Press release
Automotive Centre Console Market Analysis 2024-2033 : Market Size, Top Segments, Leading Region Forecast | AGM Automotive LLC, Alps Electric Co. Ltd., Calsonic Kansei Corp., Continental AG
Automotive Centre Console Global Market Report
The Business Research Company offers in-depth market insights through Automotive Centre Console Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The automotive centre console market size has grown strongly in recent years. It will grow from $31.3 billion in 2023 to $33.74 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to rise of modern electric vehicles, changing consumer behavior,limited connectivity features, simple storage compartments.
The automotive centre console market size is expected to see strong growth in the next few years. It will grow to $44.42 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to rising production of passenger cars and commercial vehicles, growth of the high-end and luxury car segments, expansion of the connected car ecosystem, surge in demand for electric and autonomous vehicles . Major trends in the forecast period include integration of large touchscreen displays, customizable ambient lighting, connectivity with iot and smart home devices, wireless charging for devices, multi-functional and modular console designs.
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Market Segmentation:
The automotive centre console market covered in this report is segmented -
1) By Type: Touch Screen, Buttons and Controls
2) By Vehicle Type: Passenger Vehicle, Premium Cars, Compact Cars, Mid-Size Cars, Luxury Cars, SUV, Electric Vehicle
3) By Distribution: Original Equipment Manufacturer, After Market
Major Driver - Electric Vehicle Demand Accelerates The Automotive Centre Console Market
The rapidly growing demand for electric vehicles is significantly contributing to the growth of the automotive centre console market. Safe, secure, and robust centre control systems are an integral part of an electric car. Centre consoles in electric cars are used for navigation and touch controls. For instance, in February 2023, the Bureau of Labor Statistics, a USA-based unit of the United States Department of Labor published an article according to which electric vehicle sales in the United States is expected to reach 40% of total passenger car sales by 2030, and more optimistic projections foresee electric vehicle sales surpassing 50% by the year 2030. Thus, the increasing demand for electric vehicles will drive the automotive centre console market.
Competitive Landscape:
Major companies operating in the automotive centre console market report are AGM Automotive LLC, Alps Electric Co. Ltd., Calsonic Kansei Corp., Continental AG, Delphi Automotive plc, Emerson Electric Co., Faurecia SA, Hyundai Mobis Co, Johnson Controls Inc., Lear Carporation, MVC Holdings LLC, Novem Car Interior Design, Yanfeng International Automotive Technology Co. Ltd., Draxlmaier Group, Grammer AG, Magna International Inc., Toyota Boshoku Corporation, Novares Group SA, Langfang Huaan Automobile Equipment Co. Ltd., Visteon Corporation, Inteva Products LLC, Grupo Antolin Irausa SA, Tachi-S Co. Ltd., International Automotive Components Group, F S Fehrer Automotive GmbH, Adient plc, Brose Fahrzeugteile GmbH & Co. KG, Schaeffler AG, Robert Bosch GmbH, Kasai Kogyo Co. Ltd., Shiroki Corporation
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Top Trend - Innovations In Automotive Centre Console Touchscreen Technology
The introduction of new technology in touch screens is a key trend gaining popularity in the automotive centre console market. Major companies operating in the market are focused on developing new technological solutions to strengthen their position. For instance, in January 2021, Audi, a Germany-based automobile and car manufacturer, introduced its new touchpad system in the automotive centre console known as Audi MMI. This automotive centre console system has features such as swiping through menus and can also be used for writing in letters, using the index finger, into the sat-nav. The MMI also features a digital instrument display, called the Virtual Cockpit, which is another high-definition digital screen in front of the steering wheel that replaces conventional analogue dials. With this type of technology, riders can easily control the vehicle and make driving safer.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automotive Centre Console Market Characteristics
3. Automotive Centre Console Market Trends And Strategies
4. Automotive Centre Console Market - Macro Economic Scenario
5. Automotive Centre Console Market Size And Growth
…..
27. Automotive Centre Console Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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