Press release
North America Automotive Armrest Market to Surge by 2032 - Key Drivers & Growth
North America Automotive Armrest Market
Some of the Top Leading Key Players:
• Lear Corporation (U.S.)
• Accuride Corporation (U.S.)
• Inteva Products (U.S.)
• Adient (U.S.)
• Gentex Corporation (U.S.)
• ABC Group (Canada)
• BOS Automotive Products (Germany)
• Grammer AG (Germany)
• Faurecia (France)
• Johnson Controls International (Ireland)
• Sumitomo Metal Industries (Japan)
• Yanfeng Johnson Controls (China), and Other Active Players
North America Automotive Armrest Market Size Was Valued at USD 542 Million in 2023, and is Projected to Reach USD 614.24 Million by 2032, Growing at a CAGR of 1.4% From 2024-2032.
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Automobiles are vehicles that feature automotive armrests, created for drivers to support their hands or hide important items for convenient access while operating the vehicle. Included in its attributes are the specific functions of a non-essential vehicle, cup holder, and ample space. The car's foldable backseat armrest serves two purposes: it allows for a third passenger and offers support to those wanting to nap on their side. This feature is only present in luxury vehicles.
The North America Automotive Armrest Market is driven by an increase in vehicle manufacturing and sales, demand for rental vehicles, after-market requirements, and a growing emphasis on vehicle aesthetics.
Segmentation Analysis of the North America Automotive Armrest Market
By Type
• Passenger Vehicles
• Commercial Vehicles
By Material
• Wood
• Plastic
• Steel
• Aluminium
• By Sales Channel
• Aftermarket
• OEMs
North America Automotive Armrest Market Trend Analysis
Rise in the production and sales of new vehicles
• The expectation is that the longer road trips will result in a greater market for automotive armrests. The automotive armrest sector is flourishing because of the increasing demand for armrests from original equipment manufacturers (OEMs), driven by the rising production and sales of new cars. A growing car rental sector and a focus on vehicle interior design are expected to propel the North America Automotive Armrest Market moving forward.
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Key Industry Developments in the North America Automotive Armrest Market:
In May-2023, Grammer AG proudly announces its collaboration with BMW Group to develop the center armrest for the new BMW i7 model. This innovative partnership showcases Grammer's expertise in delivering premium, ergonomic solutions tailored to the needs of modern luxury vehicles. The center armrest, designed with a focus on comfort and functionality, reflects both companies' commitment to excellence and cutting-edge technology.
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Benchmark Against Key Competitors: Use benchmarking to compare your business's performance against leading competitors, identifying areas for improvement and potential competitive advantages.
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Strategic Points Covered in Table of Content of North America Automotive Armrest Market:
Chapter One: Introduction
Chapter Two: Executive Summary
Chapter Three: North America Automotive Armrest Market Landscape
Chapter Four: North America Automotive Armrest Market by Type
Chapter Five: North America Automotive Armrest Market by Application
Chapter Six: Company Profiles and Competitive Analysis
Chapter Seven: Global North America Automotive Armrest Market by Region
Chapter Eight: Analyst Viewpoint and Conclusion
Chapter Nine: Research Methodology
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At Introspective Market Research Private Limited, we are a forward-thinking research consulting firm committed to driving our clients' growth and market dominance. Leveraging cutting-edge technology, big data, and advanced analytics, we provide deep insights and strategic solutions that enable our clients to stay ahead in a competitive landscape. Our expertise spans across comprehensive Market Research Reports, Holistic Market Insights, Macro-Economic Analysis, and tailored Go-to-Market (GTM) Strategies. Through our Consulting Services and AI-Driven Solutions, we empower businesses to navigate challenges and achieve their objectives. Additionally, we offer Product Design and Prototyping support and Flexible Staffing Solutions to meet evolving industry demands. Our IMR Knowledge Cluster ensures continuous learning and innovation, guiding our clients toward sustainable success.
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