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Global Automotive Interior Market Insight January 5, 2022 Comments

Global Automotive Interior Market has witnessed growing treads over the five years. According to the World Knowledge Information (WKI)Global Automotive Interior Market Report 2021, Forecast to 2026. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 3.5% base on WKI regression analysis model.
Analysts’ Viewpoint:
“Although car sales are greatly affected by COVID-19, as the epidemic is brought under control and the sales of new energy vehicles gradually increase, the automotive interior market is expected to increase.”said Wikky, Senior analyst, Global Automotive Market Research Center in WKI.
Market Insight:
Automotive Interior manufacturers are increasing their R&D and investment in high-end products,the key players focus on product expansion to enhance their market share.According to Market News:Faurecia introduced active wellness seat,which detects the drivers stress level or drowsiness andtakes countermeasures to relieve those problems. The seat comes with enhanced features, such as massage facilityand uniquely designed sensors,which measure the heartbeat and the breathing rhythm of the driver. Prominentplayers operating in the automotive interior market have adopted strategies, such as acquisition,partnership,expansion, and product launch, to increase their market share and expand their geographical presence.
Competition Landscape:
The global Automotive Interiors market is dominated by major players such as Continental AG, Faurecia SA , Grupo Antolin.These companies have strong distribution networks at a global level. In addition, these companies offer an extensive product range in this market. These companies adopt strategies such as new product developments, collaborations, and contracts & agreements to sustain their market position.
Segmentation of Automotive Interior Market:
The market segmentation is based on material, Automotive Interior material is divided into Leather,Fabric,Viny,Wood,Glass Fiber Composite,Carbon Fiber Composite,MetalGlass fiber composite segment is expected to have the largest market during the forecast. It is being widely used in various automotive interior applications such as doors, dashboards, headliners, and insulation. It offers numerous benefits such as high impact resistance, low cost, less brittle, and light in weight. Also, it can be moulded into any shape easily. Glass fiber is a composite material or fiber reinforced plastic material produced from plastic and reinforced by small glass fibers (very fine). To manufacture this, glass is processed under a high temperature until molten state, and then passed through superfine holes. This results in glass filaments that are very fine, and are measured in microns. Glass fiber composite is widely used in instrument panels and door panels.
Automotive Interior Market: Regional Analysis
In terms of geography, the Global Automotive Interior market has been segmented into: North America, Asia-Pacific, Europe, South America, and the Middle East and Africa. Europe is expected to be the market leader followed by North America and Asia-Pacific.Due to its huge market potential, the Asia-Pacific region is expected to have rapid market growth.
CAGR: 3.5%
Largest share area:Europe
Largest share country:Germany