Automotive Interior Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Automotive interiors refer to fitting together all the components of the car while maintaining its aesthetics and comfort. It plays a vital role in vehicles’ performance, aesthetic appeal, and scalability, which consists of the infotainment system, body panels, instrument panels, and others. The automotive interior is used for providing a comfortable seating experience for passengers in vehicles.

Sizing and Forecast
The automotive interior market size has grown strongly in recent years. It will grow from $144.63 billion in 2023 to $154.36 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to increased consumer demand for advanced infotainment systems, growth in the automotive industry with a focus on in-car connectivity, adoption of advanced driver assistance systems (adas), stringent safety regulations driving the integration of smart displays, growing demand for enhanced safety, comfort, and convenience in automobiles.

The automotive interior market size is expected to see strong growth in the next few years. It will grow to $202.78 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to rapid adoption of oled panels, rising production of passenger cars and commercial vehicles, growth of the high-end and luxury car segments, expansion of the connected car ecosystem, surge in demand for electric and autonomous vehicles . Major trends in the forecast period include digital cockpits, minimalist interior designs, integration of smart lighting systems, enhanced seating comfort and ergonomics, in-car biometric systems.

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Segmentation & Regional Insights
The automotive interior market covered in this report is segmented –

1) By Vehicle Type: Passenger Car, Commercial Vehicle
2) By Component: Infotainment System, Instrument Panels, Interior Lighting, Body Panels, Other Components
3) By Application: Dashboard, Seats, Airbags and Seat Belts, Door Panel and Trims, Carpet and Headliners

Asia-Pacific was the largest region in the automotive interior market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive interior market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
Growing demand for luxury vehicles is expected to propel the growth of the automotive interior market going forward. Luxury vehicles refer to a vehicle that has high-end features that go above and beyond the usual necessities. These vehicles have more luxurious interiors, superior performance capabilities, and the latest safety and technological features due to the use of automotive interiors. For instance, according to the Federation of Automobile Dealers Associations, an India-based automobile association, for the year 2021, 24,009 luxury cars were sold in India within a period of 12 months. In addition, Italian automobile maker Lamborghini also recorded 142% year-over-year growth in India. Therefore, an increase in demand for luxury vehicles is driving the growth of the automotive interior market.

Key Industry Players
Major companies operating in the automotive interior market report are Adient plc, Calsonic Kansei Corporation, Faurecia SE, Hyundai Mobis Co. Ltd., Lear Corporation, Robert Bosch GmbH, Visteon Corporation, Yanfeng Automotive Interior Systems Co Ltd., Toyoda Gosei Co Ltd., Denso Corporation, ContiTech AG, Takata Corporation, Sage Automotive Interiors, SMS Auto Fabrics Inc., Tachi-S Co Ltd., Grammer AG, Grupo Antolín-Irausa SA, Panasonic Corp., Magna International Inc., Toyota Boshoku Corporation, Pioneer Corporation, JVCKenwood Corporation, Delphi Automotive PLC, Guelph Manufacturing Group, International Automotive Components Group, Johnson Controls International plc, Keiper Recaro Group, Magneti Marelli SpA, NHK Spring Co Ltd., Nifco Inc.

The automotive interior market report table of contents includes:

1. Executive Summary

2. Automotive Interior Market Characteristics

3. Automotive Interior Market Trends And Strategies

4. Automotive Interior Market – Macro Economic Scenario

5. Global Automotive Interior Market Size and Growth
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31. Global Automotive Interior Market Competitive Benchmarking

32. Global Automotive Interior Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Automotive Interior Market

34. Automotive Interior Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

Adient plc

Calsonic Kansei Corporation

Faurecia SE

Hyundai Mobis Co. Ltd

Lear Corporation

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