India Passenger Vehicle Interior Market, By Component (Cockpit Module, Central Console, Door Panel, Interior Lighting, Dome Module, Flooring, Automotive Seats, Interior Lightening, Centre stack, Instrumental cluster, Rear Seat Entertainment, Seat, Adhesives, and Tapes, Others), Engine Type (Hybrid and Electric vehicle, ICE), Vehicle Type ((Economic cars, Mid segment cars, Luxury segment cars), Mode of Channel (OEM, Aftermarket), Material type (Leather, Fabric, Vinyl, Wood, Glass Fiber Composite, Carbon Fiber Composite, Metal) – Industry Trends and Forecast to 2030.
India Passenger Vehicle Interior Market Analysis and Size
The headliners, cockpit modules, door panels, auto seats, and other interior components of a car are made to enhance comfort, grip, and sound insulation inside the vehicle. The interior material, trims, and other embellishments significantly impact a car's marketability. Given that seats are a necessary component of any passenger or commercial vehicle, it is anticipated that the seat segment will make up most of the automotive interior market during the forecast period. Additionally, the sedan segment is dominating the Indian vehicle interior market as having own vehicle is becoming a status symbol of life standards. Consumers are spending the extra money to purchase sedan vehicles as it offers increased space with enhanced interior designs.
Data bridge market research analyses that the India passenger vehicle interior market, valued at USD 1425.15 million in 2022, will reach USD 2376.39 million by 2030, growing at a CAGR of 6.6 % during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the data bridge market research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
India Passenger Vehicle Interior Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Cockpit Module, Central Console, Door Panel, Interior Lighting, Dome Module, Flooring, Automotive seats, Interior lightening, Centre stack, Rear Seat Entertainment, Seat, Adhesives and Tapes, Others), Engine type (Hybrid and Electric vehicle, ICE), Vehicle Type ((Economic cars, Mid segment cars, Luxury segment cars), Hatchback, Coupe), Mode of Channel (OEM, Aftermarket), Material type (Leather, Fabric, Vinyl, Wood, Glass Fiber Composite, Carbon Fiber Composite, Metal)
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Market Players Covered
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IAC Group (Luxembourg), Robert Bosch GmbH (Germany), Continental AG (Germany), Varroc Group. (India), Antolin (Spain), HELLA GmbH & Co. KGaA (Germany), FORVIA Faurecia (France), NTF GROUP. (India), Marelli Holdings Co., Ltd. (Italy), Injectoplast (India), Visteon Corporation. (U.S.), Motherson. (India), TACHI-S. (U.S.), Lear (U.S.), Automotive Industry Action Group (AIAG (Michigan)
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Market Opportunities
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Market Definition
The interior of a passenger car is an essential part of the vehicle because it reflects the driver's personality and provides comfort and cutting-edge design. The interior of a car includes various extras and features typically found in cabins or passenger spaces of luxury, premium, and near-luxury vehicles. This includes seat covers with built-in massage functions and dashboard accents. In today's cars, comfort and driver convenience are priorities. Interactive touchscreens are a feature of these cutting-edge auto systems, allowing users to control various features like entertainment, navigation, and climate control.
Passenger Vehicle Interior Market Dynamics
Drivers
- Growing demand for fuel-efficient vehicles drives the market growth
As the growing public awareness of environmental issues, such as high pollution levels, grows, so does the demand for fuel-efficient vehicles grows. Vehicle manufacturers focus on making their vehicles lighter overall to increase fuel efficiency. Heavy steel components have been replaced with high-strength steel, aluminium, or glass fibre-reinforced polymers, which, depending on several factors, reduce the weight of the vehicles by 10% to 60%. They develop lightweight materials with high rigidity to make vehicles lighter. Which undoubtedly raises demand in the market for passenger car interiors.
- The future of connectivity and human machine interfaces (HMI) drives the market in the interior space
The HMI revolution in cars began when dashboard screens replaced buttons. Later, voice commands were added, and cars started to absorb information from their drivers. Drivers can interact with vehicle features in various ways with the advancement in human-machine interfaces. Manufacturers and IT companies are working together to create more ground-breaking and innovative HMI. In addition, everyone in the car will have access to the activities they want while also being connected to the outside world through in-car infotainment systems. Thus, these educators drive the market for passenger vehicle interiors.
Opportunities
- Enhanced features of posh cars create an opportunity to grow
The demand for enhanced technological features has increased due to the rising demand for appealing, comfortable, and aesthetically pleasing elements in automotive vehicles, particularly passenger vehicles. However, Faurecia shows how customizable controls can be used to solve the problem of a large dashboard. Fewer people are expected to use display screens and standalone display panels. Usually, a small change in the interior attracts more people, and when interior improvements increase comfort, customers become more demanding, expanding the market.
- More comfort and customization are needed to provide robust opportunities
The growing demand for personalization and technological advancements creates a market opportunity. As a result, businesses offer more customization options to help customers design modern interiors that suit their tastes. Consumers' rising health consciousness also drives the development of environmentally friendly car interior materials that improve comfort. The demand for passenger vehicle interior materials has increased through these factors, creating market expansion. Generally, high-end automakers like Audi and BMW provide comfortable, effective, technologically advanced vehicle interiors. These producers intend to use simple programmable controls to incorporate into the dashboard components. The increased demand for opulent vehicles is anticipated to increase the demand for creative automotive interior solutions. As a result, these factors are expected to boost demand for the passenger vehicle interior market.
Restraints/Challenges
- Cost barriers to market expansion
Advanced automotive interior electronic components are more expensive even though their prices have dropped recently. Massaging car seats is one feature with high development costs and is typically found in passenger cars in the premium segment. This is because buyers of luxury vehicles are willing to pay more for comfort and innovation. Despite this, these cutting-edge technologies won't be widely used in low-end or economic segment vehicles unless their price is reduced. This would hinder the development of all advanced and cutting-edge automotive interior components on the market.
- Uncertainty in Auto Industry to act as Market Restraint
Growing waste disposal concerns, rising leather prices, and government restrictions on materials like PVC leather prevent the auto industry from expanding its market. However, the market is being constrained by improper disposal of the effluents created during the tanning process that turns raw hide into genuine leather. The wastewater from beam house processes like soaking, liming, and deeming is very alkaline. It contains decomposing organic matter, hair, lime, and organic nitrogen with a high COD (chemical oxygen demand). This element is negatively impacting the market.
This passenger vehicle interior market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the passenger vehicle interior market contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In 2022: A joint venture between Sony and Honda was announced. Sony Honda Mobility will sell electric vehicles by 2025 and offer mobility services.
- In 2022: The highly anticipated New City e: HEV was unveiled by Honda Cars India Limited, a major premium automaker in India.
- In 2022, General Motors and Honda announced a new collaboration to co-create a line of reasonably priced electric vehicles. The new EVs will be built using next-generation Ultium battery technology and a new global architecture.
India Passenger Vehicle Interior Market Scope
The passenger vehicle interior market is segmented on the basis of components, engine type, vehicle type and model of channel, material type. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Cockpit Module
- Informative systems
- Instrument cluster
- Telematics
- Others
- Central Console
- Door Panel
- Interior Lighting
- Dome Module
- Flooring
- Automotive seats and displays
- Interior lightening
- Head up displays
- Centre stack
- Rear seat entertainment
- Seat
- Adhesives and Tapes
- Others
- Sun visors
- Acoustic system
- Headliners
- Overhead systems
Engine type
- Hybrid and electric vehicle
- Fuel type
- BEV
- FCEV
- HEV
- PHEV
- ICE
- Fuel type
- CNG
- Diesel
- Gasoline
- LPG
Vehicle Type
- Economic cars
- Mid segment cars
- Luxury segment cars
Mode of Channel
- OEM
- Aftermarket
Material type
- Leather
- Synthetic
- Natural
- Fabric
- Vinyl
- Wood
- Glass Fiber Composite
- Carbon Fiber Composite
- Metal
Competitive Landscape and Passenger Vehicle Interior Market Share Analysis
The passenger vehicle interior market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to passenger vehicle interior market.
Some of the major players operating in the passenger vehicle interior market are:
- IAC Group. (Luxembourg)
- Robert Bosch GmbH (Germany)
- Continental AG (Germany)
- Varroc Group. (India)
- Antolin (Spain)
- HELLA GmbH & Co. KGaA (Germany)
- FORVIA Faurecia (France)
- NTF GROUP. (India)
- Marelli Holdings Co., Ltd. (Italy)
- Injectoplast (India)
- Visteon Corporation. (U.S.)
- Motherson. (India)
- TACHI-S. (U.S.)
- Lear (U.S.)
- Automotive Industry Action Group (AIAG) (U.S.)
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