Automotive Armrest Market By Type, By Material, By Sales Channel, By Region- Global Industry Analysis And Forecast 2021- 2028

The Global Automotive Armrest Market size is expected to grow from USD 2.01 Billion in 2022 to USD 2.17 Billion by 2030, at a CAGR of 0.98% during the forecast period (2023-2030).

Automotive Armrest are a feature of automobiles that enable drivers to rest their hands or store important items so that they can be easily accessed when driving. Space, a cup holder, and control of certain non-essential vehicle functions are just a few of its features. The foldable automotive armrest in the backseat can be used as a seat for a third person or as a stand to rest on their side. This feature is only available in high-end vehicles. Almost every car has an armrest in the door that can be used to rest the hands or to keep the door open when it is being opened.

The automotive armrest can be found on either the seats or the door. Armrests make driving more comfortable regardless of the seat's location or the driver's height. Some automotive armrest are completely foldable and flexible, and they can endure a lot of use. Furthermore, armrests with features like portability and wireless charging, as well as soft materials like cloth, vinyl, leather, or PUR with improved esthetics, are becoming increasingly common among consumers. This, in turn, is driving demand for armrests.

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Automotive Armrest Market Dynamics
The perception of automotive armrests as a luxury car accessory among a wide segment of the population is a major market restriction. Despite the increase in passenger car sales, customers in major automotive markets such as India and China have been slower to adapt to the installation of armrests in vehicles. automotive armrest market's growth could be hampered by a lack of interior space and the lack of pre-installed armrests.

Increase In Demand For Passenger Vehicles May Grow The Market Demand
The demand for new vehicles in the car industry is growing as per capita income rises, which in turn is increasing the demand for vehicle automotive armrest. According to OICA, the total number of cars manufactured in 2017 was about 97 million, with the number expected to grow in the coming years. These factors are expected to fuel automotive armrest market's overall growth over the forecast period.

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Players Covered in Automotive Armrest Market are:

Grammer
EFH Armrests
ABC Group
BOS
Master Molded Products Corporation
Irvin Automotive Products
Accuride
Bentex Automotive
Yangfeng Johnson Controls
Intap
Proseat
Noco AB and Other major players.

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This release was published on openPR.