Automotive Interior Market/ Effective Business Strategies / Analysis with Forecast to 2022.
[USPRwire, Fri Aug 31 2018] The Automotive Interior Market is projected to grow from USD 235.59 billion in 2017 to USD 301.56 billion by 2022, at a CAGR of 5.06%. Increased demand for premium segment vehicles with advanced interior styling is one of the major factors for the growth of this market. Other factors such as passenger cabin comfort and convenience shall also impact the growth of this market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=10199544 There have been increasing efforts from automotive OEMs to improve the styling and make the automotive interior components more lightweight, compact, and styling. Lightweight and compact materials help in increasing the fuel efficiency of the vehicle. Corporate Average Fuel Economy (CAFEe) is enacted by developed economies such as the U.S. to achieve better fuel economy of vehicles. Asia-Pacific is estimated to be the fastest growing and largest market for automotive interiors at a global level during the forecast period. The primary reason for this growth is high vehicle production in countries such as China and Japan, thereby leading to the increasing usage of automotive interior components such as central console, cockpit module, door panel, headliners, automotive seats, and others. This region has also observed a rise in the consumer disposable income in developing economies such as India and China, thus resulting in a rise in spending for automotive styling and cabin comfort. Few leading players such as Continental AG (Germany), Faurecia S.A. (France), and Lear Corporation (U.S.) have enhanced their technological capabilities to lead in this market. To Know More Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=10199544 The automotive seat segment is projected to be the largest market for automotive interior components from 2017 to 2022. The increased demand for passenger comfort and convenience is the major reason for the growth in this market. For example, Faurecia S.A. (France) and Wuling Industry (China) entered into a joint venture and formed Faurecia Liuzhou Automotive Seating Co. Ltd. to cater the demand of SGMW (Stoever Glass Wealth Management)-affiliated OEM brands and other customers. The company will sell a complete range of frames, seats, and other seat components. Magna International, Inc. (Canada) entered into a joint venture with Chinese seating supplier Hubei Aviation Precision Machinery Co., Ltd. (HAPM) to develop innovative seating systems for the automotive industry. These market players such as Faurecia S.A. (France), Lear Corporation (U.S.), and Magna International, Inc. (Canada) are trying to maintain their market share by implementing various strategies for the automotive seat market. About MarketsandMarketsao MarketsandMarketsao provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarketsao for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarketsao are tracking global high growth markets following the "Growth Engagement Model -- GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarketsao now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarketsao is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for a deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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|Date:||Aug 31, 2018|
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