Automotive Interior Components Industry to Grow at 7.07% CAGR through 2022, Predicts MRFR in Its Topical Report Available at MarketPublishers.com
29 Aug 2017 • by Natalie Aster
LONDON – The automotive industry is amid the most competitive industries worldwide. leading manufacturers across different continents often compete to expand their market shares and customer base. Visual appearance of a car has become a key factor influencing buyers’ perception of vehicle quality. Therefore, the importance of automotive interior components is considerably increasing.
Booming automotive industry and rising income levels across the globe are likely to drive the world’s automotive components market in the coming years. Through 2022, this market is set to exhibit a 7.07% CAGR to reach USD 355.5 billion.
APAC grabbed the biggest share of the overall automotive interior components market as of 2015, and is projected to see substantial growth in the coming years. The demand for autos in the region is spurred by the increasing population (especially in China and India) and favourable government initiatives.
Some of the prominent participants in the market for automotive interior components comprise Toyota Boshoku Corporation, Sage Automotive Interior Components, Toyoda Gosei, NTF India, Faurecia, BASF Automotive Solutions and Lear Corporation, amid others.
In-demand topical report “Global Automotive Interior Components Market-Forecast 2022” elaborated by Market Research Future (MRFR) gives in-depth insights into the current scenario and historical background of the world’s automotive interior components industry. Moreover, this report highlights the prevailing market trends, covers the market dynamics, scrutinises the main forces influencing the market growth as well as points out the major growth threats and opportunities. Besides, the study reviews the leading players and features the competitive environment, investigates the current situation in the key regional markets for automotive interior components and also presents a comprehensive future outlook through 2022.
To find many other in-demand research studies worked out by this publisher follow to Market Research Future catalogue at MarketPublishers.com.