India Passenger Vehicle Interior Market Size,Market Trends, Growth, Opportunities, Forecast to 2027|Key Competitors IAC Group, Robert Bosch LLC., Continental AG, Varroc Group., Grupo Antolin, HELLA GmbH & Co. KGaA, Faurecia, NTF India Pvt. Ltd., Marelli Corporation
Passenger
vehicle interior market is expected to gain market growth in the forecast
period of 2020 to 2027. Data Bridge Market Research analyses that the market is
growing with a CAGR of 6.1% in the forecast period of 2020 to 2027and expected
to reach USD 1,889.34 million by 2027 from USD 1,176.49 million in 2019.
Government initiatives to control vehicle emissions and strong investment from
the vehicle manufacturer are the factors for the market growth. Passenger
vehicle interior is an essential part of the vehicle as it reflects the
customer’s individuality as well as provides the comfort and innovative design
to vehicles. The personalized feature, safety, aesthetics looks and increased
accessories are offered by advanced passenger vehicle interior market.
Technological advancement as well as new lightweight materials brought
innovative design and products in the market for vehicle manufacturers to
enhance safety and look of vehicles. Passenger vehicle interiors plays
important role in buying decision of vehicle as it provide safety, comfort and
mainly represents the vehicle aesthetics.
Increased number of passenger vehicle as compared to the
past few years will accelerate the market growth. Government is introducing
some stringent regulation to enhance passenger safety in vehicle interior is
also increasing the demand of passenger interior vehicle. For instance, in July
2019, Government introduced new rule to improve passenger safety in vehicle
such as the passenger car must include driver-side airbag as well as stronger
structures of car to meet the safety norms. Such demand of safety features will
bring the change in vehicle interior which drive the passenger vehicle interior
in Indian market. This passenger vehicle interior market report provides
details of market share, new developments, and product pipeline analysis,
impact of domestic and localised market players, analyses opportunities in
terms of emerging revenue pockets, changes in market regulations, product
approvals, strategic decisions, product launches, geographic expansions, and
technological innovations in the market. To understand the analysis and the
market scenario contact us for an Analyst Brief, our team will help
you create a revenue impact solution to achieve your desired goal.
India
Passenger vehicle interior Market By Component (Cockpit Module, Central
Console, Door Panel, Interior Lighting, Dome Module), Vehicle Type (Sedan,
Sport Utility Vehicle (SUV), Hatchback, Coupe), Mode of Channel (OEM,
Aftermarket), Market Trends and Forecast to 2027 The India passenger
vehicle interior market is also segmented on the basis of mode of channel. The
passenger vehicle interior market, by mode of channel, is segmented into OEM
and aftermarket. The OEM segment is dominating the market for the forecasted
period. Increasing per capita income of India as well as increased production
of passenger vehicle is driving the OEM segment. For instance, in April 2019,
according to the Society of Indian Automobile Manufacturers (SIAM), passenger
vehicle segment witnessed a growth of 2.70 percent comparing to the April 2018
passenger vehicle sales. Such increased production and consumption in Indian
market is driving the growth of OEM passenger vehicle interior market.
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Passenger Vehicle
Interior Market Country Level Analysis:
The India passenger vehicle interior market is analyzed
and market size information is provided by country by component, vehicle type
and mode of channel as referenced above.
Country Level Analysis, By
Vehicle Type
The country section of the report also provides
individual market impacting factors and changes in regulation in the market
domestically that impacts the current and future trends of the market. Data
points such as new sales, replacement sales, country demographics, regulatory acts
and import-export tariffs are some of the major pointers used to forecast the
market scenario for individual countries. Also, presence and availability of
Indian brands and their challenges faced due to large or scarce competition
from local and domestic brands, impact of sales channels while providing
forecast analysis of the country data.
Huge Investment by Automakers
for Passenger Vehicle Interiors and Rise in Vehicle Interiors Electronics
Components:
India passenger vehicle interior market also provides you
with detailed market analysis for every country growth in automotive industry
with passenger vehicle interior sales, components sales, impact of
technological development in batteries and changes in regulatory scenarios with
their support for the passenger vehicle interior market. The data is available
for historic period 2010 to 2018.
India Passenger Vehicle
Interior Market Scope and Market Size:
India passenger vehicle interior market is segmented of
the basis of component, vehicle type, and mode of channel. The growth among
segments helps you analyze niche pockets of growth and strategies to approach
the market and determine your core application areas and the difference in your
target markets.
Based on component, the market is segmented into cockpit
module, central console, door panel, interior lighting, dome module and others.
The cockpit module is dominating the market as there is technological
advancement such as digitalization as well as increased electronics is driving
the segment growth. For instance, in May 2018, Visteon, a manufacturer of
cockpit electronics is targeting the Indian passenger vehicle interior market
by introducing SmartCore cockpit domain controller solution for OEM
manufactures. The company is targeting the interior segment of passenger
vehicles specifically a cockpit segment as their huge demand for digital
solutions as well as electronics.
Based on vehicle type, the market is segmented into
sedan, sport utility vehicle (SUV), hatchback and coupe. The sedan segment is dominating
the Indian vehicle interior market as having own vehicle is becoming a status
symbol of life standard. Consumers are spending extra money to purchase sedan
vehicles as it offers increased space with enhanced interior designs. For
instance, in January 2019, BMW, a well-known brand of premium vehicles
registered growth of 11 percent for year 2018 comparing to year 2017. Company
sold around 10,405 units of BMW 5 series and the 6 series models which are
popular sedans in Indian market. Such acceptance of premium vehicle sedans in
Indian market is driving the India interior passenger vehicle interior market.
The India passenger vehicle interior market is also
segmented on the basis of mode of channel. The passenger vehicle interior
market, by mode of channel, is segmented into OEM and aftermarket. The OEM
segment is dominating the market for the forecasted period. Increasing per
capita income of India as well as increased production of passenger vehicle is
driving the OEM segment. For instance, in April 2019, according to the Society
of Indian Automobile Manufacturers (SIAM), passenger vehicle segment witnessed
a growth of 2.70 percent comparing to the April 2018 passenger vehicle sales.
Such increased production and consumption in Indian market is driving the
growth of OEM passenger vehicle interior market.
The major players covered in the report are IAC Group,
Robert Bosch LLC., Continental AG, Varroc Group., Grupo Antolin, HELLA GmbH
& Co. KGaA, Faurecia, NTF India Pvt. Ltd., Marelli Corporation, Injectoplast,
Visteon Corporation, Samvardhana Motherson Group, TACHI-S., Lear Corporation.
and PPAP, among other players. Passenger vehicle interior market share data is
available for India. DBMR analysts understand competitive strengths and provide
competitive analysis for each competitor separately.
Customization Available: India Passenger Vehicle Interior Market:
Data Bridge Market Research is a leader in advanced
formative research. We take pride in servicing our existing and new customers
with data and analysis that match and suits their goal. The report can be
customised to include price trend analysis of target brands understanding the
market for additional countries (ask for the list of countries), concept cars,
literature review, refurbished market and product base analysis. Market
analysis of target competitors can be analysed from technology-based analysis
to market portfolio strategies. We can add as many competitors that you require
data about in the format and data style you are looking for. Our team of
analysts can also provide you data in crude raw excel files pivot tables
(Factbook) or can assist you in creating presentations from the data sets
available in the report.
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Reasons for Buying
this India Passenger Vehicle Interior Market Report:
Laser Capture India Passenger Vehicle Interior Market
report aids in understanding the crucial product segments and their
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of large sections supplied from the Laser Capture India Passenger Vehicle
Interior Market industry.
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The key questions
answered in this report:
What will be the Market Size and Growth Rate in the
forecast year?
What is the Key Factors driving Laser Capture India
Passenger Vehicle Interior Market?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors in India Passenger Vehicle
Interior Market?
What are the Trending Factors influencing the market
shares?
What is the Key Outcomes of Porter’s five forces model
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