Global automotive center console market

Global Automotive Center Console Market Size, Share, Growth Analysis, By Sales channel(Original equipment manufacturers (OEMs), Aftermarket), By Vehicle type(Passenger Vehicle, Premium Cars) - Industry Forecast 2022-2028


Report ID: SQSG25AG2002 | Region: Global | Published Date: November, 2022 | Pages: 157

Global Automotive Center Console Market Insights

Global automotive center console market was valued at USD 27.07 billion in 2021, and it is expected to reach a value of USD 38.05 billion by 2028, at a CAGR of more than 5.50% over the forecast period (2022–2028).

Rise in disposable income, rising preferences for luxurious cars and improved lifestyle choices are bolstering the demand for the automotive center console market.

The center console is known as the storage compartment that is situated between the two seats in front of the car. It accommodates various features such as temperature control, cup holder, air conditioner panel, audio control, control units, and other accessories.

Some high-performance luxury vehicles provide extra facilities including screens, charging ports, electronic devices, and music controls. Advanced features such as a parking & driving assistance system in the console area will become common in the future. In the connected car & autonomous vehicles era center console is becoming much more sophisticated.

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Global Automotive Center Console Market Segmental Analysis

Global automotive center console market is segmented based on the vehicle type, sales channel, and region. Based on the vehicle type, the global automotive center console market is segmented as on passenger vehicles, premium cars, compact cars, mid-size cars, luxury cars, SUVs, electric vehicles and others.

Based on sales channel, the global automotive center console market is segmented as original equipment manufacturers (OEMs) and aftermarket.

Based on the vehicle type market is segmented based on passenger vehicle, premium cars, compact cars, mid-size cars, luxury cars, suv, electric vehicles. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Analysis by Vehicle type

Based the vehicle type market is segmented based on passenger vehicles, premium cars, compact cars, mid-size cars, luxury cars, SUVs, electric vehicles.

Among these, passenger vehicles hold the largest market share. Passenger vehicles, which include sedans, hatchbacks, station wagons, sports utility vehicles (SUVs), and multi-utility vehicles (MUVs), are predicted to grow at the fastest rate. These vehicles are fitted with a number of smart features, such as smart controllers that provide access to a number of cabin features. The automobile center console market's passenger vehicle sector is expanding quickly.

Analysis by Sales channel

Global automotive center console market has been segmented on the basis of sales channels as original equipment manufacturers (OEMs) and Aftermarket. During the forecast period, the OEM sector is expected to hold the largest global market share for automobile center consoles. It held the greatest market share in 2019. The automobile center console industry's original equipment manufacturers (OEMs) are increasingly concentrating on building small, fuel-efficient cars with improved efficiency and fuel economy.

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Global Automotive Center Console Market Regional Insights

Due to the existence of significant OEM players, Europe accounts for a substantial share of the worldwide Automotive center console market. North America comes in second to Europe in the market for automobile center consoles. Due to rising income levels and per capita incomes of the population and a lower concentration of vehicles than in developed economies, Asia Pacific is predicted to have strong demand for automotive center consoles during the forecast period. Also contributing to the growth of the automotive center console market in this region is the population's increased disposable income and the tendency for high performance and luxury vehicles. India, China, and Japan are among the developing and developed nations with the largest contributions to the rapid development.

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Global Automotive Center Console Market Dynamics

Driver

Popularity of Electric Vehicles and Expansion of Automotive Industry to Boost Market Demand

  • The car center consoles market is expanding significantly, primarily due to the constantly increasing demand for electric vehicles. An electric car's center control systems are a crucial component and are reliable, secure, and safe. In electric vehicles, touch controls and navigation are located on the center console. There were 10 million electric vehicles on the road worldwide in the year 2020.
  • The global automotive center console market is expanding due to constantly expanding automotive industry and their rising rate of production for high-performance vehicles. In addition, the comfort offered by luxury cars and their rising popularity will boost market expansion during the forecast period.

Restraint

Complications with The Front Slag Seat Might Hinder Market Growth

  • The rising popularity of front slang seat attachment, may hinder the market potential to expand. But it is anticipated that the availability of extra features like heating and cooling accessories would assist open up new potential prospects for the development of the global automobile center console market.ket.

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Global Automotive Center Console Market Competitive Landscape

Global automotive center console market is highly competitive with presence of multiple players. To ensure that their brand stands out in the general market rivalry, they are engaging in joint ventures and merger and acquisition methods.

Top Players in the Automotive Center Console Market

  • AGM Automotive LLC (US)
  • Alps Electric Co. Ltd (Japan)
  • Calsonic Kansei Corp. (Japan)
  • Continental AG (Germany)
  • Delphi Automotive plc (Ireland)
  • Emerson Electric Co. (US)
  • Faurecia S.A (France)
  • Hyundai Mobis Co (South Korea)
  • Johnson Controls Inc. (Ireland)
  • Lear Corporation (US)
  • MVC Holdings LLC (US)

Recent Developments

  • On June 2022, the first changeable display technology for an integrated automotive cockpit system has been developed by Hyundai Mobis. This innovative technology employs a novel idea of an extremely big, curved screen that is moveable and is optimized for driverless vehicles. Because the screen may be swiveled up and down, it is also known as a swivel display.
  • In August 2021, Faurecia, a French producer of automotive components, acquired Hella Inc. for a total of D6.7 billion. Hella will become a part of Faurecia through this acquisition and work under the Faurecia automotive business. Furthermore, Faurecia seeks to strengthen its market position, especially in crucial emerging markets like automated driving and automobile interior design. Hella is a German business that designs and produces automotive accessories, diagnostic lighting, and electrical equipment for automobiles.

Global Automotive Center Console Key Market Trends

Government Investment and Development of Electric Vehicles to Shape Market’s Future

  • Players in the aftermarket are being forced to plan their position in a rapidly changing environment by the development of the newest technology and the change in the market. In 2027, the aftermarket sector is expected to maintain a market share of 56.70%. As more people are becoming concerned of environmental degradation, there is an increasing demand for electric automobiles. The majority of manufacturers are converting to renewable resources, and government help has sped up the process. These electric automobiles include the newest center console system, and as their popularity grows, so will demand for other market products.

Global Automotive Center Console Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global automotive center console market Analysis, in terms of vehicle type, passenger vehicles hold the largest market share. Passenger vehicles, which include sedans, hatchbacks, station wagons, sports utility vehicles (SUVs), and multi-utility vehicles. The passenger cars come with a variety of smart gadgets, such as smart controllers for the various systems in the cabin. Global demand for automotive centre consoles is expanding as a result of rising income levels and the growing desire of the younger generation for high performance and luxurious vehicles. Due to the excessive use of electronic systems and gadgets and the integration of cutting-edge functions, the automotive industry's rapid acceptance of electrification of vehicles is also projected to positively impact the automotive centre console market over the forecast period.

By sales channel the OEM sector is expected to hold the largest global market share for automobile center consoles.

Report Metric Details
Market size value in 2021 USD 27.07 billion
Market size value in 2028 USD 38.05 billion
Growth Rate more than 5.50%
Base year 2021
Forecast period 2022–2028
Forecast Unit (Value) USD Billion
Segments covered
  • Sales channel
    • Original equipment manufacturers (OEMs), Aftermarket
  • Vehicle type
    • Passenger Vehicle, Premium Cars, Compact Cars, Mid-Size Cars, Luxury Cars, SUV, Electric Vehicles
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • AGM Automotive LLC (US)
  • Alps Electric Co. Ltd (Japan)
  • Calsonic Kansei Corp. (Japan)
  • Continental AG (Germany)
  • Delphi Automotive plc (Ireland)
  • Emerson Electric Co. (US)
  • Faurecia S.A (France)
  • Hyundai Mobis Co (South Korea)
  • Johnson Controls Inc. (Ireland)
  • Lear Corporation (US)
  • MVC Holdings LLC (US)
Customization scope

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  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Automotive Center Console Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Automotive Center Console Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Automotive Center Console Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Automotive Center Console Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Automotive Center Console Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Automotive Center Console Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global automotive center console market was valued at USD 27.07 billion in 2021, and it is expected to reach a value of USD 38.05 billion by 2028, at a CAGR of more than 5.50% over the forecast period (2022–2028).

Global automotive center console market is highly competitive with presence of multiple players. To ensure that their brand stands out in the general market rivalry, they are engaging in joint ventures and merger and acquisition methods.'AGM Automotive LLC (US)',' Alps Electric Co. Ltd (Japan)',' Calsonic Kansei Corp. (Japan)',' Continental AG (Germany)',' Delphi Automotive plc (Ireland)',' Emerson Electric Co. (US)',' Faurecia S.A (France)',' Hyundai Mobis Co (South Korea)',' Johnson Controls Inc. (Ireland)',' Lear Corporation (US)','MVC Holdings LLC (US)'

The car center consoles market is expanding significantly, primarily due to the constantly increasing demand for electric vehicles. An electric car's center control systems are a crucial component and are reliable, secure, and safe. In electric vehicles, touch controls and navigation are located on the center console. There were 10 million electric vehicles on the road worldwide in the year 2020.

Players in the aftermarket are being forced to plan their position in a rapidly changing environment by the development of the newest technology and the change in the market. In 2027, the aftermarket sector is expected to maintain a market share of 56.70%. As more people are becoming concerned of environmental degradation, there is an increasing demand for electric automobiles. The majority of manufacturers are converting to renewable resources, and government help has sped up the process. These electric automobiles include the newest center console system, and as their popularity grows, so will demand for other market products.

Due to the existence of significant OEM players, Europe accounts for a substantial share of the worldwide Automotive center console market. North America comes in second to Europe in the market for automobile center consoles. Due to rising income levels and per capita incomes of the population and a lower concentration of vehicles than in developed economies, Asia Pacific is predicted to have strong demand for automotive center consoles during the forecast period. Also contributing to the growth of the automotive center console market in this region is the population's increased disposable income and the tendency for high performance and luxury vehicles. India, China, and Japan are among the developing and developed nations with the largest contributions to the rapid development.

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Global automotive center console market

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