Automotive Interiors Market
Opportunities and Forecasts, 2014- 2022
Automotive Interiors Market: Future and Growth • Automotive Interiors Market is expected to garner $236.2 billion by 2022 • Registering a CAGR of 6.5% during the forecast period 20162022 • Asia-Pacific is the leading market of automotive interiors, followed by Europe • Automotive seat is the largest revenue contributor, anticipated to account for over 40% of the total market revenue, throughout the forecast period
Automotive Interiors Market: Factors Contributing to Market Growth • Increasing preference of consumers towards attractive and comfortable interiors • Rising disposable income • Technological advancements in LED light • Increasing trend of interior lighting customization among the buyers
• Demand of luxurious seating systems
Automotive Interiors Market: Key Factors • LAMEA would region is likely to be one of the fastest growing markets, in terms of revenue, with an anticipated CAGR of around 7.1%, from 2016 to 2022 • The automotive seat segment is expected to maintain its prominent foothold in the market throughout the forecast period. However, interior lighting is estimated to be the fastest growing segment. • The passenger car segment accounted for more than two-thirds of the market share in 2015 and is anticipated to maintain its share throughout the analysis period.
Automotive Interiors Market Segmentation
By Vehicle Type
By Component
Passenger Car
Cockpit Module
Commercial vehicles
Flooring Door Panel Automotive Seat
Interior Lighting
Automotive Interiors Market Segmentation Geographically, the market is segmented as: • Asia-Pacific dominated the automotive interiors market accounting for over 37% share in 2015, in terms of revenue, owing to lower transportation and labor costs, and easy availability of raw materials. • LAMEA would region is likely to be one of the fastest growing markets • Other regions generating market revenue are North America & Europe
Automotive Interiors Market: Key Players •
• • • • • • • • •
Grupo Antolin Faurecia S.A. Johnson Controls Inc. Calsonic Kansei Corp. Visteon Corporation Lear Corporation Delphi Automotive Plc. Hyundai Mobis Company, Ltd Magna International Inc. and International Automotive Components Group S.A. (IAC).
Summary: On the basis of vehicle type, passenger cars generated higher revenue in comparison with commercial vehicle, accounting for over 78% of the market revenue in 2015. The passenger car segment would continue to lead the market throughout the analysis period, owing to the continuous development of technologically advanced infotainment and active safety systems, which facilitate a safe and superior driving experience.
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