There are several new technologies that have invaded the environment of the automobile driver, such as allowing him the access to internet and function on the onboard computer in the same way as any personal computer. Companies have constantly been developing high-quality products with enhanced features. This is in line with the increase in demand for customized and technologically automotive central console.
The global automotive central console market can be segmented based on component, vehicle, electrical vehicle, and region.
Based on component, the automotive central console market can be divided into HVAC, navigation, audio system, park assistance system, and video display. In terms of value, the HVAC segment is projected to account for major share of the automotive central console market in the near future. The average distance traveled by a person has increased over the years. This has significantly boosted the need for controls inside car temperature, humidity, air flow, and convenience. Consumers are willing to spend more money in order to obtain high-quality products in the automotive central console market.
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In terms of vehicle, the automotive central console market can be classified into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. The passenger vehicle segment is expected to account for the key share of the automotive central console market, followed by light commercial vehicle and heavy commercial vehicle segments during the forecast period. Based on electric vehicle, the automotive central console market can be segregated into battery vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle.
Based on geography, the global automotive central console market can be split into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is the dominant market for the automotive sector. India, China, and Japan account for the leading share owing to the increase in production of vehicles in these countries.
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Furthermore, increase in expenditure on road infrastructure and rise in manufacturing activities in Asia Pacific are expected to augment the demand for commercial and passenger vehicles. This, in turn, is anticipated to boost the automotive central console market during the forecast period.
Key players operating in the global automotive central console market are Faurecia, GRAMMER AG, Magneti Marelli S.p.A., Rampage Products, TSI Products, Inc., PLASTIKON INDUSTRIES, INC., Heartland Automotive LLC, and Sanko Gosei.