Automotive Headliners Market: Regional Analysis, Top key Players & Growth Forecast to 2026
Automotive headliners market to value $19 Billion by 2026. Rise in consumer spending on customizing vehicles and improving interior aesthetics are expected to drive the demand for automotive headliners. Automakers are also focusing on making electric supercars. Increasing disposable income across middle-class population and economic progress in developing and developed countries are likely to fuel the demand for passenger vehicles.
Growing demand for premium luxury vehicles and an intensifying focus on reducing vehicular weight and carbon footprint could propel the automotive headliners industry size. Consumers are nowadays preferring convenience features in cars along with aesthetically appealing interior styling. Previously, these features were only offered in premium vehicle variants, however, they are steadily being offered in traditional passenger vehicles. Rising demand for passenger and luxury automobiles is anticipated to make OEM the preferred distribution channel for automotive headliners.
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Automotive headliners are also heavily used in HCVs to offer improvements in the number of vehicle amenities and operational capabilities. Advanced headliners are used in lorries that come with integrated driver cabins to enhance driver comfort. Estimates claim that the automotive headliners fabrics material segment is likely to hold over 20% market share on account of its lightness and aesthetic appeal.
There is an increasing demand for luxury vehicles across the world. North America, the Middle East and Europe have a higher per capita income spending on luxury vehicles. The expansive luxury car sector is gaining traction due to growing popularity of supercars among younger generation.
Although the European continent is currently facing the wrath of coronavirus infection spread, it is essential to state that the regional automotive headliners market would depict a CAGR of 4% through 2026, as companies are relentlessly working towards overall weight reduction in vehicles in an effort to enhance the fuel efficiency. In addition to this, European regulatory bodies and organizations including the regional and federal, have mutually established regulations and standards to curtail vehicle emission. This has undeniably offered various automakers in the region to develop sustainable and potential solutions in the overall automotive headliners market.
That said, it would be safe to declare that rising sales of luxury vehicles would in turn produce a demand spurt for advanced automotive headliners across some of the high income countries and regions like North America, the Middle East, and Europe. Estimates claim that the luxury cars unit sales across the United Kingdom would reach a hefty trillion-number mark by 2023, witnessing some ups and downs due to the ongoing COVID-19 pandemic in Europe region.
Europe is also home to a well-established automotive industry. Major automakers have manufacturing facilities in Spain, Germany, Poland, the UK and Italy. Some well-known regional and international automobile manufacturers in the region are Honda, Mazda Motor, Chevrolet, Peugeot, Audi, Ford, Opel/Vauxhall, Volkswagen, Renault, BMW, and Mercedes-Benz. These companies are implementing advanced technology, high-class engineering and have a workforce with technical expertise to develop cutting-edge products.
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Some Point from Table of Contents:
Chapter 4. Automotive Headliners Market, By Material
4.1. Global automotive headliners market material insights
4.2. Plastics
4.2.1. Market estimates and forecasts, 2016 - 2026
4.2.2. Market estimates and forecast, by region, 2016 – 2026
4.3. Fabrics
4.3.1. Market estimates and forecasts, 2016 - 2026
4.3.2. Market estimates and forecast, by region, 2016 – 2026
Chapter 5. Automotive Headliners Market, By Vehicle
5.1. Global automotive headliners market vehicle insights
5.2. Passenger cars
5.2.1. Market estimates and forecasts, 2016 - 2026
5.2.2. Market estimates and forecast, by region, 2016 - 2026
5.3. LCV
5.3.1. Market estimates and forecasts, 2016 - 2026
5.3.2. Market estimates and forecast, by region, 2016 – 2026
5.4. HCV
5.4.1. Market estimates and forecasts, 2016 - 2026
5.4.2. Market estimates and forecast, by region, 2016 - 2026
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