Automotive Center Console Market Size to grow by USD 7.05 billion from 2021 to 2026 | Driven by Increasing SUV Sales

NEW YORK, June 3, 2022 /PRNewswire/ — The automotive center console market size is set to grow by USD 7.05 billion from 2021 to 2026, progressing at a CAGR of 5.69% according to the latest market report by Technavio. Technavio categorizes the automotive center console market as a part of the global auto parts and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive center console market during the forecast period.

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Automotive Center Console Market 2022-2026: Scope

Our automotive center console market report covers the following areas:

Automotive Center Console Market 2022-2026: Vendor Analysis

The automotive center console market is fragmented and the vendors are deploying growth strategies such as emphasizing their unique selling points (USP), diversifying their product portfolios, and adding compelling features to their products to compete in the market. Continental AG, Emerson Electric Co., Faurecia SE, FIT AG, Fritz Draxlmaier GmbH and Co. KG, GRAMMER AG, HASCO Co. Ltd., International Automotive Components Group SA, Leggett and Platt Inc., Lund Motion Products Inc., Marelli Holdings Co. Ltd., Methode Electronics Inc., Novares Group SA, Novem Group SA, and Weber GmbH and Co. KG are some of the major market participants.

• Continental AG – The company offers automotive center consoles with different surface materials such as Acella, Acella Eco green, and Acella Go.

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Automotive Center Console Market 2022-2026: Drivers & Challenges

The increasing SUV sales, increasing cabin features and personalization, and the rising demand for premium cabin features will offer immense growth opportunities for Automotive Center Console Market. However, the fluctuation in material prices will challenge the growth of the market participants. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge.

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Automotive Center Console Market 2022-2026: Segmentation Analysis

Automotive Center Console Market 2022-2026: Revenue Generating Segment & Regional Analysis

• The automotive center console market share growth in the SUV segment will be significant for revenue generation. SUVs have a wide scope for center consoles because of the presence of multiple rear rows. The SUV segment includes vehicles like Nissan X-Trail, Honda CR-V, and others. The top-selling markets in the SUV segment are the US and China. Moreover, the higher growth rate toward the end of the forecast period is due to the improving quality of console design and higher penetration of center consoles by the end of the forecast period in the SUV segment.

• 44% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the automotive center console market in APAC. Market growth in this region will be faster than the growth of the market in other regions. The presence of global key players, as well as an increasing number of regional and local players, will facilitate the automotive center console market growth in APAC over the forecast period.

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The competitive scenario provided in the Automotive Center Console Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, Make a strategic approach & boost your business goals with our Automotive Center Console Market Forecast Report – Buy Now!

Automotive Center Console Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026

• Detailed information on factors that will assist automotive center console market growth during the next five years

• Estimation of the automotive center console market size and its contribution to the parent market

• Predictions on upcoming trends and changes in consumer behavior

• The growth of the automotive center console market

• Analysis of the market’s competitive landscape and detailed information on vendors

• Comprehensive details of factors that will challenge the growth of automotive center console market vendors

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Table Of Contents :

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Application

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio