Press release
Automotive Cup Holder Market Report 2024: Strategies And Recent Developments | Nifco Inc., Dorman Products Inc., Whitecap Industries, Covercraft Industries LLC, Gamber-Johnson LLC, Fia Inc., Jvis USA LLC, Hansshow Technology Co. Ltd., Lloyd mats Automotiv
Automotive Cup Holder Market
The Business Research Company offers in-depth market insights through Automotive Cup Holder 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 cup holder market size has grown strongly in recent years. It will grow from $2.43 billion in 2023 to $2.59 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to changing consumer lifestyles, rise in out-of-home activities, integration of beverages in commuting, competitive automotive market, consumer expectations for convenience, increased focus on interior comfort, growing trend of drive-through services..
The automotive cup holder market size is expected to see strong growth in the next few years. It will grow to $3.22 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to rising preference for suvs and crossovers, expansion of ride-sharing and mobility services, focus on interior aesthetics, customization and personalization trends, innovative cup holder designs.. Major trends in the forecast period include integration of smart cup holder features, development of expandable and adjustable cup holder designs, introduction of cup holders with built-in hydration systems, development of integrated multi-functional console designs, adoption of easy-cleaning and hygienic cup holder materials..
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Market Segmentation:
The main types of automotive cup holders are fixed cup holders, folding cup holders, removable cup holders, and built-in cup holders. Fixed cup holders are stationary or non-adjustable compartments or receptacles designed to hold beverage cups, bottles, or other items securely within a vehicle, typically an automobile. The various materials include plastic cup holders, metal cup holders, and synthetic fiber cup holders with various technologies such as total internal reflection technology, 360-degree spin technology, and controlled temperature technology. These are used by various vehicle types such as passenger cars, commercial vehicles, and others.
Major Driver - Increasing Demand For Commercial Vehicles Drives The Growth Of The Automotive Cup Holder Market
The increasing demand for commercial vehicles is expected to propel the growth of the automotive cup holder market going forward. Commercial vehicles are vehicles that are primarily used for business or commercial purposes and are designed and equipped to transport goods, and passengers or perform specific tasks related to commerce, trade, or industry. Automotive cup holders in commercial vehicles are essential additions, providing both convenience and functionality to drivers and passengers during their busy journeys. For instance, in December 2022, according to the National Automobile Dealers Association, a US-based trade organization, sales of commercial trucks increased to 476,000 units, which is up 3.8% from 2021. Therefore, the increasing demand for commercial vehicles is driving the growth of the automotive cup holder market.
Competitive Landscape:
Major companies operating in the automotive cup holder market report are Nifco Inc., Dorman Products Inc., Whitecap Industries, Covercraft Industries LLC, Gamber-Johnson LLC, Fia Inc., Jvis USA LLC, Hansshow Technology Co. Ltd., Lloyd mats Automotive Products, Custom Accessories Inc., Dongguan Siteng Electronics Co. Ltd., Robeck Fluid Power Co., Bell Automotive Products Inc., OneMonroe (Monroe Engineering Products), Bracketron Inc., Great Day Inc., Landes Inc., Bestek Group Ltd., Seiko Sangyo Co. Ltd., Guangzhou Chengnz Industrial Co. Ltd., Custom Auto Trim Inc., Car Console Covers Plus, JSP Manufacturing, Paragon Plastics LLC, Maksimatic Inc., Napolex Corporation, Upmold
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https://www.thebusinessresearchcompany.com/report/automotive-cup-holder-global-market-report
Top Trend - Increasing Focus On Innovative Products Such As Removable Rear Dual Cup Holder To Provide Reliable Services To Their Customers
Major companies operating in the automotive cup holder market are focusing on developing innovative removable rear dual cup holders to provide reliable services to their customers. A removable rear dual cup holder is an automotive accessory designed to provide a convenient and secure way to hold beverages or cups in the rear seating area of a vehicle. For instance, in May 2023, Mabbette, a US-based multi-disciplinary consulting and engineering design company launched a removable rear dual cup holder. This cup holder features a lightly textured black finish for an OEM appearance that compliments factory interiors. The cup holder is foldable, allowing for easy access to the rear seats. Additionally, the inside of the water holder is designed with a non-slip lining to prevent drinks from shaking or spilling.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automotive Cup Holder Market Characteristics
3. Automotive Cup Holder Market Trends And Strategies
4. Automotive Cup Holder Market - Macro Economic Scenario
5. Automotive Cup Holder Market Size And Growth
…..
27. Automotive Cup Holder Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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