The automotive headliners market is set to observe growth rate of over 4.8% till 2026. 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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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.
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.
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.
The Europe automotive headliners market is anticipated to record a CAGR of over 4% owing to rising focus of manufacturers on the methods for reducing overall weight of vehicles majorly to improve fuel efficiency. Key manufacturers are developing new materials for headliners to lessen the overall vehicular weight.
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 5. Automotive Headliners Market, By Vehicle
5.1. Global automotive headliner 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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