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Automotive Interiors Market to Grow at 4.7% CAGR by 2025 | Adient, IAC Group, Lear Corporation, Robert Bosch

10-30-2024 03:47 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Automotive Interiors Market

Automotive Interiors Market

According to the report, the global automotive interiors market was pegged at $17.1 billion at 2017 and is expected to manifest $29.35 billion by 2025, registering a CAGR of 4.7% from 2017 to 2025.

Focus on the overall better driving experience is causing the growth in the market. However, cold trade war, high import duties, expensiveness of raw materials, and low fuel efficiency of vehicles are some challenges hindering the growth of the global automotive interiors market.

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The Automotive Interiors market refers to the design, materials, and technologies that make up the interior space of vehicles, focusing on the comfort, aesthetics, and functionality for drivers and passengers. This includes seating, dashboards, infotainment systems, steering wheels, lighting, and control panels. Innovations in this area aim to enhance user experience through advanced materials (such as eco-friendly and sustainable fabrics), smart technology integration (touchscreen controls, ambient lighting), and comfort features (adjustable seats, climate control).

As consumer demand for convenience and connectivity grows, the automotive interiors market increasingly incorporates features such as voice controls, digital displays, and advanced driver-assistance systems (ADAS).

The Automotive Interiors Market is expanding due to a growing demand for improved in-car experience and comfort, integrating advancements in materials, design, and technology. Key trends include the use of sustainable and lightweight materials to enhance fuel efficiency, increasing focus on digital interfaces and infotainment systems, and the adoption of smart surfaces and ambient lighting.

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Additionally, the shift toward electric and autonomous vehicles is driving the need for reimagined interior layouts, such as rotating seats and more versatile cabin configurations. The market sees strong contributions from sectors like premium seating, in-vehicle connectivity, and user-friendly control systems.

The global automotive interiors market is segmented into vehicle type, component, and region. The vehicle type is bifurcated into passenger cars and commercial vehicles, which is further categorized in light and heavy vehicles. The passenger car segment held the largest share in 2017, accounting for over half of the market share.

Based on components, the market is classified into automotive seat, cockpit module, door panel, flooring, interior lighting, and others. The automotive seat segment dominated the market in terms of revenue in 2017, contributing nearly half of the total share. However, the interior lighting segment is projected to manifest the fastest CAGR of 7.5% during the forecast period.

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Geographically, Asia Pacific held the largest share in automotive interiors market in 2017, due to continuous developments, rising production of passenger and heavy commercial vehicles, high adoptive rate for infotainment, and better standards of driving experience. Untapped developing markets of Africa and Asia provide huge growth opportunities for the market leaders and stakeholders.

The report is inclusive of the key players operating in the global automotive interiors market. They include Adient, Calsonic Faurecia Interior System, Kansei Corp., Grupo Antolin, Hyundai Mobis Company, IAC Group, Lear Corporation, Robert Bosch, Visteon Corporation, and Yanfeng Automotive Interiors.

Access the full summary at: https://www.alliedmarketresearch.com/automotive-interiors-market

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

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