Automotive Central Console Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Automotive Central Console Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Machines

Report Description

Driving is an essential though complex and perilous task as even a slight distraction caused to the driver can lead to a mishap. This is particularly true when dealing with driving as a professional task. The driving is based on an analysis of the devices that improve driving practice, and at the same time, by improving the ergonomics and the interaction with the central console. It thereby reduces the possibility of distraction, helping the driver to focus on driving, thus making it a pleasant experience for him. The need for fast, efficient, and independent mobility in everyday life makes automobile the preferred means of transport in the world. As a matter of fact, most of the users spend long periods of time inside their cars, making way for bringing inside the vehicle and making combinations of new secondary functions that were unthinkable of being applied out of their original environments. These new aspects created a shift in the disposition of automobiles from a simple means of transportation to an extension of the other spaces where we live in. Beyond the simple features such as air temperature optimization, radio, or other accessories, there are several new technologies that have invaded the environment of the automobile driver, such as allowing him the access to internet and function on the onboard computer in the same way as any personal computer. Companies have constantly been developing high-quality products with enhanced features. This is in line with the increase in demand for customized and technologically automotive central console. 

The global automotive central console market can be segmented based on component, vehicle, electrical vehicle, and region. Based on component, the automotive central console market can be divided into HVAC, navigation, audio system, park assistance system, and video display. In terms of value, the HVAC segment is projected to account for major share of the automotive central console market in the near future. The average distance traveled by a person has increased over the years. This has significantly boosted the need for controls inside car temperature, humidity, air flow, and convenience. Consumers are willing to spend more money in order to obtain high-quality products in the automotive central console market. In terms of vehicle, the automotive central console market can be classified into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. The passenger vehicle segment is expected to account for the key share of the automotive central console market, followed by light commercial vehicle and heavy commercial vehicle segments during the forecast period. Based on electric vehicle, the automotive central console market can be segregated into battery vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle. Continuous promotion and support by the government toward the usage of green energy is expected to drive the market for electrical vehicle during the forecast period. The hybrid electric vehicle segment constitutes a larger share of the global market than the battery electric vehicle or the plug-in hybrid electric vehicle segment.

Based on geography, the global automotive central console market can be split into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is the dominant market for the automotive sector. India, China, and Japan account for the leading share owing to the increase in production of vehicles in these countries. Furthermore, increase in expenditure on road infrastructure and rise in manufacturing activities in Asia Pacific are expected to augment the demand for commercial and passenger vehicles. This, in turn, is anticipated to boost the automotive central console market during the forecast period.

Key players operating in the global automotive central console market are Faurecia, GRAMMER AG, Magneti Marelli S.p.A., Rampage Products, TSI Products, Inc., PLASTIKON INDUSTRIES, INC., Heartland Automotive LLC, and Sanko Gosei.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market       

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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