PORTLAND, Oregon and PUNE, India, November 17, 2016 /PRNewswire/ --
According to a report published by Allied Market Research titled, "World Automotive Interiors Market - Opportunities and Forecasts, 2015-2022", the world automotive interiors market is estimated to reach $236.2 billion by 2022, growing at a CAGR of 6.5% during the forecast period (2016-2022). Asia-Pacific is the leading market of automotive interiors, followed by Europe. Factors such as increasing preference of consumers towards attractive and comfortable interiors coupled with the rising disposable income have resulted in the overall increase in demand for vehicles equipped with superior quality interiors.
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Summary of the Automotive Interiors Market Report can be accessed on the website at: https://www.alliedmarketresearch.com/automotive-interiors-market
Cockpit module, flooring, door panel, automotive seat, interior lighting, acoustic, and sun visors among others are the key components of a vehicles' interior. Among these, automotive seat is the largest revenue contributor, anticipated to account for over 40% of the total market revenue, throughout the forecast period. The rising demand of luxurious seating systems is fostering the market growth for automotive seats. Cockpit module, which encompasses audio systems, infotainment, instrument cluster, telematics and others, would be the second highest revenue-generator throughout the analysis period. Interior lighting is anticipated to be the most lucrative segment in terms of growth, with an anticipated CAGR of 10.4% from 2016-2022. The growth is attributable to the technological advancements in LED lights and increasing trend of interior lighting customization among the buyers.
Based on vehicle type, passenger cars generated higher revenue in comparison with commercial vehicle, accounting for over 78% of the market revenue in 2015. The passenger car segment would continue to lead the market throughout the analysis period, owing to the continuous development of technologically advanced infotainment and active safety systems, which facilitate a safe and superior driving experience.
Based on geography, Asia-Pacific dominated the automotive interiors market accounting for over 37% share in 2015, in terms of revenue, owing to lower transportation and labor costs, and easy availability of raw materials.
Key Findings of the Automotive Interiors Market:
The leading players in the automotive interiors market have adopted strategies such as collaborations, product launch, agreement & acquisitions to expand their market presence. The key companies profiled include Grupo Antolin, Faurecia S.A., Johnson Controls Inc., Calsonic Kansei Corp., Visteon Corporation, Lear Corporation, Delphi Automotive Plc., Hyundai Mobis Company, Ltd, Magna International Inc. and International Automotive Components Group S.A. (IAC).
Summary of similar reports can be viewed at: https://www.alliedmarketresearch.com/automotive-and-transportation/automotive-systems-and-accessories-market-report
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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