ÌÇÐÄvlog´«Ã½

Automotive Interior Market Analysis

The Automotive Interior Market size is estimated at USD 132.43 billion in 2024, and is expected to reach USD 167.65 billion by 2029, growing at a CAGR of 4.83% during the forecast period (2024-2029).

The COVID-19 pandemic has hindered the growth of the automotive interior market due to its impact on vehicle production. However, a steady recovery post-2020 in vehicle production will support the development of this market in the coming years. For instance, Marelli had a significant impact on COVID-19 on its overall production in the first two quarters of 2020. The company had to shut its facilities for around two weeks in the country after the nationwide lockdown, which started in March 2020. However, the company resumed its operations in April 2020 with the necessary measures.

There have been several technological dominance followed in-vehicle infotainment systems, which has provided a significant boost to the automotive interiors market growth. For instance:

• There is a rise in smartphone functions built into in-vehicle infotainment systems. In North America and Europe, over 90% of adults have access to the internet through their mobile phones, which is also among the highest among other regions. As mobile phone use has risen, smartphones for the same purposes in their cars have also increased.
• Manufacturers are introducing a touchscreen infotainment system, which has completely changed the in-house cabin experience. Today, after several new advancements seen by the touch screen infotainment system, manufacturers have introduced a predictive touchscreen feature that shall follow the instruction without actually touching the screen. This has improved drivers' comfort and ease, thus gaining momentum.

Increasing consumer safety concerns, rising technological advancements, and a surge in demand for luxurious vehicles are expected to boost the market growth. Government support for lightweight and safe vehicles will likely surge the market growth.

Asia-Pacific accounted for the largest share in terms of consumption in the automotive interior materials market. Japan and China will be the primary support for the region's increasing demand. Moreover, an improved outlook for product demand in India is another potential factor for growth. With its sizeable OEM base of automobile manufacturers, Europe will also add to the order in the interior material market.

Automotive Interior Industry Segmentation

Automotive interiors of the vehicles consist of infotainment systems, instrument panels, body panels, etc. The automotive interior plays a vital role in a vehicle's performance, aesthetic appeal, and salability.

The automotive interiors market scope of the report covers segmentation based on vehicle type, component type, and geography.

The market is segmented by Vehicle Type: Passenger Cars and Commercial Vehicles.

By Component type, the market is segmented into Infotainment Systems, Instrument Panels, Interior Lighting, Body Panels, And Other Component Types.

By geography, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the world.

For each segment, the market sizing and forecast have been done based on value (USD billion).