Segments - Automotive Interior Market by Component Types (Instrument Panels, Infotainment Systems, Body Panels, Interior Lightings, and Others), Vehicles Types (LCV, HCV, Passenger Cars), End-users (Aftermarket and OEM), Applications (Doors, Consoles & Dashboards, Seat, Floors Carpets, and Steering Wheels) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global automotive interior market size was valued at USD 29.77 billion in 2022 and is expected to reach USD 46.18 billion by 2031 at a CAGR of 5% during the forecast period, 2023–2031. The growth of the market is attributed to the increasing need for better and advanced systems with safety features, as customers' income levels rise.
Automotive interiors are soft interior trims that are meant to make a car more appealing, attractive, and comfortable. This contains parts such as the door panel, flooring, seats, speakers, lighting, and many more, all of which aid in attracting the buyer. Increasing consumer disposable income in developing nations has resulted in significant growth in consumer spending capacity on automobile interior design and components.
OEMs select low-cost plastics and interior finishes in cost-sensitive automotive markets. Premium automobile makers, on the other hand, demand high-quality plastics and finishes. The vehicle interior industry can be driven by the wide range of alternatives available to OEMs and suppliers.
The report on the global automotive interior market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Automotive Interior Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Component Types (Instrument Panels, Infotainment Systems, Body Panels, Interior Lightings, and Others), Vehicles Types (LCV, HCV, Passenger Cars), End-users (Aftermarket and OEM), and Applications (Doors, Consoles & Dashboards, Seat, Floor Carpet, and Steering Wheels) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Toyota Boshuku Corporation; Robert Bosch GmbH; Pioneer Corporation; Panasonic Corp.; Magna International; JVCKENWOOD Corporation; Hyundai Mobis Co.; Grupo Antolin; Faurecia; Adient PLC; and Denso Corporation |
In terms of component types, the market is segmented into instrument panels, infotainment systems, body panels, interior lightings, and others. The infotainment segment is expected to hold a key share of the market in the coming years due to the growing use of network-based technological solutions in automobiles, especially advanced vehicles, which is contributing to the segment's growth.
on the basis of vehicle types, the global automotive interior market is segregated into LCV, HCV, passenger cars. The passenger cars segment is expected to represent a key share of the market during the forecast period owing to benefit of consumers' increased willingness to spend on high-quality, long-lasting goods.
As a result, manufacturers are developing unique goods with high-end features at low prices, an increase in demand for commercial transportation services, such as taxis, is expected to drive demand for light commercial vehicles during the forecast period. Furthermore, increased global road infrastructure, growing urbanization, and favorable regulatory policies are expected to boost demand.
Based on end-users, the market is bifurcated into aftermarket and OEM. The aftermarket segment is expected to hold a key share of the market in the coming years due to floor carpets, replacement seat cover, and steering covers can all contribute considerably to the segment's growth. E-commerce platforms are expected to play a significant role, allowing small businesses to extend their reach and customer base.
In terms of applications, the global automotive interior market is segmented into doors, consoles & dashboards, seat, floor carpet, and steering wheels. The seat segment is expected to hold a key share of the market in the coming years due to seats are important they reduce driver discomfort during long rides or in unfavorable driving conditions. A variety of materials have been used as a consequence of various psychological and physiological research on human perception, weight distribution, posture, and adjustability.
Seat cushioning is made from high-performance polyurethane foams combined with covering materials such as leather or cloth. The usage of carbon fibers and other performance composites in the back section of seats has come from the requirement for lightweight components in current automobiles.
On the basis of regions, the global automotive interior market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia-Pacific is anticipated to dominate the market with an impressive CAGR during the forecast period. The regional market growth can be attributed to economic growth, urbanization, expanding middle-class spending power, favorable government efforts, and other factors are propel the market expansion. The regional market demand will be boosted by the growing demand for passenger automobiles, as well as increased aftermarket activity.
The global automotive interior market has been segmented on the basis of
Key players competing in the market include Toyota Boshuku Corporation; Robert Bosch GmbH; Pioneer Corporation; Panasonic Corp.; Magna International; JVCKENWOOD Corporation; Hyundai Mobis Co.; Grupo Antolin; Faurecia; Adient PLC; and Denso Corporation. Some of these players are adopting several market strategies including acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to increase their market shares.