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Top Trends Transforming the Automotive Centre Console Market Landscape in 2025: Innovations In Automotive Centre Console Touchscreen Technology
Automotive Centre Console
What Will the Automotive Centre Console Industry Market Size Be by 2025?
In recent times, there has been a robust expansion in the automotive centre console market. It is estimated that the market size will increase from $33.27 billion in 2024 to $35.67 billion in 2025, representing a compound annual growth rate (CAGR) of 7.2%. This progress during the historical period is credited to the emergence of contemporary electric vehicles, shifting consumer habits, restricted connectivity options, and uncomplicated storage spaces.
What's the Long-Term Growth Forecast for the Automotive Centre Console Market Size Through 2029?
In the coming years, a robust growth is anticipated in the automotive centre console market which is expected to reach a value of $47.12 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.2%. Factors contributing to growth during this future period include an increase in manufacturing of passenger and commercial vehicles, expansion in the luxury car sector, and the flourishing connected car ecosystem. The rising demand for electric and autonomous vehicles is also playing a role. The forecast period will see trends like the inclusion of large touchscreen displays, customizable ambient lighting, IoT and smart home devices integration, device wireless charging facilities, and the design of multifunctional and modular consoles.
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What Are the Key Growth Drivers Fueling the Automotive Centre Console Market Expansion?
The automotive center console market is experiencing substantial growth due to the increasing demand for electric vehicles. Essential for safe and secure control, center consoles play a critical role in electric cars, as they are used for touch controls and navigation purposes. Following a report by the Bureau of Labor Statistics, a subsidiary of the United States Department of Labor, in February 2023, it is anticipated that electric vehicle sales in the United States will constitute 40% of total passenger car sales by 2030. Predicatively, electric vehicle sales could exceed 50% by 2030. Consequently, this surge in electric vehicle demand will bolster the said market growth.
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What Are the Key Trends Driving Automotive Centre Console Market Growth?
The advent of advanced technology in touch screens is an emerging trend that is gaining traction in the automotive center console sector. The market's primary firms are striving to create innovative technological solutions in order to enhance their standing in the market. Grammer AG, a Germany-based automotive and car interior manufacturer, is an example of this trend. They launched an automated center console for the back bench of the HiPhi X electric SUV in September 2023. Noteworthy features of the rear center console include a display holder, smartphone trays, cup holders and twin fold-out tables concealed beneath a butterfly armrest. The unit stands out not just for its superior craftsmanship and wonderful semi-aniline leather upholstery, but also for its distinctive elements such as cup holders in the two table surfaces equipped with classy, magnetic inserts for a secure grip on glasses.
How Is the Automotive Centre Console Market Segmented?
The automotive centre console market covered in this report is segmented -
1) By Type: Touch Screen, Buttons And Controls
2) By Vehicle Type: Passenger Vehicle, Premium Cars, Compact Cars, Mid-Size Cars, Luxury Cars, SUV, Electric Vehicle
3) By Distribution: Original Equipment Manufacturer, After market
Subsegments:
1) By Touch Screen: Capacitive Touch Screens, Resistive Touch Screens, Multi-Touch Screens, Integrated Navigation Systems
2) By Buttons And Controls, Mechanical Buttons, Toggle Switches, Rotary Controls, Touch-sensitive Controls
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Which Companies Are Leading the Charge in Automotive Centre Console Market Innovation?
Major companies operating in the automotive centre console market include AGM Automotive LLC, Alps Electric Co. Ltd., Calsonic Kansei Corp., Continental AG, Delphi Automotive plc, Emerson Electric Co., Faurecia SA, Hyundai Mobis Co, Johnson Controls Inc., Lear Carporation, MVC Holdings LLC, Novem Car Interior Design, Yanfeng International Automotive Technology Co. Ltd., Draxlmaier Group, Grammer AG, Magna International Inc., Toyota Boshoku Corporation, Novares Group SA, Langfang Huaan Automobile Equipment Co. Ltd., Visteon Corporation, Inteva Products LLC, Grupo Antolin Irausa SA, Tachi-S Co. Ltd., International Automotive Components Group, F S Fehrer Automotive GmbH, Adient plc, Brose Fahrzeugteile GmbH & Co. KG, Schaeffler AG, Robert Bosch GmbH, Kasai Kogyo Co. Ltd., Shiroki Corporation
Which Regions Are Leading the Global Automotive Centre Console Market in Revenue?
Asia-Pacific was the largest region in the automotive center console market in 2024.Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive center console market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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