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Emerging Trends to Reshape the Automotive Interior Market: Mycoworks' Strategic Investment Revolutionizes Automotive Interiors With Gm Ventures as a Key Influencer
Automotive Interior Market
Automotive Interior Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of the automotive interior has seen significant growth in the recent past. Its value is projected to increase from $152.18 billion in 2024 to $161.47 billion in 2025, representing a compound annual growth rate (CAGR) of 6.1%. This growth in the historical period can be associated with a surge in customer demand for high-tech infotainment systems, expansion in the automotive sector focusing on in-car connectivity, implementation of advanced driver assistance systems (ADAS), and stricter safety rules pushing the incorporation of intelligent displays. The market is also being propelled by a rising demand for improved safety, comfort, and convenience in motor vehicles.
Automotive Interior Market Size Forecast: What's the Projected Valuation by 2029?
The size of the automotive interior market is projected to experience impressive growth in the coming years, reaching $217.05 billion in 2029 with a compound annual growth rate (CAGR) of 7.7%. This expected surge can be credited to a quick acceptance of OLED panels, an upturn in manufacturing passenger and commercial vehicles, an increase in the premium and luxury car sectors, broadening of the connected car ecosystem, as well as a boost in demand for autonomous and electric vehicles. During the forecast period, the main advancements are predicted to be digital cockpits, uncluttered interior designs, smart lighting systems integration, improved seat comfort and ergonomics, along with in-car biometric technology.
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What Are the Drivers Transforming the Automotive Interior Market?
The anticipated surge in luxury vehicle demand is projected to spur the expansion of the automotive interior market. Luxury vehicles are defined as cars that are equipped with high-end features that exceed normal necessities. The interiors of such vehicles are more luxurious, and they exhibit better performance along with the most recent safety and tech features due to the inclusion of automotive interiors. For example, a report by the Australia-based automotive publisher, CarExpert Pty Ltd, in April 2023, indicated that Jaguar's F-Pace SUV is their top-selling vehicle in Australia, with 48 units sold in 2023. Maserati sold thirty-one of their Grecale SUVs within that same year. In 2023, Volvo's luxurious XC40 SUV experienced a sales growth of 18.7%, amounting to 1505 units. With this taken into account, it can be concluded that the upsurge in demand for luxury vehicles is a significant driving factor for the automotive interior market's growth.
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What Long-Term Trends Will Define the Future of the Automotive Interior Market?
The primary trend seen in the automotive interiors market is that of strategic investments. Key players in the market are funneling funds to maintain their market presence. A case in point is the US firm, MycoWorks which in October 2022 received strategic funding from GM Ventures, a US company dedicated to financing expansion-phase tech aimed at devising high-quality mycelium materials for sustainable automotive interiors. This platform has the potential to pave the way for a novel category of superior, animal-free materials that could contribute to GM's consistent strides toward a future with no accidents, no emissions, and no traffic congestion.
Which Segments in the Automotive Interior Market Offer the Most Profit Potential?
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
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Which Firms Dominate the Automotive Interior Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in the Automotive Interior Market?
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
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