Automotive Interior Market – By Vehicle Type (Passenger Cars, Light Weight Commercial Vehicles, and Heavy Weight Commercial Vehicle), By Material (Polymers, Genuine Leather, Fabric, and Synthetic Leather), By Component (Central Control, Cockpit Module, Dome Module, Door Panels, Interior Lighting, and Others) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Automotive Interior Market held USD 197.32 billion in 2020 and is expected to grow with a CAGR of 4.5% from 2020-2030. Automotive interiors are designed to make vehicles more eye-catching, aesthetic, and provide more comfort. It consists of a cockpit module, headliners, door panel, interior lighting, and others. These are specially designed for better grip, comfort, and sound insulation of automobile cabin. Eye-catchy interiors makes a buyer’s perception regarding the better quality of the vehicle and influences the customer to buy the vehicle. The automotive interiors are made from different materials such as polymers, genuine leather, synthetic materials, and others. All these materials enhance the look and provide sustainability and reliability to the automobile. Besides other materials, plastic is a key material used in high extent due to its distinct properties such as optimum durability, lightweight and ruggedness, which benefits the vehicle to reduce the fuel consumption. Owing to all these properties, plastic is replacing metals in the automotive interior industry. In 2018, plastic was the most used material in automobiles with shares of 27.90%. The automotive interior also consists of extra features like navigation, temperature display, and others.

Market Dynamics and Factors:

Demand for the luxurious vehicles coupled with increase in disposable income within the emerging economies such as India, China, Brazil, and others, is the major driving factor of the market growth. Luxury vehicles segment is the highest revenue contributor to the market. Increasing demand for better comfort and aesthetically pleasing interior of automobiles is also expected to boost the market further. The growing demand for automobiles increases the requirement of the better interior leading to propel the market during the forecast period. The growth of this sector depends on the increase in manufacturing of automobiles. However, the rising prices of the automotive interior materials, is one of the major restraint. The growing automotive sector and technological advancement are expected to bring many opportunities in the market. Manufacturing the desirable vehicle with required interiors within limited budgets can pose a challenge for the major manufacturers.

Market Segmentation:

Based on the type, the market is segmented into a passenger vehicle, lightweight commercial vehicles, and heavyweight commercial vehicles. Based on the materials, the market is segmented into polymers, genuine leather, fabric, synthetic materials. On the basis of component, the market is segmented into central control, cockpit module, dome modules, door panels, interior lighting, and others. And By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Geographic Analysis:

Asia Pacific is expected to dominate the market during forecast period with the growing automotive sector in a region. Moreover, it is also anticipated to generate the highest revenue of approximate 26.65 billion USD during the forecast timeframe. Europe is also projected to witness significant growth during the forecast period Owing to an increase in demand of luxurious vehicles and the presence of major manufacturers in the region.

Competitive Scenario:

The key players of global aerospace foam markets are Adient, Calsonic Kansei Corp., Faurecia Interior System pvt ltd., Grupo Antolin, Hyundai Mobis Company, IAC Group, Lear Corporation, Robert Bosch GmbH, Visteon Corporation, and Yanfeng Automotive Interiors.

Automotive Interior Market Report Scope