Automotive Interior Market - Trends Forecast Till 2028

Automotive Interior Market by Component (Seat, Interior Lighting), Material (Glass Composite, Carbon Composite, Metal, Vinyl, Fabric), Autonomous Driving (Semi-autonomous, Autonomous), Electric Vehicle, Vehicle Type and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: November, 2021

Base Year Estimate: 2020

Report ID: D-AU-AIM-443

Format:  

Number of Pages: 409

Domain: Automotive

Automotive Interior Market – Trends Forecast Till 2028

The automotive interiors market was valued at USD 109 billion in 2020, and it is expected to reach USD 141 billion by 2026, registering a CAGR of about 5% during the forecast period 2021-2028.

A vehicle’s interior, which comprises components such as headliners, cockpit modules, door panels, automotive seats, and others are specifically designed to provide comfort, grip, and sound insulation of the vehicle cabin. Interior trims, upholstery, and other adornments play a crucial role in the saleability of a car. In addition, vehicle interior is the first and foremost factor that influences a buyer’s perception regarding the quality of a vehicle.

increased vehicle production, adoption of advanced seating systems & lighting, rising demand for infotainment, and focus on providing comfort and convenience in vehicles are expected to play a pivotal role in the adoption of automotive interiors in the future are some of the factors that have supported long-term expansion for Automotive Interior Market.

The automotive interior market is estimated to observe a decline post-COVID-19 due to the impact on vehicle production. However, a steady recovery post-2020 in vehicle production will support the growth of this market in the coming years.

Automotive Interior Market Analysis

Asia Pacific is estimated to be the largest and fastest-growing automotive interior market during the forecast period. The growth of this market is primarily driven by the increasing vehicle production and rising demand for comfort and luxury. Asia Pacific, being the largest market for vehicle production globally, leads the market for automotive interior components.

Automotive Interior Market is segmented into component, material, electric vehicle, autonomous driving, vehicle type and region.

On the basis of Component

  • Center Stack
  • Head-Up Display
  • Instrument Cluster
  • Rear Seat Entertainment
  • Dome Module
  • Headliner
  • Seat
  • Interior Lighting
  • Door Panel
  • Adhesives & Tapes

On the basis of Material

  • Leather
  • Fabric
  • Vinyl
  • Wood
  • Glass Fiber Composite
  • Carbon Fiber Composite
  • Metal

On the basis of Autonomous Driving

  • Semi-Autonomous
  • Autonomous

On the basis of Electric Vehicle

  • BEV
  • FCEV
  • HEV
  • PHEV

On the basis of Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Automotive Interior Market Primary Respondent

 

Key Players

  • Continental AG
  • Faurecia SA
  • Grupo Antolin
  • Marelli
  • and Magna International Inc.
  • Adient
  • Toyota Boshoku
  • Visteon
  • Dräxlmaier Group
  • Panasonic Corporation
  • Yanfeng Automotive Interiors

Recent Developments

  • In September 2020, Marelli and Highly International (Hong Kong) Limited announced an agreement to form a new joint venture, named Highly Marelli Holdings. The new entity will be dealing in cabin comfort business, focused on developing advanced solutions specifically in the electrification of compressors and heating; ventilation & air conditioning (HVAC); and electric driven compressor (EDC) systems.
  • In September 2020, Continental decided to repatriate the joint venture with Osram. Continental and Osram each have a half share in the joint venture, which was founded in 2018 and specializes in intelligent lighting systems for automobiles. The two companies are currently holding talks that should be concluded by the end of the year. The joint venture will then be dissolved. Through a future cooperation agreement, the companies plan to stay connected to their automotive industry customers. The future will see new lighting solutions based on the close interaction of electronics, software functionality, and modern LED lighting sources.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Automotive Interior Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 7.1 billion

Growth Rate

CAGR of 10.0% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

material type, end use, implementation and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Continental AG, Faurecia SA, Grupo Antolin, Marelli, Magna International Inc., Adient, Toyota Boshoku, Visteon, Dräxlmaier Group, Panasonic Corporation and Yanfeng Automotive Interiors

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