The Automotive Interior Global Market Report 2023 by The Business Research Company, provides automotive interior market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Automotive Interior Global Market Report 2023, the market size is expected to grow from $136.59 billion in 2022 to $149.36 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global automotive interior is expected to grow to $201.99 billion in 2027 at a CAGR of 7.8%.
Growing demand for luxury vehicles is expected to propel the growth of the automotive interior market going forward. Luxury vehicles refer to a vehicle that has high-end features that go above and beyond the usual necessities. These vehicles have more luxurious interiors, superior performance capabilities, and the latest safety and technological features due to the use of automotive interiors.
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The automotive interior market is segmented:
1) By Vehicle Type: Passenger Car, Commercial Vehicle
2) By Component: Infotainment System, Instrument Panels, Interior Lighting, Body Panels, Other Components
3) By Application: Dashboard, Seats, Airbags, and Seat Belts, Door Panel and Trims, Carpet and Headliners
The easy-return seat function has emerged as the key trend gaining popularity in the automotive interiors market. Major companies operating in the automotive interiors market are introducing new products to sustain their position in the market. For instance, in February 2020, Toyota Boshoku Corporation, a Japan-based automotive component manufacturer, developed a driver’s easy return seat function that enables a comfortable ride for petite passengers. This helps to easily adjust the seat position every time they enter and exit the seat. This seat function is available in their new model, the Toyota Yaris.
The automotive interior market report table of contents includes:
1. Executive Summary
2. Automotive Interior Market Characteristics
3. Automotive Interior Market Trends And Strategies
4. Automotive Interior Market – Macro Economic Scenario
5. Automotive Interior Market Size And Growth
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26. Africa Automotive Interior Market
27. Automotive Interior Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Interior Market
29. Automotive Interior Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Adient plc
- Calsonic Kansei Corporation
- Faurecia SE
- Hyundai Mobis
- Lear Corporation
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