The Global Automotive Interior Market size valued to USD 129.32 billion in 2021, is predicted to reach USD 188.46 billion by 2030, witnessing a CAGR of 4.3% from 2022-2030. Automotive interiors are explicitly designed for providing comfort, grip, and sound insulation to the vehicle cabin, with advanced safety features for the driver. Interior of the vehicle cabin consists of infotainment system, body panels, headliners, cockpit modules, door panels, automotive seats, and others. The interior components play a vital role in enhancing the performance of automotive, gives the vehicle an aesthetic appeal and increases its salability. Besides, vehicle interior at the very first glance influences a buyer’s perception regarding the quality of a vehicle.
Market Segmentations and Scope of the Study:
The global automotive interior market share analysis is based on component, vehicle type and geography. Based on component, the market is segmented into Flooring, Cockpit Module, Door Panel, Interior Lighting, Automotive Seat, and Other. The cockpit module it further segmented into Infotainment System, Instrument Cluster, Telematics, and Others. Based on vehicle type, the market is divided into Passenger Car and Commercial Vehicle. The commercial vehicle is further fragmented into Light Commercial Vehicle and Heavy Commercial Vehicle. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
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North America is expected to account for the major market share in the global automotive interior market, hence dominating the global market throughout the forecast period. This is attributable to market dynamics like technological advancements, economic feasibility of premium vehicles, higher dependence on automotive for personal transport, as well as strict regulatory standards regarding fuel-economy. Asia Pacific region is expected to grow at the highest CAGR, accounting for a notable market share, owing to advancement in in-vehicle infotainment, rise in the demand for passenger vehicles, willingness of consumers to spend on premium interiors as well as substantial increase in the number of manufacturing facilities in this region.
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The automotive interior market, which is highly competitive, consists of various market players. Some of the major market players include Calsonic Kansei Corp., Adient, Faurecia Interior System, Hyundai Mobis Company, Grupo Antolin, IAC Group, Robert Bosch, Lear Corporation, Yanfeng Automotive Interiors and Visteon Corporation among others. The prominent players have adopted product launches and collaborations as their key strategies to gain substantial share in the global automotive interior market. For instance, in March 2020, the major market player of the global automotive interior market Yanfeng Automotive Interiors partnered with SemsoTec GMBH to enhance in-vehicle Human Machine Interface (HMI) into all surfaces of automotive interiors. Yanfeng is a leading global automotive supplier, and SemsoTec is an expert in displays and control units. This partnership strives to create a unique in-vehicle user experience by accelerating seamless HMI integration into future vehicle interiors; extending the development, production, and commercialization of automotive components. The combined expertise shall result in proliferating the design and development activities, hence proving advantageous to the customers along the entire value chain.
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