Automotive Interior Components Market, By Type (Infotainment, Instrument Cluster, Telematics, Flooring, and Others (Automotive Seats, Door Panel, and Interior Lighting), By Application (Passenger Vehicle, and Commercial Vehicle), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

Automotive interior component is consisting of various components such as steering wheel, speedometer or fuel gauge, air ventilation, audio systems etc. It is composed of a single piece of molded plastics, or several pieces of plastics. As other areas of manufacturers have evolved, interior panels being made from pieces of metal, to thin pieces of cardboard, to molded plastics, fiberglass and wood. The designer tackles the challenge of fitting together all the components of the car while maintaining its aesthetics and comfort. Designers decides which materials to be used for designing interiors. Polypropylene is used the most frequently of any plastic in automotive manufacturing. Being a thermoplastic polymer, it can easily be formed into almost any shape. It has excellent chemical and heat resistance and is generally resistant to impact. The dashboard had been made up of different components such as acrylonitrile-butadiene-styrene (ABS), Styrene maleic anhydride (SMA), Polyphenylene ether and Polycarbonate are the materials commonly used. The automotive interior components market accounted for US$ 197.63 billion in 2020 and is estimated to be US$ 329.95 billion by 2030 and is anticipated to register a CAGR of 5.3%.

Rising adoption of lightweight materials in automobile sector

The introduction of new materials and increasing advancement in technologies has allowed manufacturers to reduce the weight of vehicle and design the interiors in better way are the key factors which increases the growth of the target market. Increasing fuel efficiency by using the light weight materials is the main aim of automotive industry. Rising awareness among consumers of using beneficial materials in the vehicles is another factor which propels growth of the particular market. The consumer looking to design the car according their choices is the major factor driving the growth of the target market.

However, high installation cost and volatility in raw material costs is the main factor which restraints the growth of the specific market.

Automotive interior components market is segmented based on type, application, and region.

On the basis of product, the automotive interior components market is segmented into Infotainment, Instrument Cluster, Telematics, Flooring, and Others (Automotive Seats, Door Panel, and Interior Lighting). On the basis of application, the target market is segmented into Passenger Vehicle and Commercial Vehicle.

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the automotive interior components market report based on type, application, and region.

Automotive Interior Components Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating in the automotive interior components market includes Toyoda Gosei, Toyota Boshoku, Lear Corporation, NTF India, Sage Automotive, BASF Automotive Solutions, Faurecia.

 Faurecia:

They have acquired of Hella Shares, including 60% of Hella Shares from a pool of family shareholders, for application 52.1 % cash, 7.9 % in newly issued Faurecia shares, and 19.5% as part of the settlement of the public takeover offer.

• Toyoda Gosei
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Toyota Boshoku
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Lear Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• NTF India
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Sage Automotive
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• BASF Automotive Solutions
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Faurecia
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies