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Market Segmentation, Dynamics, and Competitive Landscape in the Automotive Centre Console Industry
Automotive Centre Console Market
Projected Growth and Size of the Automotive Centre Console Market
The automotive centre console market is anticipated to witness strong growth through the end of the decade, reaching a value of $48.54 billion by 2030. This corresponds to a healthy compound annual growth rate (CAGR) of 6.6%. Several factors are propelling this growth, including the increasing adoption of connected vehicles, the rise of electric vehicles, demand for smart interior features, integration of human-machine interface (HMI) systems, and a growing trend towards personalization. Key trends expected to shape the market involve the incorporation of touch-based interfaces, heightened focus on interior aesthetics, expansion of connected console functionalities, modular console designs, and customization options across various vehicle segments.
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Top Companies Leading the Automotive Centre Console Market
The competitive landscape of the automotive centre console market features numerous prominent manufacturers and suppliers. Some of the key players include AGM Automotive LLC, Alps Electric Co. Ltd., Calsonic Kansei Corp., Continental AG, Delphi Automotive plc, Faurecia SA, Hyundai Mobis Co., Johnson Controls Inc., Lear Corporation, 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, Robert Bosch GmbH, Kasai Kogyo Co. Ltd., and Shiroki Corporation.
Strategic Acquisition Strengthening Market Position
In a significant development from October 2023, ABC Technologies Holdings Inc., a Canadian company specializing in custom, technical plastics and lightweight products, acquired Plastikon Industries in a $130 million deal. This move enhances ABC's leadership in the lightweighting and plastic injection molding segment and solidifies its presence in the electric vehicle sector. Plastikon Industries, based in the US, is known for manufacturing automotive centre console assemblies. This acquisition not only expands ABC's capabilities but also provides new career opportunities for employees to influence the future of mobility.
View the full automotive centre console market report:
https://www.thebusinessresearchcompany.com/report/automotive-centre-console-global-market-report
Advancements in Touchscreen Technology Driving Market Trends
Innovations in touchscreen technologies are at the forefront of market trends as leading companies strive to boost interactivity, display quality, and overall user experience. Next-generation touchscreens feature haptic feedback, adaptive brightness, multi-touch functionality, and intuitive interfaces, making vehicle controls more responsive and user-friendly. For example, in September 2023, Grammer AG, a German automobile interior manufacturer, introduced an automated centre console for the rear seating of the HiPhi X electric SUV. This console includes a display holder, smartphone trays, cup holders, and fold-out tables concealed beneath a butterfly armrest. It combines premium craftsmanship with special features such as magnetic inserts in cupholders to securely hold glasses, showcasing luxury and innovation.
Breakdown of Key Market Segments in Automotive Centre Consoles
This report segments the automotive centre console market based on several criteria:
1) By Type: Touch Screen, Buttons and Controls
2) By Vehicle Type: Passenger Vehicles, Premium Cars, Compact Cars, Mid-Size Cars, Luxury Cars, SUVs, Electric Vehicles
3) By Distribution Channel: Original Equipment Manufacturer (OEM), Aftermarket
Further subsegments include:
- Touch Screens: Capacitive Touch Screens, Resistive Touch Screens, Multi-Touch Screens
- Buttons and Controls: Mechanical Buttons, Toggle Switches, Rotary Controls, Touch-sensitive Controls
These categories provide a comprehensive understanding of product variations, vehicle applications, and supply chain distribution within the automotive centre console market.
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