The Automotive Interior Market size is estimated at USD 132.43 billion in 2024
Automotive Interior Market
| REPORT ATTRIBUTE | DETAILS |
|---|---|
| MARKET SIZE (2023) | USD 132.43 billion |
| MARKET SIZE (2023) | USD 167.65 billion |
| CAGR (2023-2029) | 4.83% |
| HISTORIC YEAR | 2030 |
| BASE YEAR | 2023 |
| FORECAST YEAR | 2023 |
| BY TYPE | Passenger Cars Commercial Vehicles |
| BY APPLICATION | Applications |
| GEOGRAPHIC ANALYSIS | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| KEY PLAYERS | Continental AG, Magna International Inc., Denso Corporation, Faurecia, Adient, and Others. |
MARKET OVERVIEW
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 impeded the expansion of the automotive interior market by disrupting vehicle production. Nonetheless, a gradual recovery in vehicle manufacturing post-2020 is anticipated to bolster market growth in the foreseeable future. For instance, Marelli experienced notable disruptions due to COVID-19 during the initial two quarters of 2020. Following a nationwide lockdown in March 2020, the company had to temporarily close its facilities for approximately two weeks. However, operations resumed in April 2020 with necessary precautions in place.
Automotive Interior Market
Size, by Product, - (USD Billion)
Other Products
The Market will Grow
At the CAGR of:
4.83%
The Forecast Market
Size for in USD:
$132.43B
Technological advancements, particularly in in-vehicle infotainment systems, have significantly propelled growth in the automotive interiors market. Notably:
Integration of smartphone functions into in-vehicle infotainment systems has gained traction, especially in North America and Europe, where a vast majority of adults have internet access through their mobile devices. This trend has led to an increase in the incorporation of smartphone features into car systems.
Touchscreen infotainment systems have revolutionized the in-cabin experience, with recent advancements introducing predictive touchscreen features that respond to commands without physical contact. This innovation has enhanced driver comfort and convenience, driving further adoption.
Rising consumer safety concerns, continuous technological innovations, and a growing demand for luxury vehicles are expected to fuel market growth. Additionally, government initiatives supporting the development of lightweight and safe vehicles are projected to contribute to market expansion.
In terms of consumption, the Asia-Pacific region holds the largest share in the automotive interior materials market, with Japan and China leading the demand. Furthermore, India's improving product demand outlook, coupled with its substantial base of automobile manufacturers, presents another growth opportunity. Europe, with its sizable OEM presence, is also poised to contribute to market expansion in interior materials.
Automotive Interior Market
Share, by end user, (USD Billion)
Other End-Users
132.43
Total Market Size
USD (Billion),
4.83%
CAGR
-
MARKET TRENDS & DRIVERS
This section outlines the prominent trends influencing the Automotive Interior Market as per insights from our research experts:
Infotainment System Set to Lead Automotive Interiors Market
The infotainment system emerges as the primary segment in the automotive interiors market. Previously, vehicles featured only one infotainment screen, but with technological advancements, the number and size of these screens are on the rise.
Consequently, infotainment screens have become the central focus for automakers, integrating cutting-edge technological capabilities. For instance, in 2022, Mercedes-Benz introduced its S-class fleet, including the S350d and S450 models, into the Indian market, importing 150 new cars. The vehicle's infotainment system captivates consumers with features like 64-color ambient lighting and rear seat infotainment screens, delivering ultimate comfort and luxury.
Automakers continuously enhance their infotainment systems to offer customers the latest features and technologies.
Automotive Interior Market
Size, by Product, - (USD Billion)
The Market will Grow
At the CAGR of:
4.83%
The Forecast Market
Size for in USD:
$132.43B
Recent launches and models include:
Jeep's proposal in 2022 suggests that the Jeep Grand Cherokee 2022 model may feature two rear seat infotainment screens, along with a dashboard screen for the front-seat passenger to engage with the driver's navigation system.
Toyota unveiled its new Tundra TRD truck segment in 2022, powered by a 3.5-liter V6 twin-turbo hybrid engine. From the consumer's perspective, the pickup truck's interior is promising, featuring an in-dash infotainment system that adjusts brightness randomly without affecting natural lighting.
Rivian's 2022 launch of its electric pickup truck caters to the demands of discerning consumers. The newly introduced pickup truck boasts decorated ash wood on the dash infotainment system board, featuring a 12.3-inch landscape-oriented screen built-in just above the car's HVAC vents.
As vehicles incorporate more connected features, telecom and technology players are collaborating with major automotive manufacturers to develop optimal connectivity and infotainment solutions for customers.
Considering these factors and the evolution of in-vehicle infotainment systems, the automotive interiors market is poised for prosperity in the forecast period.
Automotive Interior Market TO (USD BN)
CAGR OF
4.83%
Automotive Interior Market
Automotive Interior Market News
- In May 2022, Faurecia announced a USD 147 million investment in developing a new facility in Nuevo Leon, Mexico. The factory will serve the company's Interiors and Seating Business Groups and will be a combined operation. Faurecia's Interiors Business Group will receive USD 75 million of the overall investment to boost production, which will initially be utilized to develop and install instrument panels and other interior modules. Faurecia's Seating Business Group will receive the remaining USD 72 million.
- In May 2022, Faurecia and Veolia signed an agreement to develop innovative compounds for automotive interior modules jointly. Through this partnership, the two companies will accelerate the deployment of breakthrough sustainable interiors solutions implemented in European instrument panels, door panels, and center consoles.
- In April 2022, Continental opened a greenfield plant in Pune, India, where it will manufacture surface solutions materials primarily for the Indian automotive and two-wheeler markets. Continental will produce premium surface materials for car interiors, including electric vehicles and two-wheeler seats, with investments totaling approximately INR 2 billion (more than EUR 20 million), primarily for the domestic market and exports.
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).
Automotive Interior Market - Global Outlook & Forecast 2024-2029
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