Press release
Automotive Overhead Console Industry to Achieve $49.73 Billion Growth by 2029
Automotive Overhead Console
How Will the Automotive Overhead Console Market Grow by 2025 in Terms of Size and Growth?
The market for automotive overhead consoles has seen consistent growth in its size over the past few years. It is forecasted to expand from a market worth of $39.84 billion in 2024 to $41.01 billion by 2025, growing at a compound annual growth rate (CAGR) of 2.9%. The increasing consumer preference for advanced functions, heightened attention toward interior designs, the inclusion of infotainment systems, luxury vehicle segment expansion, and regulation focus on safety and convenience have contributed to growth during the historical period.
What Are the Estimated Growth Rates for the Automotive Overhead Console Industry Through 2029?
Expectations are high for the automotive overhead console market as it anticipates consistent growth in the coming years, ballooning to $49.73 billion in 2029 with a compound annual growth rate of 4.9%. The surge within the predicted timeline can be attributed to a slew of factors like the emergence of electric and autonomous vehicles, escalating integration of touchscreen displays, increasing focus on customization and personalization, commitment towards sustainable materials, furthering the development of connected car ecosystem, focus on ergonomics, and efforts to optimize user experience. Prevailing trends in the projected period comprise advanced electronics' incorporation, adoption of intelligent lighting systems, prioritizing interior aesthetics and design, integration of driver support features,and offering customization and personalization options.
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What Are the Strategic Drivers Boosting Automotive Overhead Console Market Performance?
As global demand for passenger vehicles continues to surge, the automotive overhead console market is expected to experience substantial growth. These consoles, which are used in multifunctional automobiles that possess a minimum of two axles, four wheels, and auto-propelling drivers, serve the purpose of storing small items conveniently and facilitating navigation being roof-mounted. For example, The European Automobile Manufacturers Association, a prominent lobbying and standards organization for the car industry in the European Union based in Belgium, disclosed in a report from January 2023 that there was a 12.8% rise in new car registrations in the EU in December 2022, signifying the sixth consecutive month of growth for the year. Additionally, 2022 saw significant double-digit increases in the German and Italian vehicle markets, specifically by 38.1% and 21.0% respectively. Consequently, this rise in demand for passenger vehicles on a global scale is propelling the expansion of the automotive overhead console market.
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What Are the Segments in the Automotive Overhead Console Market?
The automotive overhead console market covered in this report is segmented -
1) By Console Type: Front End Console, Rear End console
2) By Technology: Electro-Mechanical, Capacitive, Display
3) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Trucks, Buses And Coach
4) By Sales Channel: Original Equipment Manufacturer (OEM), After market
5) By Application: Vehicle Telematics, Infotainment, HVAC, Sunroof, Driver Monitoring, eCell, Airbag Control, Microphone, Lighting, Other Applications
Subsegments:
1) By Front End Console: Integrated With Sun Visors, With Storage Compartments, With Lighting Features
2) By Rear End Console: Passenger Overhead Consoles, Integrated Entertainment Systems, With Climate Control Features
What Are the Key Adoption Trends in the Automotive Overhead Console Market?
The automotive overhead console market is seeing a surge in popularity for the trend of technological advancements. Big players in this market are zeroing in on the creation of inventive solutions to consolidate their market standing. Grupo Antolin-Irausa S.A., an automotive firm from Spain, for instance, unveiled an Innovative Upper Trim concept for overhead console systems in November 2022, which exhibits a simple and user-friendly design. The unique elements of this technology encompass a range of decorative materials, a sealed headliner or panoramic glass roof, along with a reimagined overhead console featuring capacitive switches and retractable sun visors. Additionally, it provides features such as control over color temperature and integrated audio systems.
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Which Companies Lead the Competitive Landscape of the Automotive Overhead Console Industry?
Major companies operating in the automotive overhead console market include Continental Automotive Systems, Diamay Automative interior Co. Ltd., Gentex Corporation, Grupo Antolín, International Automotive Components Group LLC, Johnson Controls International PLC, LS Automotive India Pvt. Ltd., Meghna International Inc., Methode Automotive Solutions, Plastic Omnium SA, Yanfeng Automotive Interiors, AGM Automotive LLC, Valeo SA, Flex Ltd., Motus Integrated Technologies, Nifco KTS GmbH, Toyota Boshoku Corporation, JPC Automotive Co. Ltd., Magna International Inc., Hella GmbH & Co. KGAA, Diamond Coatings Inc., Kojima Industries Corporation, Visteon Corporation, Lear Corporation, Faurecia, Harman International Industries Inc., Calsonic Kansei Corporation, Delphi Automotive LLP, Magneti Marelli S.p.A., Panasonic Corporation, Pioneer Corporation, Robert Bosch GmbH, Denso Corporation
Where Are the Key Automotive Overhead Console Market Opportunities by Region?
Asia-Pacific was the largest region in the automotive overhead console market in 2024. The regions covered in the automotive overhead console market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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