The global automotive interiors market is set to reach $188.46 billion by 2030, outlines a new report by Next Move Strategy Consulting – GlobeNewswire | Region & Cash

NEW YORK, Aug. 04, 2022 (GLOBE NEWSWIRE) — According to the report published by Next Move Strategy Consulting, the global automotive interiors market generated US$129.32 billion in 2021 and is projected to reach US$188.46 billion by 2030, at a CAGR of 4.3% from 2022 to 2030. The study provides a comprehensive analysis of the top segments and sub-segments, drivers and opportunities, as well as the current market size and estimates, and the competitive landscape of the market.

By discussing the changing market dynamics and providing in-depth analysis in 352 pages, supported by nearly 200 tables and around 170 figures, the report becomes a valuable guide to take steps for sustainable growth and gain a competitive advantage. The study also highlights the market share analysis of top 10 automotive interiors players.

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report coverage details
forecast period 2022-2030
base year 2021
Market size in 2021 $129.32 billion
Market size in 2030 $188.46 billion
CAGR 4.3%
number of pages 352
tables 199
Counting 169
segments covered component, vehicle type and geography.
driver Advances in in-vehicle infotainment systems
Tendency to economical and light models
occasions Advances in product technologies and modernization of automotive infrastructure
Increasing use of artificial intelligence (AI) and Internet of Things (IoT) in the automotive industry

The report provides changing market dynamics of the global Automotive Interiors Market based on driving forces, restraining factors, and opportunities. These insights are helpful in developing strategies for the future based on factors that would provide opportunities for growth. Advances in in-vehicle infotainment systems, the focus on driver and passenger safety, the drive toward fuel-efficient and lightweight models, and the increasing demand for premium vehicles are driving the growth of the market. However, high raw material costs and the lack of efficient recycling processes are holding back market growth.

Highlighting the opportunities opening up new avenues for the expansion of the global automotive interiors market in the coming years, the senior analyst for the Automotive & Transportation category at Next Move Strategy Consulting stated, “Advancements in product technologies and modernization of automotive infrastructure present new opportunities in the coming years. The increasing use of artificial intelligence (AI) and Internet of Things (IoT) in the automotive industry also opens up new possibilities for vehicle interiors.”

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The report provides an in-depth analysis of each segment and sub-segment of the global Automotive Interiors Market. The key segments analyzed in the study include Components, Vehicle Types, and Geography. The research also analyzes its sub-segments with the help of tabular and graphical representation. Based on the components, the research segments the market into Floor Coverings, Cockpit Modules, Door Panels, Interior Lights, Car Seats, and Others. The cockpit module segment is further divided into infotainment system, instrument cluster, telematics and others. According to vehicle type, the research divides the market into passenger cars and commercial vehicles. The commercial vehicle segment is divided into light commercial vehicles and heavy commercial vehicles.

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On the basis of geography, the report further segments the market into North America, Europe, Asia Pacific and RoW. Based on the report, North America accounted for the highest revenue in 2021 and is estimated to retain its largest contribution over the forecast period. This is attributed to advances in technology, the reliance on automobiles for passenger transportation, the economic feasibility of premium vehicles, and strict regulatory standards related to fuel economy. However, steady growth is forecast for Asia-Pacific until 2030. This is due to advances in vehicle infotainment, an increasing demand for passenger cars and an increasing number of manufacturing plants.

The report analyzes each region and their respective countries based on segments and sub-segments. This analysis aims to provide useful information on the market conditions in different regions and to determine the steps that need to be taken to gain an international presence in the global automotive interiors industry.

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The research provides the detailed competitive landscape of the global Automotive Interiors market. Leading players analyzed in the study include Calsonic Kansei Corp., Faurecia Interior System, Adient, Grupo Antolin, Hyundai Mobis Company, Robert Bosch, IAC Group, Yanfeng Automotive Interiors, Lear Corporation and Visteon Corporation. They pursued various strategies such as collaborations and product launches to gain competitive advantages and increase their market share.

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About us:

Next Move Strategy Consulting is a leading market research and management consulting firm committed to providing clients with strategically analyzed, well-documented, cutting-edge research reports. The research industry is awash with many companies to choose from. What sets Next Move apart from the rest is its world-class research and obsession with turning data into knowledge by analyzing every piece of it and providing fact-based research recommendations backed by information gathered from over 500 million websites, paid databases, industry journals, and One-on-one consultations with industry experts from a variety of industries have been collected. The high quality, customized research reports with actionable insights and excellent end-to-end customer service help our clients make important business decisions that enable them to go ahead and have a competitive advantage in the industry.

We’ve served over 1,000 customers worldwide for over a decade, including 90% of the Fortune 500 companies. Our analysts constantly follow various high-growth markets and identify hidden opportunities in each sector or industry. We offer one of the industry’s best syndicates as well as custom research reports for 10 different industry verticals. We strive to deliver high quality research solutions in alignment with your business needs. Our industry-standard delivery solutions, ranging from pre-consultation to after-sales service, provide a superior customer experience and ensure the right strategic decision-making for businesses.


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