Automotive Interior Market By 2022| MarketsandMarkets

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Automotive Interior Market by Component, Vehicle
Type, and Region - Global Forecast to 2022
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"Automotive Interior Market by Component (Central
Console, Cockpit Module, Dome Module, Door Panel,
Headliner, Infotainment System, Interior
Lighting, and Seat), Vehicle Type (PV, LCV, and
HCV), and Region - Global Forecast to 2022 The
automotive interior market is estimated to grow
from USD 235.59 Billion in 2017 to USD 301.56
Billion by 2022, at a CAGR of 5.06.The increase
in demand for premium segment vehicles with
advanced styling and rise in demand for cabin
comfort and convenience are the major growth
factors for this market. PDF Brochure
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The automotive seat segment is estimated to
hold the largest share of the automotive interior
market by component, in terms of value The
automotive seat segment is estimated to hold the
largest share in terms of value in the automotive
interior market. The average distance traveled by
a consumer has increased over the years thus the
need for comfortable seating and convenience
increased substantially. Consumers are ready to
spend more in order to achieve quality products
in the automotive interior market. Request
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The passenger vehicle segment is estimated to
be the largest one in the automotive interior
market, by vehicle type The passenger vehicle
segment is estimated to have a substantial growth
compared to High Commercial Vehicles (HCVs) and
Light Commercial Vehicles (LCVs). The major
factor driving this growth is increased consumer
disposable income and significant difference in
the average amount of money spent on automotive
interiors for personal use versus commercial use.
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Asia-Pacific is estimated to hold the largest
share of the automotive interior market, in terms
of value Asia-Pacific with countries such as
China, India, Japan, South-Korea, and others hold
the largest share in the automotive interior
market in terms of value, by region. This growth
can be attributed due to high vehicle production
in countries such as China and Japan. Developing
economies such as India and China have witnessed
an increase in the consumer disposable income and
spending over the past few years, creating a
positive impact toward the market growth of
automotive interiors. This report covers some of
the leading players in the automotive interior
market such as Continental AG (Germany), Lear
Corporation (U.S.), Faurecia S.A. (France), Magna
International (Canada), and others.
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