Market Size of Asia Pacific Automotive Interiors Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Automotive Interiors Market Analysis
The Asia Pacific automotive interiors market is anticipated to register a CAGR of about 7% during the forecast period (2020 - 2025).
- Automotive interiors of the vehicles consist of Infotainment system, instrument panel, body panels, etc. Automotive interior plays a very important role in vehicle's performance, aesthetic appeal and salability.
- In order to meet the need for creating fuel-efficient and lightweight systems, manufacturers are coming up with a lightweight material to use in the automotive interiors, which is driving the automotive interior market. For example, manufacturers are now using lightweight materials such as high strength steel and thermoplastic to manufacture automotive parts such as reinforced glass and heat insulation systems.
- Due to rising customer expectations and fierce competition, a large number of car manufacturers are offering infotainment systems even in entry-level cars. This, in turn, may boost the infotainment market and as a result, the infotainment systems subcategory is expected to be the fastest growing.
- Currently, vehicles are equipped with advanced gadgets, such as an entertainment system, hands-free connectivity, and global position system (GPS), to enhance the driving experience.
