Press release
Automotive Centre Console Market Size Projected To Reach $47.12 Billion By 2034 With A Cagr Of 7.2%
Automotive Centre Console Market
What Is the Projected Growth of the Automotive Centre Console Market?
In the past few years, there has been robust growth in the market size of the automotive centre console. Its size is set to increase from $33.27 billion in 2024 to $35.67 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.2%. The factors that attributed to the growth in the historic period include the emergence of modern electric vehicles, altering consumer behavior, the presence of minimal connectivity features, as well as simple storage compartments.
The market size of the automotive centre console is predicted to undergo significant expansion in the ensuing years, projecting a rise to $47.12 billion by 2029, progressing at a compound annual growth rate (CAGR) of 7.2%. This growth during the forecast period is primarily due to the increase in the production of both passenger and commercial vehicles, the thriving luxury and high-end car sectors, an expanding connected car ecosystem, and a surge in demand for autonomous and electric vehicles. The forecast period will also see major trends including integration of large-scale touchscreen displays, customizable ambient illumination, connectivity with IoT and smart home appliances, wireless device charging capabilities, as well as versatile and modular console configurations.
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What Are the Different Automotive Centre Console Market Segments?
The automotive centre console market covered in this report is segmented -
1) By Type: Touch Screen, Buttons And Controls
2) By Vehicle Type: Passenger Vehicle, Premium Cars, Compact Cars, Mid-Size Cars, Luxury Cars, SUV, Electric Vehicle
3) By Distribution: Original Equipment Manufacturer, After market
Subsegments:
1) By Touch Screen: Capacitive Touch Screens, Resistive Touch Screens, Multi-Touch Screens, Integrated Navigation Systems
2) By Buttons And Controls, Mechanical Buttons, Toggle Switches, Rotary Controls, Touch-sensitive Controls
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What Are the Primary Drivers Shaping the Automotive Centre Console Market?
The burgeoning need for electric vehicles is playing a substantial role in the expansion of the automotive center console market. Durable, reliable, and secure central control systems are essential to an electric vehicle. These center consoles in electric vehicles are utilized for navigation and touch controls. For instance, the Bureau of Labor Statistics, a U.S. department of Labor division, reported in February 2023 that electric vehicle sales in the United States are projected to account for 40% of total passenger car sales by 2030, and even more ambitious forecasts predict electric vehicle sales exceeding 50% by 2030. As such, the rising demand for electric vehicles is set to fuel the growth of the automotive center console market.
Which Companies Are Leading in the Automotive Centre Console Market?
Major companies operating in the automotive centre console market include AGM Automotive LLC, Alps Electric Co. Ltd., Calsonic Kansei Corp., Continental AG, Delphi Automotive plc, Emerson Electric Co., Faurecia SA, Hyundai Mobis Co, Johnson Controls Inc., Lear Carporation, MVC Holdings LLC, Novem Car Interior Design, Yanfeng International Automotive Technology Co. Ltd., Draxlmaier Group, Grammer AG, Magna International Inc., Toyota Boshoku Corporation, Novares Group SA, Langfang Huaan Automobile Equipment Co. Ltd., Visteon Corporation, Inteva Products LLC, Grupo Antolin Irausa SA, Tachi-S Co. Ltd., International Automotive Components Group, F S Fehrer Automotive GmbH, Adient plc, Brose Fahrzeugteile GmbH & Co. KG, Schaeffler AG, Robert Bosch GmbH, Kasai Kogyo Co. Ltd., Shiroki Corporation
What Are the Major Trends Shaping the Automotive Centre Console Market?
The emergence of cutting-edge technology in touch screens is an influential trend gaining traction in the automotive central console market. Prominent firms in the industry are concentrating on creating innovative tech solutions to solidify their market stance. For instance, in September 2023, Grammer AG, an automotive and car interiors manufacturer from Germany, unveiled an automated central console for the rear seat of the HiPhi X electric SUV. This console featured a display holder, smartphone compartments, cup holders, and two pull-out tables concealed under a butterfly armrest. The appeal lies not only in its superior level of craftsmanship and semi-aniline leather upholstery but also in exceptional features such as magnetic inserts on cup holders in the two table surfaces for securely holding glasses.
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What Are the Top Revenue-Generating Geographies in the Automotive Centre Console Market?
Asia-Pacific was the largest region in the automotive center console market in 2024.Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive center console 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 Centre Console Market?
2. What is the CAGR expected in the Automotive Centre Console Market?
3. What Are the Key Innovations Transforming the Automotive Centre Console Industry?
4. Which Region Is Leading the Automotive Centre Console Market?
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