The global automotive interior market is expected to grow

New York, March 23, 2022 (GLOBE NEWSWIRE) — announces the release of the report “Automotive Interior Market by Component, Material Type, Range Level, Electric Vehicle, Passenger Car Class, Type of ICE vehicle and region – Global Forecast to 2027” –
These cars, with their advanced technologies and radical designs, are expected to hit the market soon. The interiors of these cars must offer comfort and convenience and must incorporate the latest technologies. The growing demand for advanced automotive interior solutions and systems can be attributed to advances in semi-autonomous and autonomous technologies.

The BEV segment is expected to be the largest electric vehicle segment during the forecast period.
The demand for BEV is expected to increase in the coming years due to an increase in the adoption of stringent emission standards by governments in various countries. Several governments now provide subsidies for the use of environmentally friendly vehicles, thus encouraging the use of electric vehicles. .

Strict emissions regulations in the United States, especially in states like California and New York, have led to increased sales of electric vehicles. Electric vehicles tend to have a greater number of electronic/advanced systems.

Thus, the increasing number of electric vehicles will lead to an increased demand for advanced automotive interior systems. In Europe, the market for BEVs is expected to grow due to emissions regulation mandates and the development of electric vehicle infrastructure.

OEMs are also expanding their manufacturing facilities around the world to increase production of electric vehicles.

The passenger car segment is estimated to be the largest automotive interior market, by vehicle
The passenger car segment is expected to hold the largest automotive interior market share over the forecast period. Rising consumer purchasing power, growing sales of semi-luxury and luxury vehicles, and strong demand for convenience features are expected to drive the passenger car segment.

The advent of semi-autonomous and autonomous vehicles is also attributed to the overall market growth. Passenger vehicles are the most targeted segment for automotive interior manufacturers.

The technologies used in this type of vehicle change frequently due to high consumer demand for luxury and convenience features. In addition, government emissions and safety regulations change frequently.

Manufacturers must reduce the weight of passenger vehicles and offer comfort and safety to consumers at a lower price. Due to the growing demand for autonomous and electric vehicles, e-content is frequently increasing in passenger vehicle interiors, which in turn is driving the growth of the passenger vehicle interiors market.

The automotive interior market in Asia-Pacific is expected to grow at a significant rate during the forecast period.
Key growth drivers for the Asia-Pacific automotive interior market include growing demand for technology, growing need for a safe and secure driving experience, and an increase in the development of connected cars.
The significant demand for premium premium vehicles with advanced interior features and technologies such as HUD, power and heated seats with massage function, center console, rear seat entertainment and interior/ambient lighting fuels growth in the region. In addition, the region has the presence of renowned suppliers of automotive interior components, such as Continental AG (Germany), Grupo Antolin (Spain), Hyundai Mobis (South Korea) and Robert Bosch GmbH (Germany) are the main actors in this region.

The presence of major automakers, combined with technological prowess, would lead to a significant increase in demand for advanced interior systems and components in Asia-Pacific.
The study contains insights from various industry experts ranging from component suppliers to Tier 1 companies and OEMs. The distribution of the primaries is as follows:
• By business type: Tier 1: 45%, Tier 2: 15%, OEM: 40%
• By designation: level C: 31%, level D: 41%, other: 28%
• By region: North America: 28%, Europe: 23%, Asia-Pacific: 35%, Rest of the world: 14%
Some of the major players in the automotive interior market are Continental AG (Germany), Faurecia SA (France), Grupo Antolin (Spain), Hyundai Mobis (South Korea), Magna International Inc. (Canada), Adient (United States). United States), TVisteon (United States), Dräxlmaier Group (Germany), Panasonic Corporation (Japan) and others

Research Coverage:
The report segments the automotive interior market, by volume and value, on the basis of region (Asia-Pacific, Europe, North America and Rest of the World), components (center stack, door panel, panel dashboard, interior lighting, headliner). , dome module, HUD, rear entertainment, adhesives and tapes and seats), material (metal, vinyl, leather, wood, fabric, fiberglass composite and carbon fiber composite), autonomy level (semi- autonomous, autonomous, non-autonomous), electric vehicle (BEV, FCEV, HEV and PHEV), passenger car category (economy, mid-range and luxury) and vehicle type (PC, LCV and HCV). This report contains varying levels of industry analysis and company profiles, which highlight emerging and high growth segments of this market, competition mapping and market dynamics (drivers, restraints, opportunities and challenges).
The report contains different levels of analysis including industry analysis, industry trends and company profiles, which together comprise and discuss basic viewpoints on emerging and high growth segments. Automotive interior market growth, high growth regions and countries, government initiatives, and market dynamics such as drivers, restraints, opportunities, and challenges.

Reasons to buy the report:
The report enables new entrants and small businesses as well as established businesses to better understand the market to help them gain a larger market share. Companies purchasing the report can use one or a combination of the 4 strategies (Market Development, Product Development/Innovation, Market Diversification, and Competitive Assessment) mentioned below to strengthen their position in the market.

Key Benefits of Purchasing the Report:
• The report offers comprehensive information about the Automotive Interior market and major market players.
• The report provides detailed information about upcoming technologies, R&D activities and new product launches in the automotive interior market.
• The report offers comprehensive insights into the automotive interior market. The report analyzes the Automotive Interiors market across all regions and provides comprehensive insights into lucrative emerging markets.
• The report provides exhaustive information about new products, untapped regional markets, recent developments and investments in the automotive interior market.
Read the full report:

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