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Automotive Interior Market Share, Growth, Opportunities 2031
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Automotive Interior Market Share, Growth, Opportunities 2031

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

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Author : Akash Vedpathak
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :AL-722 | 4.8 Rating | 65 Reviews | 186 Pages | Format : PDF Excel PPT

Report Description


Automotive Interior Market Outlook 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.

Automotive Interior Market Outlook

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.

  • Growing safety concerns of customers, several technical developments, and a boom in demand for premium automobiles are projected to propel the market expansion.
  • Increasing usage of plastics in automotive production is estimated to spur market growth during the forecast period.
  • Rising vehicle customization becomes a trend that is projected to fuel market expansion in the coming years.
  • Increasing environmental concerns, such as high pollution levels, there is a need for fuel-efficient automobiles is anticipated to drive the market growth.
  • High cost of advanced interior components is expected to hamper the market growth during the forecast period.
  • Rising cost of real leather as a result of the demand-supply gap, as well as the growing number of rules prohibiting the use of synthetic leather, are expected to impede the market's growth in the coming years.
  • Demand for systems, materials, and aspects rises, as the standards of lifestyle develop is expecting to create significant opportunities for the market players.

Scope of The Automotive Interior Market Report

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

Global Automotive Interior Market Segment Insights

Infotainment segment is expected to expand at a robust pace

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.

Passenger cars segment is anticipated to register at a substantial CAGR

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.

Automotive Interior Market Vehicle Types

Aftermarket segment is expected to grow at a significant pace

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.

Seat segment is projected to account for a large market share

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.

Automotive Interior Market applications

Asia-Pacific is anticipated to dominate the market

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.

Automotive Interior Market Regions

Segments

The global automotive interior market has been segmented on the basis of

Component Types

  • Instrument Panels
  • Infotainment Systems
  • Body Panels
  • Interior Lightings
  • Others

Vehicles Types

  • LCV
  • HCV
  • Passenger Cars

End-users

  • Aftermarket
  • OEM

Applications

  • Doors
  • Consoles & Dashboards
  • Seat
  • Floors Carpets
  • Steering Wheels

Regions

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

Key Players

  • Toyota Boshuku Corporation
  • Robert Bosch GmbH
  • Pioneer Corporation
  • Panasonic Corp.
  • Magna International
  • JVCKENWOOD Corporation
  • Hyundai Mobis Co.
  • Grupo Antolin
  • Faurecia
  • Adient PLC
  • Denso Corporation

Competitive Landscape

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.

Automotive Interior Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Interior Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Interior Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Interior Market - Supply Chain
  4.5. Global Automotive Interior Market Forecast
     4.5.1. Automotive Interior Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Interior Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Automotive Interior Market Absolute $ Opportunity
5. Global Automotive Interior Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Automotive Interior Market Size and Volume Forecast by Applications
     5.3.1. Doors
     5.3.2. Consoles & Dashboards
     5.3.3. Seat
     5.3.4. Floors Carpets
     5.3.5. Steering Wheels
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Automotive Interior Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Automotive Interior Market Size and Volume Forecast by End Users
     6.3.1. Aftermarket
     6.3.2. OEM
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Automotive Interior Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Automotive Interior Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Automotive Interior Demand Share Forecast, 2019-2026
8. North America Automotive Interior Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Automotive Interior Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Automotive Interior Market Size and Volume Forecast by Applications
     8.4.1. Doors
     8.4.2. Consoles & Dashboards
     8.4.3. Seat
     8.4.4. Floors Carpets
     8.4.5. Steering Wheels
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. North America Automotive Interior Market Size and Volume Forecast by End Users
     8.7.1. Aftermarket
     8.7.2. OEM
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Automotive Interior Demand Share Forecast, 2019-2026
9. Latin America Automotive Interior Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Automotive Interior Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Automotive Interior Market Size and Volume Forecast by Applications
     9.4.1. Doors
     9.4.2. Consoles & Dashboards
     9.4.3. Seat
     9.4.4. Floors Carpets
     9.4.5. Steering Wheels
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Latin America Automotive Interior Market Size and Volume Forecast by End Users
     9.7.1. Aftermarket
     9.7.2. OEM
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Automotive Interior Demand Share Forecast, 2019-2026
10. Europe Automotive Interior Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Automotive Interior Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Automotive Interior Market Size and Volume Forecast by Applications
     10.4.1. Doors
     10.4.2. Consoles & Dashboards
     10.4.3. Seat
     10.4.4. Floors Carpets
     10.4.5. Steering Wheels
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Europe Automotive Interior Market Size and Volume Forecast by End Users
     10.7.1. Aftermarket
     10.7.2. OEM
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Automotive Interior Demand Share Forecast, 2019-2026
11. Asia Pacific Automotive Interior Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Automotive Interior Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Automotive Interior Market Size and Volume Forecast by Applications
     11.4.1. Doors
     11.4.2. Consoles & Dashboards
     11.4.3. Seat
     11.4.4. Floors Carpets
     11.4.5. Steering Wheels
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Asia Pacific Automotive Interior Market Size and Volume Forecast by End Users
     11.7.1. Aftermarket
     11.7.2. OEM
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Automotive Interior Demand Share Forecast, 2019-2026
12. Middle East & Africa Automotive Interior Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Automotive Interior Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Automotive Interior Market Size and Volume Forecast by Applications
     12.4.1. Doors
     12.4.2. Consoles & Dashboards
     12.4.3. Seat
     12.4.4. Floors Carpets
     12.4.5. Steering Wheels
  12.5. Basis Point Share (BPS) Analysis by Applications
  12.6. Y-o-Y Growth Projections by Applications
  12.7. Middle East & Africa Automotive Interior Market Size and Volume Forecast by End Users
     12.7.1. Aftermarket
     12.7.2. OEM
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Automotive Interior Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Automotive Interior Market: Market Share Analysis
  13.2. Automotive Interior Distributors and Customers
  13.3. Automotive Interior Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Toyota Boshuku Corporation
     13.4.2. Robert Bosch GmbH
     13.4.3. Pioneer Corporation
     13.4.4. Panasonic Corp.
     13.4.5. Magna International

Methodology

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