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Automotive Cup Holders Market Size, Share & Industry Analysis, By Type (360-Degree Spin Technology, Total Internal Reflection Technology and Controlled Temperature Technology), By Vehicle Type (Passenger Cars and Commercial Vehicles) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105084 | Status : Ongoing

 

KEY MARKET INSIGHTS

Nowadays, accessories have become an essential part of the automobiles. The development of cup holders is one of the significant innovations in vehicles, as the consumption of beverages while driving has become popular in recent years. With the growing trend of stylish interiors in vehicles, and the additional spending of money by the consumers for enhanced comfort and efficiency, it has become important for the automotive manufacturers to emphasise more on the vehicle interiors. The automotive cup holder seems to be a basic accessory in the vehicles, however the use of innovative ideas and technology to provide a spill free cup holder is a new challenge for the manufacturers. Also, owing to the increasing urbanization and rise in the income level, people are now focusing not on only on the speed and fuel efficiency of the vehicles, but also on the interior, aesthetics, technology, and overall appearance of the vehicles. These factors are expected to create a lucrative demand for the automotive cup holders market over the forecast period.


Key Market Driver -

Growing demand for vehicles accessories is expected to drive the growth of the market in the forecast period.

Key Market Restraint -

Some automakers refuse to incorporate cup holders in vehicles as it may disturb the driver’s attention while driving which may hinder the growth of the market during the forecast period.


Market Segmentation:


Globally, the Automotive Cup Holders market is segmented by type, by vehicle type, and by geographic coverage. Based on type, the market is further segmented into 360-degree spin technology, total internal reflection technology, and controlled temperature technology. Nowadays, the automotive designers are working on innovating new technologies in vehicle accessories such as automotive cup holder that provide 360-degree spin in the cup holder as well as maintain the temperature of the beverage. The 360-degree cup holder accounts for the major share in the global market as this technology has been widely preferred by most of the automotive manufacturers in their vehicle models. Maksimatic one of the prominent cup holder manufacturing company have introduced 360-degree spinning cup holders using its latest technologies which can adjust itself according to the road situations. Moreover, this technology also rotates the internal liquid, thereby preventing the liquid from spilling. The technology has been tested and is gaining popularity among consumers. In addition to the 360-degree spill free cup holders, consumers are also seeking for temperature-controlled automotive cup holders to keep the beverages hot and cold as needed. This technology is achieved by using certain thermostatic materials at the bottom of the thermos which maintains the required temperature for the beverages. The vehicle type is further segmented into passenger cars and commercial vehicles. The passenger cars segment holds the largest share in the global market owing to the increasing population, rapid urbanization, and rise in the purchasing power of people. Also, the increasing inclination of consumers towards aesthetic interiors, enhanced comfort and efficiency, as well as overall appearance of the vehicles which is compelling the automotive manufacturers to adapt these latest technologies and accessories in their vehicle models in order to fulfil the requirements of the consumers and maintain a leading position in the market.  

Key Players:


Major players operating in the global Automotive Cup Holders market include Dorman, Bestek, Covercraft Industries, Maksimatic, Bell Automotive products, Pioneer Corporation, L JVISUSA LLC, Proline, Custom Accessories, Bracketron, and Lloyd mats among others.

Key Insights



  • New Advancements in Automotive Cup Holder

  • Number of Products, Key Countries, 2019

  • New Product Launches, Key Players


Regional Analysis:


Geographically, the Automotive Cup Holders market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Europe holds the largest share in the global market in terms of revenue and volume. This dominance is attributed to the presence of leading automotive players along with the increasing demand for luxury and high end cars in this region. Majority of the luxury car manufacturers are incorporating technologically advanced cup holders such as the total internal reflection technology, 360-degree spin technology and controlled temperature technology. Also, the designers are focusing on innovative ideas for the automotive cup holders owing to the increase in demand for vehicle accessories and interiors from several consumers. Asia Pacific is also showing an exponential growth in the global automotive cup holders market and is expected to grow at a faster pace over the forecast period. The rapidly growing automotive industry as well as the increase in the investment by the automakers in expanding their production capacities in emerging economies of this region are the major factors for the high growth opportunities for the automotive cup holder Market growth.

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Segmentation






















  ATTRIBUTE

  DETAILS

By Type



  • 360-Degree Spin Technology

  • Total Internal Reflection Technology

  • Controlled Temperature Technology



By Vehicle Type



  • Passenger Cars

  • Commercial Vehicles



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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