The term "automotive interiors" refers to a collection of integrated, vital parts that are used in cars to improve their looks, comfort, and functionality. They consist of the headrests, door panels, cockpit modules, dashboards, and seats, which are often made of a variety of materials, including textiles, rubber, composites, plastics, and wood. To improve quality, avoid stains, lengthen the life of the vehicle, and give the interiors of cars a more luxurious feel, additional interior trimmings and upholstery adornments can be installed. Car interiors are so widely used in both passenger and commercial vehicles.
US Automotive Interior Market Driving Factors and Challenges
The main goal of the automobile business is to increase fuel efficiency and decrease pollution by lightening vehicles. As a result, consumers are embracing a variety of lightweight materials that are predicted to boost market expansion. Because of strict regulations like CAFE (Corporate Average Fuel Economy), manufacturers try to use a lot of lightweight materials like plastic, composites, and textiles in their vehicles. With growing environmental concerns and rapidly decreasing fossil fuel resources, the market for electric vehicles is booming quickly around the world. Plastics and other lightweight materials are used extensively in the construction of electric vehicles in order to increase fuel efficiency and shorten recharging times. Electric vehicles are being pushed by legislators all over the world as an affordable and environmentally friendly alternative to conventional vehicle technology. Customers of e-vehicles are receiving a variety of programmes and subsidies to encourage the adoption of greener technology. The sales of e-vehicles have increased as a result, and many customers are now urged to join the clean league in the coming years.
Despite the prospects for growth in the US automotive interior market, there are numerous obstacles to market expansion. In recent years, the growth of the automotive interior materials industry has been hampered by the poor or stagnant growth of the world's major automotive markets. The development of the automobile industry in the country and several other places has been further hampered by the coronavirus outbreak in China. The automotive industry has also been negatively impacted globally by shifting regulatory standards on car emissions. As a result, market growth is anticipated to be constrained over the projected period due to the growing frequency of these disruptions in the automobile industry.
Impact of COVID-19 on US Automotive Interior Market
On the US automotive interior market, the COVID-19 epidemic had a considerable effect. Early on in the epidemic, auto manufacturing was stopped, which messed up the supply chain for interior parts. As a result of the uncertain economy, consumer expenditure on new cars decreased. However, as more people chose to drive themselves rather than use public transport, used car sales skyrocketed, increasing the need for interior renovations. The demand for interior materials with antibacterial qualities also increased as hygiene and cleanliness became more of a priority. The epidemic brought home how crucial interior convenience, technology, and safety features are, impacting customer tastes and spurring industry innovation.
US Automotive Interior Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Adient, Ecovative Design, GST AutoLeather, Inc., Johnson Controls Inc., Lear Corporation, Sage Automotive Interiors, Inc., SMS Auto Fabrics, Visteon, Others.
US Automotive Interior Market Segmentation:
By Component: Based on the Component, US Automotive Interior Market is segmented as; Center Stack, Dome Module, Headliner, Head-Up Display, Instrument Cluster, Interior Lighting, Rear Seat Entertainment, Seat.
By Material: Based on the Material, US Automotive Interior Market is segmented as; Carbon Fiber Composite, Fabric, Glass Fiber Composite, Leather, Metal, Vinyl, Wood.
By Level of Autonomy: Based on the Level of Autonomy, US Automotive Interior Market is segmented as; Autonomous, Non-Autonomous, Semi-Autonomous.
By Electric Vehicle: Based on the Electric Vehicle, US Automotive Interior Market is segmented as; BEV, FCEV, HEV, PHEV.
By Passenger Car Class: Based on the Passenger Car Class, US Automotive Interior Market is segmented as; Economic Cars, Luxury Segment Cars, Mid Segment Cars.
By Vehicle Type: Based on the Vehicle Type, US Automotive Interior Market is segmented as; Heavy Commercial Vehicle, Light Commercial Vehicle, Passenger Car.
By Region: This research also includes data for Midwest Region, Northeast Region, South Region, Southwest Region, West Region and rest of US.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.