Market Size of North America Automotive Interiors Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America Automotive Interiors Market Analysis
The North America automotive interiors market is poised to register a CAGR of over 5% during the forecast period (2020-2025).
- Increasing passenger comfort has become one of the most important considerations in the automotive industry. Components should take as little space as possible and provide the maximum level of comfort. As a result, consistent development is taking place in this regard.
- 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.
- Trends such as personalization and autonomous driving where the driver is increasingly becoming a passenger are evolving vehicle interiors. Industry participants are working intensively on concepts for vehicle interior lighting with a variety of new functionalities and which can be adapted to the continuously changing requirements of driving situations.
- In 2019, the overall vehicle production in North America declined due to the trade war and global economic slowdown. Despite that, North America holds a significant market share in the global automotive interiors market.
