USD 2.36 billion
Automotive Cup Holder Market Size, Share, Growth Analysis, By Product(360- degree spin technology, total internal reflection technology, and controlled temperature technology), By Vehicle(passenger cars and commercial vehicle), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25A2047 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
61
|Figures:
69
Automotive Cup Holder Market Insights
Global Automotive Cup Holder Market size was valued at USD 2.36 billion in 2022 and is poised to grow from USD 2.48 billion in 2023 to USD 3.69 billion by 2031, at a CAGR of 5.1% during the forecast period (2024-2031).
Automotive cup holders are an important part of automotive design. They help to make the interior of a car more comfortable and efficient. The growth of the automotive cup holder market is being driven by increasing competition among the emerging automotive manufacturers, as well as innovations in automotive luxury equipment. As a simple automotive part, one might think of it as a relatively easy to operate product, but it is, in reality, a time-consuming and difficult process that requires a lot of skills and knowledge of automotive vehicle interior systems. There are various companies that are developing technologies to make cup holders more comfortable for customers, which has led to cup holders being integrated into many products.
Cup holders are important for drivers on difficult roads and terrains, and many automotive cup holders are designed to be spill-free. Many technologies are available to help you hold your cup in the right way, such as 360-degree cup holders and free-moving cup holders. Automotive cup holders and holders are designed to help keep beverages, such as bottles, cups, and glasses, inside the car. One of the most important automotive innovations is the development and introduction of cup and glass holders in vehicles. Vehicle manufacturers have responded to rising beverage consumption by designing automotive cups and glass holders in key locations, such as the dashboard, door trim, and armrests.
US Automotive Cup Holder Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
360- degree spin technology
Fastest Growth
360- degree spin technology
Growth Rate
5.1% CAGR
Global Automotive Cup Holder Market 2021-2030 ($ Bn)
Country Share for Europe Region- 2021 (%)
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Automotive Cup Holder Market Segmental Analysis
The Automotive cup holder market is segmented on the basis of by type , by vehicle type, and by geography. Whereas, by type is sub segmented into the 360- degree spin technology, total internal reflection technology, and controlled temperature technology. By vehicle type is sub segmented into the passenger cars and commercial vehicle. By region is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.
Analysis by Type
Based on the type, The automotive designers are working on developing new technologies for vehicle accessories, such as a cup holder that provides 360-degree spin and maintains the temperature of the beverage. The 360-degree cup holder is a popular technology, with a significant share in the global market. This technology is widely preferred by most automotive manufactures, in their vehicle models. One of the prominent cup holder manufacturing companies has introduced 360-degree spinning technology that also rotates the internal liquid, preventing liquid from spilling. The technology is being tested and is being widely used by consumers. Consumers are looking for a cup holder that can spill and be spill-free, as well as one that can be controlled to keep drinks hot or cold as needed. This technology is achieved by using specific thermostatic materials at the bottom of the thermos, which ensures the required temperature for beverages.
Analysis by Vehicle Type
Based on the vehicle type, The passenger cars segment holds the largest share in the global market owing to the increasing population, rapid urbanization, and increase in the purchasing power of the people. The trend of consumers preferring more aesthetically pleasing interiors, plus enhanced comfort and efficiency, is compelling automotive manufacturers to adapt current technology and accessories in their models in order to meet consumer demands and maintain a competitive edge.
Global Automotive Cup Holder Market By product 2021 (%)
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Automotive Cup Holder Market Regional Insights
Europe holds the largest share in the global market in terms of revenue and volume. The automotive industry in the Middle East is dominated by leading players, and the demand for luxury and high-end cars is increasing. Most luxury car manufacturers are using technologically advanced cup holders, such as the total internal reflection technology, 360-degree spin technology, and controlled temperature technology. The designers are considering innovative ideas for automotive cup holders in response to the increasing demand from several consumers for vehicle accessories and interiors.
Asia pacific is also showing an exponential growth in the automotive cup holders market and is expected to grow at a faster pace over the forecast period. The fastest growing automotive industry and the increase in automotive investment in expanding production capacities in emerging economies of this region are the major factors behind the high growth opportunities for the automotive cup holder market.
Global Automotive Cup Holder Market By Geography, 2021-2030
- Largest
- Fastest
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Automotive Cup Holder Market Dynamics
Drivers
Rise of Luxury Vehicles to Bolster Market Growth
- The growing demand for luxury vehicles and the increasing trend of people consuming beverages while driving are the two key factors that are driving the growth of the automotive cup holder market. The automotive cup holder market is growing because consumers are increasingly choosing cars based on their looks, the technology used in vehicles, accessories offered, and the interior design.
Restraints
High Cost to Hinder Market Growth
- High cost of automotive cup holder and increasing maintenance factor of the product are the factors restraining the market growth. Also, Drinks can stay cool for a long time if they are placed in cup holders in the car's HVAC system. This could create new opportunities in the market during the forecast period. Manufacturers face a major challenge in the market when it comes to installing cup holders in vehicles, as some drivers are concerned about safety.
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Automotive Cup Holder Market Competitive Landscape
The market analysis in this report covers the major players in the Global Automotive Cup Holder Market. Our analysts provide an overview of the financial statements of all the major players, along with key developments in their products, benchmarking against other companies, and a SWOT analysis. The company profile section of the website includes a business overview and financial information.
Top players company profiles
- Covercraft Industries
- Bell Automotive Products
- Makismatic • Bestek
- Pioneer Corporation
- Dorman
- Bracketron
- L Jvisusa LLC
- Custom Accessories
- Lioyd Mats
- Proline
- Nifco Kumamoto
- Guangzhou Chengnz Industrial Co. Ltd.
- Dongguan Siteng Electronics Co. Ltd
Recent developments
- In sep 2022, In the early days of car design, having a cup holder was as important as, say, having a kitchen hammock in your home. The Sears 1920s catalog offered a cup holder attachment for the Model T, but it was meant to be used in conjunction with other accessories, like an attachable kitchenette and a fold-out table. The placement of the roadside rest area was unkind when you needed a break on your long journey.
Automotive Cup Holder Key Market Trends
- The increasing trend among customers to buy cars based on their appearance, vehicle innovation, and the features included in the car's interior is a key supportive factor fueling the automotive cup holder market's growth. Restaurants are starting to offer quick and safe meal supplies, like Indian Zomato, which is helping to draw in more customers. Designers are working hard to create attractive cup folders.
Automotive Cup Holder Market SkyQuest Analysis
Sky Quest’s ABIRAW (Advanced Business Intelligence, Research and Analysis Wing) is our Business Information Services team that collects, collates, Co-relates and analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Automotive Cup Holder Market analysis, The growing trend of luxury car ownership and the increasing habit of drinking refreshments while on the road are the main reasons why the automotive cup holder market is growing. Increased ICE vehicle production and rising use of lightweight pistons for better engine performance are factors contributing to the expansion of the automotive piston market. The growing demand for electric vehicles is boosting the sales of automotive pistons thanks to rising technology breakthroughs like hydrogen-fueled piston engines.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.36 billion |
| Market size value in 2031 | USD 3.69 billion |
| Growth Rate | 5.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
Recent developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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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 Automotive Cup Holder 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
- Exhibit: Impact analysis of DROC, 2021
- 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 Automotive Cup Holder 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
- Exhibit: Impact analysis of DROC, 2021
- 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
- Competitive rivalry
- 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(%)
- Total number of companies covered
Methodology
For the Automotive Cup Holder 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 Automotive Cup Holder 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 Automotive Cup Holder Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Cup Holder 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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