Global automotive center console market

Automotive Centre Console Market Size, Share, Growth Analysis, By Market type (OEMs, Aftermarket), By Vehicle Type (Premium Vehicles, Luxury Cars), By Region - Industry Forecast 2025-2032

Report ID: SQSG25AG2002 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 66 | Figures: 75

Automotive Center Console Market Dynamics

Automotive Center Console Market 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. 
  • 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.

Automotive Center Console Market 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. 
  • It is also 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.
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Global Automotive Centre Console Market size was valued at USD 82.9 billion in 2022 and is poised to grow from USD 87.1 billion in 2023 to USD 126.7 billion by 2031, growing at a CAGR of 4.8% during the forecast period (2024-2031).

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. 'Faurecia (France) ', 'Magna International (Canada) ', 'Continental AG (Germany) ', 'Toyota Boshoku Corporation (Japan) ', 'Grupo Antolin (Spain) ', 'Hyundai Mobis (South Korea) ', 'Yanfeng Automotive Interiors (China) ', 'Valeo SA (France) ', 'Visteon Corporation (United States) ', 'Calsonic Kansei Corporation (Japan) ', 'IAC Group (United States) ', 'Inteva Products (United States) ', 'Johnson Controls (United States) ', 'Delphi Automotive (United States) ', 'Tachi-S Co Ltd (Japan) ', 'Woodbridge Foam Corporation (Canada) ', 'Brose Fahrzeugteile GmbH & Co KG (Germany) ', 'Panasonic Corporation (Japan) ', 'Kongsberg Automotive (Norway) ', 'JTEKT Corporation (Japan)'

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. 

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.

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

Report ID: SQSG25AG2002

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