The size of Automotive Headliners Market was registered at USD 18.6 billion in the year 2019 and is anticipated to cross USD 19 billion by 2026. Between the period 2020-2026, the market is expected to register a CAGR of 4.8%.
Elaborating further on the material façade, it has been observed that the global automotive headliners market is gradually driven by both the plastics and fabrics segments. Reports suggest that the plastics domain would dominate the overall market in the years to come, perhaps due to its excellent performance, lightness, and easy availability. Meanwhile, the fabrics segment is also likely to hold a considerable share of 20% in automotive headliners industry; courtesy- its aesthetic appeal and lightness. It has been claimed that passengers, HCVs, and luxury vehicles are expected to leverage the diverse advantages of automotive headliners in the near future.
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With the world progressing towards modernization, people around the globe have been spending heftily in owning luxury vehicles that are incorporated with best in class features and optimum consumer satisfaction. This has indeed propelled the need for perfect automotive headliners, allowing the market to carve a profitable niche for itself in the overall automotive and transportation business sphere over 2020 to 2026.
Moreover, immense focus laid upon carbon footprint and overall weight reduction are also, to quite an extent, adding to the industry growth. In fact, various companies operating in the production of automotive parts and fabrics are going nine yards to offer brilliant solutions to carmakers as well as consumers that not only help in combating the challenges associated with carbon emission levels but also allow them to stand a level apart in the overall market space.
Speaking of which, the HCVs are currently observing a significant growth in headliner consumption. This can be ascribed to the rising demand for lorries with integrated driver cabins to augment the comfort level. What more has impelled the demand for advanced headliners across HCVs is the improving operational capabilities and outgrowing number of amenities for these vehicles. While on the other hand, economic development and expanding disposable incomes of the middle-class population has undeniably urged people to opt for luxury vehicles.
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.
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 industy.
Given to its multiple applications and significance, companies operating in the automotive headliners market are focusing on new product development and partnerships. For example, in 2019, global automotive supplier of engineered components and systems, Inteva Products announced its corporation agreement with Asian company, Suzhou Greentech Material Co. Ltd. for the manufacturing of Inteva’s Inteather automotive material solutions meant for the China automotive industry.
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Some Point from Table of Contents:
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
5.3.1. Market estimates and forecasts, 2016 - 2026
5.3.2. Market estimates and forecast, by region, 2016 – 2026
5.4.1. Market estimates and forecasts, 2016 - 2026
5.4.2. Market estimates and forecast, by region, 2016 - 2026
Chapter 6. Automotive Headliners Market, By Distribution Channel
6.1. Global automotive headliners market distribution channel insights
6.2.1. Market estimates and forecasts, 2016 - 2026
6.2.2. Market estimates and forecast, by region, 2016 - 2026
6.3.1. Market estimates and forecasts, 2016 - 2026
6.3.2. Market estimates and forecast, by region, 2016 – 2026
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