Description
The interior components and systems in an automotive are referred to as automotive interior. They are designed to provide comfort and style to the automobiles and act as a differentiating factor for the automobile manufacturers in the competitive market. They play an important role in influencing the buying decision of the automobile buyers. The automotive interior market is expected to grow at a considerable rate in the forecast period. The change in customer lifestyle, increasing standard of living and growing automotive industry are the major factors which contribute to this growth. The growth can also be attributed to increasing consumer demand for innovative, customized and technologically advanced automotive interior features.
End-user/Technology
The end-users of automotive interior components and systems are the OEMs and Aftermarket.The technological innovations and advancements in blended polymers have led to the advent of new designs and new approaches for processing the plastic. The resultant plastic gives the look and feel of premium material.
Market Dynamics
The market growth is driven by factors like requirement of fuel-efficient automotive vehicles. Thus, the manufacturers are continuously developing automotive interiors using light-weight and high durability materials and smart fabrics. The increasing growth of the passenger cars segment along with the increase in standard of living of the people in developing economies is also expected to contribute to the increasing demand for automotive interior materials over the forecast period. The improvement in road infrastructure and supportive government regulations are also expected to lead to the growth of the market. In addition to this, the expansion strategies of key players such as mergers and acquisitions to increase their distribution network and launching of new lines of products to increase their market share are also seen in the market.
Market Segmentation
The automotive interior market is segmented on the basis of vehicle type, component type and region.Under the vehicle type segment, the market is further categorized into Passenger Cars and Commercial Vehicles. The commercial vehicles include both light and heavy commercial vehicles.Under the component type segment, the market is segregated into Automotive Seats, Infotainment Systems, Instrument panel, Body panels, Interior lighting and others (sun visors, headliner, overhead and acoustic system).
Region-wise, the market is segmented across North America, South America, Europe, Africa, Middle East and Asia-Pacific.
Regional/Geographic Analysis
Of the regions North America, South America, Europe, Africa, Middle East and Asia-Pacific in which the automotive interior market is segmented, the Asia-Pacific is the prominent one worldwide. It is followed by Europe and North America. The favorable government regulations are expected to drive this growth in APAC region, whereas in Europe, the growth is expected to be driven by innovation. In North America, the demand is expected to increase at a significant level.
Opportunities
The market has a lot of potential for future opportunities. The presence of a large number of key players in the market has led to a high competitive rivalry. As a result, many of the international players are involved in research and development activities to get a competitive edge. The technological advances in the plastics industry and the use of innovative technologies and approaches to provide reliable flooring and headliner components also throw new opportunities in the market.
Key Players
Some of the major players in the Automotive Interior Market include GrupoAntolin, Faurecia Interior System, Johnson Controls Inc., Calsonic Kansei Corp., Visteon Corporation, Panasonic Corporation, Continental AG, Lear Corporation, Delphi Automotive LLP, Hyundai Mobis Co. Ltd., Toyota Boshoku Corporation, TACHI-S Co., Ltd. and IAC Group.
- Market segments
- Market Drivers, Restraints and Opportunities
- Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
- North America
- US and Canada
- Latin America
- Mexico, Brazil, Argentina and Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia and New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
- South Africa
- North Africa
- Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in Market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage
