Advancement in technology and easy connectivity to personal devices, such as mobiles, laptops, is the primary factor in influencing the market growth.
Market Size – USD 37.94 Billion in 2019, Market Growth – CAGR of 3.8%, Market Trends –Growth in sales of passenger cars.
The global Automotive Center Console market is forecasted to reach USD 50.15 Billion by 2027, according to a new report by Reports and Data. The industry is witnessing high growth in the global market due to an increased demand for the automotive interior to ensure a high level of comfort and customization. Also, an increase in the luxury vehicle market is helping the market grow highly as high technology vehicles are the highest contributor to the market.
An increase in sales cars in many regions, especially in developing nations, advancement in technology pertaining to vehicle safety, will also fuel the market growth. Moreover, the availability of service flexibility, cost-effectiveness, and reliable maintenance services is also expected to propel the market growth globally. The high price of raw materials is expected to affect market growth. However, increasing demand from the consumers for a luxurious and comfortable traveling experience will propel the demand for the product.
Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.
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The report covers the market dynamics analysis, company profiles, production and manufacturing capacity, product specifications, product value, and key players. The report also offers an insight into the growth prospects during the forecast period. The Automotive Center Console Market report also offers detailed data on the key market players to impart a deeper understanding of the competitive landscape. The report focuses on the key market elements to ensure the readers gain a competitive advantage and maximum benefit of the market data to assist them in achieving substantial growth and an advantageous position in the global market.
Key findings of the report:
Luxury vehicles incorporate the extensive level of comfortable and attractive materials to provide with the premium class feel and outlook. Interior materials of the luxury vehicles are highly expensive, which makes the segment to be the largest contributor to this market.
The rise of touch screens, fledgling data show advancements, and different contraptions are allowing manufacturers to recast automotive center consoles. The cooperation between the visible automotive information and the driver will hugely affect vehicle insides, which in turn will prod market growth over the globe.
The Asia Pacific holds the significant piece of the overall industry in terms of revenue, along with Europe and North America. In the Asia Pacific region, nations such as China and India have been seeing substantial requests and generation for traveler vehicles. This is expanding the use of the center console in traveler vehicles.
Key participants include Hyundai Mobis Co Ltd., Faurecia S.A., Johnson Controls Inc., Alps Electric Co. Ltd., Methode Electronics, Delphi Automotive plc., Magna International Inc., Valeo Group, Continental AG, and Calsonic Kansei Corp., among others.
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For the purpose of this study, the global Automotive Center Console market has been segmented on the basis of disease type, application, distribution channel, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Touch Screen
- Buttons and Controls
Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)
- Passenger Vehicle
- Light commercial vehicle (LCV)
- Heavy commercial vehicle (HCV)
- Electric Vehicle
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
- Original Equipment Manufacturer (OEM)
By Region (Revenue, USD Million; 2017-2027)
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
Table Of Contents:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Automotive Center Console Market Segmentation & Impact Analysis
4.1. Automotive Center Console Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
220.127.116.11. Increase in the sale of SUV
18.104.22.168. Increasing demand for comfortableness and customization in passenger vehicles
4.2.3. Market restraints analysis
22.214.171.124. Volatile raw material price
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence
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