The global automotive interior market is estimated to grow at a CAGR of 4.5% during the forecast period, from USD 123.2 billion in 2020 to USD 153.8 billion by 2025.
The automotive industry is continuously evolving, with an increasing focus on semi-autonomous and autonomous vehicle technologies. Several vehicle manufacturers have showcased their new concept cars with autonomous and connected car technologies. These cars, with their advanced technologies and radical designs, are expected to hit the market soon. The interiors in these cars need to provide comfort and convenience and should have the latest technology incorporated. The increasing demand for advanced automotive interior solutions and systems can be attributed to advances in semi-autonomous and autonomous technologies.
BEV segment is projected to be the fastest growing electric vehicle during the forecast period.
The demand for BEVs is expected to increase in the coming years due to an increase in the adoption of strict emission norms by governments of various countries. Several governments now provide subsidies for the use of environment-friendly vehicles, thereby encouraging the use of electric vehicles. Stringent emission regulations in the US, particularly in states such as California and New York, have led to increased sales of electric vehicles. Electric vehicles tend to have a higher number of electronics/advanced systems.
Thus, the growing number of electric vehicles will result in an increased demand for advanced automotive interior systems. In Europe, the market for BEVs is estimated to grow due to emission regulation mandates and development of electric vehicle infrastructure. OEMs are also expanding their manufacturing facilities worldwide to increase the production of electric vehicles. For instance, in August 2017, Tesla announced its plan to raise USD 1.5 billion to fund the development of its cheapest electric car, which proves the aggressiveness of manufacturers in the market.
The passenger car segment is estimated to be the largest automotive interior market, by vehicle
The passenger car segment is projected to have the largest share of the automotive interior market during the forecast period. The increasing purchasing power of consumers, growing sales of semi-luxury & luxury vehicles, and high demand for convenience features are expected to boost the passenger car segment. The advent of semi-autonomous and autonomous vehicles is also attributed to the overall growth of the market. Passenger vehicles are the most focused segment for automotive interior manufacturers.
The technologies used in this type of vehicle are frequently changing due to the high demand from consumers for luxurious and convenience features. Also, government regulations for emissions and safety are frequently changing. The manufacturers must reduce the weight of passenger vehicles and offer comfort and safety to the consumers at a lower price. Due to the increasing demand for autonomous and electric vehicles, the electronic content is frequently increasing in passenger vehicle interiors, which, in turn, is driving the growth of the passenger vehicle interior market.
Europe automotive interior market is projected to grow at a significant rate during the forecast period.
The major growth drivers for the European automotive interior market include the growing demand for technology, the rising need for a safe and secure driving experience, and an increase in the development of connected cars.
Significant demand for high-end premium vehicles with advanced interior features and technologies such as HUD, powered & heated seats with massage function, center stack, rear-seat entertainment, and interior/ambient lighting are fuelling the growth in the region. Also, the region has the presence of renowned automotive interior component providers, such as Continental, Grupo Antolin, Faurecia, and Robert Bosch GmbH are the major players in this region. The presence of major automobile manufacturers, combined with technological prowess, would result in a significant rise in the demand for advanced interior systems and components in Europe.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Automotive Interior Market to Grow at Significant Rate During Forecast Period (2020-2025) 4.2 Asia-Pacific Estimated to Lead Automotive Interior Market in 2020 4.3 Automotive Interior Market, by Component 4.4 Automotive Interior Market, by Material 4.5 Automotive Interior Market, by Autonomous Driving 4.6 Automotive Interior Market, by Electric Vehicle 4.7 Automotive Interior Market, by Ice Vehicle Type
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 184.108.40.206 Increasing Customer Preference Toward Convenience, Premium Features, and Advanced Safety 220.127.116.11 Substantial Production and Sales Volumes of Vehicles Across the World 18.104.22.168 Use of Variety of Lightweight & Advanced Materials and Innovative Finish 22.214.171.124 Integration of Smartphone Connectivity 5.2.2 Restraints 126.96.36.199 High Cost Involved; and Volatility in Raw Material Costs 188.8.131.52 Significant Power Consumption in Automotive Interior Electronics 5.2.3 Opportunities 184.108.40.206 Much Anticipated Growth of Electric Vehicles 220.127.116.11 Rising Trend of Semi-Autonomous & Autonomous Vehicles 18.104.22.168 Growing Trend of Interior Customization in Premium Vehicles and Interior Styling 22.214.171.124 Advanced Lightweight Mechanism for Automotive Seats 5.2.4 Challenges 126.96.36.199 Long Production Cycle Time 5.2.5 Impact of Market Dynamics 5.3 Porter's Five Forces 5.4 Pricing Analysis 5.5 Supply Chain Analysis 5.6 Ecosystem 5.7 Technology Analysis 5.7.1 Introduction 5.7.2 Polycarbonate Material Usage 5.7.3 Door Panels 5.7.4 Power Drive Seating Unit 5.7.5 Smart Glass 5.8 Patent Analysis 5.9 Case Study 5.10 Trade Data (Vehicle Export and Import Data of Key Markets) 5.10.1 Europe (Germany and Sweden) 5.10.2 Japan 5.10.3 China 5.10.4 US 5.11 Regulatory Overview
8 Automotive Interior Market, by Material 8.1 Introduction 8.2 Operational Data 8.2.1 Assumptions 8.2.2 Research Methodology 8.3 Leather 8.4 Fabric 8.5 Vinyl 8.6 Wood 8.7 Glass Fiber Composite 8.8 Carbon Fiber Composite 8.9 Metal 8.10 Key Industry Insights
9 Automotive Interior Market, by Autonomous Driving 9.1 Introduction 9.2 Operational Data 9.2.1 Assumptions 9.2.2 Research Methodology 9.3 Semi-AutonomoUS 9.4 AutonomoUS 9.5 Key Industry Insights
10 Automotive Interior Market, by Electric Vehicle Type 10.1 Introduction 10.2 Operational Data 10.2.1 Assumptions 10.2.2 Research Methodology 10.3 Bev 10.4 FCEV 10.5 Hev 10.6 Phev 10.7 Key Industry Insights
11 Automotive Interior Market, by Ice Vehicle Type 11.1 Introduction 11.2 Operational Data 11.2.1 Assumptions 11.2.2 Research Methodology 11.3 Passenger Car 11.4 Light Commercial Vehicle (Lcv) 11.5 Heavy Commercial Vehicle (Hcv) 11.6 Key Industry Insights
12 Automotive Interior Market, by Region 12.1 Introduction 12.2 Asia-Pacific 12.3 North America 12.4 Europe 12.5 Rest of the World (Row)
13 Competitive Landscape 13.1 Market Evaluation Framework 13.2 Overview 13.3 Market Share Analysis for Automotive Interior Market 13.4 Ranking Analysis for Automotive Interior Market 13.5 Market Evaluation Framework: Revenue Analysis of Top Listed/Public Players 13.6 COVID-19 Impact on Automotive Interior Companies 13.7 Competitive Scenario 13.7.1 Collaborations/Joint Ventures/Supply Contracts/ Partnerships/Agreements 13.7.2 New Product Developments 13.7.3 Mergers & Acquisitions, 2017-2020 13.7.4 Expansions, 2017-2020 13.8 Company Evaluation Quadrant 13.8.1 Star 13.8.2 Emerging Leader 13.8.3 Participant 13.8.4 Emerging Companies 13.9 Strength of Product Portfolio 13.10 Business Strategy Excellence 13.11 Product Footprint 13.12 Startup/SME Evaluation Matrix, 2019 13.13 Winners Vs. Tail-Enders
14 Company Profiles 14.1 Continental Ag 14.2 Grupo Antolin 14.3 Faurecia 14.4 Marelli 14.5 Magna International 14.6 Toyota Boshoku Corporation 14.7 Yanfeng Automotive Interiors 14.8 Adient 14.9 Draxlmaier Group 14.10 Visteon Corporation 14.11 Panasonic Corporation 14.12 Robert Bosch Gmbh 14.13 Hyundai Mobis 14.14 Other Key Regional Players 14.14.1 Asia-Pacific 188.8.131.52 Sage Automotive Interiors, Inc. 184.108.40.206 Hayashi Telempu Co. Ltd. 220.127.116.11 Tachi-S Co. Ltd. 18.104.22.168 Machino Plastics Limited 22.214.171.124 Pioneer Corporation 126.96.36.199 Denso Corporation 188.8.131.52 LG Display Co. Ltd. 184.108.40.206 Yazaki Corporation 220.127.116.11 Samsung Electronics Co. Ltd. 18.104.22.168 Nippon Seiki Co. Ltd. 22.214.171.124 Kyocera Corporation 126.96.36.199 Au Optronics Corp. 188.8.131.52 Clarion 184.108.40.206 Desay Sv Automotive 220.127.116.11 Spark Minda 14.14.2 North America 18.104.22.168 Lear Corporation 22.214.171.124 Trinseo S.A. 126.96.36.199 Inteva Products 188.8.131.52 H.B. Fuller Company 184.108.40.206 Gentex Corporation 220.127.116.11 Garmin Ltd. 18.104.22.168 Stoneridge Inc. 14.14.3 Europe 22.214.171.124 S. Franzen Sohne Gmbh 126.96.36.199 Novares 188.8.131.52 Mondragon Assembly 184.108.40.206 Eissmann Group Automotive 220.127.116.11 Iac Group 18.104.22.168 Valeo