Automotive Interior Market Technological development to influence market growth … – Press Release


New York, Feb. 17, 2023 (GLOBE NEWSWIRE) — Maximize Market research, a global Automotive and Transportation business-consulting firm, has published a market intelligence and competitive landscape report on the “Automotive Interior Market“. As per the report, which is a combination of primary and secondary data, the total market opportunity for the Automotive Interior was USD 148.35 Bn in 2021 and is expected to grow at 5.7 percent CAGR over the forecast period to reach USD 231.15 Bn.

Market Size in 2021 USD 148.35 Bn
Market Size in 2029 USD 231.15 Bn
CAGR 5.7 percent (2022-2029)
Forecast Period 2022-2029
Base Year 2021
Number of Pages 264
No. of Tables 130
No. of Charts and Figures 125
Segment Covered Component, Material, and by the level of autonomy
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

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Use of lightweight & advanced material and HMI (Human-Machine Interfaces) in the interior to drive the Automotive Interior Market Growth

New materials and advanced technologies in the manufacturing of vehicles to reduce weight and design to make comfortable interiors is made possible due to use of the lightweight material. Increasing demand for attractive, comfortable, and aesthetic features in vehicles, especially passenger vehicles is expected to drive the Automotive Interior Market growth. Luxurious car brands with high-quality equipment, the best performance, and technological innovation in the automotive interior are expected to influence market growth.

High cost of raw materials is expected to hamper the Automotive Interior Market…