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Automotive Centre Console Market Size, Share & Industry Analysis, By Market Type (OEM, Aftermarket), By Vehicle Type (Passenger Cars, Commercial Vehicles, Electric Vehicle) and Regional Forecast, 2024-2032

Region : Global | Report ID: FBI103617 | Status : Ongoing

 

KEY MARKET INSIGHTS

 The automotive centre console is a storage compartment located between the driver seat and the front passenger seat within the centre portion of the automobile. The centre console starts from the dashboard, including the transmission panel and extends up to the centre of the front passenger and driver seat. The centre console accommodates various features such as control units, audio control, temperature control feature, air conditioner pane, and cup holders. The high performance or luxury vehicles have additional features such as the charging ports, audio controls, electronic gadgets, and display screen. Nowadays, the young population is more attracted towards high-performance and luxury vehicles which is creating a high demand for automotive centre console in the global market. The prominent automotive manufacturers are enhancing their production capacities as well as working towards developing vehicle interiors with technologically advanced systems and equipment to fulfil the changing demands of the customers. Moreover, the high volume of vehicles is the foremost reason for the growing demand for automotive centre console in the world market.


Key Market Driver -

Rising demand for high performance and technologically advanced luxurious interior is expected to drive the growth of the market during the forecast period.

Key Market Restraint -

The developing preference for attaching front slang seat to the driver seat may hamper the growth of automotive centre console market.


Market Segmentation:


Globally, the automotive centre console market is segmented by market type, by vehicle, and by geographic coverage. The market type is further segmented into OEM and aftermarket. The OEM companies are projected to drive the global automotive centre console market in the coming years owing to the innovation and development carried by them to produce light weight and high efficiency vehicles with enhanced performance. The OEMs are manufacturing technologically advanced equipment using lightweight materials along with the provision of customised interior is enabling them to uphold their dominance in the global automotive centre console market. The passenger car segment holds the largest share of the global automotive centre console market and is expected to dominate over a long period of time. The passenger cars are equipped with various smart devices such as smart controllers to access several cabin and other systems. The rising income level of people as well as the rising demand of young generation towards high performance and luxury featured cars is creating a high demand for automotive centre console across the globe. The rapid adoption of electrification of vehicles by the automotive industry is also anticipated to boost the automotive center console market during the forecast period owing to the excessive use of electronic systems and devices and integration of technologically advanced functionalities.                      

Key Players:


Major players operating in the global automotive centre console market include Continental AG, Faurecia S.A., AGM Automotive, LLC, Novares Group S.A., Yanfeng Automotive Trim Systems Co., Ltd., Novem Car Interior Design GmbH, DRÄXLMAIER Group, Emerson Electric Co., Lear Corporation, and MVC Holdings, LLC, among others.

Key Insights



  • New Advancements in automotive centre console

  • Number of Products, Key Countries, 2018

  • New Product Launches, Key Players


Regional Analysis:


Geographically, the automotive centre console market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Europe has a largest share in the global automotive centre console market owing to the presence of prominent automotive manufacturing companies in this region. The rapid adoption of advanced technology and massive investment put in by the manufacturers to develop high end luxurious cars are the major reasons which are propelling the growth of automotive centre console market at a faster pace.

Asia Pacific is the second largest holder of the global automotive centre console market and is expected to witness a high demand for automotive centre console during the forecast period. The foremost reason for the rapid growth of the market is the high volume of sales and production of automobiles in this region. Also, the rising disposable income of the population coupled with the increasing trend for high performance and luxury cars is eventually leveraging the growth of automotive centre console market in this region. Developing and developed economies such as India, China and Japan are the major contributors for the rapid development in the automotive industry.

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Segmentation






















 ATTRIBUTE

  DETAILS

By Market Type



  • OEM

  • Aftermarket



By Vehicle Type



  • Passenger Cars

  • Commercial Vehicles

  • Electric Vehicle



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World



  • Ongoing
  • 2023
  • 2019-2022

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