Market Size of Asia Pacific Automotive Interiors Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Automotive Interiors Market Analysis
The Asia Pacific automotive interiors market is anticipated to register a CAGR of about 7% during the forecast period (2020 - 2025).
- Automotive interiors of the vehicles consist of Infotainment system, instrument panel, body panels, etc. Automotive interior plays a very important role in vehicle's performance, aesthetic appeal and salability.
- In order to meet the need for creating fuel-efficient and lightweight systems, manufacturers are coming up with a lightweight material to use in the automotive interiors, which is driving the automotive interior market. For example, manufacturers are now using lightweight materials such as high strength steel and thermoplastic to manufacture automotive parts such as reinforced glass and heat insulation systems.
- Due to rising customer expectations and fierce competition, a large number of car manufacturers are offering infotainment systems even in entry-level cars. This, in turn, may boost the infotainment market and as a result, the infotainment systems subcategory is expected to be the fastest growing.
- Currently, vehicles are equipped with advanced gadgets, such as an entertainment system, hands-free connectivity, and global position system (GPS), to enhance the driving experience.
APAC Automotive Interiors Industry Segmentation
The Asia Pacific Automotive Interior Market covers the latest trends and technological development in the automotive interior, demand of the vehicle type, component type, countries and market share of major automotive interior manufacturers across the Asia Pacific region.
| Vehicle Type | |
| Passenger Cars | |
| Commercial Vehicles |
| Component Type | |
| Infotainment System | |
| Instrument Panels | |
| Interior Lighting | |
| Body Panels | |
| Door Panels | |
| Flooring | |
| Others |
| By Country | |
| China | |
| India | |
| Japan | |
| South Korea | |
| Rest of Asia-Pacific |
Asia Pacific Automotive Interiors Market Size Summary
The Asia Pacific automotive interiors market is experiencing significant growth, driven by the increasing demand for fuel-efficient and lightweight materials in vehicle interiors. This demand is prompting manufacturers to innovate with materials like high-strength steel and thermoplastics, enhancing the performance and aesthetic appeal of vehicles. The market is characterized by a competitive landscape, with numerous car manufacturers integrating advanced infotainment systems even in entry-level models to meet rising customer expectations. The infotainment system segment, being the largest, is witnessing rapid expansion due to its incorporation in connected and autonomous vehicles, supported by investments from both automobile and tech companies.
China leads the Asia Pacific automotive interiors market, followed by India, with the region's growth bolstered by the rising middle-class population and government initiatives attracting automotive OEMs. Despite challenges such as production halts due to the Coronavirus outbreak, the market is expected to recover swiftly, with major players adopting collaborative strategies. The demand for premium interiors and innovative features is driving market growth, particularly in commercial vehicles. The market is fragmented, with global players focusing on expanding their presence through mergers, acquisitions, and investments to meet the increasing demand and capitalize on growth opportunities in the region.
Asia Pacific Automotive Interiors 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
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2.1 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 Component Type
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2.2.1 Infotainment System
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2.2.2 Instrument Panels
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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 Door Panels
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2.2.6 Flooring
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2.2.7 Others
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2.3 By Country
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2.3.1 China
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2.3.2 India
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2.3.3 Japan
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2.3.4 South Korea
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2.3.5 Rest of Asia-Pacific
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Asia Pacific Automotive Interiors Market Size FAQs
What is the current Asia Pacific Automotive Interiors Market size?
The Asia Pacific Automotive Interiors Market is projected to register a CAGR of 7% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Automotive Interiors Market?
Hyundai Mobis Co. Limited, Toyota Boshoku Corporation, Panasonic Corporation, Continental AG and Calsonic Kansei Corporation are the major companies operating in the Asia Pacific Automotive Interiors Market.
