The automotive interior components is projected to grow at an amount of US$305.1 billion by 2019, with a CAGR of 6.31% respectively from 2014 – 2019.
This is according to the report “Automotive Interior Components Market by Product (Cockpit Module, Seat, Door Panels, Infotainment System, Lighting & Headliner), Application (PC, LCV & HCV) And by Region (Asia-Oceania, North America, Europe & ROW ) – Global Forecasts & Analysis to 2019 ” published by MarketsandMarkets.
Asia-Oceania: The largest automotive interior components market
The Asia-Oceania region includes countries such as China, Japan, and India among others (Indonesia and Vietnam). Increasing purchasing power of the people and rising need for comfort level in vehicles in developing countries such as China and India has resulted in increasing demand for vehicles equipped with high-quality interiors and is expected to grow with a promising CAGR.
Robust economic growth and expanding population are also supporting growth rates across Asia-Oceania countries. The region has strong presence of major equipment manufacturers such as Lear Corporation (U.S.), Hyundai Mobis Co., Ltd (South Korea), Toyota Boshoku Corporation (Japan), and Tachi-S Co., Ltd. (Japan).
The report covers the Automotive Interior Components Market in terms of volume and value. The market size, from 2012-2019 with regard to volume, is provided in terms of units, whereas the value of the market is provided in terms of USD $million. The Automotive Interior Components Market is broadly classified by region (Asia-Oceania, Europe, North America, and RoW), focusing on key countries in each region.
The report classifies and defines the Automotive Interior Components Market and provides qualitative and quantitative insights of the industry. It also offers a comprehensive review of market drivers, restraints, opportunities, challenges, and key issues in global automotive interiors market. The key players in this market have also been identified and profiled.