Market Research Future (MRFR) has published a cooked research report on the “Global Overhead Console Market” that contains information from 2018 to 2032. The overhead console market is estimated to register a CAGR of 6.50% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global overhead console market— Magna International Inc., Grupo Antolin, Kojima Industries Corporation, Yanfeng Automotive Interiors., Diamond Coatings Inc., JPC Automotive, Hella GmbH & Co. KGAA, Daimay Automotive Interior Co., Ltd., Gentex Corporation, Flex Ltd. and others.
Overhead Console Highlights
The global overhead console market is accounted to register a CAGR of 6.50% during the forecast period and is estimated to reach USD 17.9 Billion by 2032.
The overhead console market is expanding due to increased demand for integrated vehicle features. Consumers seek convenience and advanced functionalities, driving the adoption of overhead consoles that offer storage, lighting, controls, and entertainment systems.
Segment Analysis
The global overhead console market has been segmented based type, material, application and vehicle type.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Overhead Console Market Research Report
On the basis of type, the market is segmented into front overhead console and rear overhead console. The front overhead console segment dominated the market in 2022. As new automobiles become increasingly connected, customers seek seamless smartphone and other device integration into the driving experience. The front overhead console provides an easy-to-use location for the controls and displays of the infotainment system.
Based on material, the global overhead console market has been segmented into ABS, polypropylene, SMA plastic and others. The ABS segment dominated the market in 2022. Lightweight and enduring materials are highly valued in the automotive sector. ABS provides a great fusion of these attributes.
Based on application, the global overhead console market has been segmented into vehicle telematics, infotainment system & HMI and others. The vehicle telematics segment dominated the market in 2022. Modern consumers are used to connectivity in many areas of their lives, including their cars. Overhead consoles are developing into important hubs for in-car connectivity because they have touch-screen displays and controls that enable users to access a number of services.
Based on vehicle type, the global overhead console market has been segmented into passenger cars and commercial vehicles. The passenger cars category generated the most income in 2022. For organizing and managing the sophisticated technology systems found in modern passenger automobiles, overhead consoles are crucial. A unified and user-friendly interface for controlling the climate, ambient lighting, entertainment systems, and even the panoramic sunroof is provided via the overhead panel.
Regional Analysis
The global overhead console market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe overhead console market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The overhead console market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World overhead console market comprises of Middle East, Africa, and Latin America.
The North America overhead console market dominated this market in 2022 (45.80%). The preference of consumers for crossovers and SUVs. In North America, these cars are more prevalent, and their overhead consoles usually offer more space and more functionality. As consumers look for larger, family-friendly vehicles, the demand for sophisticated overhead console amenities like extra storage areas and entertainment system controls is growing.
Moreover, the second-largest market share belongs to the Europe in overhead console market. In Europe, where there are numerous top luxury automobile manufacturers, luxury cars are very popular. These manufacturers give quality materials, cutting-edge technological integration, and appealing designs top priority when creating the aforementioned consoles. Therefore, the luxury auto industry in Europe is a key pushing force for high-end overhead console features.
Additionally, the Asia-Pacific overhead console market is expected to grow at the fastest CAGR from 2023 to 2032. In numerous Asian nations, smaller, more cost-effective, and fuel-efficient vehicles are preferred. These automobiles' overhead consoles are made to be as practical as they can be while yet fitting into the limited area, promoting inventiveness in space-saving methods.
Furthermore, the rest of the world's overhead console market is divided into the Middle East, Africa, and Latin America. The Latin American overhead console market is growing as vehicle buyers demand enhanced interior features. These consoles, offering storage, lighting, and controls, are increasingly popular for their convenience and improved driving experience.
Key Findings of the Study
- The global overhead console market is expected to reach USD 17.9 Billion by 2032, at a CAGR of 6.50% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market Smaller, more economical, and more fuel-efficient vehicles are desired in several Asian countries.
- Based on vehicle type, the passenger cars segment was attributed to holding the largest market in 2022.
- Magna International Inc., Grupo Antolin, Kojima Industries Corporation, Yanfeng Automotive Interiors., Diamond Coatings Inc., JPC Automotive, Hella GmbH & Co. KGAA, Daimay Automotive Interior Co., Ltd., Gentex Corporation, Flex Ltd. and others.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Companies Covered | 15 |
Pages | 128 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.