According to Custom Market Insights (CMI), The Global Global Automotive Interior Accessories Market Size was valued at USD 153.5 billion in 2021 and is estimated to reach USD 201.2 billion by the end of 2030 at a CAGR of approximately 5.6% during the forecast period 2022-2030.
The growing demand for premium features and enhanced safety are expected to drive market growth in the coming years. To provide better convenience to consumers, manufacturers are constantly engaged in developing better products in the market. Advanced and lightweight materials are used on a large scale to provide an innovative finish to automotive interiors.
Browse the full “Automotive Interior Components/Accessories Market Size, Trends and Insights By Component (Center Stack, Head-Up Display, Instrument Cluster, Rear Seat Entertainment, Dome Module, Headliner, Seat, Interior Lighting, Door Panel, Adhesives & Tapes, Others), By Material (Leather, Fabric, Vinyl, Wood, Glass Fiber Composite, Carbon Fiber Composite, Metal), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” report at ReportURL
Market Dynamics
Drivers
Constant research and development in this field have led to the introduction of advanced technologies and new materials, providing better comfort for users. These materials are light in weight, and they help in improving the efficiency of automotive’s. Weight reduction plays an extremely important role, due to which the new materials are used in making the interior components of the automotive’s, especially for the manufacturing of the seating.
The demand for lightweight seating has grown in recent years, and manufacturers are also focusing on the same. That seat structures that are light in weight provide an upper hand for the manufacturers. It makes the vehicle efficient as it helps in saving fuel. The different types of plastics available for the original equipment manufacturers to utilize in the interiors of the cars will play an extremely important role in the market’s growth in the coming years.
Polyvinyl chloride is used on a large scale for instrument panels and vehicle doors. Depending upon the type of vehicle, different types of finishes are given to the seeds and the dashboards. For the automotive’s offered in a cost-sensitive market, plastics that are cheaper in cost are used to finish the interiors.
Restraints
Electronic components that are used in the interiors of automotive’s are expensive. As these products provide a good experience to the consumers and it also helps them provide better convenience, the demand for these components has grown. But these electronic components are expensive; therefore, they are used or provided in luxury cars as they are expensive. There is no hesitation in the consumers that seek luxury cars to pay extra for renovations and convenience. But these features cannot be offered in the economic vehicles, which is expected to be the major restraint in the market’s growth in the coming years.
Opportunities
The demand for autonomous and semi-autonomous vehicles has grown in recent years. The incorporation of various technologies in the interior of these automobiles out of the advanced type. The option provided in these cars in driverless mode is expected to provide better opportunities for the market in the coming years. Companies like Volkswagen, Audi, and BMW or engaged in providing driverless modes.
Challenges
When it comes to the use of technology, new systems for navigation come up every year. The original equipment manufacturers see this technological advancement as a major challenge in the market’s growth. The pace at which new technologies are introduced in the market constantly challenges the interior components offered in the vehicles in the production phase. And this is one of the difficulties that the original equipment manufacturers face.
Report Highlights
The comfort of the seats is of major importance when it comes to commercial or passenger vehicles. The growth of the automotive accessories market is driven by the seats provided in the vehicles. Comfort plays an extremely important role in creating demand for various vehicles. It enhances the experience of the passengers. Adjustments to the sitting and customization or some other features will drive the market growth in the coming year.
Due to the introduction of new materials that are used in the making of their interior components vehicles, the glass fiber composite segment is used on a larger scale, and it is expected to drive the market growth in the coming years period it is lightweight, low in terms of cost and it has resistance to high impact. This material is used indoor panels and instrument panels on a large scale. It is also used for insulation and headliners.
Regional Snapshots
The demand for enhanced automotive interiors shall be higher in the Asia Pacific region. This region will dominate the market in the coming years. The need for luxury and comfort is also growing as the production of various vehicles has increased in the Asia Pacific region. Across the world, the Asia Pacific region is considered the largest vehicle manufacturer. This is one of the reasons which creates more demand for the components in the automotive interior.
Economy or small cars are sold on a large scale in the Asia Pacific region, which shall be a reason for the increased adoption of various automotive components. The manufacturers like Hyundai, Honda, and Toyota use advanced features in the seating electronics and the lighting provided in these cars. China is expected to play a significant role in the growth of the Asia Pacific region in the coming year. The demand for interior automotive accessories will grow in the North American region in the coming years. Increasing demand for autonomous vehicles is expected to play an instrumental role in the market’s growth in the coming years. Increasing demand for infotainment will lead to the growth of the market.
The rich taste of the consumers in the European region will demand luxurious interiors for various vehicles in the coming years. The growing demand for premium and luxury cars in the European region will drive market growth in the coming years.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 153.5 Billion |
| Projected Market Size in 2030 | USD 201.2 Billion |
| CAGR Growth Rate | 5.6% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | Denso (Japan), Panasonic (Japan), Pioneer (Japan), Robert Bosch (Germany), Continental (Germany), Faurecia (France), Hyundai Mobis (South Korea), and Others |
| Key Segment | By Component, Material, Vehicle Type, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. |
Key Players
- Denso (Japan)
- Panasonic (Japan)
- Pioneer (Japan)
- Robert Bosch (Germany)
- Continental (Germany)
- Faurecia (France)
- Hyundai Mobis (South Korea)
Recent Developments
- An innovative display was provided by continental in the year 2021. Shytech display is a product that provides assistance to drivers by giving access to important information.
Segments covered in the report
By Component
- Center Stack
- Head-Up Display
- Instrument Cluster
- Rear Seat Entertainment
- Dome Module
- Headliner
- Seat
- Interior Lighting
- Door Panel
- Adhesives & Tapes
- Others
By Material
- Leather
- Fabric
- Vinyl
- Wood
- Glass Fiber Composite
- Carbon Fiber Composite
- Metal
By Vehicle Type
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America