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Automotive Headliner (OE) Market 2024: Key Trends and Growth Opportunities
Automotive Headliner (OE) Market 2024
According to The Business Research Company's, The automotive headliner (oe) market size has grown strongly in recent years. It will grow from $12.34 billion in 2023 to $13.05 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to regulatory standards, consumer preferences, cost pressures, global automotive production trends, supply chain dynamics.
The automotive headliner (oe) market size is expected to see strong growth in the next few years. It will grow to $16.26 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to lightweight materials demand, electrification trends, integration of smart features, sustainability focus, adaptation to autonomous driving, global economic outlook. Major trends in the forecast period include advanced manufacturing technologies, customization and personalization, integration of smart technologies, regulatory compliance and safety standards, material innovation.
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Market Drivers and Trends:
The rise in sales of luxury cars is expected to propel the automotive headliner (OE) market growth going forward. Luxury cars refer to cars that are manufactured by luxury automakers with high-end performance capabilities, lavish interiors, and safety and technology features that are not available in lower-priced cars. Headliners are used in luxury cars for providing noise-proof interiors and aesthetic interior looks, so the rise in sales of luxury cars will help in the growth of the market. For instance, in 2021, according to BMW Group, a German-based manufacturer of performance luxury vehicles and motorcycles, global sales increased by 8.4% to 2,521,525 BMW, MINI, and Rolls-Royce brand vehicles. Further, BMW brand cars reported an all-time global sales high of 2,213,795 units in 2021. Therefore, the rise in sales of luxury cars is driving the growth of the automotive headliner (OE) market.
Product innovation is a key trend gaining popularity in the automotive headliner (OE) market. Major companies operating in the automotive headliner (OE) market are focused on developing new technological solutions to strengthen their position. For instance, in November 2021, Grupo Antolin, a Spain-based manufacturer of interior car components, launched the industry's first ""Polyurethane (PU) Headliner Substrate"" by thermoforming PU foam. It is uniquely designed with a wet PU process that involves materials made from urban and post-consumer plastic waste and end-of-life tires. The headliner weight has been reduced by approximately 50%, and it has been introduced in a fully electric European premium car. The substrate is expected to reduce waste and energy consumption in manufacturing and meet the demand for eco-friendly interiors.
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Major Key Players of the Market:
Adient Plc; Atlas Roofing Corporation; Freudenberg Performance Materials Holding SE & Co. KG; Grupo Antolin S.A.; Harodite Industries Inc.; Howa-Tramico SA; IAC Group; Industrialesud S. p. A; Lear Corporation; Motus Integrated Technologies LLC; SMS Auto Fabrics Inc.; Sage Automotive Interiors Inc.; Toyota Boshoku Corporation; UGN Inc.; Toray Plastics Inc.; International Automotive Components Group LLC; Johns Manville Corporation; Borgers SE & Co.KGaA; Kasai Inc.; Sumitomo Riko Company; Industrial Summit Technology Corporation; Nihon Tokushu Toryo Co. Ltd.; Yanfeng Automotive Interiors; Hayashi Telempu Corporation; InterActiveCorp.; Oracle Lighting Technologies; Glen Raven Inc.; Cindus Corporation; IMR-Industrialesud Spa; Inteva Products LLC
Automotive Headliner (OE) Market 2024 Key Insights:
• The automotive headliner (oe) market will grow to $16.26 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%.
• Luxury Car Sales Surge Fuels Expansion In The Automotive Headliner (OE) Market
• Pioneering Technological Solutions In The Automotive Headliner (OE) Market
• North America was the largest region in the automotive headliner (OE) market in 2023
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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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