Market Size of Automotive Interior Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 132.43 Billion |
Market Size (2029) | USD 167.65 Billion |
CAGR (2024 - 2029) | 4.83 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
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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).
By Vehicle Type | |
Passenger Cars | |
Commercial Vehicles |
By Component Type | |
Instrument Panels | |
Infotainment Systems | |
Interior Lighting | |
Body Panels | |
Other Component Types |
By Geography | |||||||
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Automotive Interior Market Size Summary
The automotive interior market is poised for significant growth over the forecast period, driven by a resurgence in vehicle production and technological advancements in in-vehicle infotainment systems. The market, which experienced setbacks due to the COVID-19 pandemic, is expected to recover steadily as vehicle production ramps up. The integration of smartphone functionalities and touchscreen infotainment systems has transformed the in-car experience, enhancing driver comfort and convenience. This technological evolution, coupled with increasing consumer demand for safety, luxury, and advanced features, is propelling the market forward. Government initiatives supporting lightweight and safe vehicles further bolster market expansion, particularly in regions like Asia-Pacific, where demand for automotive interiors is robust.
Asia-Pacific leads the market in terms of consumption, with countries like Japan, China, and India driving demand through their large OEM bases and emerging electric vehicle markets. The region's growth is supported by collaborations among local players to innovate and produce advanced interior products. Key market participants, including Continental AG, Magna International Inc., and Faurecia, are actively engaging in strategic activities such as acquisitions and investments to enhance their competitive edge. These efforts are aimed at developing sustainable and technologically advanced interior solutions, ensuring the market's continued prosperity in the coming years.
Automotive Interior Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size in Value USD Billlion)
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2.1 By Vehicle Type
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2.1.1 Passenger Cars
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2.1.2 Commercial Vehicles
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2.2 By Component Type
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2.2.1 Instrument Panels
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2.2.2 Infotainment Systems
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2.2.3 Interior Lighting
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2.2.4 Body Panels
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2.2.5 Other Component Types
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2.3 By Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 South Korea
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 United Arab Emirates
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2.3.5.2 Saudi Arabia
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2.3.5.3 South Africa
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2.3.5.4 Rest of Middle-East and Africa
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Automotive Interior Market Size FAQs
How big is the Automotive Interior Market?
The Automotive Interior Market size is expected to reach USD 132.43 billion in 2024 and grow at a CAGR of 4.83% to reach USD 167.65 billion by 2029.
What is the current Automotive Interior Market size?
In 2024, the Automotive Interior Market size is expected to reach USD 132.43 billion.