Press release
Automotive Centre Console Market to Surpass $45.54 Billion by 2029 | Key Trends & Insights
Automotive Centre Console Market
How Will the Automotive Centre Console Market Grow by 2025 in Terms of Size and Growth?
The size of the automotive centre console market has seen robust growth in recent periods. The market is projected to expand from a value of $33.27 billion in 2024 to $35.21 billion in 2025, generating a compound annual growth rate (CAGR) of 5.8%. Factors contributing to this historic growth trend include the emergence of modern electric vehicles, shifting consumer behaviours, constrained connectivity features, and basic storage compartments.
What Are the Estimated Growth Rates for the Automotive Centre Console Industry Through 2029?
Over the coming years, the automotive centre console market is predicted to experience substantial growth, set to reach a value of $45.54 billion in 2029, displaying a compound annual growth rate of 6.6%. This prospective growth within the forecast period can be credited to an increase in passenger car and commercial vehicle production, the prosperous luxury and high-end car segments growth, the expanded connected car ecosystem, and a rise in demand for electric and autonomous vehicles. The forecast period is expected to see notable trends including the integration of large touchscreen displays, customizable ambient lighting, compatibility with IoT and smart home devices, device wireless charging, and multifunctional and modular console designs.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/automotive-centre-console-global-market-report
What Are the Strategic Drivers Boosting Automotive Centre Console Market Performance?
The automotive center console market is experiencing substantial growth due to the escalating demand for electric vehicles. Center control systems, which are vital components of electric cars, are designed to be safe, secure, and sturdy. These centre consoles are utilized for navigation and touch controls in electric vehicles. For example, in February 2023, the Bureau of Labor Statistics, an agency within the United States Department of Labor, released an article predicting that by 2030, electric vehicle sales in the United States are anticipated to account for 40% of total passenger car sales. Some even more positive forecasts predict that electric vehicle sales could exceed 50% by 2030. Therefore, the surging demand for electric vehicles is propelling the automotive center console market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5718&type=smp
What Are the Segments in the Automotive Centre Console Market?
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
What Are the Key Adoption Trends in the Automotive Centre Console Market?
The emergence of innovative touchscreen technology is predominantly trending in the automotive center console market. Major market players are channeling efforts into the development of new technologies to cement their standing in the industry. For example, in September 2023, Grammer AG, an automobile and car interior manufacturer hailing from Germany, introduced an automated center console designed specifically for the HiPhi X electric SUV's rear bench. The console, which features a display holder, smartphone trays, cup holders, and two fold-out tables concealed beneath a butterfly armrest, is noteworthy for its high-end craftsmanship and semi-aniline leather upholstery. It also incorporates sophisticated attributes such as cupholders in the two table surfaces enhanced with unique magnetic inserts to securely hold the glasses.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=5718&type=smp
Which Companies Lead the Competitive Landscape of the Automotive Centre Console Industry?
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
Where Are the Key Automotive Centre Console Market Opportunities by Region?
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
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
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@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 Automotive Centre Console Market to Surpass $45.54 Billion by 2029 | Key Trends & Insights here
News-ID: 4172838 • Views: …
More Releases from The Business Research Company
Automotive Relay Industry Expected to Reach $24.75 Billion by 2029 at 7.5% CAGR
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Automotive Relay Market Value Projection: How Much Will the Market Size by 2025?
In the past few years, there has been a significant expansion in the automotive relay market. This market is projected to escalate from $17.56 billion in 2024 to $18.53 billion in 2025, with a compound annual growth rate…
Automotive Turbochargers Industry to Achieve $22.24 Billion Growth by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Automotive Turbochargers Market Grow by 2025 in Terms of Size and Growth?
The market size for automotive turbochargers has seen a robust expansion in the recent past. It is projected to rise from $15.47 billion in 2024 to $16.47 billion in 2025, with a compound annual growth rate (CAGR)…
48 Volt Battery System Market Analysis: $13.79 Billion by 2029 With a CAGR of 25 …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
48 Volt Battery System Market Value Projection: How Much Will the Market Size by 2025?
The market size of the 48-volt battery system has experienced considerable expansion in the past few years. Expert estimates suggest it will progress from $4.37 billion in 2024 to $5.51 billion in 2025, reflecting a compound…
Global Automotive Exhaust Systems Market Expansion at 6.9% CAGR, Valued at $57.6 …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Automotive Exhaust Systems Market Size Forecast for 2025?
The growth in the automotive exhaust systems market has been constant over recent years. The market is projected to expand from a worth of $42.3 billion in 2024 to about $44.21 billion in 2025, with a compound annual growth…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
