Automotive Interiors Market
Automotive Interiors Market Global Industry Assessment & Forecast
#
Pages:
170
2021
Nov - 2021
VMR-2021-0573
Segments Covered
By
Component Center Stack, Head-Up Display, Seat, Interior Lighting, Door Panels, Others
-
By
Material Leather, Fabric, Glass Fiber Composite, Metal, Others
-
By
Vehicle Type Passenger Cars, Commercial Vehicles
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
115.3 Billion |
 Revenue 2028:
|
182.4 Billion |
 Revenue CAGR
(2021 - 2028): |
5.74% |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Automotive Interiors Market - Global Market Assessment, 2021 - 2028
Automotive Interiors Market study involves the combination of secondary and primary research for data collection and utilizes a robust and veracious methodology to attain results on quantitative and qualitative analysis for specific market research studies. Moreover, Vantage Market Research utilizes tried and tested approaches to arrive at market-related projections. The research methodology is based on the 3-dimensional model consisting of 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. After the exhaustive secondary research, the procured information is revalidated through primary research.
Secondary Research
Primary Research:
The primary research was conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information on global market size, regional and segmental trends, competitive landscape expertise development, and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Automotive Interiors market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. Moreover, region-wise product mapping analysis was used to gain some more insights on the competitive trend in the global Automotive Interiors market.
FAQ
Frequently Asked Question
What is the global demand for Automotive Interiors in terms of revenue?
-
The global Automotive Interiors valued at 115.3 Billion in 2020 and is expected to reach 182.4 Billion in 2028 growing at a CAGR of 5.74%%.
Which are the prominent players in the market?
-
The prominent players in the market are Grupo Antolin, Yanfeng Automotive Interiors, Toyota Boshoku, Robert Bosch, IAC Group, Toyoda Gosei, Faurecia, Calsonic Kansei, Continental, Visteon Corporation, Hyundai Mobis Company, Lear Corporation, Kansei Corp, Adient..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 5.74%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Automotive Interiors include
- The increasing demand for fuel efficient and light weight vehicle is anticipated to augment the growth of the automotive interiors market. This is owing to the implementation of government regulations for safety, carbon emission, and lightweight vehicles. This has led the OEMs to use materials that will reduce the weight of the vehicle with more efficiency. There are a variety of plastic options available for OEMs to use in interiors. For example, to make vehicle doors and instrument panels, polyvinyl chloride (PVC) is often used. In case of cost-sensitive automotive markets, low-cost plastics and finishing of interiors is preferred. The luxury and premium car manufacturers use high-quality plastics and finishes. The variety of options made available is expected to open new avenues in the automotive interiors market.
- The increasing technological development is anticipated to augment the growth of the automotive interiors market during the forecast period. This is owing to the rise in demand for luxurious, attractive, comfortable, and aesthetic features in the automobiles. Luxury cars are now integrated with high quality equipment, comfort, performance, and advanced automotive interiors. Owing to these innovations and rising disposable income of the consumers there is an increase in the demand of the automotive interiors market.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Automotive Interiors in 2020.
