Automotive Center Console Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026
| Published: Apr 2022 | Pages: 139 | SKU: IRTNTR73153 |
The automotive center console market share is expected to increase by USD 7.05 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.69%.
This automotive center console market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive center console market segmentations by application (SUV, premium, standard, and luxury) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The automotive center console market report also offers information on several market vendors, including Continental AG, Emerson Electric Co., Faurecia SE, FIT AG, Fritz Draxlmaier GmbH and Co. KG, GRAMMER AG, HASCO Co. Ltd., International Automotive Components Group SA, Leggett and Platt Inc., Lund Motion Products Inc., Marelli Holdings Co. Ltd., Methode Electronics Inc., Novares Group SA, Novem Group SA, and Weber GmbH and Co. KG among others.
What will the Automotive Center Console Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Automotive Center Console Market Size for the Forecast Period and Other Important Statistics
Automotive Center Console Market: Key Drivers, Trends, and Challenges
The increasing SUV sales is notably driving the automotive center console market growth, although factors such as fluctuation in material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive center console industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive Center Console Market Driver
The increasing SUV sales is one of the key drivers supporting the automotive center console market growth. The growing demand for SUVs and luxury vehicles has escalated the position of the center console as an aesthetic attraction for buyers. The US is one of the key regions for the SUV market. They are witnessing growing demand in APAC as well, with countries like India, Japan, China, and a few others indicating a higher growth in the regional automotive industry compared to the global automotive industry. Thus, the global automotive center console market is expected to display growth due to its increased application in SUVs during the forecast period
Key Automotive Center Console Market Trend
The development of smart glass technology for the center console is one of the key automotive center console market trends that is contributing to the market growth. The smart glass is an integral part of the center console, which also works as an access point for various cabin features. It encourages the development of smart surface technologies and opens the research area for design innovation using human-machine interfaces (HMI). It can be used as an advanced material to enhance the vehicle's aesthetics and even opens many other applications for the industry. The smart glass is equipped with actuators and sensors backed up by a software architecture that enables it to comprehend the user's requirement intelligently. Such factors of small glass will drive the automotive center console market growth during the forecast period.
Key Automotive Center Console Market Challenge
The fluctuation in material prices is one of the factors hindering the automotive center console market growth. The revenue and profitability from center console products largely depend on raw material pricing. This impacts the base price of OEMs and indirectly the demand for the product. The raw materials that are utilized in center console manufacturing can be selective textile fabrics, plastic injection grain, petroleum-based resins, polymers, composites, and certain metals. Most supply contracts are close-ended with cost protection, where OEMs are not affected by open-market price fluctuation of raw materials. But most raw material suppliers to tier-1 suppliers are not bound to restrict cost increment. This directly impacts the cost of tier-1 suppliers, who then face a challenge to break even or maintain profitability. Such challenges will impede the automotive center console market growth during the forecast period.
This automotive center console market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global automotive center console market as a part of the global auto parts and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive center console market during the forecast period.
Who are the Major Automotive Center Console Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Continental AG
- Emerson Electric Co.
- Faurecia SE
- FIT AG
- Fritz Draxlmaier GmbH and Co. KG
- GRAMMER AG
- HASCO Co. Ltd.
- International Automotive Components Group SA
- Leggett and Platt Inc.
- Lund Motion Products Inc.
- Marelli Holdings Co. Ltd.
- Methode Electronics Inc.
- Novares Group SA
- Novem Group SA
- Weber GmbH and Co. KG
This statistical study of the automotive center console market encompasses successful business strategies deployed by the key vendors. The automotive center console market is fragmented and the vendors are deploying growth strategies such as emphasizing their unique selling points (USP), diversifying their product portfolios, and adding compelling features to their products to compete in the market.
Product Insights and News
- Continental AG - Through the tires segment, the company offers digital tire monitoring and management systems.
- Continental AG - The company offers automotive center consoles with different surface materials such as Acella, Acella Eco green, and Acella Go.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive center console market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Automotive Center Console Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the automotive center console market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Automotive Center Console Market?
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44% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the automotive center console market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The presence of global key players, as well as an increasing number of regional and local players, will facilitate the automotive center console market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, APAC was the epicenter of the COVID-19 pandemic that broke out in China, which had a negative impact on the regional market. However, the economic slowdown across various countries in the region due to the outbreak of COVID-19 is expected to affect the demand for automobiles, which, in turn, may have a negative impact on the growth of the regional center console market during the forecast period.
What are the Revenue-generating Application Segments in the Automotive Center Console Market?
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The automotive center console market share growth by the SUV segment will be significant during the forecast period. SUVs have a wide scope for center consoles because of the presence of multiple rear rows. The SUV segment includes vehicles like Nissan X-Trail, Honda CR-V, and others. The top-selling markets in the SUV segment are the US and China. Moreover, the higher growth rate toward the end of the forecast period is due to the improving quality of console design and higher penetration of center consoles by the end of the forecast period in the SUV segment.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive center console market size and actionable market insights on post COVID-19 impact on each segment.
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Automotive Center Console Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.69% |
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Market growth 2022-2026 |
$ 7.05 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
5.56 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 44% |
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Key consumer countries |
US, China, Japan, India, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Continental AG, Emerson Electric Co., Faurecia SE, FIT AG, Fritz Draxlmaier GmbH and Co. KG, GRAMMER AG, HASCO Co. Ltd., International Automotive Components Group SA, Leggett and Platt Inc., Lund Motion Products Inc., Marelli Holdings Co. Ltd., Methode Electronics Inc., Novares Group SA, Novem Group SA, and Weber GmbH and Co. KG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Automotive Center Console Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive automotive center console market growth during the next five years
- Precise estimation of the automotive center console market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive center console industry across APAC, North America, Europe, South America, and Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive center console market vendors
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application
- 5.3 SUV - Market size and forecast 2021-2026
- Exhibit 28: Chart on SUV - Market size and forecast 2021-2026 ($ billion)
- Exhibit 29: Data Table on SUV - Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Chart on SUV - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on SUV - Year-over-year growth 2021-2026 (%)
- 5.4 Premium - Market size and forecast 2021-2026
- Exhibit 32: Chart on Premium - Market size and forecast 2021-2026 ($ billion)
- Exhibit 33: Data Table on Premium - Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Chart on Premium - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Premium - Year-over-year growth 2021-2026 (%)
- 5.5 Standard - Market size and forecast 2021-2026
- Exhibit 36: Chart on Standard - Market size and forecast 2021-2026 ($ billion)
- Exhibit 37: Data Table on Standard - Market size and forecast 2021-2026 ($ billion)
- Exhibit 38: Chart on Standard - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Standard - Year-over-year growth 2021-2026 (%)
- 5.6 Luxury - Market size and forecast 2021-2026
- Exhibit 40: Chart on Luxury - Market size and forecast 2021-2026 ($ billion)
- Exhibit 41: Data Table on Luxury - Market size and forecast 2021-2026 ($ billion)
- Exhibit 42: Chart on Luxury - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Luxury - Year-over-year growth 2021-2026 (%)
- 5.7 Market opportunity by Application
- Exhibit 44: Market opportunity by Application ($ billion)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 48: Chart on Geographic comparison
- Exhibit 49: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 US - Market size and forecast 2021-2026
- Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.10 Japan - Market size and forecast 2021-2026
- Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.11 Germany - Market size and forecast 2021-2026
- Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.12 India - Market size and forecast 2021-2026
- Exhibit 86: Chart on India - Market size and forecast 2021-2026 ($ billion)
- Exhibit 87: Data Table on India - Market size and forecast 2021-2026 ($ billion)
- Exhibit 88: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 90: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 91: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 93: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 94: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 95: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 96: Matrix on vendor position and classification
- 10.3 Continental AG
- Exhibit 97: Continental AG - Overview
- Exhibit 98: Continental AG - Business segments
- Exhibit 99: Continental AG - Key news
- Exhibit 100: Continental AG - Key offerings
- Exhibit 101: Continental AG - Segment focus
- 10.4 Emerson Electric Co.
- Exhibit 102: Emerson Electric Co. - Overview
- Exhibit 103: Emerson Electric Co. - Business segments
- Exhibit 104: Emerson Electric Co. - Key news
- Exhibit 105: Emerson Electric Co. - Key offerings
- Exhibit 106: Emerson Electric Co. - Segment focus
- 10.5 Faurecia SE
- Exhibit 107: Faurecia SE - Overview
- Exhibit 108: Faurecia SE - Business segments
- Exhibit 109: Faurecia SE - Key offerings
- Exhibit 110: Faurecia SE - Segment focus
- 10.6 Fritz Draxlmaier GmbH and Co. KG
- Exhibit 111: Fritz Draxlmaier GmbH and Co. KG - Overview
- Exhibit 112: Fritz Draxlmaier GmbH and Co. KG - Product / Service
- Exhibit 113: Fritz Draxlmaier GmbH and Co. KG - Key offerings
- 10.7 GRAMMER AG
- Exhibit 114: GRAMMER AG - Overview
- Exhibit 115: GRAMMER AG - Business segments
- Exhibit 116: GRAMMER AG - Key news
- Exhibit 117: GRAMMER AG - Key offerings
- Exhibit 118: GRAMMER AG - Segment focus
- 10.8 HASCO Co. Ltd.
- Exhibit 119: HASCO Co. Ltd. - Overview
- Exhibit 120: HASCO Co. Ltd. - Product / Service
- Exhibit 121: HASCO Co. Ltd. - Key offerings
- 10.9 Lund Motion Products Inc.
- Exhibit 122: Lund Motion Products Inc. - Overview
- Exhibit 123: Lund Motion Products Inc. - Product / Service
- Exhibit 124: Lund Motion Products Inc. - Key offerings
- 10.10 Methode Electronics Inc.
- Exhibit 125: Methode Electronics Inc. - Overview
- Exhibit 126: Methode Electronics Inc. - Business segments
- Exhibit 127: Methode Electronics Inc. - Key offerings
- Exhibit 128: Methode Electronics Inc. - Segment focus
- 10.11 Novares Group SA
- Exhibit 129: Novares Group SA - Overview
- Exhibit 130: Novares Group SA - Product / Service
- Exhibit 131: Novares Group SA - Key news
- Exhibit 132: Novares Group SA - Key offerings
- 10.12 Novem Group SA
- Exhibit 133: Novem Group SA - Overview
- Exhibit 134: Novem Group SA - Business segments
- Exhibit 135: Novem Group SA - Key offerings
- Exhibit 136: Novem Group SA - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 137: Inclusions checklist
- Exhibit 138: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 139: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 140: Research methodology
- Exhibit 141: Validation techniques employed for market sizing
- Exhibit 142: Information sources
- 11.5 List of abbreviations
- Exhibit 143: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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automotive center console market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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