Press release
Global Automotive Interior Market Boom in Near Future!
The Automotive Interior Market is projected to grow at a CAGR of 5.06% from USD 235.59 billion in 2017 to USD 301.56 billion by 2022. An increase in demand for premium segment vehicles with advanced styling and rising demand for cabin comfort and convenience led to the growth of the automotive interior market.
The automotive interior ecosystem consists of component manufacturers such as Lear Corporation (U.S.), Magna International, Inc. (Canada), Faurecia S.A. (France), Continental AG (Germany), Calsonic Kansei Corporation (Japan), Delphi Automotive PLC (U.K.), Panasonic Corporation (Japan), Hyundai Mobis Co. Ltd. (South Korea), Toyota Boshoku Corporation (Japan), and Tachi-S Co. Ltd. (Japan). These automotive interior components, such as automotive seats, central console, cockpit module, door panels, headliners, and others, are supplied to automotive OEMs.
View Full TOC @ https://www.marketsandmarkets.com/Market-Reports/automotive-interior-components-market-10199544.html
Opportunities:
o Increase in Demand for Autonomous Vehicle
o Advent of Concept Cars and Electric Vehicles in the Automotive Industry
o Rise in Demand for Technologically Advanced Materials
o Rise in the Demand for Interior Styling
The automotive seat segment is estimated to register the largest share in the automotive interior market by component, in terms of value. The average distance traveled by passengers has increased over the years and thus the need for comfort and convenience has increased substantially. Consumers now have higher disposable income and are willing to spend more on travel and comfort. These factors have positively impacted the growth of the market. Infotainment systems are estimated to be the fastest-growing market in terms of value. Some of the infotainment systems provide time and temperature display, features such as navigation and more. The type of displays being used for the infotainment system may vary depending upon the cost of the vehicle, for example, a basic infotainment system can be used in economy cars while advanced display for premium cars.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=10199544
The Passenger Vehicle (PV) segment is estimated to be the largest market, by vehicle type, in terms of value. The quality of automotive interior components being perceived by a consumer is much higher in the case of PVs in comparison with commercial vehicles. In general, consumers are willing to spend more on vehicles for personal usage than commercial use. The large number of PVs compared to commercial vehicles also adds to the growth of the automotive interior market.
Asia-Pacific is estimated to lead the automotive interior market by region. The Asia-Pacific region comprises countries such as China, India, Japan, South Korea, and others. The tremendous vehicle production in countries such as China and Japan have led to the growth of the global automotive interior market in this region. The consumer disposable income for developing economies such as India and China has increased over the years, due to which the spending capability of consumers on automotive interior styling and components has witnessed a significant rise. These factors contribute to the growth of the market in the Asian region.
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Contact:
Mr. Shelly Singh
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
About MarketsandMarkets(TM)
MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
The automotive interior ecosystem consists of component manufacturers such as Lear Corporation (U.S.), Magna International, Inc. (Canada), Faurecia S.A. (France), Continental AG (Germany), Calsonic Kansei Corporation (Japan), Delphi Automotive PLC (U.K.), Panasonic Corporation (Japan), Hyundai Mobis Co. Ltd. (South Korea), Toyota Boshoku Corporation (Japan), and Tachi-S Co. Ltd. (Japan). These automotive interior components, such as automotive seats, central console, cockpit module, door panels, headliners, and others, are supplied to automotive OEMs.
View Full TOC @ https://www.marketsandmarkets.com/Market-Reports/automotive-interior-components-market-10199544.html
Opportunities:
o Increase in Demand for Autonomous Vehicle
o Advent of Concept Cars and Electric Vehicles in the Automotive Industry
o Rise in Demand for Technologically Advanced Materials
o Rise in the Demand for Interior Styling
The automotive seat segment is estimated to register the largest share in the automotive interior market by component, in terms of value. The average distance traveled by passengers has increased over the years and thus the need for comfort and convenience has increased substantially. Consumers now have higher disposable income and are willing to spend more on travel and comfort. These factors have positively impacted the growth of the market. Infotainment systems are estimated to be the fastest-growing market in terms of value. Some of the infotainment systems provide time and temperature display, features such as navigation and more. The type of displays being used for the infotainment system may vary depending upon the cost of the vehicle, for example, a basic infotainment system can be used in economy cars while advanced display for premium cars.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=10199544
The Passenger Vehicle (PV) segment is estimated to be the largest market, by vehicle type, in terms of value. The quality of automotive interior components being perceived by a consumer is much higher in the case of PVs in comparison with commercial vehicles. In general, consumers are willing to spend more on vehicles for personal usage than commercial use. The large number of PVs compared to commercial vehicles also adds to the growth of the automotive interior market.
Asia-Pacific is estimated to lead the automotive interior market by region. The Asia-Pacific region comprises countries such as China, India, Japan, South Korea, and others. The tremendous vehicle production in countries such as China and Japan have led to the growth of the global automotive interior market in this region. The consumer disposable income for developing economies such as India and China has increased over the years, due to which the spending capability of consumers on automotive interior styling and components has witnessed a significant rise. These factors contribute to the growth of the market in the Asian region.
Request FREE Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=10199544
Contact:
Mr. Shelly Singh
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
About MarketsandMarkets(TM)
MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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