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The automotive headliners market is likely to experience strong competition in the coming years due to the adoption of certain aggressive strategies, such as production capacity expansion, & acquisitions, by key product manufacturers to strengthen their competitive edge in the market. In June 2018, Grupo Antolin, a renowned automotive interior manufacturer across the globe, inaugurated its new 368,000 sq. ft. facility in Shelby, Michigan.
The facility has high-tech manufacturing equipment to manufacture and sequence automotive overhead systems and door panels. This USD 70 million investment has helped the company to strengthen its position in North America. In August 2019, Motus Integrated Technologies acquired Janesville Fiber Solutions. The acquisition has helped the company to control Janesville’s high-performance engineered thermal & acoustical fiber automotive solutions and strengthened its product portfolio.
Major players in automotive headliners industry are
Key automotive manufacturers opt to enter into long-term agreements with these headliner manufacturers for efficient product supply.
In 2019, the automotive headliners market size valued more than USD 18 billion and is projected to show a CAGR of 4.8% through 2026, owing to inclination towards interior styling and convenience features.
The plastic material segment valued over 70% share in the global market in 2019 and is expected to witness substantial growth in the coming years.
The passenger car segment valued over USD 12.5 billion in 2019 and is expected to the automotive headliners industry through 2026 due to everchanging consumer trend towards upgrading the existing vehicles with advanced technologies.
The Asia Pacific region held over 50% market share in 2019 and is anticipated to witness considerable growth over the forecast period.