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Automotive Interior Market Size, Trends And Analysis Report 2024

06-18-2024 07:09 AM CET | Logistics & Transport

Press release from: The Business research company

Automotive Interior Market Size

Automotive Interior Market Size

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Automotive Interior 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 $202.78 billion In 2028 At A CAGR Of 7.1% :

The automotive interior market size has grown strongly in recent years. It will grow from $144.63 billion in 2023 to $154.36 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to increased consumer demand for advanced infotainment systems, growth in the automotive industry with a focus on in-car connectivity, adoption of advanced driver assistance systems (adas), stringent safety regulations driving the integration of smart displays, growing demand for enhanced safety, comfort, and convenience in automobiles.

The automotive interior market size is expected to see strong growth in the next few years. It will grow to $202.78 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to rapid adoption of oled panels, rising production of passenger cars and commercial vehicles, growth of the high-end and luxury car segments, expansion of the connected car ecosystem, surge in demand for electric and autonomous vehicles . Major trends in the forecast period include digital cockpits, minimalist interior designs, integration of smart lighting systems, enhanced seating comfort and ergonomics, in-car biometric systems.

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Automotive Interior Market Major Segments
The automotive interior market covered in this report is segmented -
1) By Vehicle Type: Passenger Car, Commercial Vehicle
2) By Component: Infotainment System, Instrument Panels, Interior Lighting, Body Panels, Other Components
3) By Application: Dashboard, Seats, Airbags and Seat Belts, Door Panel and Trims, Carpet and Headliners

Key Driver - Surging Demand For Luxury Vehicles Fueling Growth In The Automotive Interior Market

Growing demand for luxury vehicles is expected to propel the growth of the automotive interior market going forward. Luxury vehicles refer to a vehicle that has high-end features that go above and beyond the usual necessities. These vehicles have more luxurious interiors, superior performance capabilities, and the latest safety and technological features due to the use of automotive interiors. For instance, according to the Federation of Automobile Dealers Associations, an India-based automobile association, for the year 2021, 24,009 luxury cars were sold in India within a period of 12 months. In addition, Italian automobile maker Lamborghini also recorded 142% year-over-year growth in India. Therefore, an increase in demand for luxury vehicles is driving the growth of the automotive interior market.

Customise This Report As Per Your Requirements -
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Prominent Trend - Mycoworks' Strategic Investment Revolutionizes Automotive Interiors With Gm Ventures

Strategic investments have emerged as the key trend gaining popularity in the automotive interiors market. Major companies operating in the automotive interiors market are investing to sustain their position in the market. For instance, in October 2022, MycoWorks, a US-based biotechnology company secures strategic investment from GM Ventures, a US-based company financing growth-stage tech to develop fine mycelium materials for sustainable automotive interiors . The platform has enabled a new class of premium, non-animal materials which could have the opportunity to support GM's continued progress toward its vision of a world with zero crashes, zero emissions and zero congestion .

Automotive Interior Market Players
Major companies operating in the automotive interior market report are Adient plc, Calsonic Kansei Corporation, Faurecia SE, Hyundai Mobis Co. Ltd., Lear Corporation, Robert Bosch GmbH, Visteon Corporation, Yanfeng Automotive Interior Systems Co Ltd., Toyoda Gosei Co Ltd., Denso Corporation, ContiTech AG, Takata Corporation, Sage Automotive Interiors, SMS Auto Fabrics Inc., Tachi-S Co Ltd., Grammer AG, Grupo Antolín-Irausa SA, Panasonic Corp., Magna International Inc., Toyota Boshoku Corporation, Pioneer Corporation, JVCKenwood Corporation, Delphi Automotive PLC, Guelph Manufacturing Group, International Automotive Components Group, Johnson Controls International plc, Keiper Recaro Group, Magneti Marelli SpA, NHK Spring Co Ltd., Nifco Inc.

View The Full Report Here -
https://www.thebusinessresearchcompany.com/report/automotive-interior-global-market-report

Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the automotive interior market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive interior 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 Interior Market Report Structure
3. Automotive Interior Market Trends And Strategies
4. Automotive Interior Market - Macro Economic Scenario
5. Automotive Interior Market Size And Growth
…..
27. Automotive Interior Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

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Learn More About The Business Research Company
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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