Interior of a modern car
Overview and Scope
The automotive centre console refers to the storage compartment between the driver’s seat and the front passenger seat. It can also refer to the central parts of the dashboard. In most modern cars, the centre console is located behind the gearstick. A central console can have many features, such as electronic gadgetry and vehicle control information.
Sizing and Forecast
The automotive centre console market size has grown strongly in recent years. It will grow from $31.3 billion in 2023 to $33.74 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to rise of modern electric vehicles, changing consumer behavior,limited connectivity features, simple storage compartments.
The automotive centre console market size is expected to see strong growth in the next few years. It will grow to $44.42 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to 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 integration of large touchscreen displays, customizable ambient lighting, connectivity with iot and smart home devices, wireless charging for devices, multi-functional and modular console designs.
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Segmentation & Regional Insights
The automotive centre console market covered in this report is segmented –
1) By Type: Touch Screen, Buttons and Controls
2) By Vehicle Type: Passenger Vehicle, Premium Cars, Compact Cars, Mid-Size Cars, Luxury Cars, SUV, Electric Vehicle
3) By Distribution: Original Equipment Manufacturer, After Market
Asia-Pacific was the largest region in the automotive centre console market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive centre console 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
The rapidly growing demand for electric vehicles is significantly contributing to the growth of the automotive centre console market. Safe, secure, and robust centre control systems are an integral part of an electric car. Centre consoles in electric cars are used for navigation and touch controls. For instance, in February 2023, the Bureau of Labor Statistics, a USA-based unit of the United States Department of Labor published an article according to which electric vehicle sales in the United States is expected to reach 40% of total passenger car sales by 2030, and more optimistic projections foresee electric vehicle sales surpassing 50% by the year 2030. Thus, the increasing demand for electric vehicles will drive the automotive centre console market.
Key Industry Players
Major companies operating in the automotive centre console market report are AGM Automotive LLC, Alps Electric Co. Ltd., Calsonic Kansei Corp., Continental AG, Delphi Automotive plc, Emerson Electric Co., Faurecia SA, Hyundai Mobis Co, Johnson Controls Inc., Lear Carporation, MVC Holdings LLC, Novem Car Interior Design, Yanfeng International Automotive Technology Co. Ltd., Draxlmaier Group, Grammer AG, Magna International Inc., Toyota Boshoku Corporation, Novares Group SA, Langfang Huaan Automobile Equipment Co. Ltd., Visteon Corporation, Inteva Products LLC, Grupo Antolin Irausa SA, Tachi-S Co. Ltd., International Automotive Components Group, F S Fehrer Automotive GmbH, Adient plc, Brose Fahrzeugteile GmbH & Co. KG, Schaeffler AG, Robert Bosch GmbH, Kasai Kogyo Co. Ltd., Shiroki Corporation
The automotive centre console market report table of contents includes:
1. Executive Summary
2. Automotive Centre Console Market Characteristics
3. Automotive Centre Console Market Trends And Strategies
4. Automotive Centre Console Market – Macro Economic Scenario
5. Global Automotive Centre Console Market Size and Growth
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26. South America Automotive Centre Console Market
27. Brazil Automotive Centre Console Market
28. Middle East Automotive Centre Console Market
29. Africa Automotive Centre Console Market
30. Automotive Centre Console Market Competitive Landscape And Company Profiles
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