Press release
Evolving Market Trends In The Automotive Interior Industry: Mycoworks' Strategic Investment Revolutionizes Automotive Interiors With Gm Ventures
Automotive Interior
What Is the Expected Automotive Interior Market Size During the Forecast Period?
Over the past few years, the valuation of the automotive interior market has seen a significant increase. It is predicted to rise from $152.18 billion in 2024 to $161.47 billion in 2025, at a compound annual growth rate (CAGR) of 6.1%. The historical growth in this market is largely due to greater consumer interest in state-of-the-art infotainment systems, expansion in the automotive industry with a particular emphasis on in-vehicle connectivity, implementation of advanced driver assistance systems (ADAS), strict safety rules leading to the incorporation of smart displays, and a rising demand for improved safety, comfort, and convenience in automobiles.
In the coming years, the size of the automotive interior market is projected to experience robust growth. Anticipated to escalate to a value of $217.05 billion by 2029, the market will observe a compound annual growth rate (CAGR) of 7.7%. Factors such as the fast adoption of OLED panels, an increase in the production of both passenger cars and commercial vehicles, and the development of luxury and high-end car segments are contributing to the growth within this projection period. Furthermore, the broadening of the connected car ecosystem and a surge in the demand for autonomous and electric vehicles is positively influencing the market. Notable trends during this forecast period are digital cockpits, designs that lean towards minimalism, the integration of intelligent lighting systems, improved comfort and ergonomics of seating, and biometric systems within the car.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7012
What Are the High-Growth Segments in the Automotive Interior Market?
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
Subsegments:
1) By Passenger Car: Compact Cars, Sedans, SUVs, Hatchbacks, Luxury Cars
2) By Commercial Vehicle: Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs), Buses And Coaches, Trucks
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7012&type=smp
What Key Drivers Are Expected to Influence Future Automotive Interior Market Growth?
The automotive interior market is anticipated to thrive due to the rising demand for luxury automobiles. Luxury cars are distinguished by high-end features that exceed basic requirements, providing lavish interiors, excellent performance, and the most recent safety and tech features courtesy of automotive interiors. Take for instance, a report from CarExpert Pty Ltd in April 2023, an automobile publication based in Australia, stated that Jaguar F-Pace SUV is the leading seller in the country with 48 units sold in 2023. Similarly, Maserati has sold 31 Grecale SUVs in the same year, and Volvo's XC40 luxury SUV sales have grown by 18.7% in 2023, amounting to 1505 units. Hence, the surge in luxury car demand is significantly contributing to the expansion of the automotive interior market.
Which Companies Hold the Largest Share Across Different Automotive Interior Market Segments?
Major companies operating in the automotive interior market include 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.
What Trends Are Driving Growth in The Automotive Interior Market?
The automotive interiors market is witnessing a surge in strategic investments, marking a significant trend. Major firms in this sector are bolstering their market standing through investments. For example, MycoWorks, an American biotech firm, received a strategic investment from GM Ventures in October 2022. GM Ventures, also based in the US, funds growth-stage technology to create fine mycelium materials for sustainable automotive interiors. This platform has crafted a new category of premium, non-animal materials that could potentially aid GM's ongoing progress towards its goal of achieving zero crashes, zero emissions, and zero congestion.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/automotive-interior-global-market-report
What Are the Emerging Geographies for The Automotive Interior Market Growth?
Asia-Pacific was the largest region in the automotive interior market in 2024. 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Interior Market?
2. What is the CAGR expected in the Automotive Interior Market?
3. What Are the Key Innovations Transforming the Automotive Interior Industry?
4. Which Region Is Leading the Automotive Interior Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Evolving Market Trends In The Automotive Interior Industry: Mycoworks' Strategic Investment Revolutionizes Automotive Interiors With Gm Ventures here
News-ID: 3951666 • Views: …
More Releases from The Business Research Company
C-X-C Chemokine Receptor Type 2 Market on Track for Strong Growth, Estimated to …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the C-X-C Chemokine Receptor Type 2 Market Through 2025?
There has been a significant expansion in the market for C-X-C chemokine receptor type 2 in the past few years. The market is projected to increase from $1.24 billion in 2024 to $1.38 billion…
Top Market Shifts Transforming the Coenzyme Q10 Market Landscape: Key Insights
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Coenzyme Q10 Market Through 2025?
The market size of coenzyme Q10 has seen impressive expansion in the past years, with predictions stating an increase from $0.74 billion in 2024 up to $0.84 billion in 2025, implying a compound annual growth rate (CAGR)…
2025-2034 Chimeric Antibody Market Evolution: Disruptions, Innovations, and Unta …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Chimeric Antibody Market Through 2025?
In recent times, there has been a swift expansion in the chimeric antibody market size. We can expect an increase from $12.27 billion in 2024 to $13.74 billion in 2025, reflecting a compound annual growth rate (CAGR)…
2025-2034 Chimeric Antibody Market Evolution: Disruptions, Innovations, and Unta …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Chimeric Antibody Market Through 2025?
In recent times, there has been a swift expansion in the chimeric antibody market size. We can expect an increase from $12.27 billion in 2024 to $13.74 billion in 2025, reflecting a compound annual growth rate (CAGR)…
More Releases for Auto
Auto Leads: Revolutionizing Lead Generation for Auto Detailers
Auto Leads, a digital marketing company specializing in helping auto detailers grow their businesses, has quickly become a leader in lead generation for the industry. Founded by Austin Kennedy, a former auto detailer with three years of hands-on experience, Auto Leads offers a solution to help detailers attract high-quality customers, particularly for premium services like Ceramic Coating.
What Auto Leads Is
Auto Leads focuses on digital marketing solutions for auto detailing businesses,…
Winter Park Auto Repair: Cech Auto Unveils Auto Repair Financing, Expert Service …
Image: https://www.getnews.info/wp-content/uploads/2024/10/1730165920.png
Cech Auto announces the launch of flexible auto repair financing, offering Winter Park customers accessible payment solutions for essential vehicle maintenance and repairs.
A leading Winter Park auto repair [https://www.cechauto.com/] shop, Cech Auto unveils its new auto repair financing option, providing customers with flexible payment solutions for all repair services. With competitive financing plans available, Cech Auto makes essential vehicle maintenance and repairs more accessible, ensuring that customers can address…
Auto Locksmith America Revolutionizes Auto Locksmith Services Nationwide
Newsdesk, March 22, 2024 - Auto Locksmith America Revolutionizes Auto Locksmith Services Nationwide Employing state-of-the-art tools and technology, the company ensures a seamless, hassle-free experience for clients.
Auto Locksmith America, a prominent auto locksmith company headquartered in Mississippi, unveils its latest suite of services and enticing offers tailored to cater to a spectrum of auto locksmith needs. With nearly 14 years of steadfast service, the company stands as a beacon of…
Auto Chess Game Market | Auto Chess, Dota Auto Chess, Hearthstone, Honor Of King …
The global auto chess game market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the auto chess game market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
E-Commerce Automotive Aftermarket | (Flipkart, eBay, Auto Zone, Advance Auto Par …
The growing emergence of creative business models is one of the pivotal factors propelling e-commerce automotive aftermarket industry share. At present, the store, brokerage, and social commerce models have been intensely contributing toward the growth of online commerce. Taking into account the growing popularity of electronic commerce across the automotive sector, many giants in e-commerce automotive aftermarket have been making heavy investments to enhance their storage capacity by developing new…
Auto Driveaway Provides Reliable and Safe Auto Shipping Services
FOR IMMEDIATE RELEASE
Philadelphia, PA: Recently, Auto Driveaway has been awarded for being one of the most reliable and secure auto shipping companies in the country by renowned entities. The company has more than 40 offices across the country that helps to track and update every detail about the consignment. Every delivery is managed professionally resulting in scheduled delivery without providing any damage, dent or issues to the vehicle.
The company provides…
