Global Automotive Interior Components/Accessories Market: Overview
Automotive interior components/accessories are supplementary devices in the automobiles for purposes such as safety, appeal, convenience, and others. These interior accessories in the vehicle are referred to the seats, dashboards, cockpit, and door panels. Automotive interiors are increasingly gaining popularity, as the population is highly preferred visual appearance, which influences the sale of the passenger cars. The buyer also gives more importance to the safety of life while choosing such cars. Cars with extraordinary interiors and quality come under the category of expensive premium and luxury cars.
Global Automotive Interior Components/Accessories Market: Growth Factors
World population is moving towards to cleaner and greener technologies hence many companies are focusing towards high fuel efficient and low-emission systems this is anticipated to drive the global automotive interior components/accessories market growth. Additionally, with the advent of lightweight material, they are majorly used in manufacturing vehicle interiors; it provides high-rigidity for structural carriers and reduces vehicle weight coupled with enhancing fuel-efficiency this may boost the global market growth in future. Conversely, a restriction set by the government on materials used in the manufacturing of vehicle interior and its disposal is the major challenge before the global automotive interior components/accessories market.
Global Automotive Interior Components/Accessories Market: Segmentation
The global automotive interior components/accessories market is divided based on the component as interior lighting, door panel, cockpit module, infotainment system, headliner, and seat. On the basis of type, the global market is categorized as a heavy commercial vehicle, passenger car and light commercial vehicle. Of these, passenger car segment is the dominating segment across the world and holds the largest share in automotive interior components/accessories market.
Global Automotive Interior Components/Accessories Market: Regional Analysis
Geographically, the global automotive interior components/accessories market is segregated as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is the leading region in the global market as automotive industries are growing in this region. Increasing geriatric population hence demand more safe and comfortable passengers in North America is escalating; this may foster the global market is the coming years. Europe is another region is growing at a faster rate due to the presence of a major player in this region. However, increasing demand for better performance coupled with the safety of the passengers is expected to drive the global market in Europe. Moreover, Asia Pacific grabs the largest market share in the global automotive interior components/accessories market as one-third of the world population residing in China and India; this is anticipated to witness growth in future. In addition, developing the economy and increasing disposable incomes also boost the global market. Increasing government support and expansion of the market for attractive automotive interiors is projected to propel the global market growth.
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Global Automotive Interior Components/Accessories Market: Competitive Players
Major players available in the global automotive interior components/accessories market are Faurecia, Visteon, Johnson Controls, and Continental AG.