Analyzing the Future of Automotive Centre Console Market Dynamics 2025-2034: Growth Rate, Trends, and Major Opportunities
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How has the automotive centre console market grown in recent years?
In recent years, the market size of the automotive centre console has experienced significant growth. It is projected to increase from $33.27 billion in 2024 to $35.67 billion in 2025, with a compound annual growth rate (CAGR) of 7.2%. The growth during the historical period can be credited to the emergence of modern electric vehicles, altered consumer behavior, basic connectivity features, and simple storage compartments.
How is the automotive centre console market size expected to evolve during the forecast period?
The market size of the automotive centre console is projected to experience robust growth in the coming years, reaching a value of $47.12 billion in 2029, with compound annual growth rate (CAGR) of 7.2%. This projected growth during the forecast period can be attributed to factors such as increased production of passenger and commercial vehicles, the expansion of high-end and luxury vehicle segments, the growth of the connected car ecosystem and the rising demand for electric and autonomous vehicles. Key trends in the forecast period are expected to include the integration of large touchscreen displays, adaptable ambient lighting, connectivity with Internet of Things (IoT) and smart home devices, wireless device charging, and multi-functional, modular console designs.
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Which key drivers are propelling the automotive centre console market’s growth?
The surge in electric vehicle preference is playing a substantial role in the expansion of the automotive center console market. Essential for safety and security, sturdy center control systems are a major feature in electric cars, used primarily for touch controls and navigation. To illustrate, an article released in February 2023 by the Bureau of Labor Statistics, a division of the United States Department of Labor, projected electric vehicle sales in the United States to constitute 40% of total passenger car sales by 2030. Even more optimistic forecasts predict over half of car sales to be electric vehicles by 2030. Consequently, the escalating demand for electric cars is set to fuel the growth of the automotive center console market.
What are the market segments in the automotive centre console industry?
The automotive centre console market covered in this report is segmented – _x000D_
_x000D_
1) By Type: Touch Screen, Buttons And Controls _x000D_
2) By Vehicle Type: Passenger Vehicle, Premium Cars, Compact Cars, Mid-Size Cars, Luxury Cars, SUV, Electric Vehicle _x000D_
3) By Distribution: Original Equipment Manufacturer, After market_x000D_
_x000D_
Subsegments:_x000D_
1) By Touch Screen: Capacitive Touch Screens, Resistive Touch Screens, Multi-Touch Screens, Integrated Navigation Systems_x000D_
2) By Buttons And Controls, Mechanical Buttons, Toggle Switches, Rotary Controls, Touch-sensitive Controls
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Which leading companies are shaping the growth of the automotive centre console market?
Major companies operating in the automotive centre console market include AGM Automotive LLC, Alps Electric Co. Ltd., Calsonic Kansei Corp., Continental AG, Delphi Automotive plc, Emerson Electric Co., Faurecia SA, Hyundai Mobis Co, Johnson Controls Inc., Lear Carporation, MVC Holdings LLC, Novem Car Interior Design, Yanfeng International Automotive Technology Co. Ltd., Draxlmaier Group, Grammer AG, Magna International Inc., Toyota Boshoku Corporation, Novares Group SA, Langfang Huaan Automobile Equipment Co. Ltd., Visteon Corporation, Inteva Products LLC, Grupo Antolin Irausa SA, Tachi-S Co. Ltd., International Automotive Components Group, F S Fehrer Automotive GmbH, Adient plc, Brose Fahrzeugteile GmbH & Co. KG, Schaeffler AG, Robert Bosch GmbH, Kasai Kogyo Co. Ltd., Shiroki Corporation
What key trends are currently impacting the automotive centre console market’s development?
The advent of innovative touch screen technology is a significant emerging trend in the automotive center console industry. Key players in the market are concentrating on the development of groundbreaking technological solutions to consolidate their market position. For example, Grammer AG, a German automobile and car interiors company, launched an automated center console for the rear bench of the HiPhi X electric SUV in September 2023. This comes with a distinctive rear center console that includes a display holder, smartphone trays, cup holders, and two pop-up tables concealed beneath a butterfly armrest. It boasts of incredibly high-quality craftsmanship, upholstered with superior semi-aniline leather, along with distinctive features such as cup holders on both table surfaces, which have specially designed, magnetic inserts to keep glasses securely in place.
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Which geographic areas are influencing the growth of the automotive centre console market?
Asia-Pacific was the largest region in the automotive center console market in 2024.Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive center console market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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