DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "World Automotive Interiors Market - Opportunities and Forecasts, 2015-2022" report to their offering.
The world automotive interiors market is estimated to reach $236.2 billion by 2022, growing at a CAGR of 6.5% during the forecast period (2016-2022). Asia-Pacific is the leading market of automotive interiors, followed by Europe. Factors such as increasing preference of consumers towards attractive and comfortable interiors coupled with the rising disposable income have resulted in the overall increase in demand for vehicles equipped with superior quality interiors.
The rising demand of luxurious seating systems is fostering the market growth for automotive seats. Cockpit module, which encompasses audio systems, infotainment, instrument cluster, telematics and others, would be the second highest revenue-generator throughout the analysis period. Interior lighting is anticipated to be the most lucrative segment in terms of growth, with an anticipated CAGR of 10.4% from 2016-2022. The growth is attributable to the technological advancements in LED lights and increasing trend of interior lighting customization among the buyers.
On the basis of vehicle type, passenger cars generated higher revenue in comparison with commercial vehicle, accounting for over 78% of the market revenue in 2015. The passenger car segment would continue to lead the market throughout the analysis period, owing to the continuous development of technologically advanced infotainment and active safety systems, which facilitate a safe and superior driving experience.
Based on geography, Asia-Pacific dominated the automotive interiors market accounting for over 37% share in 2015, in terms of revenue, owing to lower transportation and labor costs, and easy availability of raw materials.
- Faurecia S.A.
- Lear Corporation
- TACHI-S CO.
- Grupo Antolin
- Johnson Controls Inc.
- Visteon Corporation
- Delphi Automotive Plc.
- Calsonic Kansei Corporation
- Hyundai Mobis Company Ltd.
- International Automotive Components Group S.A. (IAC)
Key Topics Covered:
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. WORLD AUTOMOTIVE INTERIORS MARKET BY COMPONENT, 2015 - 2022
5. WORLD AUTOMOTIVE INTERIORS MARKET BY VEHICLE TYPE, 2015 - 2022
6. WORLD AUTOMOTIVE INTERIORS MARKET BY GEOGRAPHY, 2015 - 2022
7. COMPANY PROFILES
For more information about this report visit http://www.researchandmarkets.com/research/lhl7sn/world_automotive
Related Topics: Automotive Interior Components