Press release
Automotive Cup Holder Market 2024 - By Industry Outlook, Future Trends, Growth Analysis And Forecast To 2033
Automotive Cup Holder Market
Automotive Cup Holder Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $3.22 billion In 2028 At A CAGR Of 5.6% :
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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Automotive Cup Holder Market Major Segments
The automotive cup holder market covered in this report is segmented -
1) By Type: Fixed Cup Holders, Folding Cup Holders, Removable Cup Holders, Built-In Cup Holders
2) By Material: Plastic Cup Holders, Metal Cup Holders, Synthetic Fibre Cup Holders
3) By Technology: Total Internal Reflection Technology, 360-Degree Spin Technology, Controlled Temperature Technology
4) By Vehicle Type: Passenger Cars, Commercial Vehicles, Other Vehicle Types
Key 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.
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Prominent 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.
Automotive Cup Holder Market Players
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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Largest And Fastest Growing Region In The Market
Europewas the largest region in the automotive cup holder market in 2023. The regions covered in the automotive cup holder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automotive Cup Holder Market Report Structure
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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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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