongly in recent years. It will grow from $38.46 billion in 2023 to $40.42 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to consumer demand for advanced features, rising focus on interior aesthetics, integration of infotainment system, luxury vehicle segment growth, regulatory emphasis on safety and convenience.
The automotive overhead console market size is expected to see strong growth in the next few years. It will grow to $49.24 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to rise of electric and autonomous vehicles, increased integration of touchscreen displays, growing customization and personalization, focus on sustainable materials, connected car ecosystem development, ergonomics and user experience optimization. Major trends in the forecast period include integration of advanced electronics, adoption of smart lighting systems, focus on interior aesthetics and design, integration of driver assistance features, customization and personalization options.
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Market Segmentation:
The automotive overhead console market covered in this report is segmented -
1) By Console Type: Front End Console, Rear End console
2) By Technology: Electro-Mechanical, Capacitive, Display
3) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Trucks, Buses and Coach
4) By Sales Channel: Original Equipment Manufacturer (OEM), After Market
5) By Application: Vehicle Telematics, Infotainment, HVAC, Sunroof, Driver Monitoring, eCell, Airbag Control, Microphone, Lighting, Other Applications
Major Driver - Surge In International Demand For Passenger Vehicles Drives Growth In The Automotive Overhead Console Market
The increasing demand for passenger vehicles internationally is expected to propel the growth of the automotive overhead console market going forward. A passenger vehicle is a multi-track automobile with at least two axles, its driver or is automatically propelled and commonly has four or more wheels. Automotive overhead consoles are utilized to conceal small objects for quick access in passenger automobiles. It is attached to the roof to help with navigation. For instance, in January 2023, according to a report shared by The European Automobile Manufacturers Association, a Belgium-based main lobbying and standards group for the automobile industry in the European Union, the number of new car registrations in the EU increased by 12.8% in December 2022, making it the year's sixth month of continuous growth. The German and Italian auto markets also had double-digit growth in 2022, with gains of 38.1% and 21.0%, respectively. Therefore, the increasing demand for passenger vehicles internationally is driving the growth of the automotive overhead console market.
Competitive Landscape:
Major companies operating in the automotive overhead console market report are Continental Automotive Systems, Diamay Automative interior Co. Ltd., Gentex Corporation, Grupo Antolín, International Automotive Components Group LLC, Johnson Controls International PLC, LS Automotive India Pvt. Ltd., Meghna International Inc., Methode Automotive Solutions, Plastic Omnium SA, Yanfeng Automotive Interiors, AGM Automotive LLC, Valeo SA, Flex Ltd., Motus Integrated Technologies, Nifco KTS GmbH, Toyota Boshoku Corporation, JPC Automotive Co. Ltd., Magna International Inc., Hella GmbH & Co. KGAA, Diamond Coatings Inc., Kojima Industries Corporation, Visteon Corporation, Lear Corporation, Faurecia, Harman International Industries Inc., Calsonic Kansei Corporation, Delphi Automotive LLP, Magneti Marelli S.p.A., Panasonic Corporation, Pioneer Corporation, Robert Bosch GmbH, Denso Corporation .
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Top Trend - Redefining Overhead Console Systems With Technological Advancements In The Automotive Market
Technological advancement is a key trend gaining popularity in the automotive overhead console market. Major companies operating in the automotive overhead console market are focused on developing innovative solutions to strengthen their position in the market. For instance, in November 2022, Grupo Antolin-Irausa S.A., a Spain-based automobile company, introduced an Innovative Upper Trim concept, a simple and humanized design for overhead console systems. This technology's distinctive features include a variety of decorative materials, a closed headliner or a panoramic glass roof, as well as a redefined overhead console with capacitive switches and retractable sun visors. Additionally, it contains color temperature control and audio systems.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automotive Overhead Console Market Characteristics
3. Automotive Overhead Console Market Trends And Strategies
4. Automotive Overhead Console Market - Macro Economic Scenario
5. Automotive Overhead Console Market Size And Growth
…..
27. Automotive Overhead Console Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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